Dogecoin Price Prediction: DOGE at Risk of a Correction While this Altcoin Replicates its 2021 1000x Rally
The post Dogecoin Price Prediction: DOGE at Risk of a Correction While this Altcoin Replicates its 2021 1000x Rally appeared on BitcoinEthereumNews.com.
Dogecoin shows signs of slowing down amid the current bull run, while this new Ethereum altcoin eyes further presale gains. Over the past week, the Bitcoin-fueled crypto bull run has seen top meme coins like Dogecoin (DOGE) surge by double digits. However, analysts believe this altcoin might soon reverse this trend and plunge into a winter market. Meanwhile, RCO Finance (RCOF), an upcoming DeFi altcoin, is poised to continue pumping. Read on to discover why analysts expect Dogecoin (DOGE) to plunge as RCO Finance (RCOF) continues rallying. Dogecoin Soars 15% in a Week, But What’s In Store? Dogecoin has been one of the best-performing altcoins over the past seven days. On September 20, the DOGE price was hovering around $0.1067. Following days of recording marginal price movements, DOGE picked up a bullish momentum on September 26 after Bitcoin (BTC) surged past $65,600. Historically, the altcoin market has always mirrored Bitcoin’s price movements, and this time was no exception. As such, Dogecoin (DOGE) shot up and traded as high as $0.1247 on September 27 before leveling off at around $0.1239. This price means DOGE has pumped 16% in a week. Furthermore, the Dogecoin 24-hour trading volume has increased by 52%, signaling increasing investor demand. However, DOGE whales are infamous for liquidating their assets when the altcoin surges, triggering massive corrections. This explains why analysts believe DOGE is at risk of retracing its growth. RCOF Makes Notable Presale Progress: Huge Gains Incoming. With uncertainty mounting around DOGE’s next move, investors are quickly making their way to the RCO Finance (RCOF) presale. RCOF is a new Ethereum altcoin with a limited supply of 800 million tokens and a deflationary mechanism to combat inflation. These features have positioned RCOF as an alluring investment. This altcoin is also safe to invest in. RCOF’s safety can…
Filed under: News - @ September 28, 2024 7:11 pm