- Dogecoin (DOGE) surged 14% last week, with analysts predicting a potential rise to $20.
- The analyst points to historical price cycles around US presidential inaugurations as a key factor in DOGE’s potential.
- Growing adoption and network upgrades, as well as Bitcoin’s halving in 2024, could fuel DOGE’s next rally.
Dogecoin (DOGE), the beloved meme cryptocurrency, shows signs of potential parabolic thrustwith market indicators emitting bullish signals. Over the past week, DOGE has almost surged 14%reflecting the strong momentum of the broader crypto market. Now, an analyst’s bold prediction is fueling investor enthusiasm, suggesting Dogecoin could soar. $20 per piece in the coming months.
Dogecoin Historical Price Cycles
Crypto analyst Ðima James Potts has attracted attention to an intriguing historical pattern related to Dogecoin price action around US presidential inaugurations. According to Potts, DOGE has experienced massive price increases in the months since past inaugurations, suggesting that history may be about to repeat itself.
- 2017 cycle – After the presidential inauguration, Dogecoin surged 30x in price.
- 2021 cycle – Following the following inauguration, DOGE skyrocketed 80xreaching a historic high of $0.73 in May 2021.
- Cycle 2025 (current) – With the next presidential inauguration just days awayPotts predicts that if DOGE repeats the average gains of the last two cycles (55x), its price could explode by $0.38 to $20.
“I believe Dogecoin will outperform its previous cycles due to technological advancements, growing adoption, and growing institutional interest,” Potts said in his analysis.
DOGE is gaining momentum: will history repeat itself with another rally?
Potts believes this cycle could be even bigger due to growing adoption, technological advancements, and a growing institutional presence in the crypto space. More companies are accepting Dogecoin for payments, including Tesla and AMC, adding real-world utility to the popular coin. Meanwhile, upgrades to the Dogecoin network, such as reduced transaction fees and potential Layer 2 scaling solutions, make the blockchain more efficient and scalable.
Another key factor that could fuel Dogecoin’s next rally is the broader crypto market cycle. Historically, altcoins like DOGE have risen in the months following the Bitcoin halving. With Bitcoin expected to experience another supply shock in 2024, liquidity could flow into altcoins, propelling DOGE to new highs.
Although the $20 price target is ambitious, the crypto market has already defied expectations. If social media hype, strong community support, and favorable market conditions align, Dogecoin could be on track for another historic run. However, analysts caution that past performance is no guarantee of future results and investors should review these forecasts carefully.
As Dogecoin continues to gain momentum, the coming months could be crucial for its price trajectory. With history suggesting the potential for a massive breakout, all eyes are on DOGE to see if it can once again capture the market’s attention and fight its way to the moon.
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