Dogecoin Worth More than $1 – Analysts Beliefs
Gianni Di Price, the cryptocurrency market analyst, believes that Dogecoin (DOGE) is leading for much higher highs. The president of The Mercator explains that such an increase in the value of the Dogecoin is not surprising and expects even more shortly.
A cryptocurrency financial market analyst says DOGE is creating something new that looks like a bull sign. We should expect new heights if the coin breaks the upper limit. As it is known, Dogecoin recently broke the three-year horizontal variability and thus violated the record. DOGE users have a long way to go – these are the forecasts of analysts.
According to market participants, Dogecoin may continue its trend after the formation of the bull sign. It is suggested that the impact on DOGE will be so significant that its price could rise by $0.30 and cross the benchmark. DOGE fell 0.7% in the last 24 hours.
According to the data, the crypto has recently experienced a significant drop in prices, but the latest statistics give hope. The cost of DOGE has been prevalent among investors in recent days.
Analysts predict that the action of Bitcoin provides a reasonable basis for determining the expected changes in the price of Dogecoin.
The Popularity of Dogecoin
Dogecoin was created in 2013 and from the very beginning became a favorite currency for many. Its popularity can be said to be due to its name and idea. This cryptocurrency was mainly wanted by investors who liked dogs.
Despite his frivolous views, it can be boldly said that the cryptocurrency has withstood the test of time. The reason for this is that it has become more refined, increased and at the same time, it is a currency that does not need active management. When it comes to security, Dogecoin is less secure and decentralized than Bitcoin.
In addition, the stock of Dogecoin is not limited, unlike that of Bitcoin. DOGEis updated from time to time.
Elon Musk has repeatedly expressed his admiration for this cryptocurrency. Through his activity on social media, especially on Twitter, the price of Dogecoin has increased several times.
Despite Muskie’s positive attitude towards Dogecoin, it seems that his priority is another currency. Tesla recently bought $1.5 billion worth of money. Musk is not the only celebrity to support Dogecoin.
It seems that this currency is not losing relevance, and analysts predict an increase in its value shortly.
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