AtopcryptocurrencyanalystandtraderbelievesDogecoin(DOGE)couldprintanewall-timehighthiscycle.
PseudonymousanalystDonAlttellshis591,700followersonthesocialmediaplatformXthatthememecoinmaysurgemorethan624%fromitscurrentvalue.
“Thisisthechartformythesis.Ibought$0.12ishandthinkitcanrunto$1aslongasthecryptomarketdoesn’tvanishagain.ThatsaidIdon’tknow.Youdoyou,notgonnahandholdanyoneifitturnsaround.It’samemeinherentlyuselessandvalueless,onlyretardstradethisthing.”
Source:DonAlt/X
TheanalystsaysDOGEhasacoupleofweekstomakeamove;otherwise,he’sout.
“Igiveittwoweekstakeitorleaveit.”
Theanalystalsosaysabigrallyforthewell-knownmemecouldboostthebroadercryptomarketbyre-ignitingexcitementfordigitalassets.
“ThereasonwhyIlikeDOGEisquitesimple:we’vebeenhavingPVP(playerversusplayer)trenchmemewarfare,andincrediblepumpsandnooneoutsideofourbubblecares.
Ifyoutrulywanttoputthiscycleintohighgearwhileattractingnormies,yougottapumpsomethinghigh-profilethey’veheardofbefore.MemeshavebeenmetaandDOGEisthecryptomemepeopleknow.Thatandthechartlooksalright.
Wishpeoplewouldcomeforthetechinsteadofbuyingsomethingthat’llgotozerolater,tobehonest,andIhavezerolong-termfaithinDOGEgenerallybutrightnowit’sdecentlypositionedtobetheflarethatgetseyesoncryptoagainifitjustrunsenough.Oritfizzlesout,nothingisguaranteedbesidesthefactthatallthesememeswillgotozerointhelongrun.”
DOGEistradingfor$0.138attimeofwriting,up8.2%inthelast24hours.
GeneratedImage:Midjourney
dailyhodl.com