Is The Dogecoin Price To $10 Still Possible? 4-Year Cycle Theory Reveals The Answer

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According to recent analysis, it’s possible that Dogecoin, the popular meme coin, could reach a new all-time high (ATH) of $10. This optimistic forecast is based on the 4-year cycle theory, put forth by crypto market analyst Dima James Potts, which indicates that significant growth occurs during each major cycle, following a parabolic pattern.

Dogecoin Price Set Sights On $10 Target

On January 11th, I shared a chart detailing three distinct patterns in Dogecoin’s price movement. Based on historical bullish trends and the 4-year cycle theory, which is associated with Bitcoin‘s scheduled halving events that lower miner block rewards by half, I foresee Dogecoin potentially reaching $10 if it follows this pattern.

According to Potts, it’s been observed that Dogecoin tends to show bullish behavior during each cycle, and this surge usually happens after the ‘green and red trendlines’ intersect. In the first cycle, which spanned from December 15, 2015, to December 26, 2016, when the Dogecoin market was active, an analyst reported a staggering increase of approximately 9,404% that reached $0.01 after the green and red trendlines crossed paths.

During Cycle 2, which took place much later, from December 2019 to December 7, 2020, an analyst revealed that Dogecoin saw another significant increase of approximately 29,626%. This rise occurred when the trend lines intersected and peaked at $0.5. Compared to the initial cycle, this price spike indicates extraordinary exponential growth.

In the fourth year of its third cycle, the cryptocurrency market is expected to see significant increases in 2025, according to Potts. His prediction suggests that Dogecoin could witness an impressive growth spurt of over 11,000%, potentially reaching a record high of $10 per coin from its current value of $0.32.

The analyst has elevated his predicted price for Dogecoin this year in the graph, suggesting it might surge towards $10 first. After that potential rise, there’s speculation of another significant growth of approximately 40,037%, potentially taking the price between $30.5 and $38.5.

As a researcher delving into the world of digital currencies, I’ve come across Potts’ assertion that the ongoing cycle for Dogecoin could witness a significant bullish price surge. This surge, according to him, will be fueled by technological advancements and the expanding global acceptance of the leading meme coin.

Interestingly, Potts pointed out that in previous cycles, Dogecoin’s performance peaked during its fourth year. Given this historical trend, he is optimistic that this current cycle will also experience comparable substantial growth.

Update On DOGE Price Action

Presently, Dogecoin is being exchanged at approximately $0.32 following a substantial 20.25% drop in price over the last four weeks. Previously in January, this cryptocurrency seemed to be surging noticeably, fueled by large-scale purchases by whales and growing enthusiasm among investors for the humorous digital coin.

After its recent rise, Dogecoin has seen a decline, falling by around 15% over the last week and an additional 3.89% in just the past day. However, despite this downturn, analysts continue to be bullish on the coin’s potential future price trends.

Significantly, a crypto analyst at X named Mister Crypto predicts that Dogecoin is nearing the end of its consolidation period and will soon undergo an extraordinary rise, or “parabolic blast off.” According to his analysis, the price of Dogecoin may skyrocket to approximately $1.5 once this consolidation phase ends.

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2025-01-13 20:41