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Market watchers from top entities like Changelly project timelines for Dogecoin’s (DOGE) potential surge to $3.03, $9.35, and $18.03.
Dogecoin (DOGE) remains one of the top-performing coins in the ongoing bull run. Recall that the price of DOGE soared to $0.4359 on November 12 before falling below $0.35 a few days later. This shocking move sparked a major debate over whether DOGE’s bull run has come to an end.
However, the token showcased that its bull run is far from over, as its price rallied to $0.4775 over the weekend. The spectacular surge reignited investors’ confidence in Dogecoin, with top analysts setting different targets for the asset.
Changelly Predicts Timeline for DOGE Surge to $3.03, $9.35, and $18.03
Specifically, analysts from Changelly set three targets for Dogecoin, such as $3.03, $9.35, and $18.03, along with projected timelines for when DOGE might attain these milestones.
Dogecoin to $3.03
The $3.03 prediction is the smallest target out of the set. Despite this, hitting this target would mark Dogecoin’s new all-time high (ATH). For context, Dogecoin set its previous ATH of $0.73 on May 8, 2021.
With DOGE currently trading at $0.4710, reaching the $3.03 target would require a substantial increase of 543.3%. At a price of $3.03, Dogecoin’s market cap would stand at $445.13 billion.
According to Changelly analysts, Dogecoin would trade at $3.03 by January 2033, nearly nine years from now. Notably, this target would mark Dogecoin’s maximum price for January 2023.
Earlier this year, famous chartist Ali Martinez forecasted that Dogecoin would trade around the $3 territory this year. He projected that DOGE would trade at $3.5 in April if history repeats itself. However, this prediction did not materialize as DOGE continues to trade below the $1 territory.
Nonetheless, pseudonymous market observer Crypto Yapper predicted that Dogecoin would rise to $3 by May 2025, six months from now.
Dogecoin to $9.35
Hitting the $9.35 target requires a more substantial rally compared to the $3.03 forecast. Specifically, Dogecoin must witness an increase of 1,885% from the current price to reach the $9.35 target. At this price, Dogecoin’s market cap will soar to $1.37 trillion, surpassing Ethereum’s current valuation of $414.73 billion.
Analysts from Changelly project a timeline of January 2040 for Dogecoin to reach $9.35, indicating that it would represent DOGE’s minimum price by then.
Unlike the $3.03 prediction, the $9.35 target has not gained momentum within the Dogecoin community. Consequently, few market observers have projected timelines for when DOGE might clinch the target.
However, data from top prediction platform Telegaon show that Dogecoin would trade at a maximum price of $9.34 by 2035, less than five years from Changelly’s estimated timeline.
Dogecoin to $18.03
The $18.03 forecast is an ambitious target that requires Dogecoin to rally by 3,728% from the current price of $0.47. At $18.03, Dogecoin’s valuation would stand at $2.64 trillion, surpassing Bitcoin’s market cap of $1.96 trillion.
According to Changelly analysts, the $18.03 prediction would become a reality for Dogecoin by February 2040, one month after the meme-based token hits a target of $9.35.
Can DOGE Soar to $3.03, $9.35, or $18.03?
Given Dogecoin’s hefty supply of 146.91 billion tokens, there is no guarantee that DOGE will attain any of the targets.
However, Dogecoin has experienced a substantial rise in the past, soaring 18,340% within the first five months of 2021. Moreover, factors such as the ongoing bull market, the Elon Musk effect, massive retail interest, and payment utility can pave the way for DOGE’s substantial price surge in the future.
It is worth noting that this article is for informational purposes and should not be taken as financial advice.