Dogecoin, the popular meme coin, is seeing a surge in interest. The number of wallets holding DOGE has skyrocketed to 90 million! This shows that more and more people are buying and holding Dogecoin.
Dogecoin’s Price Could Soar
This surge in interest could send Dogecoin’s price to $1. Earlier this year, Dogecoin, along with other meme coins like Shiba Inu, saw huge gains. Now, Dogecoin is on the rise again, with its price increasing by over 12%.
Analysts are Bullish on Dogecoin
Some crypto analysts believe Dogecoin could reach $1 by the end of 2024. They point to the growing number of wallets and the recent price increase as signs of a bullish future.
Obstacles to Overcome
While Dogecoin could see its price climb, it will need to overcome some hurdles. It needs to break through a resistance level around $0.135 before it can really take off. If it can break through this barrier, it could surge to $0.22.
Could Dogecoin Reach an All-Time High?
One analyst predicts that Dogecoin could reach an all-time high by the end of August. This would mean surpassing its previous high of $0.74, which it reached during the 2021 bull run. While it has never reached $1 before, this could be the year it finally happens!
