The Dogecoin price is up almost 150% since the start of this month, as the foremost meme coin continues to enjoy a massive bull run. Crypto analyst Alan Santana has provided insights into what is driving this rally and whether it is sustainable. 

What Is Driving The Dogecoin Price Rally

In a TradingView post, Alan Santana alluded to DOGE’s monthly chart to show what is truly driving the Dogecoin price rally. He noted that this month is a bullish breakout month and the first strong green month since the 2021 bull run. The analysts specifically cited January 2021, when a similar action occurred, with a “very strong bullish phase” following. 

In line with this, Santana stated that just because the Dogecoin price is seeing this strong growth doesn’t mean this is the end. Instead, the analyst stated that this very strong growth signals the beginning of the bullish cycle, so investors can expect more parabolic rallies for Dogecoin ahead. 

Santana asked those in doubt to zoom out on the monthly chart. He revealed that this monthly session has the highest volume since 2021. Furthermore, the analyst mentioned that this month broke a long-term resistance and descending trend. Lastly, he said that this month ended a three-year consolidation period for the Dogecoin price. 

The analyst noted that this three-year consolidation can lead to a very strong bull market, which is exactly what is playing out. As such, Santana reaffirmed that no matter how high the Dogecoin price goes this month, it is only the start. In the short term, the analyst warned that there can be swings and shakeouts, and even a strong correction can develop along the way. 

However, Santana claimed that such corrections are good as they will be used as an opportunity to take profits when at resistance and rebuy and reload when at support. He added that the Dogecoin price has much more to give and that there is no limit as to how high prices can go. 

Most Explosive Leg Still Ahead

In an X post, crypto analyst Kevin Capital echoed a sentiment similar to Alan Santana, suggesting that the most explosive leg could still be ahead for the Dogecoin price. This came as he highlighted the stage Dogecon’s price and Relative Strength Index (RSI) currently are on the monthly timeframe in relation to previous bull cycles. 

He claimed that if this Dogecoin price level and RSI hold, there is a long way to go in this DOGE bull run, and the most explosive leg is still ahead. Crypto analyst Trader Tardigrade recently predicted that the Dogecoin price could rally to $8.7 by August 2025 if it mirrors the 2017 bull run or rally to $30 by March 2025 if it follows the 2021 bull run. 

At the time of writing, the Dogecoin price is trading at around $0.40, down over 6% in the last 24 hours, according to data from CoinMarketCap. 

Featured image created with Dall.E, chart from Tradingview.com

The Dogecoin price is outperforming Bitcoin. Surprising right? Dogecoin is renowned for its ability to outperform other cryptos during price swings. This is the case here, as DOGE, backed by a loyal community and strong market sentiment, is experiencing more growth than Bitcoin. DOGE has grown by 196% in the past month compared to BTC’s 41%.

Dogecoin’s momentum is impressive, but a new altcoin, RCO Finance (RCOF), garners attention with its revolutionary features and impressive growth potential. This ingenious altcoin combines AI and DeFi to democratize access to digital and real-world assets. Aiming for a 43,209% rally, RCOF is a rising challenger you can’t ignore. 

Why Analysts Believe The Dogecoin Price Will Keep Beating Bitcoin

DOGE continues to surpass expectations as the Dogecoin price outperforms Bitcoin. These are the factors contributing to this impressive performance.

Dogecoin has a lot of meme appeal. As the original memecoin, Dogecoin began as a joke, evolving into a cultural movement. Its mascot, the Shiba Inu dog and humorous branding helped it resonate with a wider audience. This makes it more appealing and accessible than Bitcoin, considered a serious investment-focused altcoin. 

DOGE has a strong community behind it. The Doge Army is pivotal to ensuring Dogecoin remains relevant and helps drive up the Dogecoin price. This community is known for its enthusiastic support, charitable initiatives and social media engagement. These efforts are all to increase awareness and drive up the price.

Celebrity endorsements and media attention also boost Dogecoin’s performance. Backing from high-profile figures, particularly Elon Musk, has greatly increased DOGE’s visibility and improved market performance. 

Musk’s tweets have directly led to immediate surges in the Dogecoin price. Although Bitcoin gets attention from high-profile figures, it lacks the same meme-driven promotion as DOGE. 

Coupled with viral marketing, DOGE can quickly capture public interest, causing rapid increases in the Dogecoin price and attracting new investors looking for short-term gains.  

RCO Finance (RCOF): The Altcoin Positioned to Outperform DOGE

As the Dogecoin price performance continues to eclipse Bitcoin’s growth, investors are also drawn to RCOF’s ambitious growth potential. This AI altcoin merges crypto and traditional finance, allowing users to buy real-world assets using crypto. Primed for a massive 43,209% rally, RCOF could outperform Dogecoin.

RCOF’s growth is spearheaded by its AI trading tools. These advanced tools give users a competitive edge, allowing them to make smarter choices. 

They offer price predictions, market analysis, customized investment guidance, and automated portfolio management. You can customize these tools to your needs, ensuring their insights align with your goals.  

A prime example is the robo-advisor. This AI tool provides custom investment strategies and advice based on your preferences. 

It factors in your financial goals, risk tolerance and market conditions to present the best course of action that ensures maximum profitability. Its insights eliminate emotional trading, making you less susceptible to fear or greed. By making more sound choices, you avoid unnecessary risks. 

The robo-advisor benefits both newbies and exerts. It has educational materials that help break down complex markets, helping users regain more control over their portfolios. 

With the robo-advisor, even beginners can make smart investment decisions and maximize their returns. For seasoned traders, the tool’s advanced insights help enhance their strategies and boost profitability. This combination ensures that all users, regardless of their experience, can achieve their goals.   

RCOF offers access to more than 120,000 tradable assets, including real-world assets such as ETFs, bonds, etc., which can be bought using cryptocurrency. This variety is rare in the crypto world, and bypassing crypto conversion to fiat currency simplifies the process and saves money. 

Access to digital and real-world assets on one platform enables users to easily invest in high-value assets and diversify their portfolios. This rebalancing improves portfolio value and helps mitigate risk by adding more stable assets. 

RCOF employs blockchain to record all transactions immutably, reducing risks of fraud and errors. RCO Finance has undergone a rigorous audit by SolidProof, ensuring the platform’s smart contracts are secure and transparent.    

Join RCOF’s High-Growth Journey

As the Dogecoin price continues to outperform Bitcoin, it shows the power of meme appeal and strong community support. However, for investors looking for a high-growth altcoin that provides more than speculative hype, RCOF is emerging as a compelling option. 

With its cutting-edge AI-powered platform and diverse investment options, RCOF could yield even higher gains than DOGE. 

The ongoing RCOF presale offers a unique opportunity to claim your spot in this utility-driven altcoin. Tokens are still available at a discounted price of $0.055. If you join now, you also get a bonus and access to the RCOF platform. But you have to act fast. Tokens are selling out quickly, and the price will increase in the next stage. 

Don’t miss the opportunity to capitalize on RCOF’s projected 43,209% rally. Invest in RCOF today. 

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Visit RCO Finance Presale

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