Is everyone focusing on Dogecoin (DOGE)? Want to know if it can soar to $10 next year?

# Who's next to rise?

Currently, the price of DOGE is around $0.4. Although it sounds like a joke, the market is quite optimistic about it. Some analysts say that DOGE needs to rise by 2233% to touch the $10 threshold.

Analyst Dima James Potts mentioned that in this bull market, DOGE could break $10, and by 2025, it might even soar to $24, based on historical weekly charts.

Another analyst, Gladiator, believes that DOGE's current trajectory is quite similar to last time's bull market, and it's possible that by the first quarter of this year, it could rise between $5 and $10.

Changelly's analyst also stated that in the long run, reaching $10 for DOGE is not a dream. By 2040, the minimum price could be $9.35, the average price $9.84, and the maximum could even reach $11.19. The AI from ChatGPT also predicted that as long as DOGE has a large user base and rises alongside Bitcoin and Ethereum, breaking $10 before 2030 is possible.

However, analyst Ali Martinez cautioned that DOGE needs to break through the apex of the weekly rising wedge for the $10 target to be more credible. That said, the inflation issue of DOGE is significant, with 5 billion new tokens added each year. To reach $10, the market cap would need to be frighteningly high; currently, there are 147 billion in circulation, which would require a market cap of $1.47 trillion. If the supply rises to 152 billion tokens, it would then need a market cap of $1.52 trillion.

Even so, many still believe DOGE has potential. Both retail and institutional demand are increasing, and there's also Elon Musk supporting it. The current price of DOGE is $0.4285, having risen 148.85% in the past 30 days, and it increased by 6.41% today alone. Let's wait and see! As a seasoned cryptocurrency investor, I share my experiences and insights for free. Interested in the crypto world but don’t know where to start? Click on my profile to see my biography, and let's witness the moment of miracles together.