"Calm down everyone, don't be FOMO because this is just a prediction from an analyst."
After noticing that the cryptocurrency charts are constantly making repetitive movements, a popular digital asset analyst nicknamed Crypto Tony predicted the price of the largest memecoin Dogecoin (DOGE) to climb higher in the future.
According to Crypto Tony to his 300,000 followers on the X social media platform, the price of DOGE will jump over 170% as investors must have known the game plan about the memecoin.
DOGE is expected to rise to $0.17 before April 2024 and this means that its price will increase by 170% from its current level, Crypto Tony commented in more detail.
But it should be noted that the increase is not easy to follow Tony Crypto Tony predicted the price of DOGE will see a 33% drop in November this year, then followed by a rebound all with a 35% jump that may start early next year.
After stressing the importance of understanding market cycles especially in the volatile crypto sector, the analyst stated that investors should learn to notice what cycle is going through and when to transition to the next phase.
Not only that, Crypto Tony also revealed that DOGE is among the crypto holdings of San Francisco-based banking institution SoFi which reportedly owns around $166 million in digital assets.
Moving on to Bitcoin (BTC), Crypto Tony is confident that the price can climb higher in the next few weeks but the digital asset may dip below $25,000 first before rebounding.
As of this writing, DOGE price has plunged by 0.89% to $0.06 in the last 24 hours with a market cap of $8 billion and has recorded a 4.79% decline over the past week.
