{"id":6061,"date":"2025-01-04T05:47:03","date_gmt":"2025-01-04T05:47:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6061"},"modified":"2025-01-04T05:47:03","modified_gmt":"2025-01-04T05:47:03","slug":"dogecoin-doge-skyrockets-16-daily-as-analysts-set-1-target","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6061","title":{"rendered":"Dogecoin (DOGE) Skyrockets 16% Daily as Analysts Set $1 Target"},"content":{"rendered":"<div>\n<p><strong>TL:DR;<\/strong><\/p>\n<ul>\n<li>After the severe correction, Dogecoin has awakened by posting a double-digit surge, which drove it to a multi-week peak.<\/li>\n<li>The asset has closed down the gap to $0.4, but analysts continue to highlight $1 as a potential target during this bull cycle.<\/li>\n<\/ul>\n<figure id=\"attachment_377361\" aria-describedby=\"caption-attachment-377361\" style=\"width: 1835px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGEUSD.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-377361\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGEUSD.png\" alt=\"DOGEUSD. Source: TradingView\" width=\"1835\" height=\"819\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGEUSD.png 1835w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGEUSD-300x134.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGEUSD-1024x457.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGEUSD-768x343.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGEUSD-1536x686.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/DOGEUSD-50x22.png 50w\" sizes=\"auto, (max-width: 1835px) 100vw, 1835px\"><\/a><figcaption id=\"caption-attachment-377361\" class=\"wp-caption-text\">DOGEUSD. Source: TradingView<\/figcaption><\/figure>\n<p>Shortly after Donald Trump won the US elections at the start of November, DOGE\u2019s price went on a wild run due to Elon Musk\u2019s upcoming role under the new administration and his rich history and support for the largest meme coin.<\/p>\n<p>The asset skyrocketed by triple digits within weeks and peaked at almost $0.5. However, it started to lose traction in December and plunged hard during the mid-month correction. In a matter of days, Dogecoin <a href=\"https:\/\/cryptopotato.com\/dogecoin-doge-price-can-skyrocket-by-12000-if-history-repeats\/\" data-wpel-link=\"internal\">dumped<\/a> from over $0.41 to $0.26.<\/p>\n<p>It reacted well after this substantial decline and pushed to $0.35 almost immediately. However, it failed to rally further and remained in a tight range of $0.31 and $0.34 for weeks.<\/p>\n<p>The landscape changed, though, for the entire market in the past few days. The situation around DOGE became particularly promising due to the larger number of coins <a href=\"https:\/\/cryptopotato.com\/dogecoin-whales-on-the-move-is-doge-poised-for-a-fresh-rally\/\" data-wpel-link=\"internal\">accumulated<\/a> by whales during this correction and consolidation phase.<\/p>\n<p>As such, it didn\u2019t take long for the OG meme coin to surge in value. On a 24-hour scale alone, DOGE has shot up by 16% and now trades well above $0.39 after breaking above the $0.34 resistance. It\u2019s up by 25% on a weekly scale and sits close to $0.4.<\/p>\n<p>Analysts have used this opportunity to double down on their $1 prediction for the asset, which is yet to be reached. Nevertheless, DOGE would need to more than double its current valuation to tap such a high price target.<\/p>\n<p>Nevertheless, it would be interesting to track Dogecoin\u2019s performance in the following weeks, especially after Trump\u2019s inauguration on January 20 and Musk\u2019s <a href=\"https:\/\/cryptopotato.com\/trumps-d-o-g-e-promises-to-slash-bureaucracy-heres-what-you-need-to-know\/\" data-wpel-link=\"internal\">D.O.G.E. department<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">This is <a href=\"https:\/\/twitter.com\/search?q=%24doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$doge<\/a> against btc<\/p>\n<p>Target $1<\/p>\n<p>In the period 2015-2017 I doubled my bitcoin bags by buying doge low \u2013 waiting and selling it at least double the price.<\/p>\n<p>Groks tells me that in the 133 months Doge outperformed Bitcoin in 48 instances (36%). I\u2019m betting on some crazy\u2026 <a href=\"https:\/\/t.co\/lRKbOZK6pQ\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/lRKbOZK6pQ<\/a><\/p>\n<p>\u2014 Tutor (@cryptotutor) <a href=\"https:\/\/twitter.com\/cryptotutor\/status\/1875312560922136799?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/dogecoin-doge-skyrockets-16-daily-as-analysts-set-1-target\/\" rel=\"nofollow\">Dogecoin (DOGE) Skyrockets 16% Daily as Analysts Set $1 Target<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL:DR; After the severe correction, Dogecoin has awakened by posting a double-digit surge, which drove it to a multi-week peak. The asset has closed down the gap to $0.4, but analysts continue to highlight $1 as a potential target during this bull cycle. DOGEUSD. Source: TradingView Shortly after Donald Trump won the US elections at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6061","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6061"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6061\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}