{"id":610023,"date":"2024-05-27T21:00:52","date_gmt":"2024-05-27T21:00:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=610023"},"modified":"2024-05-27T13:05:11","modified_gmt":"2024-05-27T13:05:11","slug":"dogecoin-700-explosion-to-1-17","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-700-explosion-to-1-17\/","title":{"rendered":"Dogecoin Poised For 700% Explosion To $1.17 Amid Recovery In Major Metrics"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Crypto analyst Mags has raised the possibility of <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-weighted-funding-rate\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Dogecoin (DOGE)<\/span><\/a><span style=\"font-weight: 400\"> recording a 700% price surge that will send it above $1. The analyst\u2019s prediction follows a recent recovery in <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-on-chain-metric-predict-recovery-in-advance\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Dogecoin\u2019s on-chain metrics<\/span><\/a><span style=\"font-weight: 400\">, which paint a bullish picture for the meme coin.\u00a0<\/span><\/p>\n<h2>Dogecoin About To Go Parabolic<\/h2>\n<p><span style=\"font-weight: 400\">Mags remarked in an X (formerly Twitter) <\/span><a href=\"https:\/\/x.com\/thescalpingpro\/status\/40516406\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> that Dogecoin is about to go parabolic. He claims that the foremost meme coin will make a 700% move in this cycle as it rises above $1.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/why-did-core-price-surge-20-while-the-crypto-market-dumped\/\">Why Did CORE Price Surge 20% While The Crypto Market Dumped?<\/a><\/div>\n<p><span style=\"font-weight: 400\">The analyst is known to have rightly called <\/span><span style=\"font-weight: 400\">Dogecoin<\/span><span style=\"font-weight: 400\"> just before it recorded a 170x price increase in the last bull cycle. Mags also revealed that he has been <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-accumulation-zone\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">accumulating DOGE<\/span><\/a><span style=\"font-weight: 400\"> for the past few months and is ready for the 7x return he will gain if Dogecoin were to make this move.\u00a0<\/span><\/p>\n<figure id=\"attachment_610027\" aria-describedby=\"caption-attachment-610027\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-610027\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Dogecoin.png?w=460&#038;resize=460%2C262\" alt=\"Dogecoin\" width=\"460\" height=\"262\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Dogecoin.png?w=512 512w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Dogecoin.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-610027\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">A 700% increase in Dogecoin&#8217;s price from its current level would mean the meme coin would rise to as high as $1.17. This aligns with other predictions made by crypto analysts, like <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-doge-price-reach-1\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Ali Martinez<\/span><\/a><span style=\"font-weight: 400\">, who says that Dogecoin can rise to $1 in this <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-bull-market-glassnode\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">market cycle<\/span><\/a><span style=\"font-weight: 400\">. Meanwhile, crypto analyst Capt Toblerone has given a more bullish prediction, <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-30-crash-1300-rally\/#:~:text=Dogecoin%20Could%20Indeed%20Drop%20To%20%240.10&amp;text=However%2C%20the%20analyst%20expects%20the,as%20it%20descends%20to%20%240.10.\" rel=\"nofollow\"><span style=\"font-weight: 400\">stating<\/span><\/a><span style=\"font-weight: 400\"> that Dogecoin could make a 1,300% rally and rise to as high as $1.5.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, unlike Mags, Capt Toblerone predicts that Dogecoin will still experience a 30% price crash and drop to around $0.108 before it makes this parabolic move to the upside. Meanwhile, it is worth noting that some of Dogecoin\u2019s on-chain metrics are again in the green, presenting a bullish outlook for the foremost meme coin.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/app.intotheblock.com\/coin\/DOGE\" rel=\"nofollow\"><span style=\"font-weight: 400\">Data<\/span><\/a><span style=\"font-weight: 400\"> from the market intelligence platform <\/span><a href=\"https:\/\/bitcoinist.com\/ethereums-explosion-3600-90-investors-profit-data\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">IntoTheBlock<\/span><\/a><span style=\"font-weight: 400\"> shows that Dogecoin whales are actively accumulating the meme coin with a 2.64% in large transactions over the last few days. The Bid-Ask Volume Imbalance has also turned bullish for Dogecoin. However, those looking to invest in DOGE might have to be cautious, given that most holders are currently in the money (in profits).<\/span><\/p>\n<p><span style=\"font-weight: 400\">This could lead to a wave of sell-offs, which could cause Dogecoin\u2019s price to dip momentarily. Such dip undoubtedly provides the perfect entry for those looking to invest in the meme coin.\u00a0<\/span><\/p>\n<h2>A DOGE ETF Could Be On The Cards<\/h2>\n<p><span style=\"font-weight: 400\">Market experts continue to raise the possibility of a <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-etf-30-chance-approval\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Dogecoin exchange-traded fund (ETF) <\/span><\/a><span style=\"font-weight: 400\">coming into existence. <\/span><a href=\"https:\/\/bitcoinist.com\/ethereum-spot-etfs-trading\/#:~:text=Bloomberg%20analyst%20James%20Seyffart%20has,approval%20would%20come%20this%20week.