Analysis of Dogecoin by Peter Brandt

Experienced analyst Peter Brandt, who is followed by investors for his insights on Bitcoin (BTC) and the cryptocurrency market, recently shared a new analysis.

Brandt has 50 years of experience in the field and focused his attention on Dogecoin (DOGE), which is backed by Elon Musk. He identified a bullish price trend for Dogecoin, the largest memecoin by market capitalization.

Brandt reacted to Dogecoin surpassing $0.30 over the weekend, calling the recent surge “tremendous.” He highlighted that Dogecoin has been the best-performing altcoin among the top 15 assets by market capitalization over the past week.

DOGE’s over 21% surge outperformed Solana’s 17%, Sui’s 9.63%, and HYPE’s 10% gains, which were the largest increases outside of Dogecoin.

This price increase for Dogecoin occurred despite the postponement of the Rex Osprey Dogecoin ETF launch. Bloomberg ETF analyst Eric Balchunas initially stated that the DOGE ETF would launch last Thursday, but it was delayed. Analyst James Seyffart indicated that the launch is now expected on September 18th.

Disclaimer: This is not investment advice.