Dogecoin Follows Bitcoin's $100K Flourish With 9% Rally As Bullish Predictions Rise, But Here's What You Should Know

Dogecoin (CRYPTO: DOGE) rallied sharply Wednesday night following cryptocurrency market bellwether Bitcoin's (CRYPTO: BTC) climb to $100,000.

What happened: The multi-billion dollar-valued meme coin spiked over 9% in the last 24 hours to hit 45 cents, accompanied by an 18% uptick in its trading volume. 

The dog-themed coin reacted to Bitcoin, the world's largest cryptocurrency by market capitalization, breaching the $100,000 level for the first time. 

Widely-followed cryptocurrency analyst Captain Faibik foresaw more upsides for the coin, setting $0.60 as the next target.

SlumDOGE Millionaire, a renowned early adopter of the cryptocurrency, reminded his followers that DOGE has traditionally followed in the footsteps of Bitcoin, implying a bullish outlook.

Full story available on Benzinga.com