{"id":656144,"date":"2024-12-01T10:30:50","date_gmt":"2024-12-01T10:30:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=656144"},"modified":"2024-12-01T07:25:12","modified_gmt":"2024-12-01T07:25:12","slug":"dogecoin-bullish-takeover-doge-to-outperform-bitcoin-by-2400-heres-how","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-bullish-takeover-doge-to-outperform-bitcoin-by-2400-heres-how\/","title":{"rendered":"Dogecoin Bullish Takeover: DOGE To Outperform Bitcoin By 2,400% \u2014 Here\u2019s How"},"content":{"rendered":"<p>The price of Dogecoin had one of the most profitable Novembers in its history, surging by more than 150% over the past 30 days. However, the <a href=\"https:\/\/ktsl888.com\/analysis\/doge\/dogecoin-doge-sets-sights-on-0-150\/\" target=\"_blank\" rel=\"noopener \">meme coin&#8217;s performance<\/a> has somewhat slowed down in the past week, struggling to make a play for the psychological $0.45 level.<\/p>\n<p>However, a popular analyst on the X platform has said that the price of Dogecoin won&#8217;t be in consolidation, with a bullish breakout on the horizon. In fact, the meme token is being touted to outperform Bitcoin, the world&#8217;s largest cryptocurrency by market capitalization.<\/p>\n<h2><strong>Here&#8217;s How Dogecoin Might Outperform Bitcoin<\/strong><\/h2>\n<p>In a recent post on the X platform, prominent analyst Ali Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/38059228\" target=\"_blank\" rel=\"noopener nofollow\">put forward<\/a> a bullish prognosis for the price of Dogecoin against the Bitcoin price over the coming months. According to the pundit, the meme coin is set to outperform the premier cryptocurrency by a whopping 2,400%.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/meme-coins\/dogwifhat-wif-shines-with-15-rally-in-the-past-week-is-2-8-the-next-stop\/\" target=\"_blank\" rel=\"noopener \">Dogwifhat (WIF) Shines With 15% Rally In The Past Week \u2014 Is $2.8 The Next Stop?<\/a><\/div>\n<p>The rationale behind this projection is the formation of a bull flag pattern on the Dogecoin price chart on the monthly timeframe. A bull flag pattern is a technical analysis pattern characterized by a period of steep upward price movement (the flagpole) and a short period of consolidation or slight downward trend (the flag).<\/p>\n<p>Typically, the bull flag formation serves as a strong continuation signal for an upward price trend. Nonetheless, a price breakout from the flag (or the consolidation range) is a prerequisite to confirming the continuation of the uptrend.<\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GdpWfkEXwAAdlt3?format=jpg&amp;name=medium\" alt=\"Dogecoin\" width=\"1200\" height=\"846\"><figcaption class=\"wp-caption-text\">Source: Ali_charts\/X<\/figcaption><\/figure>\n<p>As observed in the chart above, the price of Dogecoin against Bitcoin has been moving mostly sideways since 2021. However, DOGE\/BTC appears to be breaking out of the consolidation range at the moment, suggesting the continuation of the current market trend.<\/p>\n<p>According to Martinez, if the price of Dogecoin against BTC successfully breaks the upper boundary of the flag, it might be ready to soar by more than 2,400%. The target of this projection was calculated using the initial flagpole as a template, as the breakout usually replicates its length.<\/p>\n<div class=\"jeg_ad jeg_ad_article jnews_content_inline_2_ads \">\n<div class=\"ads-wrapper align-center \">\n<div class=\"ads_shortcode\">\n<div class=\"jeg_ad jeg_ad_article\">\n<div class=\"ads-wrapper align-center\"><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif\">Ultimately, this would push the value of DOGE against BTC from the current level of 0.0000043 to an unprecedented 0.00009375. A Dogecoin rally this huge would also support the numerous <a href=\"https:\/\/ktsl888.com\/altcoin\/altcoins-set-for-627-billion-inflow-as-altseason-prepares-for-takeoff\/\" target=\"_blank\" rel=\"noopener \">predictions of an altcoin season<\/a> before the end of the current cycle.<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2><strong>DOGE Price At A Glance<\/strong><\/h2>\n<p>As of this writing, <a href=\"https:\/\/ktsl888.com\/news\/dogecoin\/how-high-can-dogecoin-go-legendary-trader\/\" target=\"_blank\" rel=\"noopener \">Dogecoin is valued<\/a> at $0.4246, reflecting a mere 1.2% increase in the past 24 hours. The price performance of the meme coin is not any less insignificant on the weekly timeframe.