Disclaimer: The opinions expressed by our editors are their own and do not represent those of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
The most popular meme cryptocurrency, Dogecoin (DOGE)has the possibility to follow Bitcoin (BTC) if the main cryptocurrency continues its rise. This opinion was expressed by an expert trader widely known in cryptocurrency circles under the nickname “Don Alt.” According to him, DOGE is one of the few altcoins capable of outperforming the leading cryptocurrency.
The trader has already expressed his bullish opinion on the meme coin and its price chart. Just yesterday, DonAlt in an article on to $0.40 in mid-November.
Related
If we assume that the next wave of growth will be at least half as large as the first, we can easily assume that Dogecoin will not only renew its high price, but will finally cross the long-awaited and cherished mark of $1 per DOGE.
Additionally, the trader noted the commitment to consolidation followed by an upward movement in DOGE in small periods, such as the hour. THE Dogecoin Price has already pulled off this sort of trick twice, and the third consolidation is forming here and now.
But first Bitcoin
However, as the trader’s thesis shows, the Bitcoin movement is essential. The leading cryptocurrency, in turn, does not upset the bulls and continues to update its historical maximum price, it seems, at least once a week.
Related
Just yesterday, BTC price hit a new high of $93,905 on Binance. It appears that Bitcoin refreshes all-time highs so frequently that the reaction to this event, previously considered extremely rare, surprises few people.