Dogecoin to $10: Analyst Gives Timeline for Price Target
Notable market analyst Dima James Potts believes Dogecoin will surge to a double-digit figure this bull cycle, providing the timeline for its realization.Dogecoin has shown strong recovery signs after a substantial correction yesterday. The doggy-themed meme coin bounced from an over six-week low of $0.26216 on Dec. 20, closing above $0.31000.Furthermore, DOGE has continued its bullish momentum today, appreciating over 8% at press time to $0.345. Amid the bounce, a notable analyst, Dima James Potts, has provided his Dogecoin price target for this cycle.Analyst Says $10 is Dogecoins Minimum Price TargetPotts acknowledged the crypto markets cyclical paradigm, noting that Bitcoin and major digital assets tend to trounce their previous cycles highs in the fourth year of each bull run. With the analogy, the analyst predicted that Dogecoin would soon surpass its all-time high of $0.73995.Furthermore, Potts stated that Dogecoin has outperformed its third-year performance in the last two bull cycles. For context, Dogecoin surged 72.37% in 2016 and 114.86% in 2020 but has appreciated by an impressive 282.67% this year.Meanwhile, the commentary shows the analyst expects Dogecoin to close at around $0.31 this year before pushing to at least $10 next year. Notably, $10 is Potts base case prediction for 2025, as his chart shows the meme coin can reach $80 per coin, an extremely ambitious target.
Text source: The Crypto Basic
