Whoever buys it will get rich! Dogecoin (DOGE) has the potential for explosive growth in 2025
2024 started off well, with a sharp price increase driven mainly by Bitcoin (BTC). Dogecoin (DOGE), the undisputed leader among memecoins, has also benefited from these market movements.
Cryptocurrency analyst Dima James Potts said that DOGE will remain relatively stable for the rest of 2024, but he predicts that Dogecoin may experience another amazing rise in 2025.
As can be seen from the chart, the main crossover between the green and red lines in the multi-year DOGE chart occurred in early September. This pattern (highlighted by the white arrow in the image) has occurred before and led to a sharp price increase at the time.
Dogecoin fluctuates in cycles. It can be clearly seen from the chart that the consolidation periods are getting longer and longer, while the subsequent price increases are getting stronger and stronger. Potts expects that the current cycle, the third in the series, will be the longest and strongest as shown by the rising trend line.
DOGE’s success will depend in part on the performance of Bitcoin, which has traditionally led the market. As it turned out earlier this year, a new Bitcoin bull run could follow in Dogecoin’s footsteps.
Historical data suggests that Bitcoin could be on the verge of a new upward phase.
