Is Dogecoin Still Alive? Find Out When DOGE Price Will Skyrocket

Popular cryptocurrency Dogecoin (DOGE) could experience a significant rally by the end of 2023 or early 2024, according to analyst Nicholas Merten. Merten, known for his insights on cryptocurrency, highlighted the behavior of smart money investors who tend to accumulate assets when they are heavily discounted. He noted that the accumulation phase for Dogecoin typically begins when it has fallen approximately 95% from its all-time high. Currently, DOGE is down by about 91%, indicating that there could be further declines before a substantial rally takes place. Merten cautioned that if the price drops to around a 95% decline, it could reach as low as $0.35, and if the decline reaches 96.5%, the price could dip even further to $0.25. The timing of the anticipated rally could extend into 2024 or potentially occur by the end of this year, depending on the target decline percentage. Currently, Dogecoin is trading at $0.062, showing a slight increase over the past 24 hours. Investors and market participants will closely monitor the price movements of Dogecoin as they await the projected accumulation phase and subsequent rally.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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