Crypto pundit WIZZ predicts Dogecoin will soon outperform major assets like Bitcoin and XRP, fueled by Elon Musk’s upcoming marketing efforts.
Dogecoin has been one of the major victims in the latest bearish storm that has overtaken the crypto market. On Tuesday, the meme coin traded at $0.3978, coming close to recapturing the $0.400 price level last seen in December 2024.
However, the bears quickly overtook market sentiment, and Dogecoin revisited lows at $0.34. This marked a significant 15% dip from its January high.
Nonetheless, this performance has not deterred the optimism of some Dogecoin bulls. In a recent tweet, “WIZZ,” a crypto commentator with over 768K followers on X, argued that Dogecoin will stage a comeback and outperform the leading crypto assets.
“Dogecoin will outperform most majors,” he said.
This sentiment expects Dogecoin to surpass its top rivals, such as Bitcoin, Ethereum, Solana, XRP, and BNB.
Dogecoin Outperforming Top Assets
Notably, the 30-day timeframe shows Dogecoin’s performance is the worst compared to these leading tokens. Specifically, Dogecoin is trading with a massive loss of 20%, while Solana and Ethereum are seeing 13% monthly losses. Meanwhile, Bitcoin, XRP, and BNB are seeing just around a 3% loss in the same 30-day period.
However, looking at an extended window like the 90-day timeframe, Dogecoin’s current price boasts a 225% gain. Others are seeing gains below 60%, except XRP, which boasts a more impressive 340% gain.
Yet, WIZZ emphasized that Dogecoin could even far outperform these leading crypto assets soon. He gave a near three-to-six-month timeline for this projection to unfold.
“Elon Musk Dogecoin Marketing Starting Soon”
According to him, the Dogecoin bull run would be led by Elon Musk’s efforts. “Elon Marketing starts soon,” WIZZ wrote.
Notably, Musk is well-known for his open and subtle promotion of Dogecoin, which has often led to dramatic price swings for the meme coin.
Now that Musk is heading the incoming “Department of Government Efficiency,” aka DOGE, under the Trump administration, enthusiasts expect Dogecoin to benefit from the subtle correlation.
Notably, most analysts expect Dogecoin to repeat its performance in the last bull season. A chart shared by analyst Ali Martinez shows that Dogecoin registered a 15,524% growth during the 2020/2021 bull run.
Musk’s promotion of Dogecoin throughout the season contributed significantly to the ascent.
Martinez projected that Dogecoin’s price could reach up to $23 if the trend from the last season unfolds again this time. Some other analysts are even calling for $37 for Dogecoin in this cycle.
Meanwhile, conservative estimates have highlighted between $1 and $3 as realistic projections for Dogecoin.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
