The post Shockwaves Ahead: Leading Crypto Analyst Forecasts Dogecoin (DOGE) Price Skyrocketing to $1 appeared on BitcoinEthereumNews.com.

People have been buzzing about the recent prediction that Dogecoin (DOGE) could hit $1, but is this projection overly optimistic given the current market conditions? We dissect this forecast and unveil another coin with the potential for even more substantial gains by the end of 2023 and beyond. Dogecoin to $1: What’s the Scoop? A respected figure in market analysis, AngeloBTC, recently made an audacious Dogecoin price prediction. This prediction indicated a potential surge for Dogecoin, propelling its value to an astonishing $1 per coin.  Initially conceived as a playful internet meme, Dogecoin has seen its share of ups and downs. However, AngeloBTC’s proclamation has injected renewed enthusiasm into its trajectory. Notably, Dogecoin’s price exhibited an upward trend over the last month, climbing from $0.069 on October 29 to $0.079 on November 29.  As market sentiment leans bullish, with 24 technical indicators signaling buy positions, the prospect of Dogecoin hitting $1 appears to resonate among traders. But, when we look closer at the current Dogecoin numbers, this prediction is simply impossible.  Dogecoin to $1 – Breaking Down The Numbers  Picturing Dogecoin reaching $1 implies a 1,149% surge from its present value. A deeper dive into the figures reveals that for Dogecoin to get $1, it would necessitate a market cap of approximately $142B. This is a significant increase from its current market cap of $11.3B.  Given that Dogecoin has not been able to reach its all-time high of $0.74 since 2021, a $1 valuation may take years to occur. Not even the recent Dogecoin news that a physical DOGE would be sent to the moon soon has helped the coin price pass $0.10 – a level not hit since December 2022. But here’s the real kicker – what other coin might outpace Dogecoin’s projected returns soon? Stick around to discover…

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Filed under: News - @ December 3, 2023 4:56 am