The original meme coin Dogecoin (DOGE) was inches close to its all-time high at $0.48 over the weekend due to Elon Musk-related development. This has led to analysts forecasting that DOGE can easily capture its 2021 high in this bull cycle.
However, the meme coin soon declined to $0.4070 after it went down 5% in 24 hours.
Despite this decline in price, Dogecoin is expected to surge again. In fact, analysts predict it would double its previous ATH.
Analysts like Master Kenobi suggest that DOGE could aim for $2.80 by 2024 end if history repeats itself. On Monday, the meme coin was trading at $0.01, an equivalent of its January 4th pricing.
But Kenobi has warned that he can't imagine such a massive move and recommends traders be grounded.
“The conservative plan suggests a range of $1 to $1.45 (double the previous ATH) as plausible for this timeframe”, said the analyst.
This means a 3.5x gain from the current price which would translate into massive profits for most crypto investors.
However, most traders are looking for better returns and Dogecoin can offer that. Many are looking for alternative meme coins to invest in including Flockerz (FLOCK).
This DAO-powered vote-to-earn meme coin can surge 10x or more as it launched a new feature called “Vote-To-Earn” (V2E).
This shows Flockerz isn't relying on community hype or utility alone but involves people in the decision-making process.
The voting for this coin happens on the Decentralized Autonomous Organisation platform Flocktopia where FLOCK holders can earn from the V2E process.
The community of this meme coin called “the Flock” is fast expanding as it already reached 3000 subscribers and has a Telegram channel of 2000 subscribers.
This Chicken coin is already in high demand in its presale phase as early investors are flocking to buy FLOCK, adding $3.320 million to the project.
Flockerz could ultimately turn out to be the best meme coin of 2024 as the V2E DAO approach will make the community grow faster and reap high staking rewards.
Although the Dogecoin forecast for the upcoming month is promising, Flockerz could potentially outstage it with its gains.
At the time of writing, DOGE was down 5.58% in the last 24 hours to trade at $0.3814 while its trading volume has increased by 3.53% to touch $9.73 billion and its market cap decreased to $56.01 billion.