Is it too early to sell your Dogecoin? One crypto analyst thinks so. Let’s dive into the predictions swirling around this popular meme coin.
Double-Digit Dogecoin?
Trader Tardigrade, a crypto analyst, believes Dogecoin could hit double digits in this bull run. He’s eyeing a profit-taking zone between $10 and $30. He bases this on Dogecoin’s performance during the 2021 bull run, projecting a similar pattern. He suggests securing profits at $10, with his chart hinting at this happening sometime next year (though no specific date is given). He’s even more bullish in other predictions, suggesting a potential $30 by March 2025 (mirroring the 2021 run) or $8.7 by August 2025 (mirroring the 2016 run).
Other Analyst Opinions
Other analysts have weighed in with varying opinions:
- Ali Martinez: Predicts Dogecoin could reach $23.
- Master Kenobi: Thinks anything above $5 is unrealistic due to market cap limitations.
More Conservative Targets
Analyst Kevin Capital offers a more conservative outlook, with targets based on different performance levels:
- Good Performance: $0.93
- Huge Outperformance: $2.27
- Astronomical Performance: $3.80
He also mentions a range between $1.30 and $1.50 as a key area to watch on his charts. He notes that anything within this range of performance is also possible.
Current Price and Conclusion
Currently, Dogecoin is trading around $0.42, down slightly. While predictions vary wildly, it’s clear that many analysts believe Dogecoin still has significant upside potential, even if they disagree on just how high it might go.
