Dogecoin Rally to Surpass 2021? Analysts Say So
With this momentum, Dogecoin is quickly approaching its best third year in history! A well-known market expert said that next year this meme coin leader will be even more popular.
Dogecoin is rushing towards its cyclically best third year. This meme coin leader has risen 243% in the past year, most of which occurred during the crazy surge in November.
Interestingly, Dogecoin has performed particularly well in the fourth year after each surge. In the previous two years, it rose by 72.37% and 114.86% respectively, which seems small compared to this year's growth.
What's interesting is that the fourth year of each Dogecoin cycle has been the most explosive year. This asset has already surpassed the growth of the last cycle, and a community big shot known as the 'Chief Investment Officer' predicts it will continue to rise next year.
He also mentioned that Dogecoin will repeat the massive surge of 2021, which saw an increase of 12,000%, peaking at $0.73995. Moreover, this year's rebound is even stronger than in 2018, when Dogecoin only rose by 5,000%.
This community big shot is convinced that this historical trend will continue next year. If it rises another 12,000% by 2025, the price of Dogecoin will break the $40 barrier!
Not only this analyst thinks so, but many others are also optimistic about Dogecoin, believing it can rise over 12,000%.
For instance, seasoned market analyst Ali Martinez thinks Dogecoin's trend is quite systematic. He stated that Dogecoin always starts to surge from the bear market low, then pulls back, and subsequently explodes again.
Take 2017 and 2021 as examples; Dogecoin first surged a few hundred percentage points, then corrected, and then skyrocketed again. Now, Dogecoin has risen 440% and is currently correcting, having already dropped more than 46%.
If this pattern continues, Dogecoin, the meme coin leader, might surpass 12,000% again by 2025!
However, the current trading price of Dogecoin is $0.3170, and it has dropped 4.5% in the last 24 hours. We must be cautious!
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