- Dogecoin has flipped Porsche’s market cap as its momentum surges, fueled by speculation of its adoption by X and Tesla for payments.
- A Dogecoin ETP by Valour is set to launch, adding more strength to Dogecoin’s price trajectory.
- According to predictions, Dogecoin’s price is expected to drop by 6% to reach $0.038 by December 28, 2024, though the current sentiment is bullish.
Dogecoin has been making major moves lately. The meme coin has shown impressive growth, leading many to wonder how high it can climb. This article explores Dogecoin’s recent achievements, price predictions, and outlook.
Dogecoin Surpasses Porsche’s Market Cap
Dogecoin has now flipped luxury carmaker Porsche’s market cap, showing the momentum surrounding DOGE. Events like Elon Musk becoming US President have boosted Dogecoin, sending it to new highs. There are also rumors of Tesla accepting DOGE payments soon. A new Dogecoin ETP is also launching, adding strength.
Per CoinMarketCap, DOGE is up 148% this past month. It continues gaining as crypto optimism returns. Dogecoin is now trading at a crucial resistance point of $0.40. Breaking past this could send it to $0.43. However, failing to clear $0.40 may trigger a dip to $0.34.
December 2024 Price Prediction for DOGE
December may bring volatility to Dogecoin’s price. Per CoinCodex, DOGE could drop 6% to $0.38 by December 28, 2024.
Our technical indicators show a current bullish sentiment, with a Fear & Greed Index of 77 (extreme greed). Over the past 30 days, DOGE has seen 60 green days and 35.68% volatility. The Dogecoin forecast suggests now is a good time to buy.
Conclusion
With impressive gains lately, Dogecoin seems to have strong momentum. While some drops are expected, the overall outlook looks positive. The developments around DOGE like the new ETP suggest it still has room to grow. The coming month may bring some ups and downs, but Dogecoin seems poised for a bright future.
