Popular Analyst Predicts Dogecoin Will Outperform Bitcoin As Market Enters Meme Coin Super Cycle
2024年6月6日 - 5:00AM
NEWSBTC
Crypto analyst Crypto Kaleo has laid out a bullish narrative for
Dogecoin (DOGE), revealing how well the foremost meme coin could
perform in this bull run. He also suggested that there was no need
to worry about Dogecoin’s current price action, which paints a
bearish outlook for the meme coin. Dogecoin Will Outpace
Bitcoin In This Market Cycle Crypto Kaleo mentioned in an X
(formerly Twitter) post that he has “an insanely high conviction”
that Dogecoin will “outpace” Bitcoin in this market cycle. He made
this statement while revealing that he is also bullish on the
flagship crypto. Given how high Bitcoin is expected to rise in this
bull run, this undoubtedly paints an ultra-bullish narrative for
the foremost meme coin. Related Reading: Bitcoin Gets Massive
$500,000 Price Tag From Billionaire, Here’s Why From the chart he
shared, Crypto Kaleo predicts that Dogecoin could rise over 200%
against its Bitcoin pair and climb to as high as $0.55. He is
convinced that Dogecoin can make such a run because he claims the
market is in a “meme super cycle.”As such, he remarked that the
“king of memes won’t be left behind.” Despite this being a meme
super cycle like Crypto Kaleo claims, Dogecoin’s price has
continued to lag compared to other meme coins. However, the analyst
suggested that DOGE’s current price action is normal, stating that
the meme coin “moves sideways for extended periods, followed by
rapid vertical growth.” In an earlier X post, the analyst suggested
that this “rapid vertical growth” could happen once GameStop’s
(GME) stock tops. He drew a correlation between both assets, noting
that Dogecoin’s price rallied in the 2021 bull run after GME
topped. He expects something similar to happen this time,
especially with Roaring Kitty’s return. Meanwhile, Crypto Kaleo
isn’t the only one who believes that Dogecoin can outperform
Bitcoin in this market cycle. Crypto analyst Don Alt also seems to
hold this belief as he previously suggested that Dogecoin was a
better investment than Bitcoin based on his claim that Dogecoin can
rise to as high as $2 in this bull run. DOGE Going To Go
Parabolic Later This Year Crypto analyst Altcoin Sherpa has also
offered a bullish narrative for Dogecoin. In a recent X post, he
stated that the foremost meme coin “is going to do something stupid
later this year,” suggesting that a parabolic rise was on the
horizon for Dogecoin. He added that Dogecoin is still one of the
“safest trades” anyone can make in this cycle. Related
Reading: Crypto Analyst Forecasts A 4,000% XRP Price Run To $30,
Here’s When He also seems to believe that Dogecoin can outperform
Bitcoin in this cycle, noting in another X post that Dogecoin was
one of the few altcoins that increased and held above their Bitcoin
pair in the 2021 bull run. He added that these altcoins “are for
this cycle” and that crypto investors should keep this in
mind. Featured image created with Dall.E, chart from
Tradingview.com
Dogecoin (COIN:DOGEUSD)
過去 株価チャート
から 8 2024 まで 9 2024
Dogecoin (COIN:DOGEUSD)
過去 株価チャート
から 9 2023 まで 9 2024