Dogecoin’s market cap has skyrocketed, reaching $27.8 billion after a 17.7% increase this week. It has successfully outstripped Cardano, marking a significant shift in rankings among cryptocurrencies.
Despite a recent 1.4% dip, DOGE is holding steady at approximately $0.1810. Technical analysis indicates a bullish trend as DOGE exits a falling wedge, with strong support at $0.143 and $0.16.
Analysts forecast that DOGE could approach the $1 mark by May 2025, bolstered by favorable market conditions and increasing investor interest, particularly as Bitcoin nears $94,000.
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