Dogecoin (DOGE) was among the tokens affected in the crypto industry during the recent market correction that saw Bitcoin (BTC), the largest cryptocurrency, drop below $66,000. But although the market is currently struggling against the bearish tide rocking the industry, crypto analysts are quite bullish on Dogecoin (DOGE) with speculations that it could rebound to an over two-year high of $0.30.
Can Dogecoin (DOGE) Surge To $0.30?
Crypto analysts speculate that Dogecoin (DOGE) could retest its high of November 2021, rising to the $0.30 mark in April. This could look like wishful thinking as Dogecoin (DOGE) currently trades at $0.194; therefore, for the predictions to come true, the coin will have to rise by over 60%.
Also, its current price level had wiped off its gains of March 28, 2024, when it increased by 18%, taking its price to $0.22. However, the analysts came to this conclusion after studying the price action of the coin on analytical tools, which showed that Dogecoin (DOGE) dropped below its 20-day exponential moving average (EMA).
While this indicator should be a cause of alarm for traders, some analysts believe that a higher low forming on the daily charts hints that the dip is a temporary setback before a potential surge. Another factor considered is the upcoming DOGE Day, an unofficial event popular among the meme coin community as a day to celebrate the meme coin culture. The event is scheduled for April 20, 2024, and is known as a day when the price of meme coins skyrockets.
Also, a member of the crypto community on X (formerly Twitter) known as Trader Tardigrade has shown in an X post that Dogecoin (DOGE) seems to be running in a seven-year cycle. Trader Tardigrade compared the price of the coin in the first half of its current cycle to the last, pointing to 7 years ago in 2017 when Dogecoin (DOGE) was trading at $0.0007.
Many never believed it could surge to its current level and, at such history, could repeat itself, and the coin could increase to unexpected levels like $2 or even $40. Therefore, while the current market sentiment is bearish and Dogecoin (DOGE) seems to be in the red zone, all these factors give credence to the speculation of the coin rising to $0.30 by the end of April.
ETFSwap To Pump 10,000x According To AnalystsÂ
ETFswap ($ETFS) is a blockchain project that uses tokenization to bridge the gap between traditional and decentralized finance by tokenizing exchange-traded funds (ETFs). Users can access these ETFs on a comprehensive web3 marketplace with user-friendly features and interface. As a direct on-chain representation of the exchange-traded funds, the tokenized ETFs will enable traders to easily track the progress of the ETFs to make well-informed trading decisions.
The recently concluded private sale of $ETFS, the platform’s native token, saw investments from two institutional investors and three angel investors, with the project raising $750,000 in three days. This success has spurred seasoned analysts to predict a 10,000% surge in the $ETFS price to reach the $1 mark.
Currently, the platform offers investors the chance to get in early on its native token in its stage 1 presale event at a mouth-watering price of $0.00854 per coin. All investors who participate in this stage will be in line to make a profit when stage 2 kicks off at $0.01831. This has drawn in crowds of investors who want to get a share of this token with the potential to increase their portfolio immensely. So now is the time to get in on this project early to benefit when it reaches its full potential.
For more information about the ETFS Presale:
