A pseudonymous cryptocurrency analyst DonAlt said that Dogecoin (CRYPTO: DOGE) might see a substantial price increase, and potentially reaching $1.
What Happened: According to DonAlt, Dogecoin could potentially rise by 554% by a value of $1—a significant jump from its current trading price of $0.153.
“The reason why I found DOGE interesting is because it kind of dipped back into support on the BTC chart,” DonAlt explained in a YouTube video.
He also said the circumstances under which his prediction for Dogecoin’s growth could be proven incorrect. Should the value fall to a certain point above $0.05, it would contradict his bullish prediction, while a climb to $1 remains his goal. Talking about price points, the analyst said, “Invalidation down here somewhere [above $0.05], target up there [$1]… I think ...