Crypto Analyst Projects Dogecoin Price to $5.80 – Could This New Meme Coin Hit 10x in the Short Term?

Despite the high crypto market volatility, Crypto analyst Ali Martinez has forecasted a bullish outlook for Dogecoin, predicting that the meme coin price could hit $5.80 very soon. This prediction comes at a time when whale activity on the DOGE network has decreased significantly in the past weeks.

Meanwhile, the ChowWow presale has continued to make waves across the crypto market, driven by its strong use case. While the Solana network has faced scrutiny in the past week due to issues of rug pool, ChowWow is developing a meme coin that is backed by a play-to-earn model. With that, game lovers will be able to engage in gaming activities and earn rewards. All these have triggered a 10x projection for CHOW tokens in the short term.

Dogecoin Price Prediction — Can DOGE Hit $5.8 in Q1?

In a tweet on X, Ali Martinez projected that the Dogecoin price could reach $5.80 if the meme coin is following a parallel channel in which a breakout above $0.58 could trigger massive rallies. However, in another tweet , Ali maintained that the Dogecoin crypto price needs to break out above the key resistance level to confirm a shift in momentum.

While studying the Dogecoin whale activity, Ali noticed that the network’s whale activity has declined by nearly 88% since mid-November, suggesting low investor confidence in the meme coin. Confirming that, the Dogecoin market cap has dropped from over $68B in early December to less than $50B in the past week. Also, the Dogecoin trading volume has dropped considerably in the past week.

As per CoinMarketCap data, the Dogecoin price has dipped by 34% in the past month as it struggles to maintain a crucial support zone. Although the Dogecoin market sentiment is bearish, the filing for Dogecoin ETF and the possibility of approval makes DOGE one of the meme coins to watch this year. According to popular analyst Cas Abbe , a $1 Dogecoin price target is realistic in this cycle.

Can ChowWow Token Hit 10x in the Short Term?

Although in presale, ChowWow has the capacity to hit 10x in the short term due to its fantastic features, which will drive its adoption. As a project built on Solana, history has proven that Solana-based meme coins have witnessed tremendous growth upon launching. For instance, when Dogwifhat was launched in 2024, it surged by over 12,000% within a few weeks of listing, driven by the popularity of the blockchain.

Even though meme coins like Dogwifhat, Bonk and Popcat have no intrinsic real-world utility, they witnessed massive growth upon launching. For a project like ChowWow, which is backed by features like the play-to-earn and stake-to-earn model, its adoption rate is likely to skyrocket in the coming weeks, driving its price up. With that in mind, the ChowWow token could rise as high as 10x in the short term.

Looking at the features, the P2E allows game lovers to engage in gaming activities and earn rewards, which are converted to real-world assets. Given the rising interest in mobile gaming, ChowWow is giving gamers a platform where they can turn their passion into wealth. Non-gamers can stake their tokens and earn up to 15% in the APY reward, which is paid out monthly.

At the ongoing presale, the $CHOW token is sold for only $0.008 with a strict supply of 888.77M. The token has been designed to decrease in supply over time through mechanisms like token burns and buybacks. As such, CHOW is a deflationary token like Shiba Inu.

Built on Solana, the project will inherit the network throughput, cheap fees, and faster transaction processing, unlike Ethereum-based meme coins. All these will further drive its adoption. Given the rising interest in presale, CHOW’s price might rise to $1 on launch. This makes it one of the best meme coins to accumulate now in its nascent stage.

The Top Meme Coins To Buy, Dogecoin versus ChowWow

Dogecoin whale activity has declined massively in the past weeks, suggesting that the hype on the project is fading, which could see the meme coin stay in the consolidation phase longer than anticipated. However, the ChowWow presale is just kicking off and the price will keep rising as the presale momentum garners more market interest. With the rising momentum, the CHOW price might hit $1 in 2025. For investors searching for hidden gems with 100x ROI potential, CHOW is a project not to play with.

Visit ChowWow Presale