Famous crypto analyst DonAlt expressed an optimistic view on Dogecoin (DOGE), suggesting that the meme coin could experience significant price increases in the near future. In a new video on his YouTube channel, DonAlt talked about the possibility of DOGE surpassing its all-time high (ATH) and reaching the $1 level.

DOGE Pointed to This Level to Buy

He pointed to the support break on the recent PTC chart as a potential entry point for investors. DonAlt stated that he would consider buying the cryptocurrency DOGE if DOGE falls to $0.1, especially if Bitcoin continues its upward trend.

Comparing Bitcoin and DOGE, DonAlt stated that investing in the meme coin DOGE could provide better returns, especially if Bitcoin cannot return to its previous highs.

SHIB Emerges as a Strong Competitor

Analysts have turned their attention to Shiba Inu (SHIB) and suggested that the token could witness significant price increases similar to meme coin DOGE. Crypto analyst Xanrox predicted a price increase of over 300% for SHIB, indicating the potential for a new ATH in the current market cycle.

Javon Marks echoed similar sentiments, raising the possibility of cryptocurrency SHIB erasing another zero and rising to new highs.

Competition for Supremacy Continues

While both DOGE and SHIB have made significant moves in the market since the beginning of the year, there is a growing belief that SHIB may surpass DOGE. SHIB has outperformed DOGE, with a 160% increase year-to-date (%YTD) compared to DOGE's 80% increase

Analysts believe that SHIB's momentum can continue and overtake DOGE's position as the leading meme coin. DOGE and SHIB, the leaders of meme coins, compete for supremacy in the meme coin market.