Dogecoin (DOGE) was one of the first cryptocurrencies to experience significant price increases at the end of last year, peaking at nearly $0.48 in November. Since then, the meme coin has undergone significant consolidation, with a recent sharp correction. However, according to analyst Dima James Potts, there is still significant potential: he even predicts a price of $10 for each DOGE.
Ciclicidad del mercado
In a recent article about X, Potts explained that the cryptocurrency market is cyclical. Bitcoin (BTC) and other major digital assets typically reach higher peaks in the fourth year of a bull market. Potts expects Dogecoin to follow this pattern. In his base case, DOGE will reach at least $10, while his more ambitious estimate is $80 per token.
Potts pointed out previous price surges:
2016: +72%
2020: +115%
2024: +282% (predicted)
Based on this trend, he believes Dogecoin could reach the $10 mark between February 11 and May 7, 2025. This equates to a growth of 3,025%, setting a new historical high. Is this price target realistic? That's the second question. Regardless, many analysts seem to agree that DOGE can offer more.
DOGE y Elon Musk
Meanwhile, DOGE investors are cheering for the establishment of the 'Department of Government Efficiency' (DOGE). This initiative was launched by well-known Dogecoin supporter Elon Musk, and it is no coincidence that it shares a name with the popular meme coin.
Although the feasibility of a $10 target price in the short term is still debatable, many analysts agree that Dogecoin still has significant room for growth.
