Analyst Crypto Universe has predicted that the Dogecoin price will enjoy a gain of over 100% as it rises to $0.37. While the prediction undoubtedly looks feasible, the timeline for which he said this would happen is what caught the crypto community’s attention.
When The Dogecoin Price Will Reach $0.37
Crypto Universe stated in an X post that the Dogecoin price will reach $0.37 in the next two weeks, surging by over 100% from its current price. This price surge will be a major boost for DOGE, as it will mark a new yearly high for the foremost meme coin and could pave the way for the run to the current ATH of $0.73.
In response to some of his followers, Crypto Universe also provided insights into how the Dogecoin price could run to a new ATH. First, he stated there was no point in selling the meme coin when it reached $0.37, as that is selling “early.” He envisages a price pullback thanks to the November 5 US elections.
Once the price retest is done, the analyst predicts that the Dogecoin price will rally to $1 thereafter, marking a new ATH for the foremost meme coin. Crypto Universe doesn’t believe that $1 will be the market top for DOGE, as he added that Dogecoin could reach $4.2.
A surge to $4.2 for the Dogecoin price from its current price represents a gain of almost 2,900%. This can be said to be an ambitious target. However, Dogecoin investors are again optimistic about DOGE’s potential, especially with the world’s richest man, Elon Musk, back to shilling the foremost meme coin.
Dogecoin was one of the biggest gainers among the top 100 coins by market cap last week, with a price gain of over 30%. Last week’s price rally was largely thanks to Musk, who drew attention to the meme coin with a couple of ‘D.O.G.E’ mentions, including at a Pennsylvania town hall meeting.
DOGE Is Ready For Takeoff
Self-proclaimed “Dogecoin lead analyst on X,” Kevin Capital, indicated in an X post that the Dogecoin price was ready for takeoff to the moon. He revealed that the 2-week money flow on DOGE just crossed green for only the third time in history. According to him, the last two times this happened were in March 2021 and November 2017.
Those periods marked the final legs of the last two Dogecoin bull cycles as the meme coin reached new highs after that period. In 2021, The Dogecoin price rallied around March 2021 to reach its current ATH of $0.73 in May 2021.
At the time of writing, the Dogecoin price is trading at around $0.148, up almost 5% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com