Memecoins
Trader Says Rapid Vertical Growth Could Come to Dogecoin (DOGE) Amid ‘Meme Super Cycle’
A closely followed crypto analyst predicts that Dogecoin (DOGE) will suddenly go parabolic as other memecoins make massive gains.
Pseudonymous trader Kaleo tell its 641,400 followers on social media platformBTC).
“The secret to Dogecoin is that it moves sideways for long periods of time, followed by rapid vertical growth. As bullish as I am on Bitcoin, I have an incredibly high belief that DOGE will overtake it. We are in a super meme cycle. The king of memes won’t be left behind.
Source: Kaléo/X
Looking at its four-hour chart, the trader suggests that DOGE will rally back to 0.000008 BTC worth $0.55. At the time of writing, DOGE is trading at $0.159.
Then the trader said this Inu Rooster (ROOSTER), memecoin running on Avalanche (AVAX), is poised to confirm a bullish reversal and print massive gains against Wrapped AVAX (COQ/WAVAX).
“Alright bros, I think it’s AVAX’s turn to take on the memes again. Call a fund here on COQ. This is a billion-dollar-plus meme with a market cap of $200 million. Send it with all haste.
Source: Kaléo/X
Looking at the trader’s chart, it suggests that COQ/WAVAX could soon break above its diagonal resistance. At the time of writing, COQ is worth $0.000003.
Finally, the trader predicted Bitcoin will soon reach six figures, a gain of over 44% from its current value.
“Bitcoin: time for round two. $100,000 is a magnet.
Source: Kaléo/X
Bitcoin is trading at $69,130 at the time of writing, up more than 2% in the last 24 hours.
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