Market expert now anticipates Dogecoin’s (DOGE) price rise via Solana (SOL) surge if SOL hits $1,134 during this Bull Market.
Crypto Rand, a well-known market analyst, has shared his price forecast for Dogecoin, especially in a scenario where Solana could surge to $1,134.
The cryptocurrency market has entered the second phase of its current bull run, with asset prices experiencing significant increases.
Bitcoin (BTC) has been at the forefront, briefly reaching a new high of $93,500 before facing a pullback.
Uptrends for DOGE and SOL
Despite recent market fluctuations, Bitcoin has remained above $90,000.
Altcoins like Solana (SOL) and Dogecoin (DOGE) have also seen substantial gains, even though the anticipated altcoin season hasn’t fully kicked off yet.
For example, Solana has climbed 29% in November, currently trading at $217, just 19% shy of its all-time high from 2021.
Meanwhile, Dogecoin has jumped 140% this month, making it one of the standout performers of the rally, with a current price of $0.3880, still about 90% below its 2021 peak.
Many analysts believe that the gains of altcoins such as SOL and DOGE are just a glimpse of their potential growth in this bull cycle.
Notably, Ali Martinez has pointed out that Dogecoin’s MVRV ratio indicates it still has room to rise.
Crypto Rand is optimistic about further price increases for Dogecoin and other altcoins.
He recently shared predictions for five altcoins, indicating that their upward trends are just beginning.
Dogecoin’s Potential if Solana Hits $1,134
Crypto Rand predicts that Solana could reach $1,134 in this market cycle, representing a 422% increase from its current price.
This would also require Solana to climb 337% from its 2021 all-time high.
While this jump is plausible—given that Solana previously spiked 963% from September 2023 to March 2024—achieving such gains may be challenging due to the capital needed.
If Solana does hit the $1,134 mark, Crypto Rand expects Dogecoin to not only surpass $1 but potentially reach $2.14, representing a 449% increase from its current level.
Similarly, Ali Martinez has suggested that Dogecoin could rise to $2 if it breaks a key resistance level on its weekly chart, reinforcing the bullish sentiment around the $2.14 and $2.40 price points.
In addition to Dogecoin and Solana, Crypto Rand has also made predictions for other altcoins, expecting Bittensor (TAO) to reach $5,398 (a 910% increase), Render (RENDER) to rise 675% to $53, and Sui (SUI) to surge to $18.70, marking a 454% rally.
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Also Read:Â Analyst Is Optimistic In Potential Dogecoin Increase As Support Levels Now Rise
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