🎉🎉Can Dogecoin Make a Third Jump? It Soared 12,000 Percent in One Cycle 🎉🎉
Crypto analyst and trader Ali Martinez has drawn attention to Dogecoin’s (DOGE) past parabolic movements, stating that a similar rally is likely.
In 2017, Dogecoin surged 212 percent before starting a parabolic rally, followed by a 40 percent correction, and then the price rose by a full 5,000 percent.
In 2021, DOGE gained 476 percent before retreating 56 percent and then recording an incredible 12,000 percent increase.
Will DOGE Repeat the 2017 and 2021 Surge?
As of 2024, Dogecoin has so far increased by 440 percent, followed by a 46 percent pullback. Martinez believes that Dogecoin could repeat its past cycles in light of this data and that a new parabolic rally could be imminent. The analyst states that DOGE has the potential to make a big rise if historical movements repeat themselves.
However, it is important to remember that past performances do not guarantee future results and investors should proceed with caution.
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