Dogecoin Price Prediction: 30% Crash Before 1,000% Rally? Analyst reveals everything
Crypto experts debate the future of Dogecoin (DOGE), the leading meme currency. Given how well the leading meme coin's price activity matches crypto expert Capt Toblerone's forecast, his research is being scrutiny.
DOGE's 30% Drop Continues
Capt Toblerone predicted a 30% price drop for Dogecoin. He said the next reload area is $0.108. He forecasted a 1,300% surge for Dogecoin from that level, predicting 13x from the reload region.
Dogecoin might reach $1.2 after a 1,000% surge. Analyst and other crypto specialists anticipate the meme currency might hit $1 this cycle. This seems possible as crypto researcher Kevin (previously OG Yomi) once cited Dogecoin's progress in prior bull markets as a reason to climb beyond $3.
Dogecoin is poised to make a giant leap, but Pav Hundal, head analyst for Australian exchange Swyftx, has outlined what may prevent it from hitting $1. He said that some Dogecoin holders acquired it at its height in the recent bull run.
Once DOGE reaches its bull cycle ATH, he expects these holders to capitalize. Thus, selling pressure might prevent each currency from reaching $1, depending on its size. He also said that DOGE may have enough liquidity to reach that level as more meme coins are available.
Crypto analyst Rekt Capital disagrees with Hundal. He called Dogecoin “one of the most cyclical altcoins in the space.” He expects the meme currency to go parabolic again, as it has in prior rounds.
Crypto predicts Dogecoin might plummet below $0.10. Analysts predict the meme currency to initially enjoy a relief pump and then surge to $0.18. He plans to short meme currency at $0.18 as it falls to $0.10.
Not just Dogecoin will CrediBULL Crypto anticipate to decline drastically. He forecasts a price decrease for other top meme currencies like Pepe (PEPE) and Dogwifhat (WIF) after their surge this year.
Dogecoin is selling at $0.16, up over 4% in 24 hours, according to CoinMarketCap.
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