Analyst Predicts Massive Parabolic Run for Dogecoin, Here's Target
In an X article, Marks forecasted that Dogecoin might hit its ATH of $0.73 after a 431% surge. The expert predicted this price based on the meme coin's pricing and historical cycles. Accordingly, Marks thinks DOGE may be starting another parabolic run.
According to Marks, Dogecoin's climb to its ATH may be the start of its bull run this cycle. The expert expects the foremost will soar over $0.7 to $3. Javon Marks has forecast DOGE's huge surge before.
Due to its bull market pattern, the expert anticipated Dogecoin will gain 21,700% to $17. Dogecoin has consistently gained more in each market cycle, he said. This bull run has DOGE outperforming its past cycle, so he doesn't foresee a different outcome.
Recently, crypto expert Dima James predicted that DOGE would exceed Bitcoin and surpass its past two cycles. James expects Dogecoin to reach $10 in this market cycle.
Dogecoin Rises Again With Musk
The Dogecoin price rose nearly 7% in 24 hours. After Elon Musk spoke at a Pennsylvania town hall on his planned ‘Department of Government Efficiency’, the price rallied.
Due to Musk's links to the meme currency, DOGE reacts well to his mention of the D.O.G.E department. Dogecoin rose over 7% on October 16 after Musk mentioned the D.O.G.E department in an X post.
DOGE hit its highest level since late July after the latest rise, fueling confidence that the meme currency might make its run in this market cycle. Pepe (PEPE) and Dogwifhat (WIF) have outperformed the leading meme currency.
According to CoinMarketCap, Dogecoin is trading at $0.13, up in the previous 24 hours.
