Can DOGE reach $1 this bull run?

Will DOGE Tokens Move 500% to $1 in 2024?

Dogecoin more than doubled in value at the end of February. After trading at the $0.08 level since early January, DOGE exploded to $0.18 on March 4.

Validation Meme Coin, an indirect 2015 blockchain fork from the original Satoshi Bitcoin chain, has rebounded from $0.18 on March 4 to $0.13 on March 19. The price then rebounded to $0.18 in March. 24.

So, which way will the 9th largest cryptocurrency by market cap go next?

Dogecoin price prediction: $1

Crypto analyst DonAlt, who has over 530k followers on X, said in a recent YouTube update that “Dogecoin is unlikely to go to $1” on the way he trades Bitcoin.

DonAlt is a YouTube channel that hosts technical roundups for cryptocurrency investing. In the latest episode of the show, which was uploaded on Thursday, the well-known technical analyst of the altcoin markets said:

“The reason I find DOGE interesting is that it has returned to support on the BTC chart.”

The exciting Dogecoin price prediction has more to offer than howling at the moon. The technical analyst correctly called the 2022 bottom a little over a year ago.

DOGE is a PoW and Meme coin.

Once the “poster child for hypermarket euphoria” during Bitcoin's halving rally in 2021, Dogecoin remains the most sought-after digital asset, largely due to its social relevance.

That proof-of-work aspect could help the cryptocurrency avoid being classified as a security and be more decentralized than mainstream DeFi cryptos. Like the original meme coin, Dogem works very well when doing meme coins, especially when there are a lot of dog-based competitors.