HomeCryptocurrencyCrypto Analyst Predicts Where Dogecoin Price Will Be On DOGE Day

Crypto Analyst Predicts Where Dogecoin Price Will Be On DOGE Day

-


A crypto analyst has revealed what to expect from Dogecoin’s (DOGE) price on April 20, which happens to be DOGE day. This analyst’s bullish prediction undoubtedly adds to the excitement as the DOGE community gears up for the special occasion. 

DOGE’s Price To Hit $0.26 On Doge Day

Crypto analyst Myles G mentioned in an X (formerly Twitter) post that price models predict DOGE will reach a minimum price level of $0.26 on April 20. The analyst further revealed that this price prediction would be actualized by “4:20 pm EST.” Myles G added that the “next secret prediction” would be revealed once this target was reached.  

DOGE hitting $0.26 will represent a significant price increase from its current level and looks attainable, considering that the anticipation around Doge Day is expected to provide bullish momentum for the meme coin. Moreover, the Bitcoin Halving could also fall on April 20, with this event likely to cause DOGE and other crypto tokens to record impressive price gains. 

There is also the likelihood that DOGE’s bullish momentum could extend beyond DOGE Day due to Coinbase’s listing of DOGE futures set to take place on April 29. This event is undoubtedly bullish for the meme coin since it could further expand its adoption and cause new money to flow into its ecosystem. 

Meanwhile, although Myles G failed to provide insights into where DOGE’s price may be headed after it hits $0.26, another crypto analyst suggested that the meme coin could rise to as high as $0.40 this month. 

A move of such magnitude will represent more than a 100% price gain for the foremost meme coin just this month. Such a price increase could also help DOGE solidify its spot in the top 10 by market cap, as it faces stiff competition from other crypto tokens below it. 

Bitcoin is now trading at $67.482. Chart: TradingView

Time To Buy DOGE

In a subsequent X post, Myles G reaffirmed his bullishness on DOGE, advising his followers to buy the meme coin and thank him later when they make significant returns. Based on several price predictions, DOGE has the potential to be one of the leading gainers in this bull run, as crypto analysts agree that it could rise to as high as $1.

Crypto analyst Don Alt was among those who predicted that DOGE could rise to that price level. To emphasize his bullishness on the meme coin, he stated that DOGE was a better investment than Bitcoin. As part of his analysis, Don Alt also suggested that the meme coin could rise above $1 and see a further price surge to $2. 

At the time of writing, DOGE is trading at around $0.17, down over 13% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Hepper, chart from TradingView

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Iconic Dogecoin Mascot And Meme Legend Kabosu, A Shiba Inu Dog, Passes Away In Japan

Join Our Telegram channel to stay up to date on breaking news coverage Kabosu, the legendary Shiba Inu dog who became the face of meme...

Why Analysts Are Bullish on SoundHound’s Long-Term Growth Potential

The enthusiasm surrounding SoundHound AI, Inc. (SOUN) is palpable. With solid revenue growth and strategic collaborations underlining its long-term potential, the stock has gained...

May 2024 Newsletter for All Things BitPay & Crypto

Welcome to the latest...

Malta Wants Piece of Artificial Intelligence (AI) Hype

This is not Malta’s first time capitalizing on tech trends but the current wide deployment of AI technology is to tackle existential challenges including...

Most Popular