It looks like DOGE will continue to be the king of all memecoins as analysts expect Dogecoin to continue its bull run. cryptocoin.comAs we reported earlier in , Shiba Inu is struggling to maintain its position as the 15th largest cryptocurrency by market cap.
DOGE leadership will continue
Analysts expect the Dogecoin price to reach $0.48 before the end of 2021 in the current bull run. Backers await the release of Robinhood’s DOGE wallets, so Dogecoin can be spent at 600,000 stores to increase its utility. The idea that dogecoin imitations cannot beat memecoin is gaining weight. Analysts expect DOGE to survive the decline as 70% of wallet addresses with DOGE are profitable. Dogecoin is poised to make a comeback as the king of memecoins. The leading memecoin DOGE has a market cap of $32.4 billion and is in the top 10 cryptocurrencies on CoinGecko. While several Dogecoin likes hit cryptocurrency exchanges, they failed to dethrone DOGE in on-chain activity and market capitalization.
Did Buterin sell Dogecoin?
Interestingly, Ethereum creator Vitalik Buterin sold $1.8 million in dog-themed cryptocurrencies. Buterin is on the advisory board of the Dogecoin Foundation and the Ethereum creator did not sell DOGE or SHIB in its recent activity on decentralized exchanges. Although the Shiba Inu set out to dethrone DOGE and is widely popular as the “Dogecoin killer”, the SHIB price has dropped recently and the token is struggling to maintain its position in the top 15 cryptocurrencies. Dogecoin holders are waiting for Robinhood to release their memecoin wallet. Dogecoin advocate and trader @TDogewhisperer believes that the launch of the wallet will increase the utility of memecoin.
Alen, a cryptocurrency analyst and YouTuber, has set a bullish target of $0.48 for memecoin. Alen says: “I’m sticking with my Dogecoin $0.48 prediction by the end of the year and I still think we have a very good chance of 5,000 to 10,000 for Ethereum. Nicknamed cryptocurrency analyst @CryptoWarrior01 has a bullish bias on DOGE price.
Analysts evaluated DOGE price and predicted that memecoin’s network activity indicates a major breakout is underway.
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