Following its price surge in 2021, Dogecoin has develop into one of the sought-after cryptocurrencies, with many expecting a repeat of this performance. Since then, the Dogecoin price has didn’t surge, leaving investors wanting more. Nonetheless, this era of poor performance could also be drawing to an in depth as a crypto analyst expects a major price surge for the meme coin.
Dogecoin Price Headed For A Latest All-Time High
Despite seeing a recovery from the recent market crash, the Dogecoin price remains to be well below its all-time high price of $0.07376 recorded in May of 2021. For some, it is a bad sign, while others consider that it signifies that the meme coin is at an excellent level for getting.
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Considered one of the crypto analysts who’ve maintained their bullish stance on Dogecoin is Alan Santana. In a recent evaluation, Santana revealed his high expectations for the Dogecoin price, predicting that the most important meme coin by market cap is headed for a latest all-time high price.
Within the evaluation, the crypto analyst revealed that he expects that the Dogecoin price will eventually reach as high as $2.55. This price point, if achieved, would mean that the Dogecoin price will see an over 2,500% increase in price from its current value.
Maybe even more interesting than the value point is the timeframe for this. Santana expressed that he expects the DOGE price to reach this goal by 2025. It might also mean a 200% increase from its current all-time high as well.
When Is The Best Time To Buy DOGE?
The crypto analyst also took time to remind readers of the importance of holding. A number of the other things outlined include not being greedy, not being in a rush, and never attempting to only sell the highest. Moderately, the crypto analyst believes that now’s the time to purchase and the one time to sell is within the yr 2025.
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In line with Santana, it doesn’t matter where one buys Dogecoin now. So long as the value crosses $1, it could mean profits no matter when the coins were bought. “The essential thing is to purchase red, when prices are low,” the analyst said. “The essential part is to enter the market when things are boring and individuals are away. That is the very best time to purchase. If there’s excitement and hype, it signifies that it’s already too late.”
Finally, the crypto analyst points out the proven fact that the market moves in waves, meaning it doesn’t go up or down perpetually. For Dogecoin, Santana stated: “It has been happening, soon it’ll begin to go up.”
DOGE price wobbles with bearish pressure | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com