2025-01-26 17:30:35 by NewsBTC

Dogecoin (DOGE) has shown some upward mobility in the last day following a rather bearish trading week. Based on data from CoinMarketCap, the premier memecoin remains an investors’ favorite amidst the current bull season with almost 90% of its community confident in future price gains. Notably, prominent crypto analyst Ali Martinez has dropped another bullish prediction on Dogecoin suggesting the token’s potential register a 10,000% price gain. Could Dogecoin Repeat Bullish Feat? In a recent post on X, Martinez shared a positive analysis of Dogecoin based on historical price data. According to the crypto pundit, DOGE experienced a 10,000% price gain in the last bull cycle in 2021. During this period, the memecoin’s value increased from around $0.007 to $0.700 within 98 days. Looking at DOGE’s current trading chart, the cryptocurrency presents a similar situation to when the price surge began in 2021. Martinez’s predictions indicate if Dogecoin is able to mirror such robust bullish movement, it could attain a market price of $14.78 by May 2025. Source: @ali_charts on XAs earlier stated, bullish sentiments around Dogecoin are currently heightened creating significant potential for this highly favorable scenario. A substantial portion of this positive market sentiment is centered around the possibility of a Dogecoin Spot ETF. Amidst the many developments in the past week, prominent asset manager Bitwise has filed a proposal for a “Bitwise Dogecoin ETF”  to the Division of Corporation, US Department of State, Delaware. NewsBTC reports that Bloomberg analyst Eric Balchunas has also confirmed the authenticity of the proposed DOGE Spot ETF which “is likely coming soon”. Interestingly, Ali Martinez previously predicted the Dogecoin spot ETF can serve as a positive market driver pushing DOGE’s prices to around $15 in line with his most recent price forecast. These projections are based on the nature of the Spot ETF which is designed to attract institutional demand as seen with Bitcoin. DOGE Price Overview At press time, Dogecoin is valued at $0.354 after a 1.72% gain in the past day. On the other, its daily trading volume is down by 30.09% indicating decreasing investor activity. On larger timeframes, DOGE reflects an 11.43% loss on its 7-day chart but an impressive 13.96% profit on its monthly chart indicates an overall positive performance In recent weeks. For short-term traders, a crypto analyst with X username Kev_Capita_TA believes Dogecoin may be entering an upward consolidation phase that is likely to last till early February. During this period, the market expert warns it is important for market bulls to avoid a price breakdown as DOGE could potentially fall as low as $0.26.  Dogecoin, with a market cap of $52.43 billion, holds the title of the largest memecoin and is the seventh-largest cryptocurrency globally. DOGE trading at $0.35490 on the daily trading chart | Source: DOGEUSDT chart on Tradingview.comFeatured image from Gadgets 360, chart from Tradingview Semilore Faleti Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future. Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. 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