Dogecoin is No. 8 by market cap, but these three analysts are still bullish on the cryptocurrency
The latest trending global bullish dog (CRYPTO: still the cryptocurrency market in the biggest cryptocurrencies)
Popular cryptocurrency analyst and trader Justin Bennett asked his 66,000+ Twitter followers not to throw in the towel on Dogecoin and hang on to it because “patience is the key.” He added that he himself “already owns a long position” in the Shiba Inu-themed cryptocurrency.
I have been patient with my second half since I was 27.
Patience is key if you haven’t already. Either 0.295 down or 0.31 back.
If I haven’t gotten in, this is how I handle it.
— Justin Bennett (@JUSTINBENNETTFX) September 5, 2021
According to Dogecoin cryptocurrency expert Scott Melker, known on Twitter as the “Wolf of Wall Street” who has signaled to his nearly 97,000 followers on the Weibo platform that he thinks Dogecoin is about to hit the 0.35 level again USDT
$DOGE looks ready to go back to 0.35 PIC.TWITTER.COM/JADWKI8SGH
— The Wolf of the Streets (@SCOTTMELKER) September 5, 2021
Perhaps the most bullish on Dogecoin is the crypto analyst and influencer who goes by the pseudonym “Altcoin Sherpa.” He believes the question is “when” rather than “if” altcoins will reach the $1 level.
$DOGE: It’s not a question of whether #DOGE will reach $1+
Time to… PIC.TWITTER.COM/BDTYMRFZRI
— Altcoin Sherpa (@ALTCOINSHERPA) September 4, 2021
because it matters
The trio joined other popular technical analysts such as Kaleo, The Crypto Dog and Pentoshi, who have reiterated their bullish stance as Dogecoin rallied above 30 cents last week.
Cryptocurrency market analyst Gianni Di Poce recently told Benzinga’s crypto trading festival that he “would not be surprised to see DOGE surpass $1 per coin.”
The Dogecoin has gained an impressive 5,255.8% so far this year. However, data from CoinMarketCap shows that the Shiba Inu-themed cryptocurrency is down nearly 58.8% from its all-time high of $0.7376 set in May last year, and is now eighth in terms of market capitalization.
The Dogecoin is down 1.9% over the past 24 hours and was last trading at $0.3046.