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Here's where the experts think Dogecoin could be headed from here
A massive rally in the overall crypto market is sending various tokens soaring today. Among the tokens that are seeing outsized interest is dog-inspired token Dogecoin (DOGE-USD). This bullish price action has pushed investors to consider where the expert Dogecoin price predictions lie right now.
Like other meme assets, Dogecoin is quietly surging toward a positive move on a year-to-date basis. While still a couple pennies off from this level, there’s certainly the potential for this token to catapult toward new highs in short order. That is, if this momentum continues.
Various technical indicators suggest this rally could just be getting underway. For high-risk tokens such as Dogecoin, reading the charts may be one of the only ways to get a handle on how this volatile asset may trade. Additionally, high levels of short liquidations are boosting these moves further, creating a rather volatile environment (which is great on up days).
With all that said, let’s dive into where the experts think this token could be headed.
For context, DOGE currently trades at 15 cents per token, at the time of writing.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.
Article printed from InvestorPlace Media, https://investorplace.com/2022/03/dogecoin-price-predictions-where-will-the-doge-crypto-go-by-2025/.
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