Miracles are coming! Can Dogecoin become the dark horse of the cryptocurrency market?
Dogecoin rises alongside Bitcoin
With the significant rise in Bitcoin's price, Dogecoin's market value has now reached $53 billion, which is similar to BNB. This is Dogecoin's highest price in the past three years, and it is not far from its previous all-time high, just about twice the distance away. If it continues to rise, Dogecoin may surpass BNB and Solana, becoming the fourth largest cryptocurrency by market capitalization.
Dogecoin is performing the best among the top ten cryptocurrencies. In the past month, Dogecoin has surged by 252%, while the second place, Cardano, has only increased by 66%. In comparison, XRP has increased the least, by only 12%.
Dogecoin is expected to set new highs
After Dogecoin's price broke the $0.35 mark, there are no significant resistances ahead. It is getting closer to its all-time high, and some data also indicates that it may continue to rise. On platforms like Binance, OKX, and Bybit, there are many more buyers than sellers for Dogecoin, indicating that people are optimistic about Dogecoin and believe it will rise further.
Some predict Dogecoin could break $1 by the end of the year
Based on Dogecoin's current price trend, some predict it may rise above $1 before the end of the year. Dogecoin has already broken through previous resistance levels, and the current main resistance level is at $0.7605, which is its highest point reached in 2021.
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