Doge and Kekius Investors Are In This New Altcoin, Analyst Calls It ‘Easy 10x’

January 6, 2025

Yesterday, news broke out that there will be weekly livestreams featuring Elon Musk and Vivek Ramaswamy, where they discuss recent developments in the Department of Energy (D.O.G.E.). Of course, almost immediately, tokens on both Ethereum and Solana's ecosystem were created with the same name. We will be focusing mostly on the one on Ethereum since in this ecosystem there are more PolitFi traders who can drive the price up. Is Dogecast the Next Big Meme Coin? Current market cap of Dogecast on this network is around $7 million and this could potentially go much higher, especially when Elon starts tweeting about it. He actually already confirmed 2 days ago that there will be weekly updates about DOGE. However, he still needs to use the actual word "Dogecast" and this could go bananas. https://twitter.com/DogecastETH/status/1857685094166667413 A lot will also depend on how frequently Elon discusses this topic and when the podcast actually launches. According to reports, it's starting "soon," and once the official date is announced, it could potentially benefit the price as traders will have a specific date to focus on. This kind of concrete timeline often creates anticipation in the market. Of course, note that this is a new meme coin that relies mostly only on a narrative that could be hot in the upcoming days but it also depends on their CTO and team. If they decide to rug pull, it can easily go to 0. However, if they don't do that and narrative stays hot, we are potentially looking at $50 million market cap or even $100+. Remains to be seen in any case.

Crypto analyst Trolls Royce has identified an opportunity in Dogecast (DOGECAST), a new Ethereum-based token currently consolidating above a $30 million market cap. The analyst sees significant upside potential, pointing to strong fundamentals and notable whale activity.

Dogecast represents a unique convergence of meme culture and real-world utility. Built on the Ethereum blockchain, the project draws inspiration from Dogecoin’s community-driven success while adding a novel twist—a connection to a podcast featuring tech entrepreneur Elon Musk and political figure Vivek Ramaswamy, focusing on government transparency and innovation.

What you'll learn 👉

Technical Analysis Shows Strong Accumulation

According to Trolls Royce’s analysis, Dogecast’s price action displays a compelling technical setup. The token has established a solid support zone, experiencing what he describes as “beautiful consolidation” above the $30 million market cap level.

Recent price movements show a decisive breakout from this consolidation phase, with increased trading volume supporting the upward momentum.

Whales Activities and the Golden Narrative

“Whales from $SBR, $DOGE, and $KEKIUS are in and bidding,” notes Trolls Royce, highlighting significant investor interest from successful crypto projects. This whale activity, combined with relatively low liquidity of around $989,000, suggests potential for explosive price movement.

Trolls Royce emphasizes what he calls a “golden narrative” surrounding Dogecast. The project’s association with high-profile figures like Elon Musk, Vivek Ramaswamy, and potential connections to broader political discussions creates a unique value proposition.

With the cryptocurrency market showing signs of entering an “alt season,” where alternative cryptocurrencies typically experience substantial growth, Trolls Royce sees this narrative as particularly timely.

Price Targets and Potential

The analyst’s bullish stance is clear: “Easy 10x minimum from here,” states Trolls Royce. Technical indicators support this optimism, with the token testing key Fibonacci resistance levels around 0.0387 WETH. The next significant target sits at the 2.618 Fibonacci extension, approximately 0.0566 WETH.

However, investors should note that while the project shows promise, the relatively low liquidity could lead to significant price volatility.

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