The post Dogecoin Price Prediction: Is DOGE price about to explode? appeared on BitcoinEthereumNews.com.

Dogecoin, one of the most popular cryptocurrencies, is back in the spotlight as analysts hint at a possible massive price surge. With growing bullish momentum and increasing interest from traders, some experts are predicting gains of up to 1,150% for DOGE. But what’s driving this excitement, and is Dogecoin really about to explode? In this Dogecoin price prediction article, we’ll dive into the latest price predictions, market trends, and the factors that could send Dogecoin soaring to new heights. How has the Dogecoin Price Moved Recently? Dogecoin is currently priced at $0.12394, with a 24-hour trading volume of $55.52 billion, a market capitalization of $18.11 billion, and a market dominance of 0.78%. Over the last 24 hours, the price of DOGE has risen by 0.18%. The all-time high for Dogecoin was on May 8, 2021, when it reached $0.738595. Its all-time low was recorded on May 7, 2015, at just $0.00008547. Since its peak, the lowest DOGE price was $0.049701 (cycle low), and it reached a high of $0.227362 (cycle high) since then. The current outlook for Dogecoin is bullish, with the Fear & Greed Index sitting at 64, indicating “Greed.” Dogecoin has a circulating supply of 146.14 billion DOGE, with a yearly supply inflation rate of 3.51%, meaning 4.95 billion new DOGE tokens were generated over the last year. Is Dogecoin Price Eyeing Moonshot? Dogecoin is showing strong signs of a potential moonshot as market analysts closely monitor its current breakout from a downward channel. Renowned commodity trader Peter Brandt recently highlighted that Dogecoin has been breaking out of its downward trend after being stuck there for approximately six months.  This breakout is significant, as it follows a period of consolidation in which DOGE traded horizontally between $0.05 and $0.1181 for about two years, reaching a peak at $0.2100…

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Filed under: News - @ September 28, 2024 2:09 pm