A famous businessman suggested that cryptocurrency and meme coin Dogecoin themed around dogs could quadruple their historical peak.
A famous businessman suggested that a dog themed encrypted dog could raise its historical peak. On Sunday, February 9th, following an X post, cryptocurrency trader "Trader Tardigrade" indicated that the dog may be prepared for a price focus of $3.69. Although this is a moderate target for the recent $20 phone call, Doge's all-time high is $0.74, and the current price is around $0.25, nearly 14 times higher.
This analyst based their forecast on the upward channel pattern formed by Memecoin's price actions on the monthly candle chart since 2014. According to the chart, assets seem to be re examining the top of this channel, and Trader Tardigrade expects this to remain consistent with the level of $3.69.
It is not surprising that with the current market uncertainty, not many community members seem as optimistic as Trader Tardigrade, and some assert that they will re-examine the previous all-time high of $0.74.
Despite this pessimism, the governor is not without a catalyst.
Elon Musk and ETF
Firstly, due to the long-term support of the world's richest person and Tesla CEO Elon Musk, the monument may increase visibility.
Recently, a billionaire was appointed as the head of the Government Efficiency Department, a non-governmental organization responsible for informing the government of spending cuts. He cleverly named it D O. G.E. clears any doubts about the connection between this name and Memecoin, and launches the D.O.G.E. website with a logo featuring cryptocurrency.
In addition to Musk's comical actions, Dogger may soon see new institutional demands throwing hats into the ring based on the funds traded on the asset launch exchange. These asset managers include Rex Advisors and Osprey Fund, Drill and Grayscale.
Analysts suggest that the proposed funds of Rex Advisors and Osprey Fund may be launched within April 2025, and the Securities and Exchange Commission is prohibited from rejecting them.