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Pundit Envisions Dogecoin’s Rapid Explosion To $440 Based On Historical Cycles Amid Aggressive Whale Accumulation

OG memecoin Dogecoin (DOGE) was one of the crypto assets that crashed hard during the recent market pullback, hitting a low of $0.22 on Feb. 3. However, it appears that Dogecoin whales — investors who hold large amounts of the cryptocurrency — were unfazed as they instead took advantage of the market crash to accumulate the asset in significant volumes. Is the accumulation trend hinting that a large move is on the horizon for the Shiba Inu-themed cryptocurrency? Dogecoin Whale Accumulation Is Gaining Momentum Popular market analyst Ali Martinez observed that whale wallets holding between 10 million and 100 million Dogecoin scooped up around 750 million DOGE tokens during the latest dip. As Martinez notes, the rising supply of whale addresses signals growing confidence among large investors in Dogecoin’s upward trajectory. At the time of publication, DOGE changed hands at $0.2485. Notably, the recent official launch of the Elon Musk-led Department of Government Efficiency (DOGE), an extra-governmental agency humorously tied to Dogecoin’s ticker, DOGE, has sparked renewed speculative interest in the world’s oldest and biggest memecoin. Analyst Foresees $440 DOGE Target Meanwhile, a notable crypto strategist, Dima Potts, suggests that Dogecoin has exhibited a predictable cycle over the years, with peaks happening approximately every 1,442 days. Historical data shows that the first major peak occurred 1,442 days after the previous high, representing an astounding 21,821% price appreciation from the cycle low to the peak in January 2018. Data from his accompanying chart indicates that the second cycle mirrored this pattern, with DOGE peaking out exactly 1,442 days after the previous peak. This time, Dogecoin saw an even bigger rally, leaping by 54,890% from its cycle low to the $0.74 all-time high in May 2021. Dogecoin is currently in its third major cycle. Potts forecasts that if history repeats, DOGE will record its next peak around the week of April 14, 2025. He expects Dogecoin to perform just as well, if not better, than in previous cycles due to growing adoption, rising institutional interest, and technological advancements. Potts’ analysis predicts a price of $10 for DOGE, but the chart data implies an even loftier price target of $440, which would represent a 175,890% jump from the current price level. The Defiant

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Bitcoin Price Analysis: Blood in the Water or the Perfect Buy Opportunity?

Over the past hour, bitcoin has oscillated within a narrow corridor of $95,850 to $96,240, its market cap anchored at $1.90 trillion. Daily trading activity tallied $48 billion, while intraday price fluctuations stretched from $95,676 to $100,097, reflecting a market teetering between hesitation and ambition. Bitcoin A granular one-hour view reveals the leading cryptocurrency is The Defiant