DonAlt, a pseudonymous crypto trader with over 500,000 followers on the It is predicted that there is a possibility of an increase.
The OG meme cryptocurrency first appeared in 2013 and managed to rank within the top 10.
At the time of writing, DOGE is valued at a whopping $20.3 billion. By comparison, this makes it more valuable than Nippon Steel, Japan’s largest steelmaker, or Suzuki Motors, one of Japan’s largest car companies.
The leading meme cryptocurrency has gained nearly 15% in the past 24 hours, significantly outperforming the other top 10 altcoins. It is currently trading at $0.13 on the Binance exchange after increasing by a whopping 25% in just one week.
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Despite its impressive performance, Meme Coin King is still down a staggering 81% from its lifetime high of $0.73 recorded in May 2021. At that time, DOGE briefly became the fourth largest cryptocurrency by market capitalization.
Still, only 12% of Dogecoin holders are underwater, according to data provided by crypto analytics platform IntoTheBlock.
Now, Don Alt believes Dogecoin is poised to start howling at the moon again and the pipe dream of reaching $1 during this cycle may become a reality.
According to this trader, the fact that the general public is familiar with Dogecoin is the main advantage of this cryptocurrency, even when compared to some competing projects.
“If you really want to accelerate this cycle while attracting regular people, you need to put out something high-profile that they’ve heard before. Memes are going meta. “DOGE is a crypto meme that people know,” he tweeted earlier this week.
