thecryptobasic.com
With Dogecoin close to its best third-year cyclical performance ever, a notable market expert suggests the meme coin leader will do better next year.
Dogecoin is on the path to its best cyclical third year ever. The largest meme coin by market cap has appreciated a staggering 243% in the past year, with a greater part from its November price explosion.
With the upsurge, the token improved its performance in 2016 and 2020. For context, Dogecoin grew 72.37% and 114.86% in these years, dwarfed by this year’s upsurge by miles.
Notably, the fourth year of each cycle has been the best-performing year for Dogecoin. The asset has trounced its previous cycle’s percentage uptick, and a community enthusiast known as “Investments CEO” expects a similar play next year.
Dogecoin to Better 2021’s 12,000% Uptick: Analyst
In a Christmas Day post, the analyst Investments CEO argued that Dogecoin would repeat its fourth-year cyclical performance. Meanwhile, he suggested that the meme coin would improve on its 2021 rally.
For context, Dogecoin rallied 12,000% in 2021, peaking at its all-time high of $0.73995. Notably, the year’s rally was more than double that seen in 2018, as the leading meme coin surged 5,000% six years ago.
Meanwhile, the notable community figure asserted that the historical trend would persist next year. A surge past 12,000% in 2025 would push Dogecoin to an unprecedented price above $40 per coin.
Market Expert Supports Assertion
Despite the ambitious nature of this projection, the analyst is not alone in this sentiment. In fact, another analysis supports the Dogecoin enthusiast claims of an over 12,000% upswing.
For context, seasoned market analyst Ali Martinez teased the idea. In a recent commentary, he disclosed a similitude in Dogecoin’s last three bull cycles.
According to the commentary, Dogecoin surged 212% from the bear market lows, retraced 40%, and exploded 5,000% in 2017. The token’s price repeated a similar pattern in 2021, growing 476%, correcting 56%, and then appreciating 12,000%.
Martinez pointed out that Dogecoin has grown 440% and is in its correctional phase, retracing over 46%. If a similar pattern fully unravels, the meme coin market leader could see an uptick of over 12,000% in 2025.
In the meantime, DOGE trades at $0.3170, down 4.5% in the past 24 hours.