{"id":653852,"date":"2024-11-19T18:30:32","date_gmt":"2024-11-19T18:30:32","guid":{"rendered":"https:\/\/uniquehot.com\/?p=653852"},"modified":"2024-11-19T10:41:22","modified_gmt":"2024-11-19T10:41:22","slug":"dogecoin-eyes-1-milestone-is-a-100-billion-market-cap-next","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin-eyes-1-milestone-is-a-100-billion-market-cap-next\/","title":{"rendered":"Dogecoin Eyes $1 Milestone: Is A $100 Billion Market Cap Next?"},"content":{"rendered":"

The cryptocurrency known for its climb fueled by memes, Dogecoin (DOGE)<\/a>, is slowly approaching crucial price points that can cause a lot of market activity.<\/p>\n

The token, which has regained attention from both casual investors and traders, might be preparing to revisit its all-time high (ATH) of $0.73, a level tied to an ambitious $100 billion market cap.<\/p>\n

Related Reading: XRP Mania On The Rise: ATH Predictions Backed By Solid Google Search Interest<\/a><\/div>\n

Cryptocurrency specialist Master Kenobi is of the opinion that this particular milestone can give a psychological edge not only to the holders of Dogecoin but also to the whole cryptocurrency community at large.<\/span>
\n<\/span><\/p>\n

Dogecoin may use this valuation as an advertising of sorts, reviving interest and attracting new investors to the ecosystem. It is yet unclear if DOGE will be able to overcome its past propensity for short-term consolidation and steer toward a more gradual ascent this time.<\/p>\n

\n

\u2728 #DOGE<\/a> quick UPDATE:<\/p>\n

Have you ever wondered what the #Dogecoin<\/a> chart would look like when scaled to the previous cycle?<\/p>\n

If the price starts moving toward a new level now, the first stop would likely be the ATH, a zone that coincides with a market cap of approximately $100B.\u2026 https:\/\/t.co\/uuRPgGjcuw<\/a> pic.twitter.com\/IlG0e80ZZ2<\/a><\/p>\n

\u2014 Master Kenobi (@btc_MasterPlan) November 17, 2024<\/a><\/p><\/blockquote>\n

\"\"<\/p>\n

Is It A Surge Or Stagnation?<\/h2>\n

Two different possibilities are emerging, according to analysts, as DOGE moves closer to these critical zones. According to the first scenario, there may be a low-volatility phase of stasis followed by an explosive breakout. Before a retreat happens, a surge like this might drive DOGE’s price toward the desired $1 level or perhaps higher, aiming for a range of $1.2 to $1.3.<\/p>\n

The second scenario suggests a quicker rise fueled by strong momentum, breaking through resistance levels without a prolonged pause. For now, the 43.14% price volatility recorded in the past 30 days serves as a reminder of Dogecoin\u2019s unpredictable nature, even during bullish cycles.<\/span>
\n<\/span><\/p>\n

\"\"
DOGE market cap currently at $56.5 billion. Chart: TradingView.com<\/a><\/figcaption><\/figure>\n

A Bullish Market With Cautionary Notes<\/h2>\n

The picture painted by market indicators is conflicting but generally positive. Dogecoin has shown resiliency and investor trust by achieving green days on 63% of the previous month.<\/p>\n

The Fear & Greed Index<\/a>, which states a reading of 90, indicates growing enthusiasm. However, CoinCodex has already predicted a possible decline<\/a> in price by 7.63% by December.<\/p>\n

\"\"
Source: CoinCodex<\/a><\/figcaption><\/figure>\n

This prognosis emphasizes the need for caution rather than undermining the current bullish mood. While long-term holders should balance the risks of volatility against the possibility of significant rewards, short-term traders may discover opportunities during times of consolidation or declines.<\/p>\n

Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike<\/a><\/div>\n

A Crucial Moment For DOGE<\/h3>\n

The success of Dogecoin in navigating significant resistance levels and sustaining market interest will determine if it retests its ATH. Investors must be alert despite the euphoria around its development.<\/p>\n

As DOGE continues to generate headlines and conjecture in the cryptocurrency world, it will be crucial to strike a balance between the excitement of potential new highs and the realities of market swings.<\/p>\n

