On December 1, 2024, analysts predict that Dogecoin (DOGE) is set to outperform Bitcoin (BTC) by an astonishing 2,400%. This forecast comes after Dogecoin experienced a remarkable 150% price increase over November, although it has recently struggled to break the $0.45 barrier.
Analyst Ali Martinez noted the formation of a bull flag pattern on Dogecoin's monthly price chart, indicating a potential bullish breakout. If DOGE successfully breaks the upper boundary of this pattern, it could signify a strong continuation of the upward trend.
Currently, Dogecoin is priced at $0.4246, reflecting a slight 1.2% increase in the last 24 hours, though it has seen a 1.7% decline over the past week. With a market capitalization of $62 billion, Dogecoin ranks as the seventh-largest cryptocurrency.