Price Analysis View Non-AMP

DOGE Price Could Reach $1 By 2024! Should You Invest?

Published by
Zameer Attar

Traders are flocking to top meme coins, led by Dogecoin (DOGE), Pepe (PEPE), Floki (FLOKI), and Shiba Inu (SHIB), in hopes of catching higher returns. This comes amid a recent Bitcoin (BTC)-induced crypto pump that has seen the overall market capitalization increase by over 10%. Exciting, right?

Additionally, the daily average traded volume for leading altcoins has more than doubled, sparking expectations of an imminent upsurge.

Eyes on the Prize!

In the past seven days, Dogecoin’s price has surged by over 21%, trading at around $0.07126. The average daily traded volume has increased by approximately 47% in the past 24 hours, reaching around $718 million.

Despite the emergence of various rivals over the past two years, Dogecoin has managed to maintain its status as the top-rated meme coin. As a result, expectations are high for Dogecoin’s price to rally exponentially towards its all-time high (ATH) in the coming months.

Also Read: Which Memecoin Will Outperform In Q4 2023? DOGE, SHIB, Or Floki?

Dogecoin to the Moon?

Renowned crypto analyst Captain Faibik predicts that Dogecoin’s price is well-positioned to reach $1 during the first half of 2024. However, traders are advised to exercise caution, as sudden price corrections often lead to significant liquidations.

The Musk Effect

Elon Musk’s unwavering support for Dogecoin has been a driving force behind its popularity. The Dogecoin community eagerly anticipates its integration with the X platform as a form of payment. In the meantime, the Dogecoin network has surpassed 173,000 transactions and boasts nearly 6 million non-zero addresses, highlighting its robust user base and potential for further growth.

Read More: Dogecoin vs Shiba Inu – Which Will Hit $1 First?

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

Chainlink Price Analysis: When Will LINK Retest $19?

On-chain data analysis shows the overall demand for Chainlink by whale investors has gradually increased…

May 7, 2025

Gold Price Extends Gains Beyond $3,420/oz: What Next for Bitcoin Price?

Gold price is less than 2 percent from its all-time high amid volatile geopolitical tensions.…

May 7, 2025

Bitwise Filed an S-1 Form for NEAR ETF— Yet Near Price See No Pump

Bitwise, one of the biggest U.S. fund managers with $12 billion in assets under management,…

May 7, 2025

KULR Technology Buys Additional 42 Bitcoin Worth $4M: Company’s BTC Trove Surges to 716.2 Coins

KULR Technology Group has achieved a BTC Yield of 197.5 percent YTD following its relentless…

May 7, 2025

Avalanche (AVAX) Price Rebounding from the Buy Zone: Is a 40% Upswing on the Horizon?

In the times when Bitcoin price is struggling to rise above $95,000, Avalanche price flashes…

May 6, 2025

From Dubai to Singapore: Hyra Network Powers New Frontiers in Decentralized AI and Strategic Growth

In a significant leap for its global expansion strategy, Hyra Network actively co-hosted VC Connect,…

May 6, 2025