{"id":558396,"date":"2023-10-31T14:00:39","date_gmt":"2023-10-31T14:00:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=558396"},"modified":"2023-10-31T11:57:18","modified_gmt":"2023-10-31T11:57:18","slug":"dogecoin-meteoric-37500-26","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-meteoric-37500-26\/","title":{"rendered":"Trader Who Bought Dogecoin In 2017 Maps Out Meteoric 37500% Rise To $26"},"content":{"rendered":"

Dogecoin still boasts one of the most active following of any cryptocurrency and the community\u2019s involvement has been one of the most bullish use cases for it. One community member, who bought the meme coin over five years ago, has come forward to explain why they still hold the coin with expectations for where the DOGE price<\/a> is headed.<\/p>\n

Dogecoin Price Rise To $26<\/h2>\n

The trader first posted a chart to TradingView in September outlining why they believe that the Dogecoin price would see such a meteoric rise. According to the trader who goes by John Burr, he had been holding the altcoin for a long time after initially getting into it in 2017.<\/p>\n

Related Reading: Solo Bitcoin Miner Snags $200,000 Block Reward, How Did They Do It?<\/a><\/div>\n

Going forward, the trader had seen the meteoric rise<\/a> of Dogecoin through 2017 and 2018, and then again through 2021, sitting on a profitable bag since then. However, the trader is convinced that there is more to come as he says, \u201cI am waiting the bullish wave again.\u201d<\/p>\n

The chart shared by Burr starts out at the $0.0615 level and then shows a similar bounce to the 2020-2021 rally. This bounce in the chart puts the DOGE price<\/a> at an initial price target of $0.7, effectively returning it back to its previous all-time high levels. However, it doesn\u2019t end there because another bounce takes place to take DOGE<\/a> all the way to the $27 mark.<\/p>\n

