Crypto Rand Predicts DOGE Will Hit $2 if SOL Reaches $1134, Unveils Targets for TAO, RENDER, SUI

Crypto Rand, a prominent market analyst, presents his Dogecoin price prediction in a market scenario where Solana could rise to $1,134.

Crypto Rand, a prominent market analyst, has presented his price predictions for five altcoins, including Dogecoin (DOGE), in a scenario where Solana (SOL) could rise to $1,134.

Despite the recent market pullback, Bitcoin (BTC) has remained above the $90,000 level, leading the second phase of the ongoing bull run. However, even Solana and Dogecoin have posted impressive gains, despite the anticipated altcoin season yet to begin.

For example, Solana is up 29% in November, trading at $217, just 19% away from its 2021 all-time high. Meanwhile, Dogecoin has rallied 140% this month, making it one of the biggest gainers in the ongoing market rally. With its price sitting at $0.3880, DOGE is about 90% away from reclaiming the 2021 peak.

However, most market analysts believe these gains from altcoins like SOL and DOGE are only a fraction of the growth they would witness in this bull run. Notably, Ali Martinez confirmed that Dogecoin’s MVRV ratio suggests it still has more room for growth.

Dogecoin Price if Solana Hits $1,134

According to Crypto Rand, Solana has the potential to reach a price of $1,134 for this market cycle. Such a price level would translate to a massive 422% increase from Solana’s current price. Further, the altcoin would have to rise 337% from its 2021 ATH to claim the $1,134 target.

Such a rally would not be unfeasible for Solana, considering the asset spiked 963% from September 2023 to March 2024 during the first phase of the ongoing bull run. However, despite the feasibility, climbing the projected 422% could pose more troubles due to the extra capital necessary.

Meanwhile, in a scenario where Solana reaches the $1,134 price, Crypto Rand expects Dogecoin price to not only claim the $1 level, but to double this value. The market analyst believes DOGE has the potential to reach $2.14, marking a 449% increase from its current price.

Interestingly, Ali Martinez also predicted a possible rise in Dogecoin price to the $2 level if it can breach the middle level of an ascending channel structure on the weekly chart. The alignment of the $2.14 and $2.40 price levels confirm the conviction among market watchers.

Besides Dogecoin and Solana, Crypto Rand also presented predictions for other altcoins. The market commentator expects Bittensor (TAO) to reach $5,398, a 910% increase. He sees Render (RENDER) rising 675% to $53, and Sui (SUI) surging to $18.7, a 454% rally.