Crypto Analyst Sees Dogecoin Reaching Half A Dollar Soon, Says 'DOGE Has Plenty More Left In The Tank'

Pseudonymous cryptocurrency analyst Kaleo suggested that Dogecoin DOGE/USD has more room to grow.

What Happened: Kaleo in a tweet on X said, "Just a reminder anon – $DOGE has plenty more left in the tank."

At the time of reporting, Dogecoin’s trading price stands at $0.19, bringing its market capitalization to $25.9 billion, a 100% climb over the past week.

The chart shared by Kaleo shows that Dogecoin has more potential than its current value, predicting that it will reach as high as $0.67.

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

Why It Matters: Last week, Kaleo expressed a steady confidence in the meme coin. The analyst tweeted, “Slowly but surely the dog will continue to run.”

This comes as Dogecoin has seen a spike in public interest, surpassing its rival Shiba Inu SHIB/USD in Google Trend searches. 

Data from Google Trends shows that interest in Dogecoin soared, hitting a score of 76, while interest in Shiba Inu lagged at a score of 30. 

Another pseudonymous crypto analyst Altcoin Sherpa, also shared an optimistic stance on Dogecoin, suggesting a strategy for potential investors. “Its not a very creative or fast trade but $doge is eventually going to do crazy #s this cycle. It won’t outperform other memes given MC but you probably make 4x your money if you buy and sell on the giga pump. Buy now and go into a coma and sell when this moons.”

The rise in Dogecoin's price comes with an all-time high in futures open interest, reaching $1.4 billion. 

Price Action: At the time of writing, DOGE was trading at $0.18, up 10.03% in the last 24 hours, according to Benzinga Pro.

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