That's why Dogecoin quickly surges by 10,000%
2025-02-06 16:24
As bearish sentiment worsens in the market, analysts have highlighted the reasons why Dogecoin could increase its value by up to 10,000%.
Today, the price of Dogecoin has dropped by 11% and fallen below the $0.30 support level, deteriorating its performance so far this year. With this recent decline, the meme coin has lost all its gains in 2025 and is revisiting the lows since 2024.
Nevertheless, market commentators believe that Dogecoin still has ample room to reverse the situation for its holders in the coming weeks.
Dogecoin could surge by 8,076%
In a post on X, market analyst "Dogecoin Rise" with 432,000 followers suggested that Dogecoin could initiate an 8,076% rally, citing a key historical pattern. This projection is based on Dogecoin's six - month chart, which highlights the consolidation and breakout phases observed in previous market cycles.
In context, during the 2015 - 2018 cycle, Doge rose by 3,284.93% and climbed to $0.01838. Similarly, during the 2018 - 2021 cycle, the price soared by 8,025.24% and reached its all - time high of $0.72995.
Now, in the 2024 - 2025 bull phase, the analyst predicts that if the historical pattern holds. Specifically, the chart indicates the sustenance of the bull run, and Dogecoin's target price is between $8.32 and $20.67, with an estimated increase of 3,223% to 8,076%. The analyst also pointed out that in the worst - case scenario, Dogecoin could still reach a minimum target of $8.
History shows Doge could rally 10,000% in 90 days
Meanwhile, blockchain analyst Ali Martinez has a more promising view on Dogecoin. In a separate post, Martinez pointed out that during the 2021 bull cycle, Dogecoin soared by 10,000% in just 98 days to reach its all - time high.
These explosive rallies demonstrate Doge's potential for rapid growth under bullish market conditions. At the same time, a key point in Martinez's analysis is that the current bullish market could end within 90 days.
A bear market is looming, but Dogecoin can still pump strongly
Martinez pointed out in an earlier post that Bitcoin's ultimate market top could occur within 90 to 250 days, aligning with past cycles. Historically, Bitcoin peaked after halving, and previous cycles saw their peaks 367 days and 527 days after halving.
The 2024 halving was 276 days ago, and Bitcoin recently peaked at $109,114. If history repeats, the final peak could come in the middle to late 2025. Specifically, this indicates the potential end of the current bull cycle that started at the end of 2023.
Essentially, with the latest 10,000% Dogecoin prediction, Martinez suggests that although the end of the bull phase is approaching, the meme coin still has promising potential, consistent with historical trends. His projection is in line with the consolidation and breakout phases previously observed on the six - month chart, emphasizing Dogecoin's ability to achieve exponential growth in a short period.
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