Dogecoin Price Prediction – Is $1 Possible or Time To Move On From DOGE?

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Meme coins have dominated this crypto bull cycle to such a degree that analysts have started referring to it as the “meme coin supercycle”. And yet, the meme coin market leader has underperformed expectations. 

New meme coins like Dogwifhat, Popcat, and Pepe have led the rally, leaving Dogecoin in the backseat.

DOGE has secured a key breakout today on Friday and is up by 10% on the day, reigniting the $1 Dogecoin price predictions. However, sidelined investors are left wondering whether it is too late to invest in it and earn outsized returns. 

Meanwhile, new meme coins continue to steal the show. Moo Deng and GOAT are up by nearly 50% today, while Flockerz (FLOCK) continues its stellar presale performance. 

DOGE Secures Key Breakout – Will It Finally Pump?

Dogecoin price has underperformed newer meme coins as smart money investors have given preference to low-cap projects with higher upside potential.

For instance, Popcat, SPX6900, Mog Coin, Dogwifhat and Pepe have all substantially outperformed Dogecoin in 2024.  

Even Bitcoin, with its significantly higher market capitalization, has delivered superior returns of 60% compared to DOGE’s 50%.

However, analysts highlight that the top meme coin is gearing up for major upside volatility. 

The Dogecoin price had already secured a breakout from its multi-month descending trendline and has successfully retested it since. Top Bybit trader Bluntz – who has over 280k X followers –  signals that it has now broken out of another key resistance in the daily timeframe. 

Using Elliot Wave Theory for his Dogecoin price prediction, he anticipates the meme coin to surge to $0.18 in the coming days. 

The DOGE price has already rallied by 10% on Friday, trading as high as $0.136 with a 35% spike in its daily trading volume. The odds of a bullish continuation are high, provided that Bitcoin doesn’t showcase any bearish tendencies. 

However, Dogecoin is still trading 81% below its all-time high and sidelined investors are wondering whether it is too late to invest in it now. 

For instance, prominent crypto analyst CrediBULL Crypto isn’t convinced about the recent DOGE breakout. While he expects the meme coin to hit Bluntz’s price target, he is also anticipating a sharp correction, potentially down to $0.04. 

Dogecoin Price Prediction – Is It Too Late To Invest In DOGE?

The meme coin supercycle has been dominated by lower-cap tokens. 

However, experts are warning about giving up on Dogecoin this early in the meme coin supercycle. Bluntz highlights that the DOGE price typically showcases consolidatory price action for the most part in correlation with Bitcoin. 

However, once BTC starts nearing its cycle top, Dogecoin sees a parabolic rally that outperforms every major cryptocurrency. There is no reason why this trend couldn’t repeat this time around as well. 

Meanwhile, the world’s richest man, Elon Musk, continues to be bullish on Dogecoin. Musk is set to join Donald Trump’s administration and is determined to name his newly-established government agency DOGE—the Department of Government Efficiency.

Considering that Polymarket odds are giving Trump a 20-point lead in the Presidential race, the likelihood of a major Dogecoin rally cannot be overlooked. 

Consequently, sidelined investors would be well advised to leave a ‘moon bag’ invested in Dogecoin. In the meantime, they could consider investing in low-cap meme coins like Flockerz for outsized returns. 

Is Flockerz The Next 100x Meme Coin?

There is no dearth of 100x meme coins in the ongoing supercycle. Early investors in Moo Deng, First Neiro On Ethereum and SPX6900 have already seen 100x growth in their investments and more. 

There is now a growing speculation whether Flockerz (FLOCK) could be the next project to offer similar returns. The meme coin is already in high demand during its presale, having now raised over $800k. 

FLOCK is introducing unique narratives in the meme coin sector, which has helped separate it from the crowd of run-of-the-mill projects. 

For instance, it is one of the first chicken-inspired tokens, giving investors a break from the same old dogs and frogs. More importantly, it is a high-utility meme coin, offering value to holders other than simply price speculation. 

For instance, it has introduced a vote-to-earn platform. All FLOCK holders will be members of the Flocktopia DAO, where they can vote on all key decisions regarding the project, including exchange listings, new features, marketing strategy, etc. Most importantly, they will also earn monetary rewards for their votes. 

Flockerz also has a native staking protocol, which is currently offering a reward rate of over 2000%. 

Owing to its unique value proposition, FLOCK has received the backing of prominent crypto investors, many of whom are calling it the next 10x meme coin. 

*Cryptonomist did not write the article or test the platform.