{"id":626231,"date":"2024-06-25T08:00:21","date_gmt":"2024-06-25T08:00:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=626231"},"modified":"2024-07-10T10:22:12","modified_gmt":"2024-07-10T10:22:12","slug":"dont-fret-the-doge-dip-analyst-predicts-big-rebound-to-2","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dont-fret-the-doge-dip-analyst-predicts-big-rebound-to-2\/","title":{"rendered":"Don&#8217;t Fret The DOGE Dip: Analyst Predicts Big Rebound To $2"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:66\">Recent developments have rocked the bitcoin market; Bitcoin leads the drop and pulls numerous altcoins down as well. Though often written off as a joke, Dogecoin (DOGE) has shocked several analysts with its relative steadiness amid the crisis.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/solana-slides-15-can-it-recover-despite-analysts-1000-prediction\/\" target=\"_blank\" rel=\"noopener \">Solana Slides 13% \u2013 Can It Recover Despite Analyst\u2019s $1,000 Prediction?<\/a><\/div>\n<h2 data-sourcepos=\"5:1-5:35\"><strong>DOGE Holds On While Others Fall<\/strong><\/h2>\n<p data-sourcepos=\"7:1-7:86\"><span id=\"input-sentence~1\">While well-known players like Bitcoin and Ethereum have witnessed notable price declines, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\" rel=\"nofollow\">Dogecoin<\/a> has been able to keep support. With some experts cautiously hopeful, this surprising resilience has spurred discussions about the direction of DOGE.<\/span><span id=\"input-sentence~2\"><br \/>\n<\/span><\/p>\n<h2 data-sourcepos=\"9:1-9:25\"><strong>Analyst Predictions And Community Sentiment<\/strong><\/h2>\n<p data-sourcepos=\"11:1-11:363\">Analyst forecasts drive this cautious optimism; figures like Crypto Patel say DOGE may have a buying opportunity from the present price adjustment.<\/p>\n<p data-sourcepos=\"11:1-11:363\"><span id=\"input-sentence~2\">Patel&#8217;s study shows DOGE&#8217;s relative stability during the recent market slump, therefore placing it perhaps for future expansion against other altcoins that dropped more steeply.<\/span><span id=\"input-sentence~3\"><br \/>\n<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/DOGECOIN?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#DOGECOIN<\/a> Chart Update \ud83d\ude80<\/p>\n<p>Down before the big pump<a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$DOGE<\/a> best accumulation zone:<br \/>\n$0.1-$0.07. I&#8217;m targeting $1 and $2 in the long term.<\/p>\n<p>To those who&#8217;ve held for the last 6 years, your profit is 6900x at ATH and the current ROI is still 1150x.<\/p>\n<p>Reminder: I never suggest\u2026 <a href=\"https:\/\/t.co\/bXT63iQb8V\" rel=\"nofollow\">pic.twitter.com\/bXT63iQb8V<\/a><\/p>\n<p>\u2014 Crypto Patel (@CryptoPatel) <a href=\"https:\/\/twitter.com\/CryptoPatel\/status\/96331645?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 24, 2024<\/a><\/p><\/blockquote>\n<p data-sourcepos=\"13:1-13:278\"><span id=\"input-sentence~4\">Patel has proposed a <a href=\"https:\/\/x.com\/CryptoPatel\/status\/96331645\" rel=\"nofollow\">&#8220;accumulation zone&#8221;<\/a> for DOGE between $0.07 and $0.10, therefore implying a possible long-term price goal much higher. Based on his projection, DOGE might eventually climb to $1 or maybe $2.<\/span><span id=\"input-sentence~5\"><br \/>\n<\/span><\/p>\n<p data-sourcepos=\"13:1-13:278\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-626234\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_c02ab0.png?resize=1024%2C478\" alt=\"\" width=\"1024\" height=\"478\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_c02ab0.png?w=1546 1546w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_c02ab0.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_c02ab0.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_c02ab0.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_c02ab0.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_c02ab0.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/A_c02ab0.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p data-sourcepos=\"15:1-15:32\"><span id=\"input-sentence~5\">Through social media campaigns and fervent buying frenzy, the driven &#8220;Doge Army&#8221; has a history of raising prices. Positive analyst views like Patel&#8217;s could inspire renewed community interest that could drive a spike in trading activity and maybe cause the price to rise.<\/span><span id=\"input-sentence~6\"><br \/>\n<\/span><\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/657Rlhdn\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">DOGE market cap at $17.7 billion on the daily chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h3 data-sourcepos=\"17:1-17:35\"><strong>The Challenge Of Sustainability<\/strong><\/h3>\n<p data-sourcepos=\"19:1-19:294\"><span id=\"input-sentence~6\">The long-term sustainability of Dogecoin still begs questions. Although memecoins are naturally fluctuating, their value is more typically related with hype and social media trends than with actual usefulness.<\/span><span id=\"input-sentence~7\"> Although a temporary pump is definitely feasible, long-term success depends on elements outside community excitement.<br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-takes-a-beating-another-630-million-exits-price-drops-lower\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Takes A Beating: Another $630 Million Exits, Price Drops Lower<\/a><\/div>\n<p data-sourcepos=\"21:1-21:311\"><span id=\"input-sentence~7\">Widespread acceptance and practical applications are what Dogecoin needs to really become established.<\/span><span id=\"input-sentence~8\"> Progress has been slow even as engineers work on enhancements like the &#8220;Dogechain&#8221; scaling solution. If DOGE is to have long-lasting success, constant growth and interaction with main platforms will be absolutely vital.