Top Meme Asset Dogecoin (DOGE) Could Soar to $1, According to Crypto Expert – Here’s the Anticipated Timeline
A renowned crypto analyst believes that Dogecoin (DOGE), the popular meme cryptocurrency, is poised for a significant price surge in the coming weeks. Ali Martinez, an analyst with a following of 50,700 on the social media platform X, suggests that based on historical patterns, DOGE could reach $1 by mid-April. This would represent an impressive increase of nearly 500% from its current price.
After examining Martinez’s chart, it is evident that he predicts DOGE will experience a meteoric rise in the next month or so as it surpasses its range resistance, similar to what occurred in 2017 and 2021. As of now, DOGE is trading at $0.167.
Interestingly, Martinez is not the only analyst foreseeing DOGE reaching the $1 mark. Altcoin Sherpa, a pseudonymous analyst with a following of 209,800 on social media, believes that DOGE could achieve this milestone with the support of its biggest advocate, billionaire Elon Musk. However, Altcoin Sherpa is less certain about the timeline, indicating that it could happen anytime between now and six months from now. Nevertheless, Altcoin Sherpa views DOGE as a relatively safe trade, considering its strong backing from Elon Musk and its status as the reigning meme cryptocurrency.
Martinez also highlights the positive market sentiment surrounding Fantom (FTM), a potential Ethereum (ETH) competitor. He mentions that there has been a significant increase in whale transactions, an uptick in FTM whale holdings, and a decrease in FTM balances on exchanges. Currently, FTM is trading at $0.828.
In conclusion, there are high expectations for Dogecoin’s future performance, with predictions of a potential rise to $1. Additionally, Fantom is experiencing favorable market sentiment, with indicators pointing towards its growing prominence as an Ethereum challenger.
Source: Ali Martinez/X