Is Dogecoin gearing up for a 12x move? Prominent analyst Ali Martinez thinks it is a possibility. According to Martinez’s recent Dogecoin price prediction, the meme coin market leader is moving within an ascending channel. If DOGE continues to hold above the $0.16 support level, it could see a parabolic move to $2 next. All eyes on #Dogecoin $DOGE ! If it holds this level at $0.16 and bounces, a move to $2 could be next! pic.twitter.com/pq2Xc4dsmH — Ali (@ali_charts) March 10, 2025 The ascending channel also suggests long-term Dogecoin price targets of $6 and $18. Could Dogecoin Rally To $2? With Elon Musk’s support, anything is possible in the crypto market. The billionaire could simply start accepting payments for his Tesla EVs with DOGE, or integrate it within his X platform, and send the meme coin price skyrocketing. Dogecoin isn’t just an Elon-backed meme either. Bloomberg analysts Eric Balchunas and James Seyffart are giving 75% odds that the US Securities and Exchange Commission will approve spot Dogecoin ETF this year. Prominent institutions like Bitwise, Grayscale and Rex Shares have already filed their S-1 and 19b-4 applications. And yet, Martinez’s $2 projection is unlikely, at least in $2025. At a price of $0.20, DOGE has a market capitalization of nearly $30 billion. At $2, it would have a valuation of $300 billion, $65 billion higher than Ethereum’s current market capitalization, an unlikely proposition. Realistic Dogecoin Price Prediction — How High Can DOGE Go? Martinez has aptly used an ascending channel, in conjunction with Fibonacci levels, for his Dogecoin price prediction. However, an upside move to the 1 Fibonacci level, which pans out to a price point of nearly $0.6 appears more realistic in the mid-term. Depending upon the SEC’s approval of spot DOGE ETFs, and the subsequent inflows, the meme coin hit a new all-time high and potentially reach $1 as well. However, that would require significant bullish strength from Bitcoin and broader market stability. In the short term, the bulls need to defend the $0.16 support level. A breakdown below would likely signal significant downside volatility. Dogecoin is still one of the best meme coins to buy today. It is not without any reason that whales have been buying the dip and scooped up nearly $134 million worth of DOGE in 24 hours. On-chain analysis platform Santiment also highlights that the number of whales with over 1M DOGE has surged during the dip, as has the number of active addresses. 🔥 LATEST: Dogecoin whales holding over 1M $DOGE are increasing their holdings despite a 70% price drop. pic.twitter.com/qox7e3eYRF — Cointelegraph (@Cointelegraph) March 18, 2025 DOGE Won’t 10x This Year, But BTC Bull Could Dogecoin’s large market cap prevents it from going parabolic. As a result, smart money investors have also been betting on high-upside low-cap meme coins. BTC Bull (BTCBULL) , a unique Bitcoin-themed meme coin, has caught the attention of whales and retailers alike, thanks to its promise of free Bitcoin. In a unique move, the new meme coin has tied itself to Bitcoin’s long-term viability, making it the perfect beta asset for investors who are bullish on BTC in the long run. The project is built on the core principle that the Bitcoin price will continue to rise and hit targets like $125k, $150k and $250k in the coming years. When that happens, BTC Bull holders will earn massive Bitcoin airdrops. Besides, investors will also benefit from regular token burn events and BTCBULL airdrops as well, whenever the BTC price hits certain set milestones. Unsurprisingly, the new meme coin has been in high demand and has already raised nearly $4 million in its ICO. Considering it is a small-cap coin, early buyers are eyeing up to 10x returns from it. In fact, several prominent analysts have called it the next 100x crypto. C Bull Presale Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
