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DOGE to Moon? 30% Dogecoin Price Rally Predicted in Next 3 Months
The post DOGE to Moon? 30% Dogecoin Price Rally Predicted in Next 3 Months appeared on BitcoinEthereumNews.com. The price of probably the most beloved and biggest meme coin, Dogecoin (DOGE), may see 30% growth in the next three months. As it draws from the price history of DOGE, presented by CryptoRank, the average returns for the meme coin in March, April and May stand at +1.65%, +68.2% and +23%, which makes the average of these three 30.89%. Yes, the median figures are significantly lower, with -4.70%, +3.45% and +2.51% returns, respectively. But DOGE rarely moves in such small margins from month to month, and history saw its 87.5% and 19.1% growth last March and May, or 546.9% in April 2021. Related Dogecoin Price History by CryptoRank More to the point, if you take a look at the infographics, you may notice how the meme coin tends to show explosive results in spring. All cryptocurrencies have that in common, blooming as the market gets rid of the freezing burden of winter and gets warmer while the weather outside also becomes warmer. Expect the unexpected Cycles, patterns, historical echoes – they all play a role. And DOGE, well, it has a history of defying expectations, acting less like a predictable asset and more like a wild card that thrives on sentiment, momentum and, of course, internet culture. Even now, as the broader market remains in recovery mode, the possibility of DOGE making another unexpected move is something traders, holders and casual observers should keep an eye on. Dogecoin Price by CoinMarketCap If the average return in the next three months stabilizes somewhere around 30%, the price of Dogecoin may make it back above $0.30, just 146% pure move away from a new all-time high for what was created as a satire of Bitcoin and is now a $34.14 billion asset. Related A long way to go? Sure. Impossible? Not quite. After all, DOGE…
The post DOGE to Moon? 30% Dogecoin Price Rally Predicted in Next 3 Months appeared on BitcoinEthereumNews.com.
The price of probably the most beloved and biggest meme coin, Dogecoin (DOGE), may see 30% growth in the next three months. As it draws from the price history of DOGE, presented by CryptoRank, the average returns for the meme coin in March, April and May stand at +1.65%, +68.2% and +23%, which makes the average of these three 30.89%. Yes, the median figures are significantly lower, with -4.70%, +3.45% and +2.51% returns, respectively. But DOGE rarely moves in such small margins from month to month, and history saw its 87.5% and 19.1% growth last March and May, or 546.9% in April 2021. Related Dogecoin Price History by CryptoRank More to the point, if you take a look at the infographics, you may notice how the meme coin tends to show explosive results in spring. All cryptocurrencies have that in common, blooming as the market gets rid of the freezing burden of winter and gets warmer while the weather outside also becomes warmer. Expect the unexpected Cycles, patterns, historical echoes – they all play a role. And DOGE, well, it has a history of defying expectations, acting less like a predictable asset and more like a wild card that thrives on sentiment, momentum and, of course, internet culture. Even now, as the broader market remains in recovery mode, the possibility of DOGE making another unexpected move is something traders, holders and casual observers should keep an eye on. Dogecoin Price by CoinMarketCap If the average return in the next three months stabilizes somewhere around 30%, the price of Dogecoin may make it back above $0.30, just 146% pure move away from a new all-time high for what was created as a satire of Bitcoin and is now a $34.14 billion asset. Related A long way to go? Sure. Impossible? Not quite. After all, DOGE…
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