DogeVerse Coin, based on the Meme Dogecoin, is here!
The cryptocurrency market is slowly recovering from its recent downturn. Analysts are predicting that Dogecoin will lead the next meme coin rally. One prominent trader predicted that it's only a matter of time before it hits $1. Meanwhile, new ICO Dogeverse is also emerging as a promising meme coin with positive reviews from influencers.
While the recent meme coin situation has been a bit of a mixed bag, some experts believe that Dogecoin's rise could be just beginning. Analysts believe that the recent dip was a healthy correction that paved the way for the next upswing.
Crypto influencer Rafael Rigo pointed out that Dogecoin could continue to trade sideways in the short term, or even fall to new lows. But ultimately, he predicts that it will show a surprising reversal and move higher, tweeting “My (Dogecoin) target price for this cycle is $1.00. Looking for a 25x upside from the lows with the first price target. The short-term outlook remains bearish and the entry price could be lower than it is, but I believe in the future of Dogecoin.”
Another crypto analyst, Javon Marks, emphasized the significance of Dogecoin's recent pullback on the long-term chart. He argues that in the long term, Dogecoin will move to target $0.65 and $1.3, saying, “As you can see in the figure, the price of Dogecoin broke through the resistance trend and went up 234% before a healthy correction. As the price is still holding the support level, this correction will only help Dogecoin to rise by more than 315% to reach the target price of $0.6553.”
Max Schwartzman, CEO of Vickers Bitcoin and a well-known meme coin analyst, predicted that Dogecoin will grow at an above-market rate, citing DOGE's market share gains the last time Bitcoin entered a price discovery process. “Dogecoin is the king of altcoins... it's even older than Ethereum,” Max explained. If Dogecoin can make a big move this quarter, it will drag all other altcoins along with it. In my opinion, there is still a lot more to come.”
Meanwhile, there are many traders who believe in the bullishness of Dogecoin, but also predict that Dogecoin-related beta memecoins will post even higher gains. For example, CryptoBull says, “The potential of solid Dogecoin beta memcoins should not be underestimated. The odds are they can go higher and last longer.” The latest Dogecoin beta project to gain traction is Dogebus. It has raised over $9.5 million in its first two weeks of pre-sales and is on track to reach $10 million.
Dogeverse ($DOGEVERSE) is a new class of pre-sale memecoin that aims to build an interconnected memecoin ecosystem. Most memecoins operate on a single blockchain. As a result, when traders' attention shifts from solana chain memecoins to base chain memecoins, solana-based memecoins tend to stagnate. Dogecoin was born out of this problem. Its mascot, Cosmo, is a puppy that jumps between different blockchains. It supports a total of six major smart contract blockchains, allowing it to stay strong in the memecoin market.
It currently supports Ethereum, Binance Smart Chain, Polygon, Base, and Avalanche, with Solana coming soon. Dogecoin's multi-chain structure not only mitigates the risk of user attention shifting, but also unifies meme coin communities scattered across multiple chains. Staking is also available, with a current APY of 113%.
Jacob Burry, a well-known pre-sale coin analyst, recently posted a video on YouTube analyzing Dogecoin and gave a bullish outlook on its future. Currently, the pre-sale price of $DOGEVERSE is $0.0003, but it will continue to increase in stages. There will be another price increase in 12 hours or when the $10.18 million goal is reached.
