- Crypto analysts predict big price jumps for Dogecoin, BOOK OF MEME, and dogwifhat.
- Dogecoin could surge over 50% to hit $0.33, while BOOK OF MEME might break resistance at $0.0152.
Altcoin Sherpa, a prominent crypto analyst, has set the stage for a potential Dogecoin (DOGE) breakout surge. Sherpa predicts a bullish momentum propelling the meme coin to surpass its resistance at $0.195 and surge over 50% to reach $0.33.
The anticipated rally in DOGE comes amidst a recent bullish momentum in the cryptocurrency market, fueled by factors including the launch of Dogecoin futures products on Coinbase. The availability of futures trading on a major exchange like Coinbase has significantly boosted liquidity and investor interest in Dogecoin, setting the stage for a potential parabolic bull run.
$DOGE: On its road to $.33
other memes still doing great
DOGE isnt going to give you the returns of the others but you can size up on it which is nice pic.twitter.com/xB3qaZcM3O
— Altcoin Sherpa (@AltcoinSherpa) March 30, 2024
Another memecoin on Altcoin Sherpa’s radar is BOOK OF MEME (BOME), based on the Solana (SOL) blockchain. According to Altcoin Sherpa, BOME will likely break above its current resistance level of $0.0152 and reach as high as $0.018. Despite the expected breakout, Altcoin Sherpa suggests that the rally might take some time to materialize fully. Nevertheless, the bullish sentiment surrounding BOME reflects the broader optimism in the meme coin market as investors seek high-growth opportunities within the cryptocurrency space.
$BOME: I think goes to .018 eventually but might take a bit. Other memes likely steal the show pic.twitter.com/zen8PdQ6fS
— Altcoin Sherpa (@AltcoinSherpa) March 30, 2024
Altcoin Sherpa’s analysis extends to dogwifhat (WIF), a memecoin poised for remarkable gains. WIF may rise to new all-time highs, according to Altcoin Sherpa, especially if it breaks above the 1.618 Fibonacci barrier at $4.57. The analyst refrains from setting specific price targets but acknowledges the impressive performance of WIF, indicating the possibility of reaching $5.70 if the current bullish momentum sustains. WIF’s trajectory exemplifies the dynamic nature of the cryptocurrency market, where meme coins often experience rapid price movements driven by speculative trading and market sentiment.
$WIF: Amazing moves for this one, congrats for everyone who rode this hard. I don't have any targets tbh. Maybe $5.70 is next up if it can sustain this move pic.twitter.com/q47iMXyctg
— Altcoin Sherpa (@AltcoinSherpa) March 30, 2024
DOGE’s Recent Bullish Momentum
DOGE’s recent bullish rally, accompanied by a notable 2% increase over the past week, has captured the attention of investors and analysts alike. This surge is attributed to various factors, including the excitement surrounding Doge Day, a significant event celebrated by Dogecoin enthusiasts.
Analysts suggest that DOGE may be at the initial stages of a significant upward trajectory, potentially mirroring the pattern observed between 2018 and 2021. While this projection brings anticipation of DOGE nearing the coveted $1 mark, it’s essential to note that past performance does not guarantee future results. Market sentiment remains a crucial determinant of DOGE’s price movement, with the possibility of a bearish turnaround looming over the horizon.
Anatoly Yakovenko Addresses the Rise of Meme Coins
Amidst the meteoric ascent of Dogwifhat, Anatoly Yakovenko, one of the founding figures behind Solana, has stepped forward to share his views on the phenomenon of meme coins. In a recent social media post, Yakovenko offered insights into his perspective on these controversial tokens, which have gained significant traction in the crypto market.
Memecoin are bad, but if they donate to a public good then they have paid a penance for the bad thing.
I find this logic to be nihilistic.
I’d rather see people that hodl a memecoin change their behavior and go do something good, like walk dogs at a dog shelter and encourage…
— toly 🇺🇸 (@aeyakovenko) March 29, 2024
Yakovenko condemned what he termed as the “nihilistic logic” associated with meme coins, particularly addressing the notion that charitable donations could absolve their negative aspects. Instead, he advocated for a more personal approach, urging holders to utilize their profits for tangible community service, such as volunteering at local dog shelters. He emphasized the importance of holders influencing each other toward positive actions, likening meme coins to “transferable loot boxes.”
While acknowledging the crypto market’s cultural allure and frantic nature fueling Dogwifhat’s rise, Yakovenko refrained from passing judgment on meme coins as inherently good or bad.
