Источник Decrypt.co, New York, USA
Заголовок Dogecoin Could Soar 'Far Beyond' Current All-Time High Price: Analyst
Дата 20241115

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Dogecoin Could Soar 'Far Beyond' Current All-Time High Price: Analyst

Dogecoin Could Soar 'Far Beyond' Current All-Time High Price:
Analyst

With Dogecoin reaching new levels of political and cultural relevance, experts
are throwing out old assumptions about DOGE's potential peak.

By Sander Lutz

Nov 15, 2024 Nov 15, 2024

3 min read

Dogecoin. Image: Shutterstock

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Even months ago, it would’ve sounded like a meme-induced fever dream. Crypto
emerging as the biggest winner of the 2024 election; Elon Musk, Dogecoin ’s
most prominent advocate , rising to unprecedented levels of influence and
power; the incoming U.S• Соединённые Штаты Америки (США). presidential administration planning to establish a
new federal agency—literally—called D.O.G.E.

But it’s all real, and it’s all happening. And off the remarkable events of
the last week, Dogecoin has soared. On election day, DOGE hovered around
$0.15. Since then the token has nearly tripled in value, nearly touching $0.43
on Wednesday and hitting a three-year peak this week.

The world’s first meme coin has been here before, though, and tends to lose
steam after major rallies. So how long is Dogecoin’s moment likely to last
this time around?

Experts who spoke with Decrypt expressed conviction that Dogecoin has emerged
from this week’s events a changed token—that, therefore, looks poised to still
have its best days ahead.

Thomas Bautista, a research analyst at GSR, explained that whereas Dogecoin’s
value was previously tied to one-off news cycles—such as Musk shilling the
meme coin onSaturday Night Livein 2021—the token has now become so
remarkably integrated with American politics and culture that it has graduated
to a new level of sustained relevance.

“I'm very hesitant to put a cap on it, because now you actually have this
ongoing attention cycle,” Bautista told Decrypt of Dogecoin’s potential price
ceiling in the coming months.

For that reason, Bautista believes, the coin looks poised to break its
previous habit of rising gleefully due to an unexpected (typically
Musk-related) plug, and then deflating.

No longer is DOGE a prisoner of the moment that's just going to go up
20% and then die next week,” the analyst said.

He also pointed to the increased likelihood, given the suddenly, rabidly
pro-crypto tenor of the incoming American government, and Musk’s centrality to
it, that Dogecoin could finally become a payment method for Twitter or Tesla
in short order.

You now have more and more of a dynamic narrative around Dogecoin the asset,
which has never really existed,” Bautista said.

What does that mean, tangibly, for DOGE’s potential performance in the coming
months? Ryan Rasmussen, Bitwise’s Head of Research, told Decrypt he “would not
be surprised” to see Dogecoin movefar beyond” its previous all-time high
price of $0.73 in the coming months— particularly in the build-up to
President• Соединённые Штаты Америки (США) » Государственное устройство США » Президент США

• Соединённые Штаты Америки (США) » Политика США » Политики США » Президент США

• Политика » Политика США » Политики США » Президент США

• Государство » Государственное устройство США » Президент США
-elect Donald Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд’s inauguration on January 20.

With the exception of crypto mainstays like Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin , Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum , and Solana ,
Rasmussen said, he expects that if the digital assets market continues its
extraordinary rip into next yearas many are expecting —then Dogecoin will
maintain its position near the front of the pack.

If we're higher in January from where we are today, I would expect
Dogecoin to outperform most other crypto assets,” Rasmussen said.

That doesn’t mean, to be clear, that the analysts expect Dogecoin will stay up
forever.

All of this creates a higher ceiling,” GSR’s Bautista said. “But
sustainability is still in question.”

Edited by Andrew Hayward

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============= Итог: 3,5320 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Bitcoin 3,5320 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin#Ethereum 2,8563 ; Политика#Политика США#Политики США#Президент США#Трамп, Дональд 1,3125 ; Коммуникации#Интернет-коммуникации#Электронная почта 3,3875 ; Соединённые Штаты Америки (США)#Государственное устройство США #Президент США#Трамп, Дональд

============= Объекты: персоналии Трамп, Дональд Избранный президент США Президент США (2017/01/20-2021/01/20) соц_роль Президент США

============= Географические объекты: 1 40.000000000,-100.000000000 Соединённые Штаты Америки (США)

============= Связи: Bitcoin # ассоциации 2014-*** # Ethereum Соединённые Штаты Америки (США) # объект-география # Discover


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