thecryptobasic.com
In a bold prediction, crypto analyst Ðima James Potts suggests that Dogecoin (DOGE) could experience at least a 37-fold price increase by 2025.
Potts arrived at this conclusion after analyzing Dogecoin’s historical growth patterns during the fourth year of its four-year market cycles.
Sharing his analysis on social media platform X, Potts highlighted how Dogecoin’s performance in previous cycles indicates a potential 37x increase during the next major growth phase.
Historical Data Suggests Consistency for Dogecoin
Potts’ analysis centers around DOGE’s price action during the fourth year of each market cycle. In the first cycle, Year 4, being 2017, saw DOGE rise from $0.00023 to $0.00851, marking a 37x increase.
In the second cycle, Year 4, which was 2021, saw DOGE grow from $0.00460 to $0.17064, again achieving a 37x increase. With the fourth year of the ongoing cycle approaching in 2025, Potts predicts a similar outcome.
According to his projection, if 2024 ends with a Dogecoin price of around $0.315, it could reach $11.65 by the end of 2025. As of now, Dogecoin is trading at $0.3201, reflecting a 1.1% increase over the past 24 hours.
Potts’ analysis assumes that historical trends will continue, with Dogecoin’s price multiplying by 37x from its starting point for the year. Meanwhile, he emphasized that the $11.65 target is not a peak price. Instead, he sees it as a projected year-end price, leaving room for potentially higher values throughout 2025.
Indeed, other market analysts have set even more ambitious price targets for Dogecoin’s peak during this cycle.
Dogecoin Could Reach $30 by 2025?
In a separate analysis, market watcher Tardigrade highlighted how Dogecoin could rally to $30 by next year. He pointed to Dogecoin’s double-bottom formations during bear markets and subsequent breakouts.
For instance, after a 3,366% rise in early 2021, Dogecoin consolidated before surging another 677%. Tardigrade expects a similar pattern to unfold, with Dogecoin potentially reaching $30.
In an updated analysis, Tardigrade noted that Dogecoin follows the “Power of Three (PO3)” pattern, consisting of accumulation, manipulation, and distribution phases. After consolidating from mid-November to December, Dogecoin entered a manipulation phase with a crash on December 20, followed by a rebound.
Tardigrade suggests Dogecoin is now in the distribution phase, with the potential for a dramatic price rise to break $1 in the short term and reach $30 in the long term.
Other analysts who agree with the $30 price target, based on historical patterns, have suggested this milestone could be reached by May 2025.