Dogecoin (DOGE) is on a roll. The OG meme coin crossed the $0.25 mark on November 10, 2024, for the first time in three years, then added another 25% in the last 24 hours to reach $0.28. Meanwhile, its market cap surged to a three-year high and is currently hovering near $42 billion.<\/p>\n
As a result, Dogecoin flipped XRP and the USDC stablecoin to become the sixth-largest crypto asset by market cap.<\/p>\n
Experts suggest that the token may be primed for more accelerated gains. Crypto analyst under the pseudonym \u2018Mikybull Crypto\u2019 said<\/a> that Dogecoin has just experienced a \u201cgolden cross\u201d on its weekly chart, a bullish technical signal that last appeared in Q4 2020 before a massive price rally.<\/p>\n With the current golden cross, the analyst suggests that the asset may once again be poised for a significant upward trend. Based on Fibonacci extension levels, price targets between $2 and $4 appear achievable in this cycle, sparking optimism for a repeat of its historic growth trajectory.<\/p>\n Drawing from historical price patterns, another popular crypto analyst, Ali Martinez,\u00a0said that Dogecoin\u2019s potential peak may align between the Fibonacci retracement levels of 1.618 and 2.272.\u00a0If this analysis holds, it places the meme coin\u2019s possible top in the range of $3.95 to $23.26 \u2013 a massive leap from its current price levels.<\/p>\n #Dogecoin<\/a> $DOGE<\/a> is about to go parabolic! Based on historical patterns, a potential top might lie between the 1.618 and 2.272 levels, translating to a price range of $3.95 to $23.26. pic.twitter.com\/FqvC3AEF7o<\/a><\/p>\n \u2014 Ali (@ali_charts) November 10, 2024<\/a><\/p>\n\n Meanwhile, another bold prediction<\/a> suggests that Dogecoin could hit $30 by March 2025.<\/p>\n This surge can be attributed to Elon Musk, CEO of Tesla and SpaceX, who has been vocal in his support of Donald Trump, now President-elect, and even joined him on the campaign trail. Musk hinted at a possible role as the head of a proposed Department of Government Efficiency (D.O.G.E.). This was enough to stir humorous speculation that Musk might bring Dogecoin into the Treasury.<\/p>\n Following Trump\u2019s victory and his pledges to support the crypto industry, the prices of several dog-themed assets have rallied over the past week. This includes Shiba Inu (SHIB<\/a>), which moved up in market cap rankings to become one of the largest cryptocurrencies, surpassing Tron (TRX) and Toncoin (TON) along the way.<\/p>\n The post After XRP, Dogecoin Overtakes USDC to Become 6th-Largest Crypto by Market Cap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Dogecoin (DOGE) is on a roll. The OG meme coin crossed the $0.25 mark on November 10, 2024, for the first time in three years, then added another 25% in the last 24 hours to reach $0.28. Meanwhile, its market cap surged to a three-year high and is currently hovering near $42 billion. As a […]<\/p>\n","protected":false},"author":0,"featured_media":19475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19474"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19474"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19475"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What\u2019s Behind The Hype?<\/h2>\n