\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bloomberg analyst James Seyffart<\/span><\/a><span style=\"font-weight: 400\"> recently <\/span><a href=\"https:\/\/x.com\/JSeyff\/status\/83996044\" rel=\"nofollow\"><span style=\"font-weight: 400\">discussed<\/span><\/a><span style=\"font-weight: 400\"> the possibility of a\u00a0 Dogecoin ETF being one of the next crypto funds to launch following the approval of the Spot Ethereum ETFs.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-make-or-break-zon\/\">Bitcoin Price Enters Make Or Break Zone: Analyst Reveals Important Levels To Watch<\/a><\/div>\n<p><span style=\"font-weight: 400\">Crypto venture capitalist (VC) Andrew Kang also <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-etfs-move-to-the-fore\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">boldly claimed<\/span><\/a><span style=\"font-weight: 400\"> that \u201cthe odds for a DOGE ETF look brighter than ever.\u201d He made this assertion while alluding to the regulatory clarity that the crypto industry in the US will gain if the Financial Innovation and Technology for the 21st Century <\/span><a href=\"https:\/\/bitcoinist.com\/will-washington-wreck-or-welcome-crypto-looming-vote-holds-bitcoins-fate\/#:~:text=Fit21%20would%20establish%20the%20CFTC,and%20treated%20in%20bankruptcy%20proceedings.\" rel=\"nofollow\"><span style=\"font-weight: 400\">(FIT21) bill<\/span><\/a><span style=\"font-weight: 400\"> eventually gets enacted.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Launching a Dogecoin ETF can help drive the meme coin\u2019s price to $1 or even higher, given how the <\/span><a href=\"http:\/\/v\" rel=\"nofollow\"><span style=\"font-weight: 400\">Spot Bitcoin ETFs<\/span><\/a><span style=\"font-weight: 400\"> contributed to Bitcoin\u2019s rise to a <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-breaks-through-69000-setting-new-record\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">new all-time high (ATH)<\/span><\/a><span style=\"font-weight: 400\"> in March.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/eFkjF4a6\/\" alt=\"Dogecoin price chart from Tradingview.com\" width=\"3286\" height=\"1576\"><figcaption class=\"wp-caption-text\">DOGE price recovers after dip | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Mags has raised the possibility of Dogecoin (DOGE) recording a 700% price surge that will send it above $1. The analyst\u2019s prediction follows a recent recovery in Dogecoin\u2019s on-chain metrics, which paint a bullish picture for the meme coin.\u00a0 Dogecoin About To Go Parabolic Mags remarked in an X (formerly Twitter) post that Dogecoin is about to go parabolic. He claims that the foremost meme coin will make a 700% move in this cycle as it rises above $1. Related Reading: Why Did CORE Price Surge 20% While The Crypto Market Dumped? The analyst is known to have rightly called Dogecoin just before it recorded a 170x price increase in the last bull cycle. Mags also revealed that he has been accumulating DOGE for the past few months and is ready for the 7x return he will gain if Dogecoin were to make this move.\u00a0 A 700% increase in Dogecoin&#8217;s price from its current level would mean the meme coin would rise to as high as $1.17. This aligns with other predictions made by crypto analysts, like Ali Martinez, who says that Dogecoin can rise to $1 in this market cycle. Meanwhile, crypto analyst Capt Toblerone has given a more bullish prediction, stating that Dogecoin could make a 1,300% rally and rise to as high as $1.5.\u00a0 However, unlike Mags, Capt Toblerone predicts that Dogecoin will still experience a 30% price crash and drop to around $0.108 before it makes this parabolic move to the upside. Meanwhile, it is worth noting that some of Dogecoin\u2019s on-chain metrics are again in the green, presenting a bullish outlook for the foremost meme coin.\u00a0 Data from the market intelligence platform IntoTheBlock shows that Dogecoin whales are actively accumulating the meme coin with a 2.64% in large transactions over the last few days. The Bid-Ask Volume Imbalance has also turned bullish for Dogecoin. However, those looking to invest in DOGE might have to be cautious, given that most holders are currently in the money (in profits). This could lead to a wave of sell-offs, which could cause Dogecoin\u2019s price to dip momentarily. Such dip undoubtedly provides the perfect entry for those looking to invest in the meme coin.\u00a0 A DOGE ETF Could Be On The Cards Market experts continue to raise the possibility of a Dogecoin exchange-traded fund (ETF) coming into existence. Bloomberg analyst James Seyffart recently discussed the possibility of a\u00a0 Dogecoin ETF being one of the next crypto funds to launch following the approval of the Spot Ethereum ETFs.\u00a0 Related Reading: Bitcoin Price Enters Make Or Break Zone: Analyst Reveals Important Levels To Watch Crypto venture capitalist (VC) Andrew Kang also boldly claimed that \u201cthe odds for a DOGE ETF look brighter than ever.\u201d He made this assertion while alluding to the regulatory clarity that the crypto industry in the US will gain if the Financial Innovation and Technology for the 21st Century (FIT21) bill eventually gets enacted.\u00a0 Launching a Dogecoin ETF can help drive the meme coin\u2019s price to $1 or even higher, given how the Spot Bitcoin ETFs contributed to Bitcoin\u2019s rise to a new all-time high (ATH) in March.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":610042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-610023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\n<title>Dogecoin Poised For 700% Explosion To $1.17 Amid Recovery In Major Metrics<\/title>\n<meta name=\"description\" content=\"Crypto analyst Mags has raised the possibility of Dogecoin (DOGE) recording a 700% price surge that will send it above $1.\" \/>\n<meta name=\"robots\" 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