A closely followed crypto analyst predicts that Dogecoin (DOGE) will suddenly go parabolic as other memecoins are putting up massive gains.
Pseudonymous trader Kaleo tells his 641,400 followers on the social media platform X that DOGE could soar more than 220% from its current value against Bitcoin (DOGE/BTC).
“The secret about Dogecoin is, it moves sideways for extended periods, followed by rapid, vertical growth. As bullish as I am on Bitcoin, I have an insanely high conviction DOGE will outpace it. We’re in a meme super cycle. The king of memes won’t be left behind.”
Looking at his four-hour chart, the trader suggests DOGE will rally to 0.000008 BTC worth $0.55. At time of writing, DOGE is trading at $0.159.
Next up, the trader says that Coq Inu (COQ), a memecoin running on the Avalanche (AVAX) network, is about to confirm a bullish reversal and print massive gains against Wrapped AVAX (COQ/WAVAX).
“Alright bros, I think it’s AVAX’s turn to have a run again on the memes. Calling a bottom here on COQ. This is a $1 billion-plus meme with a $200 million market cap. Send it with haste.”
Looking at the trader’s chart, he suggests COQ/WAVAX could soon surge past its diagonal resistance. At time of writing, COQ is worth $0.000003.
Lastly, the trader predicts Bitcoin will soon hit six figures, a gain of more than 44% from its current value.
“Bitcoin: it’s time for round two. $100,000 is a magnet.”
Bitcoin is trading for $69,130 at time of writing, up more than 2% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Trader Says Rapid, Vertical Growth Could Be Coming to Dogecoin (DOGE) Amid ‘Meme Super Cycle’ appeared first on The Daily Hodl.