A crypto analyst thinks Dogecoin (DOGE) is looking good and could even hit $0.50. But there’s a catch.
Dogecoin’s Big Problem
The analyst says DOGE’s large market cap could be a problem. People might prefer to invest in smaller memecoins like Pepe (PEPE), Bonk (BONK), and dogwifhat (WIF) because they have more potential for growth.
DOGE’s Future
Despite the potential issue, the analyst believes DOGE will eventually break out and perform well. He thinks it could consolidate around $0.12 for a while before making a move.
The Bottom Line
The analyst is bullish on DOGE, but he thinks its large market cap could limit its upside. He suggests that investors might want to consider other memecoins with more growth potential.
Disclaimer: This is not financial advice. Always do your own research before investing in crypto.
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