Dogecoin surged 10% to become one of the top gainers today. Bulls regained momentum after a brief market drop. The price broke through the $0.36 resistance level, fueling investor optimism.
Analysts are currently keeping a close eye on DOGE, stating that it has the potential to grow further.
Like BTC and ETH, Dogecoin has also seen renewed attention, with speculation growing on whether it can reach $3 this month.
Will Dogecoin Price Reach $3 in January?
One cryptocurrency analyst has predicted that Dogecoin price could reach $3.00 based on Fibonacci retracement patterns and historical trends.
Currently, Dogecoin is hovering above $0.35, with predictions suggesting a massive 8x surge. While optimism is growing, skeptics warn of market dependency. Investors await signs of a breakout as Dogecoin’s popularity continues to fuel speculation. Source: X As market momentum builds for Bitcoin, Ethereum, Solana, and Dogecoin, Dogecoin prices could be poised for a massive surge.
With Bitcoin currently surging towards $9,000, the increased activity in meme coins such as SHIB, PINGU, WIF, and BONK could have a positive impact on Dogecoin’s trend.
Analysts noted that during the 2021 bull cycle, Dogecoin surged more than 1,100% in the week following the U.S. presidential inauguration.
As Donald Trump’s inauguration approaches on January 20, speculation is growing about its potential impact on Dogecoin’s price. Market observers recall the impact of political events and wider cryptocurrency adoption during previous rallies.
Notably, rumors about Elon Musk leading the Ministry of Government Efficiency have added to the excitement. Experts say Dogecoin could surge with just one tweet, cementing its reputation as a market-moving asset during key events.
Tweet Analyst Predicts Possible Breakout for Dogecoin in the Short Term Analysts have identified a bullish flag pattern for Dogecoin on the 8-hour timeframe, suggesting a possible breakout.
High-yield dividend stocks FAQ
Which stock has the highest dividend yield?
Walgreens Boots Alliance (NASDAQ: WBA) had the highest dividend yield among stocks in the S&P 500 in late 2024 at more than 10%. What's notable is that Walgreens had already cut its dividend by almost 50% earlier in the year, ending almost five decades of annual increases. With its yield still in the double digits, investors believe that another deep cut could be forthcoming as the pharmacy giant works to turn its struggling operations around.
Are high-yield dividend stocks worth it?
High-yield dividend stocks can be worth the risks for many investors. The best ones generate an attractive income stream that steadily rises as the company increases its dividend. That can make high-yield dividend stocks ideal for retirees or those seeking supplemental investment income.
However, a high dividend yield can also signify a higher risk profile. Investors must ensure the company can maintain and grow its dividend over the long term.
What is a good dividend yield for a stock?
A good dividend yield for a stock can depend on many factors, including its cash flow stability, capital needs, and balance sheet. In late 2024, the average dividend yield of stocks in the S&P 500 was less than 1.5%. A stock would need a yield of at least that level to be considered good compared to other options.
What are the 10 best stocks that pay dividends?
The 10 best dividend stocks in late 2024 were:
- AbbVie
- Brookfield Infrastructure
- Brookfield Renewable
- Duke Energy
- Chevron
- Enbridge
- Enterprise Products Partners
- Regions Financial
- Realty Income
- Verizon Communications
These well-known companies paid higher-yielding dividends that they have steadily increased.
