DOGE was one of the biggest winners on Thursday, which certainly came as a surprise to the industry. Prices continued to rise throughout March, with Dogecoin expected to reach $0.50 as soon as April after a 16% gain today.
The original meme coin is currently trading at $0.21, its highest level since 2021. What’s more optimistic about the coin, however, is that its rise follows a clear trend. Dogecoin is up more than 115% this month, according to CoinMarketCap.
Dogecoin breaks above $0.2 for first time since 2021; is $0.5 next?
There are a plethora of assets in the digital asset market that have performed impressively so far this year. Chief among them is Bitcoin, which reached an all-time high of $73,000 in March on the back of interest and excitement around spot ETFs. Since then, many different cryptocurrencies have outperformed many expectations.
Among them is the original meme coin, DOGE, one of the surprises to appear this weekend. Now, the price of Dogecoin is expected to rise to $0.50 as soon as April after rising 16% today. This development continues the opinion of some experts who predicted that Bitcoin would reach all-time highs even before the Bitcoin halving event.
The asset has seen plenty of bullish signals, encouraging a sustained move up to current levels. Furthermore, these don't seem to be slowing down. In the past 48 hours alone, Dogecoin’s trading volume has increased to $9.2 billion. Furthermore, its active addresses have significantly exceeded the 6 million mark.
Furthermore, the bullish momentum should continue as Coinbase announced that it will list Dogecoin futures starting April 1. This should lead to more positive sentiment, which will be exacerbated by the ever-present Elon Musk effect.
The Governor hinted that the asset might be subject to X consolidation, and those talks sent its value soaring. The combination of the upward trajectory and external developments it faces could provide the necessary development for Dogecoin to surge higher next month.
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