Dogecoin (Doge) price has recently attracted the attention of analysts. Experts foresee an increase potential of up to 300 %based on the historical price movements of crypto currency and the interest of corporate investors. However, there are hard fluctuations in the market. Dogecoin is traded for $ 0.2637 with a decrease of 10 %during writing. The 24 -hour transaction volume exceeds $ 4.36 billion. Dogge, which lost 10.94 %in the last 24 hours, has declined by 17 %on a weekly basis and 31 %in long -term strategies.
Can the Dogecoin price exceed $ 1?
Crypto analysts say that Dogecoin’s current market cycle looks like a 2020-2021 bull run. At that time, Dge had made a strong rise after two major corrections. The view that a similar scenario can be experienced again gains strength. Analyst Javon Marx said that the price of Dogecoin may rise to $ 0.6533, which means an increase of more than 80 %than the current level. In addition, if this level is exceeded, the Doge price may increase a rally of 333 %by increasing over $ 1.25. Kevin, another analyst, foresees that Dge follows a similar formation to the price movements in the previous bull market and may be a strong recovery.
The fact that corporate investors start to accumulate Dogecoin increases their trust in long -term expectations. The Canadian -based Blockchain company Neptune Digital Assets acquired 1,000,000 Doge with a strategic derivative purchase on December 27, 2024. The company’s domestic purchase price was at the average level of 0.37 dollars. In addition, Neptune expanded its crypto portfolio and purchased 20 Bitcoin at an average price of $ 99,833. Cale Moodie, CEO of the company, said that they will continue to manage leverage risks while increasing their presence. In addition, another development that increased the interest of corporate investors was the launch of Grayscale’s Dgecoin Trust fund. This fund allows accredited investors to invest in DEGE in a way.
What does historical data say for Dogge?
According to market analysis, Dogecoin moves similarly to previous bull runs. During the 2020-2021 period, Dogge, which recorded a serious rise after two major corrections, is going through a similar process in the current market cycle. According to past data, Dogecoin first entered the bull market after 65 %and 58.18 %decreased. If history repeats, Dogge may be able to reach $ 1.25. Some market observers argue that the price can rise up to $ 4 from an even more optimistic perspective. As a result, the short -term decreases in the price of Dogecoin are worried about investors, but analysts think that Doge has a significant rise potential in the long -term perspective. In the event of an increase in corporate investor interest and past price movements are repeated, there may be a major leap in the price of Dogecoin.
