Dogecoin Set for Big Gains, Says Ex-Goldman Sachs Exec

Bitget App

Trade smarter

Cryptodnes2024/12/04 21:11

By:Cryptodnes

Raoul Pal, a former Goldman Sachs executive, is growing optimistic about Dogecoin (DOGE) following the impressive performance of XRP, which has surged more than 5x in the past month.

Pal stated that Dogecoin is currently forming a wedge pattern on its monthly chart, suggesting it could see similar growth to XRP.

The wedge pattern, marked by two converging trendlines, typically signals a bullish breakout if the price rises above the upper trendline. Pal described the chart as “insane banana,” a term he uses to describe a phase where prices skyrocket in a parabolic, banana-shaped curve.

At the time of writing, Dogecoin is priced at $0.404, reflecting a 172% increase over the past 30 days. Pal also highlighted XRP’s recent performance, noting that it has broken out from its own wedge pattern, which historically led to massive gains.

Tron Hits New All-Time High, Doubling Price Within Hours

He pointed out that the last time XRP experienced such a breakout, it soared by 5,600%, hinting at the potential for significant upward movement, though it may not reach that extreme again.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

OracleX is a decentralized prediction platform based on the POC protocol. It addresses pain points in the prediction market through a dual-token model and a contribution reward mechanism, aiming to build a collective intelligence decision-making ecosystem. Summary generated by Mars AI The content of this summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.

MarsBit•2025/11/30 17:21

OracleX Global Public Beta: Restructuring Prediction Market Incentive Mechanisms with "Proof of Behavior Contribution"

Bitcoin is not "digital gold"—it is the global base currency of the AI era

The article refutes the argument that bitcoin will be replaced, highlighting bitcoin's unique value as a protocol layer, including its network effects, immutability, and potential as a global settlement layer. It also explores new opportunities for bitcoin in the AI era. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.

MarsBit•2025/11/30 17:20