A pseudonymous cryptocurrency analyst on Monday said the meme cryptocurrency ‘Dogecoin (CRYPTO: DOGE) is rallying and is ready to pump by 700% massively.

What Happened: Captain Faibik said on X, “DOGE train has already left the Station.. An epic pump Incoming..”

The analyst shared a  chart depicting a potential climb for Dogecoin from its current price of $0.088 to a target of $0.70. Should Faibik’s predictions come to pass, this would result in an increase of over 700% by July 2024.

Another pseudonymous crypto analyst who goes by the name Crypto Tony voiced their optimism for DOGE’s future.  “Lovely pumps on DOGE, only just beginning. Congratulations if you have been in with me since the lows.”

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

Why It Matters: The rise in Dogecoin comes as the meme cryptocurrency climbed by 16.3% over the last week.

This surge is part of a broader upward trajectory observed in many altcoins and meme coins, as Bitcoin (CRYPTO: BTC) surged past $42,000 for the first time in 2023.

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