IcedKnife Optimistic on DOGE as a Meme Coin Investment, Predicts New Heights Beyond $1
Renowned trader IcedKnife, with a substantial following on X, views DOGE as a prime candidate for long-term investment within the meme coin sphere. He foresees DOGE potentially hitting new peaks this market cycle, pinpointing $1 as an attainable milestone.
DOGE's recent surge beyond the $0.22 mark stirred attention, reminiscent of its November 2021 performance. However, as of April 3, it has retraced to $0.18, reflecting a broader trend of cryptocurrency downturns.
In alignment with IcedKnife's sentiment, analyst Ali Martinez highlights DOGE's enduring significance amidst a landscape crowded with newcomers like dogwifhat (WIF) or Bonk (BONK), suggesting DOGE's pivotal role in the meme coin market.
Martinez draws parallels between DOGE's current trajectory and the 2018–2021 cycle, speculating the possibility of a significant surge akin to a "massive parabolic bull run."
Da Vinci Jeremie Advises Investors to Diversify into SHIB: DOGE and SHIB Show Market Resilience
Conversely, notable crypto figure Davinci Jeremie directs investor attention to DOGE's longstanding rival, Shiba Inu (SHIB), proposing portfolio diversification into SHIB as reported by CryptoPotato.
Despite prevailing market conditions, both DOGE and SHIB have displayed resilience, boasting gains of 19.5% and 20.4%, respectively, over the past 30 days.
While optimism surrounds DOGE's potential, investors should approach with caution amidst market volatility and evolving dynamics, ensuring thorough research and risk assessment.