Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The most popular meme cryptocurrency, Dogecoin (DOGE), has the opportunity to follow Bitcoin (BTC) should the major cryptocurrency continue its upward climb. This opinion was expressed by an expert trader widely known in cryptocurrency circles under the nickname "DonAlt." According to him, DOGE is one of the few altcoins that can outperform against the main cryptocurrency.
The trader has expressed his bullish views on the meme coin and its price chart before. Not earlier than yesterday, DonAlt in a post on X suggested that Dogecoin could expect another wave of growth, if we consider the first period when the DOGE price rose from $0.11 in October to $0.40 by mid-November.
Gamza KhanzadaevIf we assume that the next wave of growth will at least be half as big as the first, we can easily assume that Dogecoin will not only renew its high price but will finally cross the long-awaited and cherished mark of $1 per DOGE.
In addition, the trader noted the commitment to consolidation followed by an upward move in DOGE on small time frames, such as the hourly. The Dogecoin price has pulled this kind of trick twice already, and the third consolidation is forming right here and now.
But first Bitcoin
However, as can be understood from the thesis of the trader, the Bitcoin movement is primary. The main cryptocurrency, in turn, does not upset the bulls and continues to update its historical maximum price, as it seems, at least once a week.
Alex DovbnyaAs recently as yesterday, the price of BTC reached another peak of $93,905 on Binance. It seems that Bitcoin updates all-time highs so frequently that the reaction to this event, previously considered extremely rare, surprises few people.
Tomiwabold Olajide
Dan Burgin
U.Today Editorial Team
Vladislav Sopov