Krutika Adani
Dogecoin price may have reached the market bottom after a wide market selloff was seen last week.
Crypto analyst Johnny Brah reaffirmed previous predictions and expects DOGE to rally in a similar way as in 2021 when the crypto went from $0.003 to $0.7.
Analysts expect tweets from Elon Musk to play a vital role in the price rally. Elon had been tweeting cryptic messages for Dogecoin for the last few years.
Other factors that might push Dogecoin’s price upwards are a strong community, the largest memecoin tag, strong network growth, and usage statistics.
Memecoins have been awaiting a trigger from top cryptos like Bitcoin and Ethereum to begin their rally.