Dogecoin Fails To Follow Bitcoin’s Recent Uptick: Is A New ATH Still Feasible This Cycle?

Quick Summary:

At some point, the price correlation between the Dogecoin price and that of Bitcoin was at 0.97.  Related Reading: Travala (AVA) Rally: Binance Early Bet And CZ’s Nod Drive 300% Growth Interestingly, recent market movements have seen the Bitcoin price returning above the $100,000 price level again, with the leading cryptocurrency reaching as high as 102,700 in the past 24 hours.

For Dogecoin to surpass its 2021 high, a similar wave of enthusiasm would need to emerge with significant trading volume and renewed interest from both retail and institutional investors.  Related Reading: Expert Eyes $35 XRP Price, Says Holders To Become Filthy Rich’ As 2024 comes to an end, a more plausible scenario for Dogecoin to reach new highs might emerge in early 2025.

Market analysts have provided different predictions regarding the possibility and timelines of the Dogecoin price to achieve a new all-time high in the current cycle.ogecoin last reached its peak price of $0.73 during the crypto bull run of May 2021.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Cryptocurrency Market News Crypto Doge Meme coins Altcoins Dogecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-15 @ 18:00:23 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 24420036

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