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The Dogecoin price surged by 4% in the last 24 hours, reaching a daily high of $0.0779 at 4.30 AM ET, as whale interest inspires other community members to start accumulating DOGE.
Despite the price increase, Dogecoin’s daily trading volume is still slightly over 9% lower than yesterday at $345 million.
Dogecoin Price Prediction
Dogecoin price has seen high activity lately, translating into significant volatility in the last several weeks. The increased activity attracted analysts, one of whom said that the dog-themed meme asset is setting up the stage for a massive surge.
The analyst and trader Ali Martinez shared his prediction on X, telling his 33,200 followers that DOGE, the original meme coin, saw a surge of transactions that exceeded $100,000 during the last month. To him, this suggests increased interest from blue-chip investors.
In other words, the uptick suggests increased interest in DOGE from institutional players and crypto whales, which could lead to a significant price spike moving forward.
#Dogecoin | There's a notable surge in $DOGE transactions exceeding $100,000 in the past month, consistently hitting new highs.
This uptick suggests increased interest in #DOGE from institutional players and whales, potentially gearing up for a significant price spike. pic.twitter.com/UpxVkfu9hW
— Ali (@ali_charts) November 23, 2023
A similar bullish sentiment toward Dogecoin came from a crypto strategist, Kaleo, who noted that the meme coin would likely see a massive rally. However, Kaleo believes that the rally might happen quite soon, possibly in the next week or two, and that it might launch the token from the current $0.07 to at least $0.15, more than doubling its price.
Here's my playbook for $DOGE:
Sometime in the next week or two, Dogecoin finally starts to move.
When DOGE starts moving higher, it usually moves pretty fast. I wouldn't be surprised to see a daily from here to somewhere in the 9 – 10 cents range, chop there for a bit, then… pic.twitter.com/BN1AqSe8d2
— K A L E O (@CryptoKaleo) November 9, 2023
The analyst made this prediction because DOGE typically moves quickly once it starts moving.
According to Kaleo’s prediction, once $0.15 is reached, the coin might go a bit higher than that, but not that much. The expert said he would love it if DOGE climbed to $1+, but this is unlikely, at least now.
The highest that it could go right now is twenty cents per coin, he said. The real DOGE rally that does have the potential to take the coin up to $1 and beyond is not expected until later in 2024. But, as Kaleo put it, “that doesn’t mean we can’t have some fun before then.”
In another tweet, Kaleo noted that DOGE’s performance in November 2023 is very similar to how the coin was acting before the significant surge in the spring of 2021 and that the price action before the breakout looks “eerily similar,” suggesting that a surge might be on its way.
DOGE Alternative: Meme Kombat Presale Hits $2 Million Raised
While 2023 has seen its fair share of new meme coins launching presales and going live, Meme Kombat (MK) might be one of the projects with the most potential in this sector of the crypto industry. And some see it as a challenger to established meme titans like DOGE.
The project has developed an innovative platform designed for gaming enthusiasts that aims to make its use rewarding for everyone who uses it.
Visiting and using the platform can be highly rewarding whether the user is more interested in active betting or passive staking.
Opportunity seekers among crypto buyers have seemingly recognized its potential, as its presale recently hit another major milestone, raising $2.07 million as of writing.
The token’s price currently sits at $0.214, and in less than a week, the token will see a price increase to $0.225.
In other words, buying it sooner rather than later means getting it at a cheaper price. Those interested in doing so can obtain the token in exchange for ETH or USDT.
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