{"id":30650,"date":"2024-03-26T00:26:52","date_gmt":"2024-03-26T00:26:52","guid":{"rendered":"https:\/\/icoinmarket.com\/can-doge-reach-1-this-bull-run\/"},"modified":"2024-03-26T00:26:52","modified_gmt":"2024-03-26T00:26:52","slug":"can-doge-reach-1-this-bull-run","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/can-doge-reach-1-this-bull-run\/","title":{"rendered":"Can DOGE Reach $1 This Bull Run?"},"content":{"rendered":"
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Could DOGE tokens pump 500% in 2024 to $1?<\/p>\n
Dogecoin more than doubled in price at the end of February. After trading around the $0.08 level since the start of January, DOGE exploded to $0.18 by Mar. 4.<\/p>\n
The proof-of-work meme coin, an indirect 2015 blockchain fork off of the original Satoshi Bitcoin chain, retraced from $0.18 a token on Mar. 4 to $0.13 by Mar. 19. After that, the price recovered back to $0.18 by Mar. 24.<\/p>\n
So, which way will the 9th largest cryptocurrency by market cap go next?<\/p>\n
Crypto analyst DonAlt, with over 530K followers on X, said in a recent YouTube update that \u201cit isn\u2019t too unlikely for Dogecoin to go to $1,\u201d based on the way it is trading against Bitcoin.<\/p>\n
DonAlt is the host of the cryptocurrency investing YouTube channel TechnicalRoundup. On a recent episode of the show uploaded Thursday, the popular technical analyst for altcoin markets said:<\/p>\n
\n\u201cThe reason why I found DOGE interesting is because it kind of dipped back into support on the BTC chart.\u201d<\/p>\n<\/blockquote>\n
The exciting Dogecoin price prediction has more to it than merely howling at the moon. The technical analyst perfectly called the 2022 bottom a little over a year ago.<\/p>\n<\/p>\n
DOGE Is A PoW and Meme Coin<\/h2>\n
Once \u201cthe poster child of extreme market exuberance\u201d during the 2021 Bitcoin halving rally, Dogecoin remains a highly sought-after digital asset, mostly because of its social clout.<\/p>\n
That proof-of-work aspect could help the crypto avoid being labeled a security and keep it more decentralized than proof-of-stake DeFi cryptos. As the original meme coin, Doge also does very well when meme coins do, especially when the many dog-based competitors rally.<\/p>\n
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