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Trader Predicts Crazy 12x Dogecoin Price Growth

Trader Predicts Crazy 12x Dogecoin Price Growth

HappyCoinNewsHappyCoinNews2025/01/24 00:22
By:HappyCoinNews

A trader who goes by the pseudonym Zer0 and trades meme tokens, predicted crazy 12x growth of cryptocurrency rate Dogecoin (DOGE).

Zer0 analyzed historical data and came to the conclusion that the market Dogecoin only got through the first phase of the bull run, when the coin rapidly rose in price from $0,1 to $0,48 from October to December 2024. After this period ended, as in previous cycles, a correction occurred, as a result of which the coin's price fell by 46%. Then there was a rebound from the bottom, and the rate went up.

The trader is convinced that the price will soon rise Dogecoin will be pumped again, and it will reach $4,2 in two upward spurts separated from each other by a short-term correction. If the cryptocurrency trader's forecast comes true, DOGE will rise in price by 12 times from the current figure and will make rich hodlers who manage to sell tokens at the peak.

In this case, the cryptocurrency rate will increase 42 times since the start of the upward trend, and the current bullish rally will be inferior to the two previous ones, during which the coin’s value increased 92 and 300 times, respectively.

Trader Predicts Crazy 12x Dogecoin Price Growth image 0

Forecast for exchange rate changes Dogecoin on a chart compiled by Zer0

One of the catalysts for the second leg of the bull market rally Dogecoin may be ETF issue based on this digital asset. Three American companies want to create derivatives based on DOGE: Bitwise, Osprey Funds and REX Shares.

Bloomberg contributor Eric Balchunas believes that trading Dogecoin - ETF will be launched in April 2025, of course, if everything goes smoothly and the US Securities and Exchange Commission approves the release of funds. Therefore, there is no new round of the upward trend on the exchange rate chart Dogecoin should be expected in the spring.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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