The very popular coin-meme, DUX exceeded many expectations this year. At press time, it was trading just below the $ 0.32 mark. According to CoinMarketCap, it increased approximately 7% in 24 hours.
According to the cryptocurrency social media analytics platform, LunarCrush, DOGE was the number one meme-based crypto token by social volume in 24 hours.
👩💼Top 10 MEME coins by 24-hour social volume
1⃣ $ bulldog #dogecoin
2⃣ $ shib #Shiba Inu
3⃣ # 100xcoin
5⃣ $ ass #australiansafespastor
6⃣ # hodl20
7⃣ $ prohibit #banana
9⃣ $ hoge #hogefinance
🔟 $ hokk #hokkaiduinuhttps://t.co/IOXKwBjfFu pic.twitter.com/mLUeEjA1vj
– LunarCRUSH 🚀 Social Listening for Crypto (@LunarCRUSH) September 5, 2021
The eighth largest token witnessed immense support from its community in the past. In fact, Tesla CEO Elon Musk and billionaire investor Mark Cuban both openly supported Dogecoin.
Additionally, pseudonymous crypto analyst and trader “Altcoin Sherpa” Tweeted an extreme bullish narrative. Additionally, technical analysis is attached to support the argument. According to his tweet, DOGE hitting $ 1 in the medium term was only a matter of time.
Is when … pic.twitter.com/bDTYmrFZri
– Altcoin Sherpa (@AltcoinSherpa) September 4, 2021
Considering DOGE’s current price, it certainly has a long way to go and might require some patience on the part of its investors. Another analyst, Justin bennett set,
“DOGE is one of those where the moment you think he’s dead and you go out, it takes off without you.”
The table below explains his optimism.
He also set:
“Staying patient with the second half of my position since I was 27. Patience is key if you haven’t already. Either it falls 0.295 or it recovers 0.31. This is how I would approach it if it weren’t already there. “
In addition to this, analyst Scott Melker opined that the price of DOGE will return to the $ 0.35 mark shortly.
– The wolf of all the streets (@scottmelker) September 5, 2021
Different exchange platforms have included Dogecoin. In the year-to-date (YTD) period, DOGE-USD stands at a massive 6508% mark.
So the question is, if DOGE will hit new highs in the next few days, only time can tell.
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