Dogecoin did not reach the highest level of $ 0.74 in 2021, but many people still believe that it may reach one dollar during this market cycle. This is because they expect another strong gathering in Altcoins, such as those that occurred in 2021. However, if Dogecoin follows the same style that you did during the last two big sessions, it may be only $ 1 in the beginning; The price can rise much.
Dogecoin follows a familiar pattern: Repeated history?
Notice TRADIGRADE Crypto Expert Trader a similar pattern on the DOGECOIN price chart that may indicate a rapid upward trend. This style appears to be what happened during the last two bulls, before the price of Dogecoin launched.
As the graph appears, this style first appeared before the large price in 2017. It begins a few years ago when the Dogecoin price is made smaller levels and then falls to re -test. After that, the price remains fixed for a while, then the direction collapses and the price begins. During the Taurus 2017-2018 market, this has jumped on Dogecoin over 2000 %, from less than $ 0.00018 to more than $ 0.0075 in just a few months.
After that, in the Taurus 2020-2021 market, the same pattern appeared again before the price height. After a period of fixed prices, the price of Dogecoin erupted and more than before. It rose by more than 30,000 %, from less than $ 0.002 to more than $ 0.73 in a few months. This is still the highest price of Dogecoin at all.
Again, Dogecoin displays a similar pattern, and it appears to be close to another big jump. Based on the previous trends and the current fixed height, this penetration can give more returns than before. However, the total value of Dogecoin may limit the high price in reality.
However, if Dogecoin has a similar increase in prices as happened in 2017-2018, it may reach at least $ 4 from where it is now. But according to the encryption scheme, the price may rise up, may exceed $ 10, and may reach $ 12.
However, due to the presence of more than 149 billion Dogecoins circulating, it is unlikely that the price will reach $ 12 in this session. If this happens, the total value of Dogecoin (the maximum market) will be more than 1.7 trillion dollars, which is higher than even ETHEREM, the second largest encrypted currency.
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