Dogecoin has a history of going on wild rides during bull markets. It’s a favorite among investors, and many believe it’s about to do it again.
A Familiar Pattern
Crypto analyst Dima James Potts has noticed a recurring pattern in Dogecoin’s price chart. He’s looking at how the coin performed in the 2017 and 2021 bull markets.
- 2017: Dogecoin’s price went from almost zero to over $0.01, a whopping 9,000% increase!
- 2021: The coin surged from less than $0.015 to a peak of $0.70, a massive 18,000% gain!
Potts believes this pattern is about to repeat itself. He’s seeing the same kind of price action now that he saw before those previous bull runs.
The Third Time’s The Charm?
Potts also points out that Dogecoin tends to see a price increase in the third year of every cycle. This suggests that the next bull run could start sometime in 2024, with a major surge happening in 2025.
Dogecoin to $10?
Based on the past two bull markets, Potts predicts that Dogecoin could reach a price of $10 in the next cycle. That would be a 10,000% increase from its current price!
“If this trend continues,” Potts says, “we could see an even bigger price jump than before.”
It’s important to remember that this is just one analyst’s prediction. The crypto market is unpredictable, and there’s no guarantee that Dogecoin will follow this pattern. But if history is any guide, it could be a wild ride!
