Notable market analyst Dima James Potts believes Dogecoin will surge to a double-digit figure this bull cycle, providing the timeline for its realization.
Dogecoin has shown strong recovery signs after a substantial correction yesterday. The doggy-themed meme coin bounced from an over six-week low of $0.26216 on Dec. 20, closing above $0.31000.
Furthermore, DOGE has continued its bullish momentum today, appreciating over 8% at press time to $0.345. Amid the bounce, a notable analyst, Dima James Potts, has provided his Dogecoin price target for this cycle.
Analyst Says $10 is Dogecoin’s Minimum Price Target
Potts acknowledged the crypto market’s cyclical paradigm, noting that Bitcoin and major digital assets tend to trounce their previous cycle’s highs in the fourth year of each bull run. With the analogy, the analyst predicted that Dogecoin would soon surpass its all-time high of $0.73995.
Furthermore, Potts stated that Dogecoin has outperformed its third-year performance in the last two bull cycles. For context, Dogecoin surged 72.37% in 2016 and 114.86% in 2020 but has appreciated by an impressive 282.67% this year.
Meanwhile, the commentary shows the analyst expects Dogecoin to close at around $0.31 this year before pushing to at least $10 next year. Notably, $10 is Potts’ base case prediction for 2025, as his chart shows the meme coin can reach $80 per coin, an extremely ambitious target.
Timeline for Dogecoin to $10
Concurrently, Potts provided a timeline for Dogecoin to reach the $10 target. According to his tweet today, the leading meme coin will attain this price level between February 11 and May 7, 2025.
The analyst suggested that Bitcoin might see multiple cycle tops next year. However, Dogecoin will peak on the premier asset’s first top within the date range.
Meanwhile, Potts speculated that growing adoption and technological advancement will drive Dogecoin’s rally next year. Notably, the seventh-largest cryptocurrency by market cap gained traction in November, as the establishment of the D.O.G.E. (Department of Government Efficiency) spurred attention.
Other Dogecoin to $10 Predictions
Additionally, Potts is not the only analyst speculating a Dogecoin surge to $10; other analysts have made similar calls. For instance, seasoned market analyst Ali Marinez asserted that Dogecoin will hit $10, citing a rally to the tip of its ascending triangle.
Meanwhile, Changelly and ChatGPT also predicted that Dogecoin will reach $10. The trading platform predicted that the meme coin would do so in 2040, while the AI bot expects this to happen between 2029 and 2034.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
