{"id":650009,"date":"2024-10-27T04:00:56","date_gmt":"2024-10-27T04:00:56","guid":{"rendered":"https:\/\/uniquehot.com\/?p=650009"},"modified":"2024-10-26T12:58:42","modified_gmt":"2024-10-26T12:58:42","slug":"dogecoin-price-to-24-analyst-says-no-one-will-believe-it-until-it-happens","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin-price-to-24-analyst-says-no-one-will-believe-it-until-it-happens\/","title":{"rendered":"Dogecoin Price To $24? Analyst Says No One Will Believe It Until It Happens"},"content":{"rendered":"<p><span style=\"font-weight: 400\">A crypto analyst has forecasted a massive <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-2025-clock-10\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">price surge for Dogecoin (DOGE),<\/span><\/a><span style=\"font-weight: 400\"> predicting that the king of meme coins will hit a whopping $24 in the near term. While this price target may seem ambitious with <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-analyst-predicts-dogecoin-price-will-hit-1-if-this-happens\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Dogecoin currently trading below $1<\/span><\/a><span style=\"font-weight: 400\">, the analyst has remained confident, indicating that a surge to this target would shock skeptics.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/shiba-inu-inflows-soar-555-in-3-months-will-the-momentum-continue\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Inflows Soar 555% In 3 Months \u2013 Will The Momentum Continue?<\/a><\/div>\n<h2><b>Dogecoin Eyes $24 Price Target\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The Dogecoin price has been trading below $1 for years now, experiencing significant price fluctuations as it<\/span><a href=\"https:\/\/x.com\/bigcheds\/status\/55657926?s=46\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\"> attempts<\/span><\/a><span style=\"font-weight: 400\"> to break out of key resistance levels and move past current bearish positions. In contrast to Shiba Inu (SHIB), its top meme coin competitor which has <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-bullish-on-chain-watch-social-media-fomo\/amp\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">seen impressive gains <\/span><\/a><span style=\"font-weight: 400\">recently, Dogecoin has experienced substantial price declines that have left a few investors no choice but to<\/span><a href=\"https:\/\/x.com\/krisspax\/status\/79860427?s=46\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\"> liquidate<\/span><\/a><span style=\"font-weight: 400\"> their holdings.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Amidst this bearish trend, a crypto analyst, identified as \u2018CEO\u2019 on X (formerly Twitter) has rekindled optimism among <\/span><a href=\"https:\/\/bitcoinist.com\/elon-musk-latest-post-dogecoin-community-frenzy\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Dogecoin community members<\/span><\/a><span style=\"font-weight: 400\"> with a new bullish prediction for the cryptocurrency. The analyst has<\/span><a href=\"https:\/\/x.com\/investments_ceo\/status\/05417177?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\"> shared<\/span><\/a><span style=\"font-weight: 400\"> what he describes as the \u201cultimate Dogecoin chart,\u201d where he projects that the meme coin could reach $24 soon.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-650010\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_8221dd.png?resize=669%2C373\" alt=\"\" width=\"669\" height=\"373\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_8221dd.png?w=669 669w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_8221dd.png?w=460 460w\" sizes=\"(max-width: 669px) 100vw, 669px\"><\/p>\n<p><span style=\"font-weight: 400\">In the Dogecoin chart, the analyst disclosed the cryptocurrency\u2019s <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-replicates-2020\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">past price movements<\/span><\/a><span style=\"font-weight: 400\">, highlighting two instances where the meme coin experienced prolonged bearish trends before breaking out into a massive price surge. Based on Dogecoin\u2019s current price action it seems the meme coin is displaying similar historical conditions that suggest that a <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-prediction-target\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">bull rally might be imminent<\/span><\/a><span style=\"font-weight: 400\">. <\/span><span style=\"font-weight: 400\">And according to the CEO, this potential bull rally could see DOGE hitting $24.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/LsCgUgN6\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">DOGE market cap currently at $19.7 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2><b>Is A $24 Dogecoin Price Increase Possible?\u00a0\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Given how lofty a $24 price for Dogecoin might seem, the CEO has acknowledged that many people would doubt such a bullish outcome. Nevertheless, he expressed strong confidence in this prediction, asserting that Dogecoin skeptics will be proven wrong when the meme coin reaches this milestone.