Crypto Trader Who Predicted Bitcoin’s Bear Market Bottom Foresees $DOGE Price Rally

    A high-profile trader going by Smart Contracter on the microblogging platform Twitter has foreseen a potential Dogecoin ($DOGE) price surge, predicting it could hit a $0.41 high after moving upward.

    In a tweet shared with his over 150,000 followers, Smart Contracter said DOGE was “ironically looking primed and breaking a key downtrend,” and even questioned whether the season of meme cryptoassets moving upward was back.

    Source: Smart Contracter on Twitter

    According to CryptoCompare data, Dogecoin is currently trading around $0.25 after moving up 5% in the last 24-hour period.  The cryptocurrency has been recovering from a $0.16 low it saw after hitting a $0.74 all-time high.

    As CryptoGlobe reported, Dogecoin’s price exploded earlier this year after traders tried to get it to hit $1, and kept on pumping with support from various celebrities, including Tesla CEO Elon Musk. A panel of experts surveyed by Finder has predicted DOGE could hit $1.2 by 2025, while expecting it to close this year at about $0.42.

    On Twitter, Smart Contracter also predicted that indexing protocol The Graph (GRT) could turn bullish after enduring a long accumulation phase. The trader is well-known for, in June 2018, accurately predicting the bear market bottom of $3,200 in December of that year. At the time, the price of BTC had been dropping since December 2017, when it hit a then all-time high near $20,000.

    In June of this year, while replying to another user asking what would happen next in the markets, the pseudonymous analyst revealed he was “leaning towards 28k then new ATH.” The price of BTC, it’s worth noting, dropping to $29,000 before recovering to its current level at $45,000.

    Similarly, Bloomberg analyst Mike McGlone has recently revealed he believes both Bitcoin and Ethereum are “discounted bull markets” that solidified their support bases in June and July, and could resume their upward price trajectories in the near future, with $100,000 being in play for BTC.

    The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

    Featured image via Unsplash

    Related articles



    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Atlantis Exchange Received 30,000,000 Advanced Bitcoin as Liquidity

    SEATTLE, WA, May 20, 2022 /24-7PressRelease/ — Atlantis Exchange is pleased to announce that a deposit of 30,000,000 Advanced Bitcoin (“aBTC”), a green cryptocurrency...

    These indicators show how the equities sell-off is influencing crypto prices to fall down

    Cryptocurrencies experienced on May 10 a large market crash, losing over 10% in a single day of most of the coins. This is the...

    Xendit Raises $300M to Grow Payments Platform

    Southeast Asia payments platform Xendit closed a $300 million Series D funding round that brings its total investment capital since 2015 to $538 million,...

    Top Cryptocurrency Prices Today, May 20: After crypto crash, Bitcoin, ETH, Solana, ADA, Polkadot, Matic rise upto 6%

    Top Cryptocurrencies of the World Prices Today in India (May 20, 2022): The global crypto market cap recovered 2.87% in the last 24 hours...

    Ethereum to Merge in August as Final Testing Begins

    The Merge is a milestone upgrade that transitions the Ethereum network consensus mechanism from proof-of-work mining to proof-of-stake (PoS). It is a significant step...


    Subscribe to stay updated.