Smart Contracter Predicts Dogecoin Rally, DOGE Shows Signs of Strength
Dogecoin saw double-digit gains this past week as the crypto market flagged in green this weekend despite upset on Capitol Hill.
Out of the top ten digital currencies in terms of market capitalization, dogecoin was outshining the competition, and even surpassing ethereum’s 18% weekly gains.
Both the topic dogecoin and the hashtag #dogecointothemoon were trending on social media Sunday afternoon. Despite, Google Trends (GT) data showed that the search queries for the terms “dogecoin” and “doge” have dropped very low.
Despite the drop, most crypto assets in terms of GT data that measures overall interest has dropped significantly. On the other hand, dogecoin (DOGE) markets have jumped considerably higher than most crypto assets today, capturing close to 20% in the last seven days.
Bitcoin, the world’s largest cryptocurrency, briefly surpassed $45,000 Sunday morning to reach a 24-hour high of $45,241, according to data from CoinGecko. It’s now worth $43,445, up 9% in weekly chart.
Dogecoin’s price surged 22% in the past week and 14% over the past 24 hours to hit $0.26, before slight correction to its current price $0.24.
Dogecoin is still quite a lot down from its all-time high of $0.73 on May 8. The coin became wildly popular earlier this year after celebrities like Elon Musk, Snoop Dogg and Gene Simmons promoted the coin on Twitter and TikTok influencers predicted it would go to the moon.
Smart Contracter Predicts Surge to Dogecoin
According to a high-profile trader, known as Smart Contracter, Dogecoin (DOGE) is preparing for liftoff along Bitcoin and Ethereum rallies.
Smart Contracter predicts that Dogecoin will break out of its bear trend and skyrocket to as high as $0.41.
“Woof woof, DOGE ironically looking primed and breaking key downtrend, is meme [season] back?
Looking like one of the slow movers but not for long [in my opinion].”
