DOGE Explodes by 35% in 2 days But Is That Just the Start?

TL;DR

Meme coin season appears to be making a comeback, with many experiencing significant price increases, led by Dogecoin (DOGE).

DOGE's price has surged double digits daily, weekly, and monthly. Analysts believe this is just the beginning of a larger upward trend.

Recall that DOGE's price recently fell to a multi-month low of $0.13 amidst global economic uncertainty. However, as macroeconomic conditions improved, so did the cryptocurrency market, with DOGE among the top performers.

By May 8th, DOGE was trading around $0.17. Within 48 hours, it jumped 35%, reaching its highest level since early March, at approximately $0.23.

Prominent cryptocurrency analysts have issued bullish predictions. Ali Martinez, for example, anticipates a rise to $0.27, citing a strong rebound from its ascending support trendline. Satoshi Flipper offered an even more optimistic forecast, predicting a surge towards $0.40. Cephii, in a post to nearly 80,000 followers, suggested a new price floor for DOGE due to the anticipated approval of ETFs, advising holders to buy more if the price dips to $0.19.

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