Dogecoin Price Faces Volatility After Department Of Government Efficiency Gets Served With 3 Lawsuits

Regardless of the alerting lawsuit action, a crypto analyst has set a lofty price target for Dogecoin. Expert analyst Dima James has predicted $20 for DOGE in the near term, based on its current price of $0.36. While the memecoin is still recovering from the sudden shock, IntelMarkets is slowly becoming a safe zone for memecoin investors looking to regain profits.

Dogecoin To Rebound With Over 1,000% Growth?

The memecoin analyst has connected his forecast to past trends, noting that Dogecoin usually goes up after U.S. presidential inaugurations. He pointed out past instances when the altcoin’s value surged because of heightened political and social interest. While historical performance doesn’t guarantee future success, this trend offers a closer look into DOGE’s potential.

Potts examined Dogecoin’s weekly chart, paying particular attention to the cryptocurrency’s notable price fluctuations following the last two U.S. presidential inaugurations. Following the event, DOGE saw a massive 30x price surge in 2017, and in 2021, it slammed forecasts with an 80x rally.

These past spikes have set the memecoin up for a trend of impressive post-inauguration performance. Potts predicts comparable growth potential for the 2025 cycle. Just before the inauguration, Dogecoin was selling at $0.38. He believes that a 55x surge, which is the average of the prior cycles, might push the price above $20.

$20 Price Tag Might Be Bold, But Not Impossible

The analyst believes Dogecoin’s roadmap to $20 depends on key developments within its platform. An increased level of utility, new use cases, or relationships with companies around the world could potentially all increase its value. However, such a value would require high levels of adoption and persistent market demand previously unseen.

Skeptics say that DOGE may be unable to sustain such growth since it is not a major utility like other cryptocurrencies. Still, given its meme coin status, anything is possible in the volatile crypto market overnight.

Technical Indicators for Dogecoin (DOGE)

The state of the world market will have a big impact on Dogecoin’s growth. Potts claims that macroeconomic conditions that are favorable to DOGE may cause it to approach this $20 target. On the other hand, regulatory pressures or general pessimism in the market could get in the way of the altcoin’s performance.

At the time of writing, DOGE was trading at $0.36, down 3.26% in the daily and weekly timeframes. Like most cryptocurrencies, the value of Dogecoin is influenced by sentiment and demand. Maintaining any high-volume progress will thus depend on keeping a strong community presence while drawing fresh investment.

Dual-chain Platform IntelMarkets Rules Over Memecoin Investors

The next-generation AI platform IntelMarkets is preparing grounds to take over the memecoin sector with its advanced trading features. The platform infuses a range of cutting-edge real-time processing tools to enhance trading performance. The process involves the optimization of hyperparameters pertaining to each trading indicator.

Apart from the OHLCV data, IntelMarkets’ proprietary process involves normalizing other technical indicators. What really catches the eye of the user is IntelMarkets’ Intelli-MTM robots that self-learn from their mistakes and real-time trading data. This results in a consistent improvement in the trading robots’ performance with increased trade frequency.

Memecoin Lovers Place Big Bets On INTL’s $0.08 Presale Rally

The shifting sentiment in the memecoin sector is drawing traction to IntelMarkets’ next-generation AI-powered crypto trading. The platform incorporates ‘Omnichannel Processing,’ which outsmarts the standard trading interfaces. While traditional trading interfaces generate mixed signals, IntelMarkets’ Intell-Array™ studies markets to give a holistic signal.

These signals are rendered by IntelMarkets’ AI integration, which is backed by over 100,000 data points. While Dogecoin could surge ahead to new highs in the near term, there’s increasing speculation circulating about the memecoin in the market. If you’re on the lookout for the next-generation AI-powered crypto trading, IntelMarkets could turn your $100 into $100,000!

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