In what was certainly a surprise to the industry, DOGE has been one of the market’s biggest winners Thursday. Continuing a trend of price increases throughout March, Dogecoin is now forecasted to reach $0.50 as soon as April after a 16% increase that took place today.
The original meme coin is now trading at $0.21 and is at its highest level since 2021. However, what’s even more optimistic about the token is that its increase is following a clear trend. Throughout this month, Dogecoin has increased more than 115% according to CoinMarketCap.
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Dogecoin Passes $0.2 For 1st Time Since 2021; is $0.5 Next?
The digital asset market has seen a plethora of assets impress with their performance so far this year. Chief among them was Bitcoin, which rode Spot ETF interest and excitement to an all-time high of $73,000 in March. Thereafter, a host of different cryptos have been outperforming many expectations.
Among them is the original meme coin, as DOGE has been one of the surprises to emerge toward the end of the week. Now, there is an expectation that Dogecoin’s price could be headed to $0.50 as soon as April after its 16% increase today. The development carries over from some experts who predicted a journey to a new all-time high even before the Bitcoin Halving event takes place.
Also Read: Dogecoin (DOGE) Historical Trend Hints at $1 Pre-Halving
The asset has seen a plethora of bullish signals encourage its ongoing ascension to its current level. Moreover, those don’t appear to be slowing down. Dogecoin has seen its transaction volume increase to $9.2 billion over the last 48 hours alone. Additionally, its active addresses have notably surpassed the 6 million mark.
Additionally, the bullish momentum should continue as Coinbase has announced it will list Dogecoin futures starting the first of April. That should provide even more positive sentiment that is compounded by the ever-present Elon Musk effect.
The Dogefather has hinted at possible X-integration of the asset, with those talks skyrocketing its value. The combination of the upward trajectory that it is facing, and external development could provide the necessary developments for Dogecoin to skyrocket next month.