Will the Dogecoin Rally surpass 2021? Analysts say
Dogecoin is on pace to reach its best third year in history! A well-known market expert says the emoji coin will be even hotter next year.
Dogecoin is heading for its best third year in terms of cyclicality. The meme coin has gained 243% in the past year, most of which was in November.
Speaking of which, after each Dogecoin boom, the fourth year has performed particularly well. The previous two years saw increases of 72.37% and 114.86%, respectively, which is nothing compared to this year's gains.
Interestingly, the fourth year of each Dogecoin cycle is the year of the strongest growth. The asset has already exceeded the gains of the previous cycle, and a community leader called "Investment CEO" expects the same increase next year.
He also said that Dogecoin will repeat the surge in 2021, when it rose 12,000% to a high of $0.73995. Moreover, this year's rebound is even stronger than in 2018, when Dogecoin only rose 5,000%.
The community leader concluded that this historical trend will continue next year. If it rises another 12,000% in 2025, the price of Dogecoin will break the $40 mark!
Not only this analyst thinks so, in fact, many people are also optimistic about Dogecoin and think it can rise by more than 12,000%.
For example, experienced market analyst Ali Martinez thinks that the trend of Dogecoin is quite regular. He said that Dogecoin always rises sharply from the low point of the bear market, then pulls back, and then explodes again.
Take 2017 and 2021 as examples. Dogecoin first rose by several hundred percentage points, pulled back, and then soared again. Now Dogecoin has risen by 440% and is correcting. It has fallen by more than 46%.
If this pattern continues, Dogecoin, the meme coin leader, may rise by more than 12,000% in 2025!
However, the current trading price of Dogecoin is $0.3170, and it has fallen by 4.5% in the past 24 hours. We still have to be careful!
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