Dogecoin (DOGE) could be poised for a significant price rally, according to crypto analyst Dima James Potts, who cites historical post-presidential inauguration patterns.
Dogecoin and the broader crypto market have faced significant bearish pressure as Donald Trump officially begins his second term. Contrary to general expectations, the crypto market was hit hard and Dogecoin did not escape the bearish onslaught.
Today, Dogecoin has lost more than 10% of its value, trading at $0.3400 at the time of writing. The official Trump meme piece was even worse, down over 30% today alone.
Meanwhile, market commentators like Ðima James Potts believe the bearish sentiment is only temporary.
Using historical models, Potts related The extraordinary price of Dogecoin climbs during the American presidential inaugurations. In particular, he points to previous trends as a potential indicator that DOGE could surpass $20 during this cycle.
Historical Dogecoin Trends Pointing Towards Explosive Growth
Analyzing Dogecoin’s weekly chart, Potts highlighted its price performance after the last two inaugurations.
He noted that during the 2017 cycle, DOGE saw an impressive 30x price increase after the inauguration. Likewise, in 2021, the meme coin outdid itself with an 80x rally after the event.
These trends raise high expectations for the current 2025 cycle. While DOGE was trading at $0.38 on the eve of the inauguration, Potts predicts that 55x growth, calculated as the average of previous cycles, would bring its price to an incredible $20.
Factors supporting optimism
Potts is confident that Dogecoin could outperform its historical trends this season. He highlighted technological advancements and the growing global institutional adoption of cryptocurrencies.
Remember that the institutional market maker Recently Screened Wintermute that Dogecoin could get an ETF this year. Potts believes this institutional interest in Dogecoin could create the perfect conditions for another historic rally.
The Path to $10 and Beyond
With Trading Dogecoins at $0.3400, a rally to $10 would represent a 3,116% upside for current holders. A run to $20 would result in a 5,778% surge. Interestingly, some analysts are even calling for more explosive price increases for Dogecoin during this cycle, with targets of $30 and $40.
These analysts are widely hoping that the meme coin will repeat its price performance from 2017 and 2021. However, these lofty price aspirations would mean several billion dollars in market capitalization for Dogecoin – a point that critics often use to dismiss optimism .
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