Dogecoin Price Prediction: Analyst Highlights How Dogecoin Could Rally 55X to $20+
Dogecoin (DOGE) could be on the verge of 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 popular expectations, the crypto market has taken a substantial hit, and Dogecoin has not escaped the bearish onslaught.Today, Dogecoin has lost over 10% of its value, trading at $0.3400 at the time of reporting. Trumps official meme coin has fared even worse, tanking by over 30% today alone.Meanwhile, market commentators like Ðima James Potts believe the bearish sentiment is only temporary.Using historical patterns, Potts linked Dogecoins extraordinary price surges to U.S. presidential inaugurations. In particular, he points to previous trends as a potential indicator that DOGE could surpass $20 during this cycle.Dogecoin Historical Trends Pointing to Explosive GrowthAnalyzing Dogecoins weekly chart, Potts highlighted its price performance following the last two inaugurations.He noted that during the 2017 cycle, DOGE saw an impressive 30x price increase after the inauguration. Similarly, in 2021, the meme coin outdid itself with an 80x rally following the event.These patterns have set high expectations for the current 2025 cycle. With DOGE trading at $0.38 on the eve of the inauguration, Potts projects that a 55x growthcalculated as the average of the previous cycleswould bring its price to an astonishing $20.
Text source: The Crypto Basic
