Founder Predicts: "King of Meme Coins" Performing Well, Up 5% Since "Doge Day," "Big Things" Imminent

Prominent cryptocurrency founder MaxBecauseBTC predicts a bullish future for Dogecoin, which could potentially drive up other altcoins, despite the meme coin currently facing difficulties in maintaining its upward trend.

In a recent tweet, MaxBecauseBTC shared his observations on the relationship between the Others/BTC pair and Dogecoin, explaining that altcoins perform better than Bitcoin when the top charts are rising, and vice versa.

He noted that in the previous cycle, just before Dogecoin surged, the Others/BTC pair had experienced a decline after a steady upward trend, and he believes the current situation is similar.

"I think there is no difference this time. I have high expectations for this meme coin, and I look forward to it translating into greater profits, driving significant gains for most other altcoins," said MaxBecauseBTC.

Cryptocurrency analyst Ali Martinez pointed out that the Dogecoin chart "is consolidating after breaking out of a descending triangle," and he predicts that this meme coin "will soar to $1 in the coming weeks."

After the much-anticipated April 20 Doge Day event, the price of Dogecoin once soared to $0.16. However, it has only increased by 5% over the past two days, below expectations.

Dogecoin was created as a parody coin, a rival to Bitcoin, with the goal of pushing the value of this skyrocketing cryptocurrency to $1 on April 20, known as "Doge Day."

Data from IntoTheBlock shows that the volume of large Dogecoin transactions increased by 6.3%, reaching $1.19 billion, while the balance of holders slightly increased by 0.05%, reaching $11.46 billion.

MaxBecauseBTC's prediction may suggest, given Dogecoin's historical performance, that altcoins could see a spike in value. His analysis indicates that if Dogecoin, dubbed the "King of Meme Coins," performs well, altcoins could see significant gains.