Popular crypto analyst DonAlt made a bold prediction: Dogecoin could rise by 614% and reach $1 soon. However, he also warns that while a short-term rally may occur, Dogecoin could become worthless in the long run.

A Critical Time for Dogecoin

DonAlt emphasizes that Dogecoin has only a few weeks to make the expected move. If significant growth doesn't occur, the analyst intends to exit the position. DonAlt clearly states his view: “I give it two weeks, take it or leave it.” This prediction could become a turning point for DOGE investors, especially those focused on short-term gains. While the forecast suggests short-term opportunities, DonAlt also warns investors not to rush their decisions and closely monitor market conditions.

Can Dogecoin Shake Up the Crypto Market?

One of DonAlt's key observations is that Dogecoin's potential rise could impact not just DOGE holders but the broader cryptocurrency market. He suggests that the meme coin's surge could positively influence overall market sentiment, stating, “If you want to truly accelerate this cycle into high gear, you need to pump something that people recognize. Memes are commodities, and DOGE is the crypto meme people know.”

Long-Term Outlook: Dogecoin’s Fate

Despite his belief in Dogecoin's short-term potential, DonAlt remains skeptical about its long-term future. He states that while meme coins like DOGE may see short-term gains, he firmly believes they will eventually depreciate. “Honestly, I’d rather see people come for the technology instead of buying something that will inevitably go to zero,” DonAlt explains. In his view, Dogecoin lacks the long-term value needed to sustain its current hype.

While Dogecoin offers a potential short-term opportunity, its long-term outlook remains uncertain. DonAlt's analysis highlights the importance of caution, urging investors to monitor market trends closely and make decisions based on their own risk tolerance.