\"XRP<\/p>\n

Source: Tradingview.com<\/a><\/pre>\n
In total, the cumulation of the rally would see Dogecoin rally more than 37,500% to reach this level. This could easily rival the 2021 price jump and mark two mega pumps in the history of the coin.<\/p>\n
Explaining his reasoning, the trader said:<\/p>\n
\n
When I have a conversation about securities with my buddies, the conversation typically involves action-forcing events that trigger pumps and dumps. All of this is noise because we are talking about what happens on a daily interval. When I zoom out, none of the bear arguments matter, valid or not.<\/p>\n<\/blockquote>\n
Explaining The Pattern Behind The Rally<\/h2>\n
The trader points to an M pattern in the chart that backs up this forecast. This has appeared before when the price starts to rise before falling back down. But then as the trader points out, the altcoin goes on to form a W pattern which cements the bull rally.<\/p>\n
Related Reading: 19,197 BTC Makes Its Way Out Of Binance, Trigger For Bitcoin Recovery?<\/a><\/div>\n
One thing that was missing from this analysis, however, is what the trader referred to as \u201cTHE DIP\u201d. Apparently, this is a dip in DOGE price<\/a> that comes once the W pattern forms. At the time, Burr was unsure if this dip had happened, saying, \u201cI can’t tell if we have experienced that Dip recently or if there is a big Dip coming soon. Whichever the case, I see the next bullish wave coming. And I am not going to get shaken out if the Dip does come.\u201d<\/p>\n
However, on October 31, Burr updated his analysis to include a confirmation of the dip. \u201cI am now comfortable to say that “THE DIP” has passed. I expect generally sideway action until December 2023,\u201d the trader said. \u201cThen I expect the bull run to last throughout the year until December of 2024.\u201d<\/p>\n
\"DogecoinDOGE price settles at $0.07 | Source: DOGEUSD On Tradingview.com<\/a><\/pre>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Dogecoin still boasts one of the most active following of any cryptocurrency and the community\u2019s involvement has been one of the most bullish use cases for it. One community member, who bought the meme coin over five years ago, has come forward to explain why they still hold the coin with expectations for where the DOGE price is headed. Dogecoin Price Rise To $26 The trader first posted a chart to TradingView in September outlining why they believe that the Dogecoin price would see such a meteoric rise. According to the trader who goes by John Burr, he had been holding the altcoin for a long time after initially getting into it in 2017. Related Reading: Solo Bitcoin Miner Snags $200,000 Block Reward, How Did They Do It? Going forward, the trader had seen the meteoric rise of Dogecoin through 2017 and 2018, and then again through 2021, sitting on a profitable bag since then. However, the trader is convinced that there is more to come as he says, \u201cI am waiting the bullish wave again.\u201d The chart shared by Burr starts out at the $0.0615 level and then shows a similar bounce to the 2020-2021 rally. This bounce in the chart puts the DOGE price at an initial price target of $0.7, effectively returning it back to its previous all-time high levels. However, it doesn\u2019t end there because another bounce takes place to take DOGE all the way to the $27 mark. Source: Tradingview.com In total, the cumulation of the rally would see Dogecoin rally more than 37,500% to reach this level. This could easily rival the 2021 price jump and mark two mega pumps in the history of the coin. Explaining his reasoning, the trader said: When I have a conversation about securities with my buddies, the conversation typically involves action-forcing events that trigger pumps and dumps. All of this is noise because we are talking about what happens on a daily interval. When I zoom out, none of the bear arguments matter, valid or not. Explaining The Pattern Behind The Rally The trader points to an M pattern in the chart that backs up this forecast. This has appeared before when the price starts to rise before falling back down. But then as the trader points out, the altcoin goes on to form a W pattern which cements the bull rally. Related Reading: 19,197 BTC Makes Its Way Out Of Binance, Trigger For Bitcoin Recovery? One thing that was missing from this analysis, however, is what the trader referred to as \u201cTHE DIP\u201d. Apparently, this is a dip in DOGE price that comes once the W pattern forms. At the time, Burr was unsure if this dip had happened, saying, \u201cI can’t tell if we have experienced that Dip recently or if there is a big Dip coming soon. Whichever the case, I see the next bullish wave coming. And I am not going to get shaken out if the Dip does come.\u201d However, on October 31, Burr updated his analysis to include a confirmation of the dip. \u201cI am now comfortable to say that “THE DIP” has passed. I expect generally sideway action until December 2023,\u201d the trader said. \u201cThen I expect the bull run to last throughout the year until December of 2024.\u201d DOGE price settles at $0.07 | Source: DOGEUSD On Tradingview.com Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":558408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[6664,14690,89756,1785,89174,85675,7,1803,1804,89722,79599,79600],"class_list":["post-558396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-crypto","tag-crypto-news","tag-crypto-trader","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-price-prediction","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nTrader Who Bought Dogecoin In 2017 Maps Out Meteoric 37500% Rise To $26<\/title>\n<meta name=\"description\" content=\"Dogecoin still boasts one of the most active following of any cryptocurrency and the community\u2019s involvement has been very bullish.\" 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Trader Who Bought Dogecoin In 2017 Maps Out Meteoric 37500% Rise To $26","url":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-meteoric-37500-26\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-meteoric-37500-26\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/iStock-1357739626-Small.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/iStock-1357739626-Small.jpeg?fit=320%2C213"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto news","crypto trader","doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogecoin price prediction","dogeusd","dogeusdt"],"dateCreated":"2023-10-31T14:00:39Z","datePublished":"2023-10-31T14:00:39Z","dateModified":"2023-10-31T14:00:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Trader Who Bought Dogecoin In 2017 Maps Out Meteoric 37500% Rise To $26\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-meteoric-37500-26\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin\\\/dogecoin-meteoric-37500-26\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/iStock-1357739626-Small.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/iStock-1357739626-Small.jpeg?fit=320%2C213\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto news\",\"crypto trader\",\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogecoin price prediction\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2023-10-31T14:00:39Z\",\"datePublished\":\"2023-10-31T14:00:39Z\",\"dateModified\":\"2023-10-31T14:00:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/iStock-1357739626-Small.jpeg?fit=320%2C213","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/558396"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=558396"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/558396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/558408"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=558396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=558396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=558396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}