Dogecoin

Bitcoin

<p><a href="https://bitcoinist.com/time-for-a-good-dogecoin-pump/" rel="nofollow">Crypto analyst Crypto Kaleo</a> has laid out a bullish narrative for <a href="https://bitcoinist.com/ripple-ceo-criticism-for-dogecoin/" rel="nofollow">Dogecoin (DOGE)</a>, revealing how well the foremost meme coin could perform in <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" rel="nofollow">this bull run</a>. He also suggested that there was no need to worry about Dogecoin’s current price action, which paints a bearish outlook for the meme coin.&nbsp;</p> 
<h2 id="dogecoin-will-outpace-bitcoin-in-this-market-cycle">Dogecoin Will Outpace Bitcoin In This Market Cycle</h2> 
<p>Crypto Kaleo mentioned in an X (formerly Twitter) <a href="https://x.com/CryptoKaleo/status/1797448650987122787" rel="nofollow">post</a> that he has “an insanely high conviction” that Dogecoin will “outpace” Bitcoin in <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" rel="nofollow">this market cycle</a>. He made this statement while revealing that he is also bullish on the flagship crypto. Given how high <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-100000-cardano-dead/#:~:text=Why%20Cardano%20Is%20Dead,non%2Dexistent%E2%80%9D%20on%20it.">Bitcoin is expected to rise</a> in this bull run, this undoubtedly paints an ultra-bullish narrative for the foremost meme coin.</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-611571" src="https://www.newsbtc.com/wp-content/uploads/2024/06/Dogecoin-Bitcoin.png?w=460&amp;resize=460%2C194" alt="Dogecoin Bitcoin" width="460" height="194" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/Dogecoin-Bitcoin.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/06/Dogecoin-Bitcoin.png?w=460&amp;resize=460%2C194 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>From the chart he shared, Crypto Kaleo predicts that Dogecoin could rise over 200% against its Bitcoin pair and climb to as high as $0.55. He is convinced that Dogecoin can make such a run because he claims the market is in a “<a href="https://bitcoinist.com/gamestop-roaring-kitty-meme-coin/" rel="nofollow">meme super cycle</a>.”As such, he remarked that the “king of memes won’t be left behind.”</p> 
<p>Despite this being a meme super cycle like Crypto Kaleo claims, Dogecoin’s price has continued to lag compared to other meme coins. However, the analyst suggested that <a href="https://bitcoinist.com/rediction-dogecoin-price-crash/" rel="nofollow">DOGE’s current price action</a> is normal, stating that the meme coin “moves sideways for extended periods, followed by rapid vertical growth.”</p> 
<p>In an earlier X post, the analyst <a href="https://x.com/CryptoKaleo/status/1790872217535819969" rel="nofollow">suggested</a> that this “rapid vertical growth” could happen once GameStop’s (GME) stock tops. He drew a correlation between both assets, noting that Dogecoin’s price rallied in the 2021 bull run after GME topped. He expects something similar to happen this time, especially with <a href="https://bitcoinist.com/gamestop-roaring-kitty-meme-coin/" rel="nofollow">Roaring Kitty’s return</a>.</p> 
<p>Meanwhile, Crypto Kaleo isn’t the only one who believes that Dogecoin can outperform Bitcoin in this market cycle. Crypto analyst Don Alt also seems to hold this belief as he <a href="https://bitcoinist.com/crypto-pundit-predicts-price-surge-for-dogecoin/#:~:text=Crypto%20Pundit%20Predicts%20Massive%20Price%20Surge%20For%20Dogecoin%20%E2%80%93%20Here's%20The%20Target&amp;text=Crypto%20analyst%20DonAlt%20has%20provided,from%20its%20current%20price%20levels." rel="nofollow">previously suggested</a> that Dogecoin was a better investment than Bitcoin based on his claim that Dogecoin can rise to as high as $2 in this bull run.&nbsp;</p> 
<h2 id="doge-going-to-go-parabolic-later-this-year">DOGE Going To Go Parabolic Later This Year</h2> 
<p><a href="https://bitcoinist.com/buy-dogecoin-waiting-for-0-4/" rel="nofollow">Crypto analyst Altcoin Sherpa</a> has also offered a bullish narrative for Dogecoin. In a recent <a href="https://x.com/AltcoinSherpa/status/1797598564283199514" rel="nofollow">X post</a>, he stated that the foremost meme coin “is going to do something stupid later this year,” suggesting that a parabolic rise was on the horizon for Dogecoin. He added that Dogecoin is still one of the <a href="https://bitcoinist.com/buy-dogecoin-waiting-for-0-4/" rel="nofollow">“safest trades”</a> anyone can make in this cycle.&nbsp;</p> 
<p>He also seems to believe that Dogecoin can outperform Bitcoin in this cycle, noting in another <a href="https://x.com/AltcoinSherpa/status/1797970126656119194" rel="nofollow">X post</a> that Dogecoin was one of the few <a href="https://bitcoinist.com/altcoin-season-ethereum-breakout/" rel="nofollow">altcoins</a> that increased and held above their Bitcoin pair in the 2021 bull run. He added that these altcoins “are for this cycle” and that crypto investors should keep this in mind.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/lwtls9lS/" alt="Dogecoin price chart from Tradingview.com (Bitcoin)" width="3286" height="1576">

Popular Analyst Predicts Dogecoin Will Outperform Bitcoin As Market Enters Meme Coin Super Cycle

Table of Contents

NewsBTC

Other articles published on Jun 5, 2024

Bitcoin rises above $71k after massive inflows into spot ETFs

MoonBag Becomes the Talking Point among Crypto Whales as NEAR and FTM Forget to Shine

Types of Keyboards: Which One Is Best for Your PC

Cryptocurrency Arweave Rises More Than 5% In Price Within 24 hours

Why the Spot Ethereum ETF May Follow the Bitcoin ETF Path?

Cryptocurrency Monero Up More Than 3% In 24 hours

Join our free newsletter for daily crypto updates!