Dogecoin Surges 31%: Can DOGE Reach $1 in 2024?

The price of the original meme coin, Dogecoin, surged over 31% in the last 24 hours. The price of DOGE reached above $0.1264, a rare event that happened in 2024. The OG meme coin is up by 31% at press time, according to the latest data from CoinMarketCap.

Software developers Billy Markus and Jackson Palmer created Dogecoin on December 6, 2013. The cryptocurrency Features the Shiba Inu “doge” meme as its mascot. Dogecoin, which its creators originally intended to be a lighthearted cryptocurrency, has developed over the past ten years to become one of the most popular digital currencies.

The last time DOGE breached the $0.10 level was on its tenth birthday in December 2023. However, DOGE was putting on a muted performance recently, up until its recent surge.

Also read: Shiba Inu Forecasted To Reach 25 Cents: Here’s When

Can DOGE Reach $1 in 2024?

The recent surge comes as Bitcoin briefly topped $64,000 before falling to its current price of $61,740. Dogecoin’s 24-hour surge has also caused its market cap to hit $18 billion, making it the ninth-largest cryptocurrency.

DOGE surged from a 24-hour low of $0.09477 to its current price above the $0.12 range. With meme coins like Shiba Inu, PEPE, and BONK exhibiting notable gains, experts predict that the meme coin mania could have begun.

Also read: Ethereum Hits $3,300: How High Can ETH Go This Weekend?

Perhaps, the real question arises whether DOGE can hit $1 in 2024. According to the analysts at Changelly, DOGE is predicted to hit $1 by 2030.

Dogecoin
Source: Changelly

However, the OG meme coin also maintains a robust online community, with Elon Musk touting DOGE as his favorite cryptocurrency. If Musk decides to incorporate DOGE into X, this could drive up its price as the coin will have a newborn utility. The overall market conditions will also play a crucial role in determining whether DOGE can hit $1 in 2024.

Comments

Post a Comment

Popular posts from this blog

3 cryptos below $0.2 to outperform Polygon (MATIC) in 2024

Image
Welcome to the world of cryptocurrency, where trends shift rapidly and opportunities abound. In this dynamic landscape, investors are constantly seeking the next big thing. Today, we explore three cryptocurrencies priced below $0.2 that have the potential to outshine even established players like Polygon (MATIC) in 2024. From the meme-fueled momentum of Shiba Inu (SHIB) to the innovative strides of Retik Finance (RETIK) and Stellar's (XLM) promising developments, these gems offer enticing prospects for growth. Let's delve into their potential and what sets them apart. Overview of Polygon (MATIC) and Its Performance Polygon, formerly known as Matic Network, has emerged as a leading layer 2 scaling solution for Ethereum, aiming to address the network's scalability issues. With its innovative technology, Polygon provides faster and cheaper transactions, making it an attractive choice for decentralised applications (dApps) and developers. In 2023, Polygon experienced sign
Read more

Horizen Labs, Offchain Labs, and Arbitrum Foundation Develop Apechain

Horizen Labs, Offchain Labs, and the Arbitrum Foundation have initiated the development of a dedicated blockchain, Apechain. Apechain will utilize APE as its utility and gas tokens, fostering the expansion of the token’s reach. The platforms shared their enthusiasm for the new development while the community accepted the proposal. In a bid to expand the utility and reach of APE coin, Horizen Labs, Offchain Labs, and the Arbitrum Foundation have initiated the development of a dedicated blockchain, Apechain. In a recent revelation, the blockchain platform, Offchain Labs, unearthed the community’s acceptance of the Apechain development proposal, indicated by a more than 50% support rate. Congratulations to @apecoin DAO on its decision to develop ApeChain utilizing the Arbitrum tech stack! With $APE serving as both the gas and governance token for ApeChain, Arbitrum Orbit's customizability empowers @ApeCoin DAO with true ownership and control over this… — Of
Read more

Hedera Price Prediction (June 2023)

Image
Hedera (HBAR) Price Prediction June 2023: Analyzing the Future of the Hedera Hashgraph Network In recent years, the cryptocurrency market has experienced significant growth and innovation. One such project that has gained attention is the Hedera Hashgraph network, which offers a unique approach to decentralized applications (dApps) and transaction processing. With its declared throughput of 10,000 transactions per second, Hedera Hashgraph aims to provide a scalable and efficient solution for various industries. In this article, we will dive into the world of Hedera Hashgraph and analyze its price prediction for June 2023. We will explore the historical performance of HBAR, the native cryptocurrency of the network, and examine various factors that could influence its price in the coming months. So, if you’re interested in investing in Hedera or simply curious about its future, keep reading to gain valuable insights. Source: exodus.com Hedera Hashgraph: A Brief Overview Hedera Hashgraph
Read more