Dogecoin (DOGE) saw a steady rise since the end of February, all the way from $0.09 to $0.20 at its peak on March 6th.
The bull sentiment wasn’t able to sustain the massive profit-taking, which brought back DOGE to the current $0.12 level.
However, this goes in line with the new predictions from renowned experts who expect DOGE at the $1 mark somewhere in mid-April.
If that were to happen, we would also see a massive uptick in other meme coins as well. Especially the derivatives like Dogecoin 20 ($DOGE20), which considering its low presale price point, could provide an even bigger ROI than the original.
Let’s dig a bit deeper…
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Analysts See DOGE at $1 in Mid-April – How Realistic is This?
The past few weeks were quite the roller-coaster ride for the leading meme coin.
At first, it seemed like DOGE could go through the moon, but it came to a stop at $0.20 as a result of profit-taking.
Now, it’s trading at a 24% loss on the seven days, and fighting resistance at a crucial $0.012 level.
Amid this volatile trend, a famous crypto analyst, Ali, has come forward with a wild forecast for Dogecoin’s near future.
This may sound wild, but if history is any guide, #Dogecoin $DOGE could hit $1 by mid-April! pic.twitter.com/UAgldPcDbh
— Ali (@ali_charts) March 8, 2024
He suggests that Dogecoin could hit the $1 mark by the middle of April, citing historical data as the foundation of his prediction.
Ali’s perspective is grounded in a detailed examination of Dogecoin’s performance over previous years, specifically highlighting its bull markets in 2017 and 2021.
These periods were characterized by substantial price increases following times of consolidation—when the price of DOGE stabilized before making significant leaps.
According to Ali, the current market conditions for Dogecoin mirror those earlier phases closely. He elaborates that after periods of range-bound trading, Dogecoin has historically entered phases of rapid growth.
By comparing the present patterns in Dogecoin’s market behavior with those observed in its explosive runs in the past, Ali concludes that Dogecoin is poised for another major breakout.
This forecast is not just a wild guess but a reasoned analysis based on the cyclical nature of Dogecoin’s market movements.
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Dogecoin20 ($DOGE20) – This Derivative Can Do a 100X Once DOGE Breaks $1
Derivatives always mirror their original price movements, we’ve seen it in BTC’s derivatives, and many others. This makes ]Dogecoin 20 project one of the best cryptos to hold before the DOGE’s predicted breakthrough.
Unlike Dogecoin, Dogecoin20 is built on the Ethereum network as an ERC-20 token, which uses a proof-of-stake mechanism. This means it’s not only faster but also has a lighter environmental impact since it doesn’t rely on the energy-heavy mining required by some other cryptocurrencies.
The big draw for Dogecoin20 is its staking feature. By staking their tokens, users can earn rewards, which are doled out over two years.
Currently, the token is priced at $0.00201 during its presale, which has already raised over $3.3 million, signaling strong interest. The presale has several stages, aiming to raise $6 million by the end.
Dogecoin20 taps into the strong community spirit seen with Dogecoin, aiming to build a similar, supportive base.
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Smog Token ($SMOG) – Solana Meme Star Exploded 1,300% After Launch
Launched in February 2024, Smog is built on the Solana blockchain and boasts a multichain infrastructure. Unlike many other projects, Smog skipped the presale stage and went straight to listing on the Jupiter exchange.
One of the key features of Smog is its staking and HODLing opportunities, which allow holders to earn additional rewards in the form of airdrop points.
These points can be accumulated by participating in various challenges and quests that the team plans to introduce further down the road.
Now, let’s talk about Smog’s performance since its launch. Within the first 24 hours of listing, the token’s value surged by an impressive 1,300%.
As of today, its market cap grew from $2 million to $139 million. This growth showcases the project’s immense popularity among crypto enthusiasts.
According to recent updates, Smog has attracted a sizable community, with over 98,000 holders and nearly 2 million quests completed. This level of engagement is quite remarkable for a project that’s only two months old.
Currently, one $SMOG token is trading at around $0.17, and holders have the opportunity to stake their tokens and earn an annual percentage yield (APY) of 42%, in addition to the airdrop rewards earned through quest participation.
So far, users have staked an impressive 20 million $SMOG tokens, further demonstrating the community’s confidence in the project.
Sponge V2 ($SPONGEV2) – V2 Aims to Soak Up the Gains with Improved Tokenomics & Play-to-Earn Mechanics
Sponge V2 ($SPONGE) is an exciting new project that aims to build upon the success of its predecessor, Sponge V1, which saw an impressive 100x growth in 2023.
The team behind Sponge V2 is introducing several novel features, including elements of a Play-to-Earn (P2E) game, which adds to the project’s appeal.
One of the key selling points of Sponge V2 is its improved performance compared to the original version.
The team is ambitious, setting their sights on another 100x return and targeting listings on major cryptocurrency exchanges like Binance and OKX.
Staking rewards play a significant role in Sponge V2’s tokenomics, with 43.09% of the total token supply allocated for this purpose.
Additionally, 8% of the tokens have been set aside for the upcoming P2E game, which promises to be an exciting addition to the project.
As of now, over $23 million worth of Sponge tokens have been staked and bridged, offering an attractive annual percentage yield (APY) of 174%.
To incentivize new investors, the Sponge V2 team is offering a limited-time 100% purchase bonus in V2 tokens.
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Conclusion
While the prediction of Dogecoin hitting the $1 mark in mid-April certainly sparked curiosity among traders, it’s still hard to ignore the current bear phase that the leading meme coin is going through.
This is why are many traders opting for small-cap, hidden crypto gems like DOGE20, SMOG, and SPONGE V2.
They all boast strong community, smart tokenomics, and infinite virality that could easily provide them with over 30X profits in the months to come.
