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Widespread crypto dealer Myles G has turned heads this week along with his daring prediction for the value of Dogecoin.
Whereas most analysts anticipate the meme coin to proceed to float sideways, Myles believes DOGE may rise to $0.26 by April 20.
Myles G makes an attention-grabbing DOGE value prediction for April
Myles G, who has greater than 15,000 followers on his “Myles G Investments” Twitter account, tweeted yesterday that his pricing fashions predict DOGE will attain $0.26 this month.
Particularly, Myles estimates that DOGE will attain this value on April 20 at 4:20 PM EST.
“After this purpose is achieved, we are going to reveal our subsequent secret prediction,” he teased.
If Myles’ bullish forecast comes true, it will imply a 34% enhance for Dogecoin and take the coin to its highest stage since November 2021.
The $0.26 purpose could seem bold, however it ties in with the “4/20” theme that has turn into an unofficial vacation for meme coin fanatics.
So April 20 may very well be an ideal storm of catalysts for DOGE bulls – combining Doge Day with the anticipated enhance in buying and selling volumes and hype.
And whereas value predictions ought to at all times be taken with a grain of salt, Myles G’s will undoubtedly be one to observe within the coming days.
Dogecoin’s volatility and key ranges decide its short-term path
Myles G’s daring prediction comes after the OG meme coin endured a risky few days.
Presently buying and selling round $0.198, DOGE has fluctuated this week, falling on Monday and Tuesday earlier than regularly rising over the previous 48 hours.
The $0.20 stage has emerged as a key psychological resistance for Dogecoin, with the coin struggling to maintain itself above that stage.
Regardless of the up-and-down value swings, DOGE has maintained a robust stage of buying and selling exercise.
In keeping with CoinMarketCap knowledge, it’s the seventh most traded crypto globally, forward of massive names like Binance Coin and XRP.
Nonetheless, open curiosity in Dogecoin perpetual futures on the main exchanges has taken successful.
Greater than $200 million in open curiosity has been liquidated over the previous two days as leverage merchants have been shaken out by the uneven value motion.
Whereas this might point out that DOGE has extra downsides forward, the meme coin area is inherently unpredictable.
Dogecoin has routinely stunned traders – and if Myles G’s prediction comes true, it will be one other beautiful turnaround for the coin.
What different meme cash may rise this month?
As Dogecoin continues to make headlines, merchants are additionally searching for newer meme cash that would rise in April.
One potential contender is Slothana (SLOTH), which is gearing up for a DEX debut that early traders assume may spark a rally.
Meme magic meets pre-sale success as Slothana prepares to launch DEX
Regardless of solely being launched three weeks in the past, the pre-sale of the SLOTH token has already raised over $10 million in funding.
This fundraising success exhibits the massive demand for brand new meme coin tasks, particularly those who enchantment to the ‘degen’ crowd.
Slothana types herself as a relaxed sloth with pink eyes, giving a transparent nod to the 4/20 stoner vacation celebrated by folks around the globe.
As a result of the presale is anticipated to final till Canine Day, the venture cleverly responds to the hype and story surrounding that date.
Nonetheless, along with the relaxed ambiance, Slothana has additionally set the bold purpose of reaching a market capitalization of $420 million.
Whether or not that is a tongue-in-cheek joke or an actual goal, the big determine exhibits that the SLOTH crew is aiming excessive and desires to capitalize on the meme coin hype on Solana.
Some crypto merchants at the moment are evaluating Slothana to the beforehand profitable SLERF token that soared in late March.
Though SLERF’s launch was controversial, this sloth-themed token reached a market cap of $484 million at its peak – with none utility.
If Slothana can faucet into comparable meme magic, it additionally has the potential to expertise a post-listing increase as soon as it hits the alternate.
Go to the Slothana web site for extra details about this venture
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