Recent weeks have proven two major general facts. Bitcoin (BTC) still has the capacity to be incredibly volatile in both directions having had daily rises and falls amounting to as much as $5,000, and meme coins still have the potential to outperform other cryptocurrencies under the right circumstances.
In fact, at the start of March, meme coins accounted for 5 out of 7 top weekly gainers in the crypto market and, while they have since fallen off, they remain strong contenders for providing some of the most staggering bull runs in 2024.
One of the most exciting such cryptocurrencies in the context of the ongoing rally – and in the leadup to April Fools Day – is the world’s premier internet-joke-based, dog-themed coin, Dogecoin (DOGE).
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Dogecoin likely to skyrocket in April
Not only is DOGE, along with Shiba Inu (SHIB), the most recognizable meme coin in the world, but is also favored by the billionaire and meme lord extraordinaire Elon Musk.
Adding to the excitement and possible future successes of DOGE, Ali Martinez, a prominent crypto expert, took to X to opine that, should Dogecoin’s future at all resemble its past performance, the coin might be in for a surge to $1 by mid-April:
This may sound wild, but if history is any guide, Dogecoin $DOGE could hit $1 by mid-April!
Should the prediction – based on DOGE’s performance in the leadup to its historic rallies – come to pass, Dogecoin will, in a matter of weeks, skyrocket 488.24% from its press time price of $0.1677.
Finally, should DOGE manage to reach $1 in April, it would not only secure a new all-time high price but also raise its market cap above $140 billion, thus making it the third-largest cryptocurrency in the world should others remain level. Under these circumstances, Dogecoin would overtake the likes of Tether (USDT), Xrp (XRP), Binance Coin (BNB), and Solana (SOL)
DOGE price chart
While DOGE may or may not have its 500% surge in the coming weeks, the meme coin has already seen an impressive surge in 2024. Year-to-date, the cryptocurrency is up as much as 85.29%.
The bulk of this rise took place in the last 7 days which saw Dogecoin skyrocket 38.94%. The latest trend has also been positive and DOGE rose 10.04% to the press time price of $0.1677 in the most recent 24 hours of trading.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
