Crypto experts anticipate a bullish trend for Dogecoin, projecting its price could soar to $3 per coin. Positive market sentiment and Bitcoin's recent performance are seen as catalyzing factors for this potential surge.
Prominent analyst Crypto Scofield asserts that a bull run for Dogecoin is forthcoming, suggesting the meme coin is currently building momentum for a substantial price increase. An increase of 624% from its current price is deemed achievable, following a 400% rise over the past 12 months.
Some analysts speculate that Dogecoin could hit the $3 mark within six months to a year, while others forecast even higher peaks, with predictions up to $11 or more, based on historical performance analyses.
Reaching $3 would give Dogecoin a market capitalization of approximately $440 billion, surpassing Ethereum's market cap and placing it among the largest global assets, exceeding companies like Netflix and Bank of America. Currently, DOGE trades at $0.4219, enjoying a 2.1% gain within the last day.
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