Key Takeaways
- Dogecoin (DOGE) has reclaimed its price above $0.26, following a market rally over the last few days.
- A sustained bullish price action in October could see the price of the memecoin break its price range to the upside of $1.
- Crypto experts speculate that a $1 price for the memecoin is inevitable, given its bullish fundamentals.
Dogecoin (DOGE) is a hot topic in the media following a strong bullish momentum in the crypto space over the last few days, as indicators, analysts, and market sentiment suggest the price of altcoins, including memecoins, could do extremely well in the coming weeks. The price stands a chance to trade to new highs.
A crypto analyst refers to factors that are beginning to emerge, similar to the 2021 bull market. October has historically been a favorable month for altcoins, as prices are now playing out as expected.
At the time of writing, the price of DOGE is trading around $0.26. The price could build on its current price action to reach highs of around $0.3, where it must break above its resistance to continue its bullish market structure to the upside.
Don’t Sleep on DOGE
The price of the memecoin king has started on a strong note in October, as the price could build on the current price towards a potential new high. Building on current price action, crypto experts and traders are optimistic about the price performance of the memecoin king.
Crypto expert Kaleo has also shared a similar analysis on the potential of the memecoin, reaffirming that the price of the memecoin has the potential to melt faces in the coming months, as it could replicate its 2021 bull market rally.
If the price creates a similar price gain, we could see a price rally toward $1 and potentially higher. October price gain is actually becoming a reality for many traders as BTC leads the crypto market rally, and altcoins could eventually join the party.
A 30% to 40% price gain in the market would be beneficial for the memecoin king, as expectations suggest a price of $1 in the next few weeks.
FAQs
How much is DOGE right now?
The price of the memecoin currently trades above $0.26 at the point of writing.
How much is $500 worth of Dogecoin right now?
$500 worth of DOGE will be around 2050 at the current price of $0.26.
Does Dogecoin have a future?
Speculation suggests the memecoin has a future with the potential to hit over $1 in the coming months.
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