A well-known crypto analyst recently shared his predictions about the future of the Dogecoin price. With a possible price increase towards $1, enthusiasm within the Dogecoin community is increasing. What will Dogecoin do this week?
Well-known crypto analyst Ali Martinez recently shared a Dogecoin price forecast on his X channel. In this price forecast, Martinez pointed to key technical analysis patterns on the weekly price chart of this meme coin that pointed to a bullish breakout.
These trends are similar to the patterns seen when Dogecoin emerged from its consolidation phase for the first time in more than two years. This consolidation took DOGE from $0.74 to $0.050. However, with its recent rebound, the Dogecoin price managed to rise to the current $0.1414.
The weekly price chart of Dogecoin shows that the price was able to rise above its bullish ascending triangle pattern. This normally guarantees a major rally, similar to that of the previous bull run.
The Dogecoin price may therefore be able to rise above $0.35. Once the price is able to do this, it can then experience a significant rally.
Dogecoin Price Expectation – will Dogecoin go to 1 dollar?
Despite Martinez’s positive price forecast, the technical fundamentals of the Dogecoin price do not yet look too positive. With an RSI of 37, the buying momentum seems to have decreased significantly and at the same time the MACD histogram also gives a sell signal with a value of -0.0075.
The current price value of $0.1414 is now below both the short-term 10-day and 20-day Moving Averages which are located at $0.1511 and $0.1592. The medium term of the Dogecoin price does not look positive either, because the Dogecoin is also below the medium term Moving Averages.
It seems that it may take some time before Dogecoin can experience Martinez’s predicted rally. While it is entirely possible that Dogecoin could rise significantly in the long term, many investors will choose to shift their attention in the meantime to projects that can realize significant profits in the shorter term. For that reason, we discuss three of the best altcoins of the moment below.
Dogeverse (DOGEVERSE) – new multi-chain alternative to Dogecoin
Dogeverse is a revolutionary new alternative to the well-known Dogecoin meme coin. This new meme coin aims to provide a multi-chain alternative to the largest meme coin in the world. It does this by developing its token on multiple blockchains. For this reason, the token will be developed on the Ethereum, Solana, Polygon, Base, BNB and Avalanche exchanges, among others.
Because the native DOGEVERSE token is developed on multiple exchanges, DOGEVERSE users can also benefit from the best features of these exchanges. In addition, Dogeverse will be able to count on better liquidity that can make Dogeverse’s transactions cheaper and faster.
Dogeverse has a total token supply of 200 billion tokens. 30 billion of these tokens will be available during the presale. In addition, another 20 billion tokens have been reserved for staking rewards. Although the presale is still in full swing, users can already stake their tokens and benefit from these staking rewards.
Dogeverse’s presale has already raised more than $12.2 million and is storming through its presale phases. In each new phase of the presale, the token price will increase, meaning investors will have to be quick to take advantage of the current low price.
WienerAI (WAI) – new crypto that brings together worlds of AI and meme coins
WienerAI is a recently launched meme coin that is busy shaking up the crypto landscape with the help of its new WienerAI token. This new meme coin brings the worlds of meme coins and AI together and can therefore count on enthusiasm from both the meme and AI communities.
Like many other meme coins, it uses a dog as a mascot. In the case of WienerAI, however, this is a ‘wiener’ dog that has been influenced by AI. The WAI token was developed on the Ethereum blockchain and can therefore count on the same benefits as other ERC-20 tokens.
The WAI token can be staked in exchange for attractive rewards. Currently, more than 700 million tokens have already been secured and there is an APY of no less than 1,421%. Although this percentage will of course continue to decrease, it does mean that early investors can realize significant profits.
The presale of the WAI token has already raised more than $550,000. This brings it closer to the goal of its next phase, a phase in which the WAI price will continue to rise. Tokens currently cost $0.000702 each and can be purchased via ETH, BNB, USDT and credit card.
Sponge (SPONGE) – well-known meme coin migrating to Polygon blockchain
Sponge is a household name among many traders, as it proved to be a great success upon launch in 2023 and quickly achieved a market cap of over $100 million. However, this token had no utility whatsoever and therefore had to accept significant consolidations in the long term.
The team behind Sponge has now chosen to upgrade this token with the introduction of the Sponge V2 token. This token will provide the necessary utility, because it will be used, among other things, for a Play 2 Earn racing game. With this utility, the team hopes that the token can maintain its value in the long term.
In addition to use in a Play 2 Earn racing game, the token can also be staked. This means that users are able to realize an attractive income if they lock in the Sponge token.
The Sponge V2 token will eventually be renamed Sponge and the original Sponge token will be completely removed. Tokens are currently available for purchase on the Sponge website and cost approximately $0.0016 each.
Disclaimer: This article contains insights from independent authors and is not part of the editorial content of BitcoinMagazine.nl. This is not investment advice, please do your own research.
