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Title: Is Dogecoin (DOGE) Floor Price In?
As the crypto market navigates a challenging landscape, many investors are left wondering if their investment will recover. One coin that has piqued interest is Dogecoin (DOGE), which has been struggling to break above its long-standing resistance. Amidst these uncertain times, it’s essential to assess whether the floor price of DOGE is in.
Recent developments suggest that a potential rebound might be on the horizon. According to Galaxy Research, Dogecoin could potentially reach $1 by 2025, fueled by the Elon Musk-led Department of Government Efficiency (D.O.G.E). This ambitious target has sparked renewed interest in the meme coin, with investors now eager to know if DOGE’s floor price is indeed in.
While it’s impossible to predict market movements with certainty, recent data suggests that a turnaround might be imminent. In a surprising development, $77 million in Chainlink (LINK) was accumulated in just three days, hinting at increased investor confidence and potential market shifts.
In light of this information, I’d like to explore the possibility of DOGE’s floor price being reached in the midterm.
Source: u.today
