Earlier today (September 5), prominent crypto analyst and trader Scott Melker (aka “The Wolf of All Streets”), said that he expects the price of Dogecoin ($DOGE) to get back to $0.35 in the very near future.
Melker’s short-term price target for $DOGE is based on his technical analyst of DOGE-USDT price charts:
$DOGE looks ready to levitate back to .35 pic.twitter.com/jAdWkI8SgH
— The Wolf Of All Streets (@scottmelker) September 5, 2021
Another crypto analyst — Justin Bennett — told his over 66K Twitter followers that if they already own $DOGE they should keep holding and not give up on it:
Staying patient with the second half of my position from the 27s.
Patience is key if you aren’t already in. Either dips 0.295 or reclaim 0.31.
That’s how I’d approach it if I weren’t already in.
— Justin Bennett (@JustinBennettFX) September 5, 2021
However, one person who is a lot more bullish on $DOGE than either Scott Melker or Justin Bennett is pseudonymous crypto analyst and influencer “Altcoin Sherpa”, who seems to believe that in the medium term the $DOGE price is headed to over $1:
$DOGE: It’s not a question of if #DOGE will hit $1+
It’s when… pic.twitter.com/bDTYmrFZri
— Altcoin Sherpa (@AltcoinSherpa) September 4, 2021
One popular pseudonymous Dogecoin analyst and influencer send out a tweet to his over 183K followers that essentially said that if you believe in the passion of the Dogecoin community and Tesla and Space X CEO Elon Musk’s fondness for Dogecoin, then it is hard not to be bullish on $DOGE:
Buying Dogecoin is like making a bet on the $DOGE community and @elonmusk
No brainer 🧠
— 💸💸💸 (@itsALLrisky) September 5, 2021
Cryptocurrency social media analytics platform LunarCRUSH said earlier today that Dogecoin was the #1 meme-based cryptocurrency by social volume in the preceding 24 hours:
👩💼Top 10 MEME Coins by 24-Hour Social Volume
1⃣ $doge #dogecoin
2⃣ $shib #shibainu
5⃣ $ass #australiansafeshepherd
7⃣ $ban #banano
9⃣ $hoge #hogefinance
🔟 $hokk #hokkaiduinuhttps://t.co/IOXKwBjfFu pic.twitter.com/mLUeEjA1vj
— LunarCRUSH 🚀 Social Listening for Crypto (@LunarCRUSH) September 5, 2021
According to data by TradingView, on crypto exchange Bittrex, currently (as of 20:20 UTC on September 5) DOGE-USD is trading around $0.3106, up 3.56% in the past 24-hour period. In the year-to-date (YTD) period, DOGE-USD is up an incredible 6508%.
YTD DOGE-USD Price Chart (Bittrex) by TradingView
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Image by “PublicDomainPictures” via Pixabay