An 8% dip today for DOGE hasn’t done enough to dislodge the meme token from its position as the best-performing major coin of the last 30 days.
It remains up by 86% in a week and by 195% in a month, with post-election bullishness keeping its momentum exceedingly high.
Donald Trump’s appointment of Elon Musk as the co-head of a new Department of Government Efficiency (D.O.G.E.) has served to amplify this positivity even further.
And we’ve asked ChatGPT-4o to use the latest developments to arrive at a forecast for the token, with the generative AI suggesting that it could reach $1 over the longer term.
AI Predicts $1 Timeline for DOGE – How Long Until $10?
Based on the data and sources at its disposal, ChatGPT has suggested that DOGE could rise as high as $0.45 within one or two weeks, assuming it breaks through its current resistance level.
It also predicts that the meme token could hit $0.50 in the next month, which would be its highest level since mid-May 2021.
And given that the coin hasn’t been this high for so long, such a move could spark a longer term and more sustained breakout towards $1, which could be a realistic target for the first few months of 2025.
In fact, ChatGPT is even more bullish when it comes to the long-term, with the AI suggesting a range between $2 to $5 (“or beyond”) when counting in years.
Source: ChatGPT/OpenAI
While the AI didn’t offer specifics, it suggested that it could witness institutional acceptance and partnerships in the coming years, helping to propel its price to new heights.
This could be a reference to X eventually introducing crypto and DOGE payments on its network, something which would undoubtedly send the meme token soaring.
Of course, ChatGPT is simply riffing on available data and information, so its insight is no more privileged than that of any well-informed expert or trader.
Yet it undoubtedly comes at a great time for Dogecoin, with the coin’s chart suggesting that it could soon bounce back from today’s decline.
Source: TradingView
Its RSI (purple) is bouncing up from an oversold level, while it looks like the coin’s price is itself bouncing off its medium-term support (green).
As such, ChatGPT’s setting of a near term target of $0.40 to $0.45 for DOGE is realistic.
New Altcoins with Strong Fundamentals
One issue with DOGE is that it has become too overbought, meaning that it may suffer a significant decline in the coming weeks.
Traders may want to protect themselves against this possibility by diversifying into newer alts, which can help broaden their exposure to potential upside.
This should include some presale tokens, which can generate lots of momentum during their sales and then go on to rally big.
New ERC-20 token FreeDum Fighters (DUM) is one presale coins with a strong chance of doing well, having opened its offering at the end of last month.
It has already raised over $500,000, with the coin offering a unique, politics-themed take on staking.
It enables holders to stake their DUM tokens in one of two pools, with one based loosely on Donald Trump and the other on Kamala Harris.
What’s interesting about this approach is that the least popular pool at any given time while increase its staking yield to attract holders back to it, creating a kind of perpetual balance between the two.
This mechanism will enable FreeDum Fighters to encourage greater community engagement and growth, with the project opening online forums in which users can debate each pool.
Winners of debates will receive the proceeds of weekly airdrops, something which will further incentivize participation.
DUM comes with a max supply of 250 billion, with 40% of this going to its presale, 20% to its staking pool, 20% to liquidity, and 10% to debate rewards.
Investors can join its sale by going to the official FreeDum Fighters website.
1 DUM currently costs $0.00008, although this will rise to $0.0001 and then $0.000125 in the third and fourth stages.
Traders should therefore act quickly, in order to lock in the biggest possible gains.
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