In contrast to Shiba Inu (SHIB), its top meme coin competitor which has seen impressive gains recently, Dogecoin has experienced substantial price declines that have left a few investors no choice but to liquidate their holdings. Amidst this bearish trend, a crypto analyst, identified as CEO’ on X (formerly Twitter) has rekindled optimism among Dogecoin community members with a new bullish prediction for the cryptocurrency.
Achieving this ambitious milestone would require the king of meme coins to surge approximately 18,362% from its current price — an extraordinary leap that would likely occur during periods of intense demand and bullish sentiments typically seen during strong bull markets. In addition to this, a $24 price surge for Dogecoin would also require its market capitalization to reach trillions of dollars.
Nevertheless, he expressed strong confidence in this prediction, asserting that Dogecoin skeptics will be proven wrong when the meme coin reaches this milestone. With Dogecoin’s price presently trading at $0.13, it’s understandable why many investors would be skeptical of the meme coin reaching a $24 price target.
The story "Dogecoin Price To $24? Analyst Says No One Will Believe It Until It Happens" has 476 words across 63 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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