Krutika Adani
Dogecoin investors have been eyeing the $1 target as the crypto seems to repeat its 2021 rally.
The rally in Dogecoin is part of a larger memecoin rally which has made more than 13x returns in 2024.
Whales have expressed renewed interest in the top memecoin and have bought massively over the weekend.
Top crypto analysts like Michael van de Poppe and Ali Martinez have already predicted targets above $1.
However, Dogecoin still depends on Bitcoin for market directions as the latter dominates more than 50% of the market cap.