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Is This The ‘Next Dogecoin’? Top Crypto Analyst Thinks So

NewsBTC LogoNewsBTC11h ago

Is This The ‘Next Dogecoin’? Top Crypto Analyst Thinks So - NewsBTC

Quick Summary:

Comparing this to Dogecoin’s $64 billion market cap, Deutscher highlighted the potential for growth: “Luckycoin is a 1,141x away from Doge, which is a massive discrepancy and, I think, a really powerful shelling point for retail because this is the OG Doge.” Deutscher presented a series of scenarios illustrating Luckycoin’s potential: 5x Increase: Market cap reaches $282 million, representing 0.44% of Dogecoin’s market cap.10x Increase: Achieves 1% of Dogecoin’s market cap at $600 million.20x Increase: Reaches 1.75% of Dogecoin’s market cap at $1.1 billion.

Titled “I Just Found The Next DOGE! [10X Potential… Or More? ],” Deutscher’s video explores the untapped potential of Luckycoin (LKY)—a meme coin that not only predates Dogecoin but was instrumental in its creation.“Dogecoin was originally a fork of a cryptocurrency called Luckycoin, itself a fork of Litecoin,” Deutscher highlighted, referencing Dogecoin’s official website.

Notably, industry insider Crypto Dog hinted at major exchanges mining Luckycoin: “Not naming names, but I know one tier-one exchange is currently accumulating Lucky through LTC merge mining.” Deutscher addressed the discrepancies in Luckycoin’s market capitalization reported on platforms like CoinMarketCap and CoinGecko, which list it around $100 million.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 08:05:36 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 1017 words

Reading Time: 6 minutes read

Sentences: 91 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23819149

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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