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Dogecoin Price Could Soar To $23 Based On These Bullish Fractals

The Dogecoin price has struggled to build on its bullish momentum over the past few weeks, sinking to as low as $0.267 on December 20. However, the meme coin appears to have stabilized just above the $0.3 mark. Interestingly, this price level might only serve as a springboard for the price of Dogecoin to new highs, according to a prominent crypto analyst on the social media platform X. The expert believes that the value of the meme coin could skyrocket to as high as $23. Is DOGE Price Gearing For A 7,500% Rally? In a new post on the X platform, crypto analyst Ali Martinez revealed that the Dogecoin price might be primed for a bullish breakout. This projection is based on the return of a price pattern (fractals) in the DOGE weekly chart, with the pundit suggesting that the token could rally to a new all-time high of $23. Related Reading: Galaxy Research Reveals Bitcoin, Ether And Dogecoin Price Projections In 2025 Crypto Forecast For clarity, fractals are repeating patterns in price charts that can help predict future price movements for a particular cryptocurrency. As shown in the chart below, the Dogecoin price has been in a recurring descending triangle pattern on the weekly timeframe since as far back as 2014. This bullish fractal has occurred multiple times in the past, with the Dogecoin price embarking on a positive run after breaking out of the consolidation range. Martinez highlighted that the price of DOGE broke out of the fractal in 2017, reaching a then-all-time high of $0.01877. Similarly, the Dogecoin price broke out of the descending triangle in 2021, skyrocketing to the current all-time high of $0.7 during the previous bull cycle. Most recently, the meme coin has just broken out of this historical fractal. With the current setup on the weekly chart, the price of DOGE looks set for a bullish explosion in the coming year. According to Martinez, the largest meme coin could travel as high as the $23 mark over the next few months, representing a 7,500% rally from the current price point. Dogecoin Price At A Glance As of this writing, the price of DOGE sits just above the $0.32 mark, reflecting a 2.5% increase in the past day. Nevertheless, this positive single-day performance has not been enough to move the meme coin into profit on the weekly timeframe. Related Reading: Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’ According to data from CoinGecko data, Dogecoin still ranks as the largest meme coin and the seventh-largest cryptocurrency in the sector, with a market capitalization of around $47.4 billion. Featured image from iStock, chart from TradingView Coinpaprika

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Sberbank Joins Russia’s Digital Ruble Pilot Program

Russia’s financial landscape is shifting significantly as Sberbank, the nation’s largest lender, officially joins the digital ruble pilot program. The Central Bank of Russia (CBR) recently announced this major development. Alongside Sberbank, TBank and Tochka Bank have also become part of this transformative initiative to redefine the country’s monetary system. With these additions, the program now boasts 15 participating credit organizations. Revolutionizing Currency: The Digital Ruble Emerges The digital ruble marks a new era for Russian currency. This new currency initiative would function as a third form of the national currency, complementing physical cash and traditional non-cash money. This innovative system first began its pilot phase in August 2023, featuring 12 credit organizations. The program has expanded to include major players like VTB, Alfa-Bank, and Gazprombank, alongside Sberbank and others. This broad participation signals growing confidence in the initiative. By July 2025, the central bank expects all major banks to integrate digital ruble functionalities into their offerings. Customers can open digital ruble accounts, conduct transfers, and incorporate digital currency into their transactions. Smaller banks will follow this lead, ensuring nationwide coverage in the years ahead. Navigating Challenges on the Road to 2025 The journey toward full implementation is not without hurdles. To date, 22 banks have signed agreements with the CBR and are upgrading their systems to meet the program’s rigorous requirements. The central bank has emphasized compliance, warning financial institutions failing to meet the July 2025 deadline will face penalties. This directive highlights the central bank’s commitment to ensuring a seamless and timely rollout of the digital ruble. The pilot program’s early testing has already shown promising results. From its initial phas,e with 600 participants, the program expanded to 9,000 participants by October 2024. This rapid growth reflects the program’s scalability and readiness to accommodate widespread adoption, laying a solid foundation for its rollout. The Broader Vision: Equal Access for All The CBR’s ultimate goal is inclusivity by making the CBDC as accessible as cash and non-cash options. The central bank aims to create a seamless financial experience for individuals and businesses. This equitable approach fosters trust and ensures that digital currency becomes a cornerstone of everyday transactions. As the digital ruble pilot progresses, it positions Russia as a pioneer in the global race to adopt Central Bank Digital Currencies (CBDC). With Sberbank and other major players on board, Russia’s digital ruble initiative is poised to redefine the future of money. The post Sberbank Joins Russia’s Digital Ruble Pilot Program appeared first on TheCoinrise.com . Coinpaprika