Dogecoin Might See 2x Rally to Reach Beyond $0.2

www.investing.com/analysis/dogecoin-might-see-2x-rally-to-reach-beyond-02-200634000

By Adam gil | Jan 04, 2023 12:57AM ET

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Dogecoin price recently crossed $0.07 with an overall 0.80% increase in last seven days at the time of this writing.

With the beginning of the fresh yearly trade of 2023, dogecoin prices are believed to boost. Here if the bulls re-enter strongly, a significant upswign may lead a notable rebound reclaiming the levels at $0.088 and beyond.

Dogecoin Price Chart

The upcoming trade could be more flourishing as dogecoin gets closer to igniting a notable bull run. The recent price of crossing $0.07 can be considered as a trigger that is believed to have uplifted the price beyond the $0.08 resistance initially and later rise beyond $0.1 and later rise beyond $0.15.

However, only after securing these levels, a major upswing may kick in that may rise the price by more than 40%. As per Coinpedia, an expert of crypto price predictions, the dogecoin price may rise as high as $0.2 soon.

Besides, the Dogecoin ecosystem is working hard to introduce new features like Dogecoin makeover, Libdogecoin, Dogecoin Standard, GigaWallet, etc and many more. Hence, a significant upswing may uplift the dogecoin price soon and dogecoin price prediction is expected to reach the $1 mark by the end of 2029.

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Comments (1)

Johnny Crash Jan 06, 2023 1:21AM ET

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Yeah 2x maybe 15x to $1, the whole world needs doggiecoin. Good thing they're in unlimited supply

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trevor hron Jan 06, 2023 1:21AM ET

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The supply is far from unlimited and probably has lower money velocity than the $USD I think thats what makes DOGE so enticing is the price and the amount of tokens available will really help the price. Especially as it seems to grow more widespread adoption every day. With DOGE in the $.50-$2.00 it makes it extremely easy to use and price point similar to what you would find in Fiat currencies. All these things plus decentralized is going to make this a decent investment and maybe even an outstanding investment with central banks trying to issue their own DC. This would definitely lift all Crypto ships/tokens as a whole with more wide spreead adoption. I would rather buy 100,000 DOGECOIN than 1 BTC

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Dogecoin Might See 2x Rally to Reach Beyond $0.2

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