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Dogecoin has yet to reach an altitude of $ 0.74 ever previously from 2021, but however. The $ 1 goal remains altcoin This course. This is due to the expectation of another altcoin season that can send the price in a similar run seen in 2021. However, if the price of Dogecoin is actually repeating what happened in the previous two sessions, the $ 1 sign may only be a starting point, given the high price.
The price of Dogecoin reflects the previous sessions
Tardigrade dealer I noticed A frightening similar pattern on the Dogoin price chart that can suggest a quick upward movement. This pattern is similar to what was seen in the last two sessions, right -wing The price of the Mimi currency was preparing to raise.
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As the graph appears, this style first appeared before the upscale gathering in 2017. It begins two years before the ALTCOIN price makes low peaks and then the trends down to re -test. After that, there is a period of monotheism before breaking the direction and the bullish gathering begins. On the Taurus 2017-2018 market, this pattern has seen the Dogecoin prices raised by more than 2000 %, from less than $ 0.00018 to more than $ 0.0075 in months.
Then again, in the Taurus 2020-2021 market, a similar pattern was formed directly before the assembly, ending in the outbreak of monotheism. Interestingly, this time, the resulting penetration was more prominent, as the price of Meme Coin increased by more than 30,000 %. This has seen a range of less than $ 0.002 to more than $ 0.73 in months. This is still the highest level of Dogecoin price yet.
Again, a similar pattern appeared, and it appears that Dogecoin is on the next penetration verge. Going by performing the previous cycle and the steady rising arrangement, it is possible that the current penetration will witness a higher investment return than previous sessions. However, there are now restrictions on the maximum market over the height of Meme.
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However, even if The price of Dogecoin was to manage a similar height Like the 2017-2018 course, the price will reach 4 dollars from here. Nevertheless, the price of Dogecoin is expected to cross through the coding phase, which increases $ 12.
However, due to the provision of a high -149 billion coins, the possibilities of this session are very small. The price of $ 12 will put the Meme currency at the head of the market, which is more than 1.7 trillion, which has not been achieved until Ethereum, the second largest encrypted currency depending on the maximum market, yet.
Distinctive image from Dall.e, Chart from TradingView.com
