DOGE Reaches for $0.4 Again, Experts Predict a Surge Is Imminent

Starting from January 4th, Dogecoin began to re-approach the $0.4 mark. At the end of 2024, with the Federal Reserve’s several announcements of interest rate cuts, both DOGE and BTC experienced significant fluctuations in price. Since December 18th, DOGE has been on a downward trend, reaching as low as $0.26 at its most severe point, leading some retail investors to believe that the bull market for DOGE might be over. However, analysts and institutions do not share this view. Analysts believe that the adjustment following a surge is a sign of a healthy market, while institutions have demonstrated their confidence in DOGE with nearly $100 million in bottom-fishing purchases.

Data shows that on the last day of 2024, a whale purchased 300 million DOGE at around $0.3, which may imply that for investors, $0.3 could be the lowest point in the short to medium term. Analyst Javon Marks believes that DOGE is poised for a rebound, with an upside potential of up to 630%, targeting a price of $2.28. Analyst Kriss Pax cited on-chain data and broader market indicators to suggest that the current market conditions could be a harbinger of Dogecoin entering a bull market phase.

Binance’s 2024 Global User Survey Report indicates that nearly half of the current cryptocurrency users entered the market in 2024, and most users clearly favor memecoins. As the king of memecoins, DOGE is naturally very attractive to both retail and institutional investors. In addition to direct purchases, mining DOGE is also an ideal investment method. Taking a coin price of $0.395 as an example, using the ANTMINER L9 16GH to mine, the daily revenue is about 124 DOGE, worth about $50 Using the ANTMINER L7 9.5GH to mine, the daily revenue is about $30 The payback periods for both of these DOGE ASICs are quite ideal. In addition, these two ASICs can also obtain LTC and BEL at the same time. Some mining pools can also support the simultaneous mining of another more cryptocurrencies.

Welcome to consult our sellers for the most suitable DOGE ASIC and trading methods for you! We have warehouses in HK, US, Dubai, and Moscow, with a large inventory of spot/futures from brands such as ANTMINER available for shipping from multiple countries and can assist with customs declarations at the delivery location.

Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.

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