Dogecoin’s price has been a bit of a rollercoaster lately. After a recent dip below $0.27, it’s bounced back above $0.30. But what’s next for the meme coin?
A Possible Price Dip and Then a Rocket Launch?
Crypto analyst Master Kenobi has a pretty interesting take. He thinks Dogecoin might see a slow decline until mid-April, potentially bottoming out around $0.175. That’s a significant drop, wiping out much of its recent gains.
However, Kenobi’s prediction doesn’t end there. He suggests a massive upswing could start around May 5th, potentially peaking in mid-August. This rally, he believes, could even push Dogecoin above its all-time high of $0.74, possibly reaching over $1 by August 18th.
A Controversial Outlook
Kenobi’s prediction is certainly bold, especially the initial downward phase. It goes against the current sentiment among many Dogecoin investors and analysts who are generally more bullish in the short term. He stresses that this is pure speculation, stating, “Not saying it will happen, but it caught my eye, and I thought I’d share it with you too.”
Other Analysts Remain Bullish
While Kenobi’s prediction is unique, other analysts hold a more optimistic view. Many believe Dogecoin will resume its upward trend soon, possibly before the end of 2024 or early 2025. Some even predict Dogecoin could reach $10! This bullish sentiment suggests a wide range of possible outcomes for Dogecoin’s price.