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-could-increase-75-if-it-holds-current-level-analyst-shares-price-target\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Could Increase 75% If It Holds Current Level \u2013 Analyst Shares Price Target<\/a><\/div>\n<p>According to data from CoinGecko, the price of DOGE is down by 1.7% in the last seven days. The meme token ranks as the seventh-largest asset in the sector, with a market capitalization of $62 billion.<\/p>\n<figure style=\"width: 2174px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/9hxOYbjn\/\" alt=\"Dogecoin\" width=\"2174\" height=\"1432\"><figcaption class=\"wp-caption-text\">The price of Dogecoin on the daily timeframe | Source: DOGEUSDT chart on <a href=\"https:\/\/www.tradingview.com\/x\/9hxOYbjn\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><em>Featured image from iStock, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Dogecoin had one of the most profitable Novembers in its history, surging by more than 150% over the past 30 days. However, the meme coin&#8217;s performance has somewhat slowed down in the past week, struggling to make a play for the psychological $0.45 level. However, a popular analyst on the X platform has said that the price of Dogecoin won&#8217;t be in consolidation, with a bullish breakout on the horizon. In fact, the meme token is being touted to outperform Bitcoin, the world&#8217;s largest cryptocurrency by market capitalization. Here&#8217;s How Dogecoin Might Outperform Bitcoin In a recent post on the X platform, prominent analyst Ali Martinez put forward a bullish prognosis for the price of Dogecoin against the Bitcoin price over the coming months. According to the pundit, the meme coin is set to outperform the premier cryptocurrency by a whopping 2,400%. Related Reading: Dogwifhat (WIF) Shines With 15% Rally In The Past Week \u2014 Is $2.8 The Next Stop? The rationale behind this projection is the formation of a bull flag pattern on the Dogecoin price chart on the monthly timeframe. A bull flag pattern is a technical analysis pattern characterized by a period of steep upward price movement (the flagpole) and a short period of consolidation or slight downward trend (the flag). Typically, the bull flag formation serves as a strong continuation signal for an upward price trend. Nonetheless, a price breakout from the flag (or the consolidation range) is a prerequisite to confirming the continuation of the uptrend. As observed in the chart above, the price of Dogecoin against Bitcoin has been moving mostly sideways since 2021. However, DOGE\/BTC appears to be breaking out of the consolidation range at the moment, suggesting the continuation of the current market trend. According to Martinez, if the price of Dogecoin against BTC successfully breaks the upper boundary of the flag, it might be ready to soar by more than 2,400%. The target of this projection was calculated using the initial flagpole as a template, as the breakout usually replicates its length. Ultimately, this would push the value of DOGE against BTC from the current level of 0.0000043 to an unprecedented 0.00009375. A Dogecoin rally this huge would also support the numerous predictions of an altcoin season before the end of the current cycle. DOGE Price At A Glance As of this writing, Dogecoin is valued at $0.4246, reflecting a mere 1.2% increase in the past 24 hours. The price performance of the meme coin is not any less insignificant on the weekly timeframe. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level \u2013 Analyst Shares Price Target According to data from CoinGecko, the price of DOGE is down by 1.7% in the last seven days. The meme token ranks as the seventh-largest asset in the sector, with a market capitalization of $62 billion. Featured image from iStock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":603130,"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":[428,1119,1785,1788,7],"class_list":["post-656144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-bitcoin","tag-btc","tag-doge","tag-dogebtc","tag-dogecoin"],"acf":[],"yoast_head":"\n<title>Dogecoin Bullish Takeover: DOGE To Outperform Bitcoin By 2,400% \u2014 Here\u2019s How<\/title>\n<meta name=\"description\" content=\"The price of Dogecoin had one of the most profitable November in its history, surging by more than 150% over the past 30 days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. 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