Crypto analyst Glory reveals if Dogecoin price Repeat 68,000% of its legend in this market cycle. Such a run would give the most important meme coins double digits and put their market cap worth trillions of dollars.
What will happen if Dogecoin Price repeats its historic operation
exist X PostsGlory said if its historical runs are repeated from $0.001 to $0.74, Dogecoin will be priced at about $36 and its market cap will be above $5 trillion, resulting in 68,000% gains. She suggested that such large-scale runs cannot be ruled out, no one saw them Bitcoin Price Up to $100,000.
According to Doge’s current circular supply, if it reaches $36, Dogecoin will be priced at $5.37 trillion. Meanwhile, the total crypto market’s market value is only $3 trillion. Given what the market value of the meme coins are, it is almost impossible to repeat this historic run.
However, crypto analysts such as Dogecital predict that Dogecoin’s price could hit its $36 target, or even higher. In one of his recent X posts, DogeCapital’s analysis It shows that by October this year, the meme coin can reach $69. He noted that this would mark the top of Dogecoin’s loop.
He also discussed the top of the cycle Bull runs in 2017 and 2021. Among the 2017 Bull Runs, the early and late tops of 2017 and 2018, respectively. Meanwhile, in 2021, Dogecoin’s price has only been observed at the top of the early cycle.
Dogecapital noted that there was no early cycle top in the current market cycle, although he added that this could happen in late March. Analysts claim that this leaves the possibility that he expects to happen in October at the top of the late cycle.
Doge is ready to straighten again
Crypto Analyst Trader Tardigrade The recommended price of Dogecoin is ready. He revealed that Doge is repeating the bullish wedge chart pattern, similar to what happened before the last pump on the 4-hour chart. Analysts also noted that the random indicator gradually dips into the oversell area as the Doge approaches the edge of the fallen wedge.
In another X post, Trader Tardigrade suggests it’s time to send Dogecoin price To the third stage of the cow. The chart he accompanied shows that at this stage of the market cycle, the meme coins can reach $6.
At the time of writing, Dogecoin price is trading at about $0.173, down nearly 2% data From CoinMarketCap.
Featured Images from Getty Images, TradingView.com Charts
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