Expert Predicts Big Dogecoin Surge by December
Crypto expert predicts Dogecoin could see a major surge by December, but declining holder numbers raise concerns about long-term stability.
Dogecoin, the largest meme coin, has been drawing bold predictions from several market experts following a recent price increase driven by positive sentiment across the crypto market. This surge in interest has led to speculation about its short- and long-term potential.
One of the most audacious predictions comes from crypto expert and trader Master Kenobi, who has laid out a scenario that could send Dogecoin to new heights in the short term. Kenobi shared his views on social media, sparking optimism within the DOGE community. He believes that DOGE could experience a major bullish breakout, potentially reaching significant new milestones by December. His prediction is based on past trends that have shown similar patterns of upward rallies.
Kenobi notes that DOGE’s recent price movement resembles a previous cycle that led to a bull run. He believes the meme coin could follow a similar path with several weeks of positive momentum, followed by short corrections, before resuming its upward trajectory. If this pattern continues, Kenobi suggests Dogecoin could reach a major milestone in just a few weeks. This prediction has caused a wave of excitement, but investors remain cautious, as crypto assets are notoriously volatile.
While some are optimistic about Dogecoin’s potential for a short-term rally, others have expressed concern about the declining number of DOGE holders. Recent data from Santiment shows a steady drop in the number of Dogecoin wallets, indicating some investors might be losing confidence in the coin. Since early October, there has been a noticeable decrease in active wallets, signaling a possible shift in sentiment within the Dogecoin community.
Santiment’s data also suggests that some traders are turning to other assets for faster gains, which could be contributing to the decline in DOGE holders. This has raised concerns about the long-term stability of the meme coin, as continued decreases in active wallets could affect its future price movements.
In conclusion, while there is still optimism surrounding Dogecoin’s potential for a short-term surge, the decline in holders and shifting sentiment within the community could impact its long-term outlook. Investors remain cautiously optimistic, hoping that the positive momentum seen in recent weeks will lead to even greater gains in the ongoing bull cycle.
