Canfield bases his analysis on several indicators. He highlights the Solana Dominance (SOL.D) chart, noting that at the peak market cap, it didn’t even crack 3%. Given the current trends and the breakout of SOLBTC from its weekly resistance, Canfield envisions a scenario where Solana could enter a parabolic rally phase, which is further supported by the SOLETH chart showing a similar pattern. “SOLETH – Also currently broke out of a weekly resistance and looks to be forming a parabolic rally against it.” Will Doge reach 5 dollars? 2040 is almost 20 years into the future. With that, many crypto analysts don’t even create predictions for that long of an investment timeline. The lack of predictions doesn’t necessarily mean that dogecoin will be worthless in 2040. While it’s possible dogecoin will be wiped out completely by 2040, it’s also possible it will continue to grow beyond our wildest imaginations by this future date.
DOGE will need to 10,000x its value in order to reach a $1000 per coin valuation. Can it Do(d)ge its way to the moon? Dogecoin (DOGE) is based on a popular meme and was created as a fun alternative to Bitcoin. Even though it was initially created as a joke, it has now become an innovative cryptocurrency with myriad applications. The native token of Dogecoin is DOGE, and Elon Musk, the Twitter owner, is one of the token’s fans. Even though 2022 was a rough year for Dogecoin (DOGE) and other cryptocurrencies, analysts have predicted it could grow exponentially in 2023.
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