Analysts' Dogecoin (DOGE) target: It can rise to $4!

Dogecoin ($DOGE ) price has sparked speculations about the $4 target with its recent rise. While whale activity and strong bull momentum support DOGE, can the popular memecoin reach $4 this cycle?

As of November 19, Dogecoin is performing strongly and analysts say it could exceed $4 this cycle. Crypto analyst Zer0 stated that the $4 target for DOGE is not too far-fetched.

#DOGE is currently trading at $0.3874 and has increased by 3.7 percent in the last 24 hours.

Crypto analyst Zer0 predicts that Dogecoin could rise above $4. The analyst thinks that the DOGE price is low and the story behind it could push the price even higher.

If Dogecoin reaches $4, its market value will reach $584 billion. Although the Elon Musk effect and the establishment of projects such as the Department of Government Efficiency (D.O.G.E) make it possible to reach this valuation, this goal seems very difficult in the short/medium term.

Another analyst, Bluntz, predicts that DOGE will rise, but it will be a slow process. Based on Elon Musk's X post, Bluntz gave a target of $ 1 for Dogecoin, which excited his followers.

The elements to watch out for for the popular memecoin will be Elon Musk and D.O.G.E. Musk's continued social media posts about Dogecoin could push the price even higher.