Known as the oldest and most popular meme coin on the market, Dogecoin has had some massive price swings in the past few years. It reached an all-time high of $0.73 in 2021 but lost most of its value, dropping to below $0.05, where it stayed for over two years. However, the recent gains pushed DOGE tokens to $0.18, resulting in a major bullish phase and over 130% gains in the past week.
Can Dogecoin hit $10 during the upcoming crypto market bull run in 2024 and 2025? Let’s look at the situation closely and compare DOGE’s potential with upcoming memes such as Scotty AI, Smog Token, and Sponge V2.
Optimistic Analysts Say $10 Dogecoin Is a Possibility
Despite showing bearish signals just a few days ago, Dogecoin has turned things around, exploding by over 136% in the first week of March 2024. DOGE tokens are in a significant uptrend due to a massive increase in daily trade volumes and the overall number of investors. The platform has reentered the top 10 cryptocurrencies on the market, taking 9th place, with a market cap of just below $27 billion.
A situation like this has happened two times, about a month before Bitcoin halving events. After massive gains following halving events, DOGE tokens would slowly lose value over the next four years. However, as the next halving event draws nearer, DOGE will get significant support, resulting in new all-time highs in just a few weeks.
The current pattern is reminiscent of what happened in 2020, when DOGE broke out from a descending triangle and entered a phase of consolidation, followed by massive 28,770% gains within a few weeks. It is again mirroring the pattern, breaking out of the descending triangle, and entering a consolidation phase. If history repeats itself, DOGE could explode, reaching prices up to $10. That said, it’s still too early to make such a prediction, and a price point of $10 is still too far to reach.
Realistically, Dogecoin could continue growing, reaching new all-time highs, but $10 is too far even for the world’s highest-ranked meme coin. So, to answer whether Dogecoin will become the next Bitcoin in terms of gains, that outcome is improbable, but considering its crypto markets, anything is possible.
Other Memes With Massive Growth Potential
While Dogecoin is gearing up for impressive gains in the upcoming period, it’s not the only meme that can help you get high ROI on your investments. Emerging platforms such as Scotty AI, Smog Token, and Sponge V2 are among the memes expected to explode during the next bull run.
1. Scotty AI – High Utility Meme Coin Focused on Blockchain Security and Fraud Protection
Scotty AI is a newly emerging meme coin platform offering more utility and features than traditional memes. It aims to revolutionize blockchain security by providing users access to various AI-powered tools, allowing them to build modern blockchain security solutions to prevent scams, fraud, and cyber attacks.
The platform gives users access to various tools, allowing them to collaborate on new security solutions using advanced AI to recognize and prevent potential threats. Users can build unique AI-powered solutions and sell them in the built-in store to earn native $SCOTTY tokens.
The platform entered presale recently, raising over $2.5 million in just a few weeks. If you invest in $SCOTTY tokens during the event, you can stake them for 69% rewards before the first listings. However, once Scotty AI goes live and becomes available on major listings, the $SCOTTY token will likely result in 10x gains or higher throughout 2024.
2. Smog Token – Newest Solana Meme With Massive Airdrop Rewards
Smog Token has taken the world by storm since its launch on the Jupiter exchange a few weeks ago. The newest Solana-based meme coin follows the path paved by other SOL memes such as BONK, WIF, and MYRO. The platform looks like a simple meme coin with low utility, but it offers a unique reward system that promises to bring the Greatest Solana airdrop of all time.
Namely, Smog is primarily a staking platform that allows users to stake native $SMOG tokens to earn airdrop points over time. It launched as a Solana-based meme coin but soon upgraded to Ethereum using Portalbridge, allowing it to get more exposure and reach more traders. A week after going live, it has over 11,000 token holders and 25,000 trades completed.
The airdrop will have two stages, during which 35% of the 1.4 billion token supply will be given to token holders. The first phase will reward 10,000 token holders with the most points, while the second phase will reward as many as 100,000 holders. $SMOG tokens gained over 160% in the past week, reaching a price of $0.13 and a market cap of over $100 million.
3. Sponge V2 – Upgraded Version of One of The Highest-Gaining Memes of 2023
$SPONGE tokens were among the highest-gaining memes of 2023; however, due to a lack of token utilization, the platform lost most of its value months after going live. However, the developers behind the project decided to upgrade the existing platform, announcing Sponge V2, built around a P2E Mario-Kart-like racing game.
The new version will go live without a presale event. Instead, investors can obtain new tokens by buying and staking original $SPONGE coins. Over $16.4 million worth of $SPONGE has been staked already, and V2 is showing a price increase of over 6344% compared to the V1 launch. If you stake $SPONGE tokens and connect your wallet to the platform, you will get 182% rewards before the first listing. Everything points to 100x gains for all early investors, so don’t miss your chance to join the Sponge community to earn some of the highest rewards expected in the meme coin markets this year.
Final Words
While DOGE tokens are in a bullish phase, the chances of them reaching $10 during the upcoming bull run are slim to none. That said, they are expected to keep gaining value in the next few months, but the returns won’t be nearly as impressive as the potential shown by upcoming memes such as Scotty AI, Smog Token, and Sponge V2.