DonAlt, a cryptocurrency veteran who has been in the industry for years and has witnessed previous bull markets, announced on Twitter yesterday that he has become a “Doge maxi.”
For those unfamiliar with the term, being a “maxi” or maximalist means being an ardent supporter and believer in one cryptocurrency, often to the exclusion of others.
$1 Dogecoin price prediction
DonAlt, who boasts an impressive following of over 545,000 on the
I BECOME A DOGE MAXI
— DonAlt (@CryptoDonAlt) May 4, 2024
This prediction is especially noteworthy considering that Dogecoin’s current levels remain hovering around $0.16 after rebounding from a low of $0.12 during this week’s market crash.
Interestingly, looking at data from the last 24 hours, Dogecoin has outperformed other top meme coins, boasting a 7% increase in value.
On the other hand, WIF rose slightly by 3%, while SHIB and PEPE prices remained relatively stagnant during the same period.
DOGE price chart
From a technical perspective, Dogecoin has been trading in a sideways channel, bouncing between $0.12 and $0.22 for over two months.
The $0.12 level has been tested recently and has remained strong throughout the market crash, matching the 200-day moving average, a key technical indicator.
For Dogecoin to continue its upward trajectory, the price must clearly break above the $0.22 resistance level, which it has rejected on two occasions, most recently in late March.
Adding to the excitement surrounding meme coins, Jacob Bury, a popular YouTube influencer with over 38,000 subscribers, released a video yesterday highlighting the best meme coins you can buy right now.
Bury’s recommendations included Dogeverse, WienerAI, and Sealana, all of which are currently in the cryptocurrency pre-sale phase and are considered to have potential.
As the cryptocurrency community eagerly awaits the next big move in the meme coin space, DonAlt’s bold predictions and new status as “Doge maxi” have added fuel to the already burning fire of speculation and excitement.
It is yet to be seen whether Dogecoin will actually reach the coveted $1 point, but the meme coin sector is generating profits again as Bitcoin recovers above $63,000.
Whether you like the meme or not, cryptocurrency traders can potentially add Dogeverse, WienerAI, and Sealana to their respective watchlists.
