Analyst Says Buying Dogecoin And Waiting For $0.4 Is The Safest Trade You Can Make, Here’s Why
Release: 2024/05/31 23:04 Reading: 397
- Original author：Bitcoinist
- Original source：https://bitcoinist.com/?p=303059
Dogecoin: A Safe Investment in a Bullish Market
A crypto analyst, Altcoin Sherpa, has recommended investors consider Dogecoin (DOGE) as a secure investment. Despite the inherent volatility of meme coins, Sherpa believes that investing in DOGE with the anticipation of a price rally to $0.4 is a prudent choice.
Several factors contribute to DOGE's potential as a profitable investment:
- Retail Interest: Sherpa predicts increased retail demand for DOGE, driving up its price.
- Social Media Influence: Tweets from influential figures like Elon Musk have historically had a significant impact on DOGE's value.
- Liquidity: DOGE has high liquidity, ensuring ease of trading without substantial price impact.
- Low Downside Risk: Compared to other meme coins, DOGE is considered relatively less risky.
Although Altcoin Sherpa does not currently hold DOGE, he acknowledges its potential for passive investors seeking long-term returns.
Whale Activity Revives Interest in DOGE
Crypto whales, large-scale cryptocurrency holders, have recently accumulated substantial amounts of DOGE. Crypto analyst Ali Martinez reports that whales have acquired over 700 million tokens, totaling approximately $112 million. This activity suggests renewed interest in Dogecoin and may contribute to its bullish outlook.
At the time of writing, DOGE trades at $0.159, showing a 24-hour increase of 0.6% and a 15.07% monthly gain.
Recent news
More>- 5 Best Crypto Presale Coins for 2025 [Updated List for 2025] 11-29
- Ethereum Meme Coin Watch: CatSlap +20%, Pepe +7% as ETH Outperforms Bitcoin 11-29
- Whales Dumping Pepe Coin As Prices Correct, Time To Sell? 11-29
- Binance Launches ‘PayDay’ Global Crypto Shopping Event with $200K Crypto Cashback 11-29
- Ethereum price up 15%—here are the meme coins to watch this altcoin season 11-29
- Dogen (DOGEN): Experts Predict 25,000% Returns – Outshining DOGE and SHIB in 2025! 11-29
- How Dogecoin Overtook Porsche in Market Cap, Hitting $54.7 Billion Milestone 11-29
- Is PEPE Price Breakout Imminent? Analyst Predicts It’s About to Go Crazy—Here’s Why! 11-29
- Next Bonk? Dogen on Track for 15,000% Gains by 2025 – Don’t Miss the Rocket! 11-28
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com