Crypto expert WIZZ predicts that Dogecoin will soon outperform major assets like Bitcoin and XRP, fueled by Elon Musk’s upcoming marketing efforts.
Dogecoin was one of the main victims of the last bearish storm which has overtaken the crypto market. On Tuesday, the meme coin traded at $0.3978, moving closer to regaining the $0.400 price level last seen in December 2024.
However, the declines quickly outpaced market sentiment and Dogecoin returned to a low of $0.34. This is a significant decline of 15% from the January peak.
Nonetheless, this performance has not deterred the optimism of some Dogecoin bulls. In a recent tweet“WIZZ,” a crypto commentator with over 768,000 followers on X, argued that Dogecoin will make a comeback and outperform major crypto assets.
“Dogecoin will outperform most majors” he said.
This sentiment expects Dogecoin to outperform its major rivals, such as Bitcoin, Ethereum, Solana, XRP, and BNB.
Dogecoin outperforms major assets
Notably, the 30-day time frame shows that Dogecoin is performing the worst compared to these major tokens. Specifically, Dogecoin is trading at a massive 20% loss, while Solana and Ethereum are seeing monthly losses of 13%. Meanwhile, Bitcoin, XRP, and BNB are seeing a loss of around 3% over the same 30-day period.
However, over an extended period like the 90-day period, the current Dogecoin price shows a gain of 225%. Others are seeing gains of less than 60%, except for XRP, which has a more impressive 340% gain.
Still, WIZZ pointed out that Dogecoin could soon even far surpass these top crypto assets. He gave a deadline of nearly three to six months for this projection to come true.
“Elon Musk Dogecoin Marketing Begins Soon”
According to him, Dogecoin’s bull run would be led thanks to the efforts of Elon Musk. “Elon Marketing starts soon” WIZZ wrote.
Musk is notably known for his open and subtle promotion of Dogecoin, which has often led to dramatic price fluctuations for the same room.
Now that Musk is leading the new “Department of Government Effectiveness,” aka DOGE, under the Trump administration, enthusiasts expect Dogecoin to benefit from the subtle correlation.
Notably, most analysts expect Dogecoin to repeat its performance during the last bull season. A chart shared by analyst Ali Martinez shows that Dogecoin saw 15,524% growth during the 2020/2021 bull run.
Musk’s promotion of Dogecoin throughout the season contributed significantly to the rise.
Martinez predicted that the price of Dogecoin could reach up to $23 if last season’s trend repeats this time around. Some other analysts are even call for $37 for Dogecoin in this cycle.
At the same time, conservative estimates have highlighted between $1 and $3 as realistic projections for Dogecoin.
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