Dogecoin Has ‘One Final Leg Up Left,’ Says Analyst Amid 40% Slump But Investors Should Be Wary Of This Bearish Forecast

A widely followed cryptocurrency analyst expressed optimism on Monday that Dogecoin (CRYPTO: DOGE) would experience one “final leg up,” potentially lifting the dog-themed meme coin closer to all-time highs.

What happened: In an X post, Cas Abbé said Dogecoin’s current market conditions resemble those of the first half of 2021, when the meme coin exploded to $0.70.

“I think the next DOGE run will be fueled by Elon and D.O.G.E department hype,” the analyst said, referring to the ambitious cost-cutting effort of Elon Musk that plays on the meme coin’s popularity.

Full story available on Benzinga.com