The cryptocurrency market has been moving rather slowly. Despite the community’s optimistic expectations for April, the month has so far been sluggish. Investors can expect significant changes as the month’s second half is underway. Dogecoin (DOGE) investors have a lot to look forward to. April 20 or 4/20 is considered Doge Day. While it isn’t set in stone that the meme coin should rise on this particular day, the community expects it to do so. But the real question is if the OG meme cryptocurrency will live upto these expectations.
Also Read: MicroStrategy Buys 3,459 More Bitcoin Worth $285.8M – Saylor Now Holds 531,644 BTC
Dogecoin’s 24 Hour Price Movement
Throughout the past 24 hours, DOGE has gone from trading at a low of $0.1613 to a high of $0.1686. During the period the asset recorded a 0.15% rise. At the time of writing, the meme coin was trading at $0.1656.
Despite its current movement, analysts were highlighting a potential uptick for the meme coin. According to Ali Martinez, a prominent cryptocurrency analyst revealed that Dogecoin was “gearing up for a big week.” He went on to say,
“A close above $0.17 could open the door to $0.21 or even $0.29, as long as it holds the key $0.13 support.“
Also Read: No Insider Trading at the White House? Hassett Breaks Silence
OG Meme Coin Gears Up For Massive Uptick
The OG meme cryptocurrency, Dogecoin, is set to record a notable surge in the coming few days. According to data from CoinCodex, the asset is set to rise by nearly 100%. Dogecoin will be priced at $0.3251 on April 20. This marks a significant increase from its current price level. The days leading up to April 20 are also looking bullish for the meme coin. In addition, this prediction is quite close to Martinez’s forecast for the eighth largest cryptocurrency in the market.
Also Read: Analyst Predicts SHIB to Surge 400%—Is This the Meme Coin’s Comeback?
Credit: Source link
