A crypto analyst revealed what to expect Dogecoin (DOGE) Price on April 20, which happens to be DOGE day. This analyst’s bullish prediction undoubtedly adds to the enthusiasm as the DOGE Community getting ready for the special occasion.
DOGE Price to Reach $0.26 on Doge Day
Crypto analyst Myles G mentioned in an X (formerly Twitter) job that price models predict that DOGE will reach a minimum price level of $0.26 on April 20. The analyst further revealed that this price prediction would be updated by “4:20 p.m. EST.” Myles G added that the “next secret prediction” will be revealed once this goal is achieved.
DOGE reaching $0.26 will represent a significant price increase from its current level and appears feasible, given that anticipation around Doge Day should provide bullish momentum for the meme coin. Furthermore, the Bitcoin halved could also fall on April 20, with this event likely to cause DOGE and other crypto tokens to record impressive price gains.
It is also likely that DOGE’s bullish momentum will extend beyond DOGE Day due to Coinbase DOGE futures trading is scheduled to take place on April 29. This event is undoubtedly optimistic for the meme coin as it could further expand its adoption and cause an influx of new funds into its ecosystem.
Meanwhile, although Myles G failed to provide any insight into where DOGE price might go after hitting $0.26, another crypto analyst suggested that the meme coin could reach $0.40 this month.
A move of this magnitude will represent a price gain of over 100% for the top meme coin this month. Such a price increase could also help DOGE consolidate its place in the top 10 in terms of market capitalization, as it faces fierce competition from other crypto tokens below.
Bitcoin is now trading at $67.482. Chart: TradingView
It’s time to buy DOGE
In a sequel Message, Myles G reaffirmed his optimism on DOGE, advising his followers to buy the meme coin and thank him later when they make significant returns. Based on several price forecastsDOGE has the potential to be one of the biggest winners in this bull run as crypto analysts agree that it could go up to $1.
Crypto analyst Don Alt was among those who predicted that DOGE could reach this price level. To underline his optimism towards the meme coin, he said that DOGE was a better investment than Bitcoin. As part of his analysis, Don Alt also suggested that the meme coin could surpass $1 and see its price rise further to $2.
At the time of writing, DOGE is trading at around $0.17, down over 13% in the last 24 hours, according to data from CoinMarketCap.
Featured image of Hepper, chart by TradingView
