Key Takeaways
- DOGE trades above $0.26 as bulls and traders look to build on current price action to a new high.
- If the price of Dogecoin rallies above $0.31, there is strong bullish sentiment for a potential new yearly high.
- Crypto experts speculate the price of DOGE and ETH could outperform BTC in the coming weeks.
Dogecoin (DOGE) continues to create headlines in the media following a strong price rally in the last few days, as the price currently holds strong, as speculation hints at a strong rally for DOGE, and as speculation suggests the price could aim for $0.5.
While the potential for Dogecoin can not be underestimated, crypto experts also believe Ethereum (ETH) is in a good position to perform well above the most traded cryptocurrency, Bitcoin, as the months look promising for the memecoin and the altcoin.
A price rally for DOGE and ETH towards a high of $0.5 and $5,000, respectively, could boost market sentiment and investors’ interest to accumulate more of the crypto assets as these cryptocurrencies have more upside potential in the coming weeks.
DOGE Price Speculation for September
A key driver of current price action for Dogecoin has been institutional adoption and a large volume of whale purchases, as the news of ETF approval for the memecoin could increase the crypto token’s exposure and adoption in the U.S., which would help the price aim for a higher point.
Crypto experts, such as those at CryptoElites, believe the price of DOGE could eventually rally toward $5, although this seems extreme. Still, speculation is high for a potential $1 based on market prediction before the end of the year.
Another altcoin that has remained strong despite market uncertainties is Ethereum (ETH), as the price of the second-largest cryptocurrency by market cap could gain strong momentum to the upside in the coming days.
Ethereum (ETH) Price Analysis
The price of ETH currently holds strong above previous resistance, which was previously slipped to support around $4,400. As the price remains strong above this zone, a potential price bounce to the upside toward previous highs of $4,850 could occur.
A breakout for ETH toward $5,000 in the coming weeks could see a strong price push towards price discovery as institutions and whales continue to accumulate the crypto assets despite a minor market price drop.
Overall market price action for DOGE and ETH looks good, as prices have the potential to outperform BTC if things turn out favorably in the coming days.
FAQs
How much is $1 Dogecoin in Naira?
Dogecoin is worth over 400 Naira presently.
How much is ETH right now?
Ethereum currently trades above $4,400.
Will ETH reach $5000?
Ethereum has the potential to reach $5,000 if the price trades above $4,850, acting as a key resistance level.
Can DOGE reach $1?
The potential for Dogecoin to hit $1 can never be ruled out; however, the price must break above $0.7 for such price expectations to materialize.
What will DOGE be worth in 5 years?
Dogecoin is speculated to trade above $1 in the next five years.
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