Dogecoin rallied more than 300% in the past couple of days to barely touch $0.3 and slide down towards $0.25
The dogecoin platform needs to achieve many more milestones and hence many believe this is still early for DOGE price
Once Dogecoin is listed on Coinbase, then the price may rally high and the crypto may also enter the top 5
Dogecoin Price on Fire This Week
DOGE price rallied like a monster for a couple of days and gained an entry into the top 10 cryptocurrency list. The asset continues to rally at the press time despite the major cryptos entering a slight correction phase. Moreover, the price hit $0.3 in the early trading hours and witnessed a slight pullback around $0.25.
As most of the altcoins in the top 100 rallied with a decent margin, one can say the Altcoin Season has geared up. However, according to an analyst, every alt season initiates with a dogecoin pump.
As per the analyst, if the DOGE pump can propel the altcoin season, then major altcoins may be on the track of forming newer highs. Altcoins like Litecoin, Uniswap, Polkadot, etc are experiencing a moderate rally. Despite the cryptos smashing new highs amid the bull rally, many believe these altcoins are yet heavily undervalued. And hence the DOGE pump may accelerate the altcoin season to the peak.
DOGE Has A Long Way To Go!
The Dogecoin price attracted many strong hands in recent times that intensified the rally more than 3500% since the start of 2021. The mammoth rally may continue towards the next set target at $0.5 and later to $1.
No doubt, the rally showcased an immense bullish momentum, yet the platform has to achieve many things. As rightly pointed out by an analyst, this is still very much early for Dogecoin.
The analyst mentioned all the milestones, Dogecoin is yet to achieve. Once done, the DOGE price may also hit a double digit figure may be somewhere in 2021 or 2022. The listing on Coinbase can give a major boost as cited by the interpreted CEO Elon musk.