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Dogecoin: DOGE is destined for another 1,000% bull rally

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  • A Dogecoin millionaire adds 21,000 DOGE to his holdings and predicts big moves for the memecoin.
  • Analysts predict a 500-1000% rise in DOGE price if it trades above $0.24.
  • The upcoming fee reduction and Dogecoin-Ethereum bridge are the two key updates in the DOGE ecosystem.

Dogecoin holders are expecting a significant improvement in memecoin which expectes to generate a reduction in transaction fees. Analysts have predicted that the Dogecoin (DOGE) price is poised to explode with a massive breakout.

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Dogecoin holders target gains of 500-1000% as they await a bullish breakout in DOGE

Glauber Contessoto, popularly known as the DOGE millionaire, announced his recent $5,000 purchase of Dogecoin. DOGE expects to undergo a significant development in the near future, according to Consessoto.

DOGE has outperformed Bitcoin, Ripple, Ethereum and Cardano in terms of year-to-date gains, gaining 4,500% since the beginning of 2021.

Billy Markus said on the DOGE website that there would be a reduction in transaction fees on the DOGE network in an interview. But just once the nodes upgrade to 1.14.4. Proponents hope that the reduction in commissions will increase DOGE’s utility and cause a rebound.

Markus noted that if existing node operators upgrade to 1.14.1, that would be enough for the network to reduce its transaction fees, and new nodes are not necessary to achieve the same result.

The development team behind DOGE is working on the Dogecoin-Ethereum bridge. Development is underway, but there is no definite launch date.

Cryptocurrency analyst Justin Bennet, founder of Crypocademy HQ, shares his bullish outlook on DOGE. Analysts predict a 500-1000% increase in DOGE’s price.

The price of Dogecoin (DOGE) expects to rise 500-1,000% once it crosses $0.24, according to Bennett.

FXStreet analysts have assessed the DOGE price trend and have predicted gains of 70% once the price crosses $0.25.

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Michelle D. Madsen

Michelle D. Madsen graduated from the University of Westminster and has been deeply involved in the world of finance ever since. She has worked as a Broadcast Journalist hosting various news shows and informative webcasts about the financial markets. Since 2004 she has also been writing for Metanews daily, her attention to detail, and her in-depth knowledge of the financial markets have led her to cover Foreign Exchange and commodities. The world of finance has changed in the last few years with the introduction and rising popularity of cryptocurrencies. She has in no means been left behind, adding this to her bank of intellect and is now also an expert in cryptocurrencies. For the last ten years, Ms. Madsen has been engaged in the financial market. She has notedly written a great number of incredibly informative reviews for the crypto exchange and forex brokers. Her wealth of knowledge has enabled her to become a leading expert in the field. She continues to inform the public writing up-to-date, thorough reviews for the readers of Metanews as she has for the last decade.
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