After a interval of “storming” the crypto market this yr, the DOGE price is now 59% under the ATH of $ 0.73 set on May 8, 2021, and is trading at $ 0.299 on the time of writing.

According to the social media evaluation platform LunarCrush, DOGE was the #1 meme coin by social quantity inside 24 hours.

????‍????Top 10 MEME Coins in accordance with 24-hour social quantity

1⃣ $ doge #dogecoin
2⃣ $ shib #Shiba Inu
3⃣ # 100xcoin
4⃣ #extend
5⃣ $ ass #australiansafeshepherd
6⃣ # hodl20
7⃣ $ ban #banana
8⃣ #poocoin
9⃣ $ hoge #hogefinance
???? $ hokk #hokkaiduinuhttps://t.co/IOXKwBjfFu pic.twitter.com/mLUeEjA1vj

– LunarCRUSH Social Listening for Crypto (@LunarCRUSH) September 5, 2021

After the primary months of large growth, the eighth largest token up to now continues to be receiving nice assist from the group. In truth, Tesla CEO Elon Musk and billionaire Mark Cuban overtly assist Dogecoin.

In addition, the analyst of “Altcoin Sherpa” tweets Extreme optimism, accompanied by technical evaluation to again up the argument that DOGE hit $ 1 within the medium time period, is just a matter of time.

“DOGE: It’s not about whether the price will reach USD 1 or more, but when …?”

Source: Altcoin Sherpa

Given the present price of DOGE, there may be actually nonetheless a protracted solution to go and will require persistence on the a part of buyers. Another analyst, Justin Bennett, explain:

“DOGE is one of those coins where the moment you think it’s dead the price takes off and you miss your flight.”

The following graphic explains his optimism.

The supply: Justin Bennett

He added:

“Patience is the important thing when you find yourself not in it but. Lower to $ 0.295 or get $ 0.31 again. That’s how I might go about it if I wasn’t already at it. “

As reported by Bitcoinist, analyst Scott Melker additionally believes that the DOGE price will quickly return to USD 0.35.

So far there are numerous exchanges which have DOGE listed. In the yr up to now (YTD), DOGE has elevated by a whopping 6,508%.

The query is, will the highest meme coin hit new highs within the coming days? Well, be patient and time will inform.

We invite you to affix our Telegram for sooner information: https://t.me/coincunews

Minh Anh

According to AMBCrypto

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