Is everyone focusing on Dogecoin (DOGE)? Want to know if it can soar to $10 next year?
Currently, the price of DOGE is around $0.4, which may sound like a joke, but the market is genuinely optimistic about it. Some analysts say that DOGE needs to rise by 2233% to touch the $10 threshold.
Analyst Dima James Potts mentioned that in this bull market, DOGE could break $10, and by 2025, it might even soar to $24, based on the historical trend of the weekly chart.
Another analyst, Gladiator, believes that DOGE's current trajectory resembles that of the last bull market, and by the first quarter of this year, it could potentially rise between $5 and $10.
Changelly's analysts also stated that in the long run, reaching $10 for DOGE is not a dream. By 2040, the minimum price could be $9.35, the average price $9.84, and the maximum could even reach $11.19. The AI ChatGPT also predicted that as long as more people use DOGE and it rises alongside Bitcoin and Ethereum, breaking $10 before 2030 is possible.
However, analyst Ali Martinez reminded that DOGE must break through the peak of the weekly ascending wedge for the $10 target to be more reliable. That said, the inflation issue with DOGE is significant, as 5 billion new tokens are added each year. To reach $10, the market cap would need to be alarmingly high; currently, there are 147 billion tokens in circulation, which would require a market cap of $1.47 trillion. If the supply rises to 152 billion tokens, then it would require a market cap of $1.52 trillion.
Nevertheless, many still believe DOGE has potential. Retail and institutional demand are both increasing, and Elon Musk is also promoting it. Currently, the price of DOGE is $0.4285, having risen 148.85% in the past 30 days, with a single-day increase of 6.41%. Let's wait and see!
For the next strategic direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential, and a projected space of over 10 times is definitely feasible. If you want to make big money in the bull market, like and comment, and I'll take you through the entire bull market!
