A new crypto bull run is underway, and Ethereum is the first large-cap asset to take off.
While ETH still remains an attractive investment, experts believe that Dogecoin currently offers a significantly better risk-reward ratio and could be the next crypto to explode.
DOGE has already displayed considerable bullish strength, rebounding by nearly 30% from its early August lows to trade as high as $0.246 on Saturday, thanks to strong dip buying from whales.
A weekly close above the $0.24 resistance would confirm the start of a new uptrend, especially as the Dogecoin MACD looks poised for a golden cross in the daily and monthly timeframes.
The bullish sentiment surrounding DOGE has provided the ideal backdrop for low-cap meme coins as well. For instance, Maxi Doge (MAXI) has raised over $600k in its viral ICO, with several prominent analysts calling it the next 100x crypto.
It is about to be DOGE season.
Even during early August’s crypto market crash, Dogecoin saw strong dip buying from whales. On August 6th, whales purchased 1 billion DOGE, worth $200 million, within 24 hours.
Unsurprisingly, the Dogecoin price rebounded by more than 30% from its early August lows.
Now, it is facing a key weekly close. Currently trading at $0.236, the bulls are desperately hoping for a weekly close above the $0.24 resistance, which would confirm the start of a new uptrend.
Notably, the DOGE Moving Average Convergence/Divergence (MACD 12, 26) has formed a golden bull cross in the daily timeframe; the smaller 12-day EMA has crossed above the larger 26-day EMA. This further confirms the ongoing bullish sentiment.
Unsurprisingly, analysts remain highly bullish with their Dogecoin price predictions.
Prominent analyst Crypto Patel has given the price targets of $0.50, $1 and even $2, if DOGE secures a monthly close above the $0.23 mark.
Meanwhile, popular trader Charting Guy is excited about a pending DOGE MACD golden cross in the monthly timeframe. He reveals that the top meme coin surged by more than 430% the last time this happened.
For those who missed out on the early stages of the Ethereum rally, Dogecoin offers an excellent opportunity and is one of the most undervalued large-cap cryptos on the market. It could also be the next crypto to explode.
Dogecoin has a strong correlation with lower-cap DOGE-themed coins.
For instance, Maxi Doge (MAXI) has established itself as one of the hottest new meme coins on the market, having already raised over $600k in its ICO.
The meme coin is designed as the wilder, louder version of the original DOGE, leaning fully into satire of the crypto degen lifestyle.
The shredded mascot, energy drink in hand, and obsession with chasing 1000× opportunities are all part of a persona built to resonate with meme traders. Its biggest strength is relatability. Maxi Doge is built to make traders laugh, and history shows that meme coins which capture that kind of cultural connection often end up being the most successful.
Beyond the humor, Maxi Doge has community-focused tokenomics, lucrative staking with four-digit APYs, and a fully audited smart contract. This mix of entertainment and structure has helped it stand out in a crowded meme coin market.
If post-launch hype matches its presale momentum, MAXI could emerge as the next major DOGE-inspired breakout.
As previously mention experts are already calling Maxi Doge the next 100x crypto.
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