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😱🚀🚀Dogecoin Price Prediction: Is DOGE Ready for a 350% Rise?
One analyst suggested that the correction could be “healthy” and potentially lead to a significant price increase.
Was Doge's Last Correction Healthy?’
The largest meme coin in terms of total market capitalization – #Dogecoin (#DOGE ) - has been seriously affected by the recent market decline, and its price has risen by over 23% in a week. However, the situation does not look so negative today (April 19), as the asset has regained the lost ground with an increase of about 4% on a daily basis.
A popular analyst who has addressed the DOGE's turbulence is JAVON MARKS. User X described the fix as a “healthy pullback” that reminded him of the asset's impressive performance since the beginning of the year.
JAVON MARKS went even further, estimating that such a price pullback could go “uphill” by 0.65% towards the $315 target.
Other analysts who have recently predicted a bright future for DOGE include X users Mikybull Crypto and Trader Tardigrade.Dec. The former claimed that ”the real bull run is about to start“, while the latter argued that Dogecoin is running a ”7-year Cycle", that is, a price explosion towards the ridiculous $ 40 is not out of the cards.
Waiting for These Factors
DOGE may indeed be on the verge of a significant rally, given the fact that Bitcoin's halving is only hours away. The event, where miners will receive twice as much BTC to verify blocks on the blockchain, reduces the amount of new coins entering the market, potentially making the asset more valuable over time (if demand increases or remains the same).
Historically, every Deceleration (which occurs roughly every four years) has been a precursor to a major revival of Bitcoin and the entire cryptocurrency sector, meaning Dogecoin could be among the winners.
