Crypto experts are actively discussing DOGE's future. The current price action matches Dogecoin prediction by crypto expert Capt Toblerone, who has drawn significant attention.
Predicted 30% Drop
Capt Toblerone expects Dogecoin's price to drop by 30%, targeting a buy zone at $0.108. From this point, he predicts an impressive 1,300% surge, suggesting DOGE could increase 13 times and potentially reach $1.2. Other analysts, like Kevin (formerly OG Yomi), also believe Dogecoin could surpass $1 in this market cycle, based on its past performance in bull markets.
Potential Challenges
Despite the optimistic outlook, Pav Hundal, head analyst at Australian exchange Swyftx, warns that Dogecoin's rise to $1 might be slowed by holders who bought at higher prices and might sell as the price increases, creating selling pressure. However, he also notes that DOGE's strong liquidity could support its growth.