Dogecoin, which has lost nearly 5% in value the other day, has worried its investors. After the decline is over for now, crypto phenomena are revealing their expectations for the future. Analyst Michael van de Poppe, who is closely followed by the cryptocurrency community, shared his DOGE analysis.
Emphasizing that Dogecoin bottomed out in June, Poppe stated that he expected a rise to the level of $0.10 for DOGE price.
Well, $DOGE probably continues it's expansion towards $0.10 here.
Still buy the dip areas. pic.twitter.com/ODqGyYdlae
— Michaël van de Poppe (@CryptoMichNL) July 27, 2023
If the analyst’s goal, which has approximately 660,000 followers, is true, DOGE investors will profit by 27%.
The dog-themed cryptocurrency does not fall off the agenda due to developments originating from Elon Musk. Musk, who changed the name of Twitter, caused investors to expect a Dogecoin usage area.
Another company of the famous billionaire, Tesla, recently deleted the Bitcoin codes from the site. Tesla gave hope to crypto lovers by keeping DOGE codes on the site.
Dogecoin is currently trading at $0.788.
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