Crypto Strategist Predicts Dogecoin (DOGE) May Experience a Major Rally, Drawing Inspiration from XRP’s Recent Success – Read about His Projected Target
Crypto analyst Michaël van de Poppe suggests that Dogecoin (DOGE) could follow in the footsteps of XRP and experience a significant rally. Van de Poppe compares the market structure of DOGE to that of XRP prior to its recent surge. He believes that if DOGE follows a similar pattern, it could rally by as much as 157% from its current price. Currently trading at $0.07, DOGE has seen a slight increase in the last 24 hours.
Van de Poppe also highlights the potential for a massive breakout in the total market cap of all cryptocurrencies. He points to a golden cross on the total chart’s weekly timeframe, which is typically seen as a long-term bullish signal. According to Van de Poppe, the breakout could lead to a new higher high for the total market cap, potentially ranging from 40% to 80% above current levels. He anticipates that the momentum will last for at least two to three months.
At present, the total market cap of all cryptocurrencies is $1.172 trillion.
It’s important to note that Van de Poppe’s analysis and opinions are not investment advice, and investors should conduct their own research before making any investment decisions. The Daily Hodl, where Van de Poppe’s analysis was featured, also emphasizes that any transfers and trades in cryptocurrencies are at the investor’s own risk and responsibility.
Despite the speculative nature of Van de Poppe’s analysis, his insights into the potential future performance of DOGE and the overall cryptocurrency market may be of interest to investors and traders in the space.
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