“Buying Dogecoin with the expectation of a 150% increase to $0.40 is one of the safest trades investors can make right now,” said Altcoin Sherpa, a well-known crypto analyst with nearly 217,000 followers on X. Today, Dogecoin is priced around $0.16, but the analyst is confident in its future growth.

Altcoin Sherpa believes that retail investors will start buying Dogecoin again due to its excellent liquidity and relative stability compared to other meme coins. Additionally, he is convinced that a single tweet from Elon Musk can boost Dogecoin’s price.

Instead of following pseudonymous crypto analysts, investors should conduct their own research and understand that Dogecoin can easily lose 50% of its value before it doubles or triples in the current market conditions.