After XRP, Dogecoin Overtakes USDC to Become 6th-Largest Crypto by Market Cap

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Dogecoin is on a roll. The OG meme coin crossed the $0.25 mark on November 10, 2024, for the first time in three years, then added another 25% in the last 24 hours to reach $0.28. Meanwhile, its market cap surged to a three-year high and is currently hovering near $42 billion.Experts suggest that the token may be primed for more accelerated gains.

With the current golden cross, the analyst suggests that the asset may once again be poised for a significant upward trend. Based on Fibonacci extension levels, price targets between $2 and $4 appear achievable in this cycle, sparking optimism for a repeat of its historic growth trajectory. Drawing from historical price patterns, another popular crypto analyst, Ali Martinez, said that Dogecoin’s potential peak may align between the Fibonacci retracement levels of 1.618 and 2.272. If this analysis holds, it places the meme coin’s possible top in the range of $3.95 to $23.26 – a massive leap from its current price levels.is about to go parabolic! Based on historical patterns, a potential top might lie between the 1.618 and 2.272 levels, translating to a price range of $3.95 to $23.

Following Trump’s victory and his pledges to support the crypto industry, the prices of several dog-themed assets have rallied over the past week. This includes), which moved up in market cap rankings to become one of the largest cryptocurrencies, surpassing Tron and Toncoin along the way.

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