<br \/>\n<\/span><\/p>\n<h3 data-sourcepos=\"23:1-23:27\"><strong>The Road Ahead For DOGE<\/strong><\/h3>\n<p data-sourcepos=\"25:1-25:53\">Dogecoin will depend critically on the next months. Will it find a niche in the always changing bitcoin scene using its recent resiliency and community support? Alternatively will memecoins&#8217; natural volatility finally cause them to fade?<\/p>\n<p data-sourcepos=\"25:1-25:53\"><em>Featured image from Sports Illustrated Vault, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent developments have rocked the bitcoin market; Bitcoin leads the drop and pulls numerous altcoins down as well. Though often written off as a joke, Dogecoin (DOGE) has shocked several analysts with its relative steadiness amid the crisis. Related Reading: Solana Slides 13% \u2013 Can It Recover Despite Analyst\u2019s $1,000 Prediction? DOGE Holds On While Others Fall While well-known players like Bitcoin and Ethereum have witnessed notable price declines, Dogecoin has been able to keep support. With some experts cautiously hopeful, this surprising resilience has spurred discussions about the direction of DOGE. Analyst Predictions And Community Sentiment Analyst forecasts drive this cautious optimism; figures like Crypto Patel say DOGE may have a buying opportunity from the present price adjustment. Patel&#8217;s study shows DOGE&#8217;s relative stability during the recent market slump, therefore placing it perhaps for future expansion against other altcoins that dropped more steeply. #DOGECOIN Chart Update \ud83d\ude80 Down before the big pump$DOGE best accumulation zone: $0.1-$0.07. I&#8217;m targeting $1 and $2 in the long term. To those who&#8217;ve held for the last 6 years, your profit is 6900x at ATH and the current ROI is still 1150x. Reminder: I never suggest\u2026 pic.twitter.com\/bXT63iQb8V \u2014 Crypto Patel (@CryptoPatel) June 24, 2024 Patel has proposed a &#8220;accumulation zone&#8221; for DOGE between $0.07 and $0.10, therefore implying a possible long-term price goal much higher. Based on his projection, DOGE might eventually climb to $1 or maybe $2. Through social media campaigns and fervent buying frenzy, the driven &#8220;Doge Army&#8221; has a history of raising prices. Positive analyst views like Patel&#8217;s could inspire renewed community interest that could drive a spike in trading activity and maybe cause the price to rise. The Challenge Of Sustainability The long-term sustainability of Dogecoin still begs questions. Although memecoins are naturally fluctuating, their value is more typically related with hype and social media trends than with actual usefulness. Although a temporary pump is definitely feasible, long-term success depends on elements outside community excitement. Related Reading: Bitcoin Takes A Beating: Another $630 Million Exits, Price Drops Lower Widespread acceptance and practical applications are what Dogecoin needs to really become established. Progress has been slow even as engineers work on enhancements like the &#8220;Dogechain&#8221; scaling solution. If DOGE is to have long-lasting success, constant growth and interaction with main platforms will be absolutely vital. The Road Ahead For DOGE Dogecoin will depend critically on the next months. Will it find a niche in the always changing bitcoin scene using its recent resiliency and community support? Alternatively will memecoins&#8217; natural volatility finally cause them to fade? Featured image from Sports Illustrated Vault, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":626240,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,1785,7,85699],"class_list":["post-626231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-doge","tag-dogecoin","tag-memecoin"],"acf":[],"yoast_head":"\n<title>Don&#039;t Fret The DOGE Dip: Analyst Predicts Big Rebound To $1-$2<\/title>\n<meta name=\"description\" content=\"Recent developments have rocked the bitcoin market; Bitcoin leads the drop and pulls numerous altcoins down as well. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Don&#8217;t Fret The DOGE Dip: Analyst Predicts Big Rebound To $2","url":"http:\/\/uniquehot.com\/news\/dont-fret-the-doge-dip-analyst-predicts-big-rebound-to-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dont-fret-the-doge-dip-analyst-predicts-big-rebound-to-2\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_c34030.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/a_c34030.jpg?fit=1200%2C900"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","doge","dogecoin","memecoin"],"dateCreated":"2024-06-25T08:00:21Z","datePublished":"2024-06-25T08:00:21Z","dateModified":"2024-07-10T10:22:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Don&#8217;t Fret The DOGE Dip: Analyst Predicts Big Rebound To $2\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dont-fret-the-doge-dip-analyst-predicts-big-rebound-to-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dont-fret-the-doge-dip-analyst-predicts-big-rebound-to-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_c34030.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_c34030.jpg?fit=1200%2C900\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"doge\",\"dogecoin\",\"memecoin\"],\"dateCreated\":\"2024-06-25T08:00:21Z\",\"datePublished\":\"2024-06-25T08:00:21Z\",\"dateModified\":\"2024-07-10T10:22:12Z\"}<\/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\/2024\/06\/a_c34030.jpg?fit=1200%2C900","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/626231","targetHints":{"allow":["GET"]}}],"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\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=626231"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/626231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/626240"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=626231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=626231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=626231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}