On April 2, a prominent crypto trader and analyst utilized Twitter to express his insights on the potential price movement of Dogecoin (DOGE) shortly, along with his trading strategy for the meme-inspired cryptocurrency. Per his tweet, the analyst firmly believes that DOGE will soar to $0.08 in the upcoming days.
As he shared his post with the community, the astute trader disclosed his intention to assume a bullish stance on DOGE. However, the reactions to his announcement varied. While some members concurred that DOGE could reach $0.08 shortly, others expressed skepticism towards this prospect.
According to CoinMarketCap, DOGE is exchanging at $0.0783, following a 6.46% decline in value within the last 24 hours. Additionally, the meme-inspired cryptocurrency experienced a 4.61% and 4.88% drop against Bitcoin (BTC) and Ethereum (ETH) during the same period. However, the analyst’s forecast was accurate, as DOGE peaked at $0.08415 in the past day.
DOGE’s weekly performance remains positive, with a commendable 6% increase over the past seven days. However, the 24-hour trading volume has dropped and is now in the red zone, at $705,736,642, after a 17% decrease since yesterday.
DOGE, the beloved meme-inspired cryptocurrency, has secured its spot as the 8th largest crypto with an impressive market cap of $10,869,902,606. This places DOGE just behind Cardano (ADA) in the 7th position and ahead of Polygon (MATIC), which currently holds 9th on the list of the biggest cryptocurrencies. With its growing popularity and strong market performance, DOGE continues to prove its worth as a serious player in the crypto world.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
