Benzinga – Dogecoin (CRYPTO: DOGE) is rallying on increasing whale transactions, prompting fresh optimistic takes from traders about its upcoming price trajectory.
What Happened: Trader Crypto Patel predicted a significant surge for Dogecoin and sees a promising accumulation zone for investors between $0.1 and $0.07. He set his long-term targets at $1 and $2.
Patel acknowledged the impressive returns of Dogecoin for long-term holders, saying, “To those who’ve held for the last 6 years, your profit is 6900x at ATH and the current ROI is still 1150x.”
Despite his optimistic outlook, Patel reminded his followers to invest wisely, especially in meme coins. “Reminder: I never suggest investing a huge amount in meme coins.”
Another crypto researcher, Jake Wujastyk sees Dogecoin at an important level.
#Dogecoin Make or break here. $DOGE pic.twitter.com/MAw1Ay7rK1