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Dogecoin Above $0.1? Crypto Analyst Lists Reasons Why DOGE Price Will Continue To Rally
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Dogecoin Above $0.1? Crypto Analyst Lists Reasons Why DOGE Price Will Continue To Rally

Scott Matherson
Scott Matherson
1 year ago
3 mins read
Dogecoin

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Dogecoin (DOGE) has been up close to 75% in the last 45 days and if one analyst’s projection is anything to go by, this rally isn’t coming to an end anytime soon. This comes at a time when many are hoping that DOGE can hit the $0.10 mark and possibly reach new highs. 

Why DOGE’s Future Is Bullish 

In a video posted on his YouTube Channel, crypto analyst Austin Hilton highlighted Dogecoin’s significant gain in the last 45 days and discussed the future trajectory of the meme coin. Austin sounded so bullish on DOGE as he gave reasons why he believes this rally will continue. 

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Firstly, he alluded to the fact that the crypto market as a whole was currently enjoying an upward trend as liquidity was flowing into the ecosystem. He noted that Bitcoin and other major altcoins have picked up as a result of this. DOGE hasn’t been left behind, as the meme coin is also riding this wave. 

With this in mind, he believes that Dogecoin will continue to rise as more liquidity is expected to flow into altcoins like the meme coin. He attributed these inflows to the bullishness around Spot Bitcoin ETFs, which many expect the SEC to approve in January. 

The second reason why he is bullish on DOGE’s future is based on his assertion that December happens to be “very, very good” for crypto. As such, he doesn’t expect this December to be any different. So far, this month has undoubtedly been good for the crypto market, and this momentum is likely to continue as many position themselves ahead of January. 

Dogecoin price chart from Tradingview.com

DOGE price recovers toward $0.1 | Source: DOGEUSD on Tradingview.com

Dogecoin Also Looking Good On The Charts

Several crypto analysts have also weighed in on DOGE’s future trajectory from a technical analysis perspective. Based on their projections, the meme coin could end the year on a high and possibly enjoy similar gains to the one it enjoyed in 2021. 

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Specifically, crypto analyst JD recently noted that Dogecoin’s MACD (Moving Average Convergence Divergence) was on the verge of having another bullish cross. The last time this happened was in 2021, which led to the meme coin seeing a 370x gain in its price. Based on the chart that JD shared, this bullish cross could happen again in 2024.

Based on another crypto analyst’s projections, Dogecoin could gain over 900% in a move that will see it rise to $0.7, And 2024 is also predicted to be the year that this could happen. The fundamentals also complement these technical analyses as there are plans in place to send DOGE to the moon (and up the charts).

At the time of writing, DOGE is trading at $0.09, up by over 1.50%, according to data from CoinMarketCap.

Featured image from The Coin Republic, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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