Factor CEO says Dogecoin$DOGE is repeating the cycle that Bitcoin followed from 2015 to 2016. This suggests further growth for the memecoin, according to trader and analyst Peter Brandt. Peter Brandt says the DOGE memecoin has been one of the leaders of the current bull run, up 143% in the first half of November alone to reach $0.39: “DOGE is now at the same stage in its life cycle as Bitcoin was in May 2016. At that time, Bitcoin was trading around $440 and had started a major uptrend. In June 2016, BTC rose 77% to reach $781, before correcting 38%. After that, it began a steady rise that led to even higher levels by the end of the year.” From March to August 2024, Dogecoin was in a correction phase, but after Bitcoin demonstrated a major uptrend in late September, the memecoin rate also began to rise. It shows significant potential for further growth in the medium term, the businessman said. He noted that Dogecoin now needs to stay above the critical support level of $ 0.35 $PNUT $PROS