Featured image from Kurt Pas from Getty Images, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency known for its climb fueled by memes, Dogecoin (DOGE), is slowly approaching crucial price points that can cause a lot of market activity. The token, which has regained attention from both casual investors and traders, might be preparing to revisit its all-time high (ATH) of $0.73, a level tied to an ambitious $100 billion market cap. Related Reading: XRP Mania On The Rise: ATH Predictions Backed By Solid Google Search Interest Cryptocurrency specialist Master Kenobi is of the opinion that this particular milestone can give a psychological edge not only to the holders of Dogecoin but also to the whole cryptocurrency community at large. Dogecoin may use this valuation as an advertising of sorts, reviving interest and attracting new investors to the ecosystem. It is yet unclear if DOGE will be able to overcome its past propensity for short-term consolidation and steer toward a more gradual ascent this time. \u2728 #DOGE quick UPDATE: Have you ever wondered what the #Dogecoin chart would look like when scaled to the previous cycle? If the price starts moving toward a new level now, the first stop would likely be the ATH, a zone that coincides with a market cap of approximately $100B.\u2026 https:\/\/t.co\/uuRPgGjcuw pic.twitter.com\/IlG0e80ZZ2 \u2014 Master Kenobi (@btc_MasterPlan) November 17, 2024 Is It A Surge Or Stagnation? Two different possibilities are emerging, according to analysts, as DOGE moves closer to these critical zones. According to the first scenario, there may be a low-volatility phase of stasis followed by an explosive breakout. Before a retreat happens, a surge like this might drive DOGE’s price toward the desired $1 level or perhaps higher, aiming for a range of $1.2 to $1.3. The second scenario suggests a quicker rise fueled by strong momentum, breaking through resistance levels without a prolonged pause. For now, the 43.14% price volatility recorded in the past 30 days serves as a reminder of Dogecoin\u2019s unpredictable nature, even during bullish cycles. A Bullish Market With Cautionary Notes The picture painted by market indicators is conflicting but generally positive. Dogecoin has shown resiliency and investor trust by achieving green days on 63% of the previous month. The Fear & Greed Index, which states a reading of 90, indicates growing enthusiasm. However, CoinCodex has already predicted a possible decline in price by 7.63% by December. This prognosis emphasizes the need for caution rather than undermining the current bullish mood. While long-term holders should balance the risks of volatility against the possibility of significant rewards, short-term traders may discover opportunities during times of consolidation or declines. Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike A Crucial Moment For DOGE The success of Dogecoin in navigating significant resistance levels and sustaining market interest will determine if it retests its ATH. Investors must be alert despite the euphoria around its development. As DOGE continues to generate headlines and conjecture in the cryptocurrency world, it will be crucial to strike a balance between the excitement of potential new highs and the realities of market swings. Featured image from Kurt Pas from Getty Images, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":653861,"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":[142,6664,1785,7,85699],"class_list":["post-653852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-doge","tag-dogecoin","tag-memecoin"],"acf":[],"yoast_head":"\nDogecoin Eyes $1 Milestone: Is A $100 Billion Market Cap Next?<\/title>\n<meta name=\"description\" content=\"The cryptocurrency known for its climb fueled by memes, Dogecoin (DOGE), is slowly approaching crucial price points that can cause a lot of market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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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":"Dogecoin Eyes $1 Milestone: Is A $100 Billion Market Cap Next?","url":"http:\/\/uniquehot.com\/news\/dogecoin-eyes-1-milestone-is-a-100-billion-market-cap-next\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/dogecoin-eyes-1-milestone-is-a-100-billion-market-cap-next\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_bdbcdc.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_bdbcdc.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":["altcoins","crypto","doge","dogecoin","memecoin"],"dateCreated":"2024-11-19T18:30:32Z","datePublished":"2024-11-19T18:30:32Z","dateModified":"2024-11-19T18:30:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Eyes $1 Milestone: Is A $100 Billion Market Cap Next?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin-eyes-1-milestone-is-a-100-billion-market-cap-next\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/dogecoin-eyes-1-milestone-is-a-100-billion-market-cap-next\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/a_bdbcdc.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/a_bdbcdc.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\":[\"altcoins\",\"crypto\",\"doge\",\"dogecoin\",\"memecoin\"],\"dateCreated\":\"2024-11-19T18:30:32Z\",\"datePublished\":\"2024-11-19T18:30:32Z\",\"dateModified\":\"2024-11-19T18:30:32Z\"}<\/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\/11\/a_bdbcdc.jpg?fit=1200%2C900","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/653852","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=653852"}],"version-history":[{"count":4,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/653852\/revisions"}],"predecessor-version":[{"id":653871,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/653852\/revisions\/653871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/653861"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=653852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=653852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=653852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}