Dogecoin Up 28% Over The Past Week And Major Bitcoin Move Could Send It Beyond $0.50, Says Veteran Trader
Posted On October 21, 2024
Dogecoin (CRYPTO: DOGE) has gained 28% over the past week, prompting traders to forecast a bullish run if Bitcoin (CRYPTO: BTC) breaks out.
What Happened: In a recent podcast update, crypto traders DonAlt and CryptoCred linked the performance of altcoins, particularly Dogecoin, to Bitcoin’s potential breakout.
DonAlt revealed that he continues to hold Dogecoin, targeting prices between $0.50 and $0.80 if Bitcoin experiences a major move, drawing comparisons to XRP’s dramatic rise in 2017. He also assigns a $1.50-$2.00 price target for the meme coin.
Both traders expect Bitcoin to rise to $80,000-$100,000, despite the market structure not yet confirming a breakout. DonAlt …
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