Is $10 DOGE Possible? Crypto Analyst Forecasts Major Dogecoin Price Surge Into 2025
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The Dogecoin price has risen by 0.5% in the past hour, recovering to $0.1391 after the cryptocurrency market as a whole slipped by just under 0.5% in the past 24 hours.
DOGE is now up very slightly in the past day and up by 3% in a week, with the evergreen meme token also sitting on a 27% increase in a month.
The coin’s move into stronger short- and medium-term positions is now leading some analysts to predict that it has begun a long-term uptrend, one which could send it into whole dollars, if not higher.
And while a target of $10 is wildly optimistic, overall market trends and DOGE’s oversold position would suggest that gains are coming soon.
Is $10 DOGE Possible? Crypto Analyst Forecasts Major Dogecoin Price Surge Into 2025
DOGE’s resistance (red) and support (green) levels are converging each other, forming a pennant that often results in a big breakout.
The past few days have also seen the coin’s relative strength index (purple) seesaw from almost 30 to nearly 50 today, a sign that buyers are returning to the coin.
It’s also encouraging that DOGE’s trading volume is pretty high at $1.3 billion, which is more than what we see for Shiba Inu (SHIB), for example, which is at only $300 million today.
As we’ve noted before, DOGE has been reaping the rewards of its long-standing association with Elon Musk, who Donald Trump has suggested will serve on a committee on government efficiency should the latter win on November 5.
Musk has even gone so far as relating this potential post with DOGE, given that he has made references to a “Department of Government Efficiency” on numerous occasions now.
While it would be rash to conclude that Dogecoin will somehow directly benefit should Trump return to the White House, the association alone may be enough to propel it higher in the immediate aftermath of a possible Trump victory.
And it’s likely that this possibility is what analysts have been departing from in recent weeks, with some influencers suggesting that the Dogecoin price could rise as high as $10 during the next cycle.
This would imply a 7,000% increase from its current position, as well as a market cap of around $1.4 trillion (which is more than BTC’s market cap right now).
Still, DOGE and the wider market are in good positions, with the Dogecoin price likely to hit $0.20 by the end of November.
New High-Potential Meme Tokens
It’s hard to predict whether DOGE would do well in the event of a Harris win, in which traders may be better off looking at alternatives, particularly newer coins with the potential to outperform the market during their initial growth phases.
This includes newly launched tokens and also presale coins, which can often surge when they list for the first time.
Of course, not every presale coin will do this, but one example with a seemingly good chance is Flockerz (FLOCK), an ERC-20 token that has raised more than $1 million since launching its sale last month.
Flockerz is exciting because it’s the market’s first vote-to-earn cryptocurrency, one which rewards holders for joining governance votes.
Every single decision concerning its development will go to community votes, with the most active participants receiving bigger rewards (in FLOCK)
And as an ERC-20 coin, holders of FLOCK will be able to stake it for a passive income, in addition to their voting rewards.
FLOCK could therefore be a very profitable token to hold, which helps explain why its presale is doing so well.
As a token, it comes with a total supply of 12 billion FLOCK, with 20% of this going to the sale, 25% to staking, and another 25% to governance rewards.
Another sign of Flockerz growing popularity is that its Telegram channel already has nearly 2,000 subscribers, yet it’s still three days away from opening.
Investors can join FLOCK’s presale by going to its official website, where they buy the coin at a price of $0.0058628.
This price will rise in just under three days, so interested parties should act sooner rather than later, particularly if the coin ends up rocketing once it lists.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.- How Tether Co-Founder William Quigley Views Crypto Regulations in Trump’s Second Term
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