Analysts Predict Dogecoin Could Skyrocket to $5, Fueled by Recent Growth Indicators
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Analyst predicts Dogecoin could reach $5, a 6000% increase from current value, based on technical analysis of price chart
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Prediction comes as Dogecoin saw 990 million DOGE (worth $79.75 million) transferred in a single day recently
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Another analyst identified a buy signal for Dogecoin based on TD Sequential indicator
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Dogecoin's all-time high is $0.74; at $5 it would have a market cap of $713 billion
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For Dogecoin to hit $5, its market cap would have to greatly surpass current $11.49 billion market cap