🆘Some believe that Dogecoin has the potential to break through $1 and become a new bull market leader by 2025, mainly based on the following reasons:📈
-Professional institution prediction: Alex Thorn, head of research at Galaxy Digital, predicts that Dogecoin may soar 170% to $1, pushing its market value to $100 billion.
-Historical performance pattern: CryptoRank data shows that January was the best month for Dogecoin, with an average return rate of 85%. In January 2021, Dogecoin rose 711%, and its return rate in January 2014 was 269%.
-Recent market performance: Dogecoin prices have shown strong upward momentum recently, rising 21% in the past week and reaching a peak of $0.39. On January 3rd, whale investors purchased over 1.08 billion DOGEs worth $413 million.
-Celebrity Effect Assistance: US President elect Donald Trump announced the establishment of the Department of Government Efficiency (DOGE) and appointed Elon Musk as its head, bringing more attention and market heat to Dogecoin.
-Technological breakthrough: Dogecoin has broken through the 3-year long symmetrical triangle. In technical analysis, the symmetrical triangle is a continuation pattern that usually develops in the direction of previous trends.
However, Dogecoin also faces some risks and uncertainties in achieving this goal, such as high volatility in the cryptocurrency market, uncertainty in policies and regulations, and impact from competing projects.
𝗽𝘂𝗽𝗶𝗲𝘀 This Ethereum based token is hailed as the next SHIB, with extraordinary potential and worth paying attention to!
