Expert Says The Best Is Yet To Come For Dogecoin, Predicting A Massive 5,202% Rally

One market expert estimates that Dogecoin’s ongoing bull run will eventually generate a 5,202% price gain, insisting that the best is yet to come.

Notably, Dogecoin (DOGE) was one of the strongest performers early in the current bull market in Q4 2023, climbing 285% to $0.2288 in March 2024 and then a more substantial 340% to peak local $0.4843 in early December 2024.

However, it appears this momentum has cooled, while Bitcoin (BTC) hits new all-time highsthe last being $109,300. This week, Dogecoin fell 0.82% despite the launch of Elon Musk’s Department of Government Effectiveness (DOGE) amid President Donald Trump’s inauguration.

However, this bearish performance did not affect the confidence of certain analysts, including Zer0. In a recent disclosureThe market watcher argued that Dogecoin is not finished yet, saying the best is yet to come for the meme coin.

Historical performance of Dogecoin’s Bull Run

His optimism comes from an observation of Historical bull market performance of Dogecoin since 2016. For context, over the years the meme coin has observed a trend in which it experiences an initial resurgence, records a subsequent pullback, and then generates a second, more substantial rally.

This pattern first manifested itself in early 2017, when Dogecoin reached a high of $0.00054 in April 2017, then crashed 25% in the same month. Following this pullback, DOGE saw a second, more substantial surge to a high of $0.0187, representing a 9.226% increase from its lows.

Zer0’s chart data confirms that Dogecoin has seen the trend again during the 2020/2021 bull run. Notably, the meme coin surged to a high of $0.0138 in January 2021, faced a correction and SO bounced to all the time a high of $0.74 in May 2021. This represents an increase of 30,693% from its lows.

DOGE Eyes $4.2 Price

Now Zer0 thinks Dogecoin is following the exact same model. Interestingly, DOGE recorded the initial rise when it reached the new three-year high of $0.4844 in December 2024. However, it appears that the meme coin is now observing the usual pullback, which would prepare it to a more substantial rally.

The market analyst expects this second rally to lead to the price of $4.2. levelrepresenting a new all-time high for Dogecoin. Such a price would mark a 5,202% increase from Dogecoin’s most recent lows during the current cycle.

Interestingly, market commentator Javier Santini shares the same belief. According to Santinihe expected Dogecoin’s current pullback, predicting that a rebound could push DOGE to the $4 price mark. However, his projected timeline was wrong, as he predicted this rebound would begin during the last week of December 2024.

Meanwhile, other analysts like Trader Tardigrade believe that the coin itself has the potential to reach higher levels like $30. At press time, Dogecoin is trading at $0.3515, defending the $0.35 region, but down 5.68% over the past 24 hours.