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With <\/span><a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/crypto-analyst-predicts-dogecoin-will-surge-1000-past-ath-price-targets-revealed\/amp\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Dogecoin\u2019s price<\/span><\/a><span style=\"font-weight: 400\"> presently trading at $0.13, it\u2019s understandable why many investors would be skeptical of the meme coin reaching a $24 price target. Achieving this ambitious milestone would require the king of meme coins to surge approximately 18,362% from its current price \u2014 an extraordinary leap that would likely occur during periods of intense demand and bullish sentiments typically seen during <\/span><a href=\"https:\/\/uniquehot.com\/news\/company\/crypto-market-prepares-for-massive-bull-run-following-u-s-presidential-election-results\/amp\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">strong bull markets<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In addition to this, a $24 price surge for Dogecoin would also require its market capitalization to reach trillions of dollars. As of writing, Dogecoin\u2019s market cap sits at $19.6 billion, meaning it would need to surpass <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-market-cap-reaches-1-35-trillion\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Bitcoin\u2019s market capitalization<\/span><\/a><span style=\"font-weight: 400\"> which is currently $1.3 trillion to hit this price level.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/against-all-odds-solana-sol-rockets-to-176-in-3-month-push\/\" target=\"_blank\" rel=\"noopener \">Against All Odds: Solana (SOL) Breaks Past $176 In 3-Month Push<\/a><\/div>\n<p><span style=\"font-weight: 400\">Data from CoinMarketCap shows that the Dogecoin price has experienced a 6.41% decrease over the past seven days and another 4.37% decline in the last 24 hours. The cryptocurrency is currently trading at $0.134, with derivatives<\/span><a href=\"https:\/\/www.coinglass.com\/currencies\/DOGE\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\"> data<\/span><\/a><span style=\"font-weight: 400\"> from Coinglass showing that the <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-open-interest-rise-with-34-day-price-peak\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">meme coin\u2019s open interest<\/span><\/a><span style=\"font-weight: 400\"> is down by 9.65% but also up by 24.2% in terms of trading volume.\u00a0<\/span><\/p>\n<p><em>Featured image from Newsweek, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A crypto analyst has forecasted a massive price surge for Dogecoin (DOGE), predicting that the king of meme coins will hit a whopping $24 in the near term. While this price target may seem ambitious with Dogecoin currently trading below $1, the analyst has remained confident, indicating that a surge to this target would shock skeptics.\u00a0 Related Reading: Shiba Inu Inflows Soar 555% In 3 Months \u2013 Will The Momentum Continue? Dogecoin Eyes $24 Price Target\u00a0 The Dogecoin price has been trading below $1 for years now, experiencing significant price fluctuations as it attempts to break out of key resistance levels and move past current bearish positions. In contrast to Shiba Inu (SHIB), its top meme coin competitor which has seen impressive gains recently, Dogecoin has experienced substantial price declines that have left a few investors no choice but to liquidate their holdings.\u00a0 Amidst this bearish trend, a crypto analyst, identified as \u2018CEO\u2019 on X (formerly Twitter) has rekindled optimism among Dogecoin community members with a new bullish prediction for the cryptocurrency. The analyst has shared what he describes as the \u201cultimate Dogecoin chart,\u201d where he projects that the meme coin could reach $24 soon. In the Dogecoin chart, the analyst disclosed the cryptocurrency\u2019s past price movements, highlighting two instances where the meme coin experienced prolonged bearish trends before breaking out into a massive price surge. Based on Dogecoin\u2019s current price action it seems the meme coin is displaying similar historical conditions that suggest that a bull rally might be imminent. And according to the CEO, this potential bull rally could see DOGE hitting $24.\u00a0 Is A $24 Dogecoin Price Increase Possible?\u00a0\u00a0 Given how lofty a $24 price for Dogecoin might seem, the CEO has acknowledged that many people would doubt such a bullish outcome. Nevertheless, he expressed strong confidence in this prediction, asserting that Dogecoin skeptics will be proven wrong when the meme coin reaches this milestone.\u00a0 With Dogecoin\u2019s price presently trading at $0.13, it\u2019s understandable why many investors would be skeptical of the meme coin reaching a $24 price target. Achieving this ambitious milestone would require the king of meme coins to surge approximately 18,362% from its current price \u2014 an extraordinary leap that would likely occur during periods of intense demand and bullish sentiments typically seen during strong bull markets.\u00a0 In addition to this, a $24 price surge for Dogecoin would also require its market capitalization to reach trillions of dollars. As of writing, Dogecoin\u2019s market cap sits at $19.6 billion, meaning it would need to surpass Bitcoin\u2019s market capitalization which is currently $1.3 trillion to hit this price level.\u00a0 Related Reading: Against All Odds: Solana (SOL) Breaks Past $176 In 3-Month Push Data from CoinMarketCap shows that the Dogecoin price has experienced a 6.41% decrease over the past seven days and another 4.37% decline in the last 24 hours. The cryptocurrency is currently trading at $0.134, with derivatives data from Coinglass showing that the meme coin\u2019s open interest is down by 9.65% but also up by 24.2% in terms of trading volume.\u00a0 Featured image from Newsweek, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":650013,"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":[142,6664,1785,7,83767],"class_list":["post-650009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-doge","tag-dogecoin","tag-meme-coins"],"acf":[],"yoast_head":"\n<title>Dogecoin To $24? 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