As the Dogecoin (DOGE) price is consolidating in the $0.175 area, bulls are eyeing a quick return to $0.20 amid a surge in trading volumes during Asia trading hours.
As per Yahoo data, Monday trading volumes already exceeded $2.5 billion across major exchanges prior to the US market open.
South Korean press reported on Monday that crypto trading volumes in the nation exceeded stock market volumes.
That likely points to a surge in risk appetite amongst Korean retail investors.
If that translates over to the US market on Monday, Dogecoin could soon be about to pump.
And with Bitcoin (BTC) hitting fresh record highs above $72,000, a pickup in risk appetite is very likely.
At current price levels, the Dogecoin price has doubled in the last two weeks.
The price surge comes following Bitcoin price’s seemingly unstoppable rise in recent months, which has seen it pump above $70,000 from under $25,000 as recently as October 2023.
Whilst up until recently Bitcoin was leading the market, meme coins have taken center stage in the last two weeks.
Dogecoin (DOGE) Price Prediction – Big Pump Incoming?
The Dogecoin price is up over 3x versus its 2022 lows around $0.05.
But DOGE is still down more than 75% from its 2021 peaks above $0.74.
As the current crypto bull market matures, the implication is that there remains plenty of room for further upside.
Assuming Bitcoin continues its ascent towards $100,000 in the coming weeks, Dogecoin could continue closing the gap to its ATHs.
2024 could even be the year that it hits $1.0 per token.
Could the Dogecoin price hit $1 in 2024? / Source: TradingView
That could mean investors who jump into Dogecoin now might still be able to clinch 5-6x gains.
Those are impressive gains for sure.
But many meme coin investors are looking for much bigger upside, for example, in the region of 100x.
Lesser known but high-potential meme coins with valuations of around $100 million are the best bet for 100x upside.
But with so many meme coins on the market, it’s tough for investors to know where to start.
Luckily, the team at Cryptonews spend a lot of time analyzing promising up-and-coming meme coins.
Of course, investors must always do their own research, but here is one token they think has great risk-reward.
Dogecoin Alternative – Scotty (SCOTTY)
Scotty the AI is a brand new Ethereum-based dog-themed meme coin, but with an important difference.
Scotty the AI isn’t just another Shiba Inu. Scotty is a Scottish Terrier.
And unlike the likes of Dogecoin, Shiba Inu and Bonk, Scotty is a meme coin that is packed with utility.
Scotty the AI features an agile threat-detecting AI system that tirelessly ensures the integrity of the cryptoverse by sniffing out potential threats, suspicious transactions, network anomalies, and security breaches.
And Scotty is rewarding his army of fans with his unconditional loyalty as their on-chain, AI-powered guard dog.
Scotty the AI also features a security chatbot and will be the star of an upcoming play-to-earn (P2E) game.
Scotty the AI just launched an initial coin offering (ICO).
Having already raised a whopping more than $4 million, it’s already being talked about as 2024’s best presale.
Investors are racing to secure their $SCOTTY tokens given they are on sale for $0.00803 each, a very low price.
Indeed, given the total $SCOTTY supply of 1,734,567,890, investors getting tokens at $0.00803 are essentially buying to Scotty at a market cap of around $14 million.
If Scotty achieves its goal of becoming a household meme coin name, it could easily reach $200 million.
Scotty thus ranks as one of the best crypto meme coins to buy now.
The post Dogecoin Price Prediction as $2.5 Billion Trading Volume Sends DOGE Toward $0.20 – Big Rally Incoming? appeared first on Cryptonews.