Dogecoin, the popular meme coin, is seeing some serious action, according to a crypto analyst.
Whales Are Buying
Ali Martinez, a well-known analyst, says that big players, like institutional investors and “whales” (people who own huge amounts of crypto), are snapping up Dogecoin. He noticed a big jump in large Dogecoin transactions, which suggests they’re getting ready for a potential price surge.
Last week, Martinez saw whales buy over $100 million worth of Dogecoin in a single day!
History Repeating Itself?
Martinez thinks Dogecoin could be on the verge of repeating its massive rallies from 2017 and 2020. He sees a familiar pattern in the price chart, which could lead to a big price jump.
He predicts that Dogecoin could soar well above its current all-time high of $0.73, potentially even reaching $2.
Dogecoin is Up
Right now, Dogecoin is trading at $0.113, up over 2% in the last 24 hours.
Important Note: This is just one analyst’s opinion. Don’t invest in anything based on just one person’s prediction. Do your own research and invest responsibly.
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