Lark Davis assures that it’s not too late to invest in Dogecoin, which has recently surged but may still have room to grow.
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Dogecoin’s history shows high volatility, with significant peaks and corrections, so caution is advised. Currently priced around $0.45, it faces major resistance, with targets at $0.72 and up to $3 if the rally continues.
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However, Lark cautions that Dogecoin’s large market cap may prevent the explosive returns of previous cycles.
He suggests considering smaller meme coins with better risk-reward potential, such as Solana’s popular WIF token, which could yield higher returns. Although Dogecoin’s upside may be limited, it still holds potential, especially with mainstream listings on platforms like Coinbase and Robinhood.
Lark concludes that while Dogecoin offers decent gains, smaller meme coins might be a more strategic play in the current market cycle.
