Dogecoin to $10? Analyst Maps DOGE's Path Using Historical 4-Year Cycles

A new analysis of Dogecoin suggests that this leading meme coin may soar to a new all-time high of $10. Crypto expert Dima James Potts supports this ambitious projection by referencing the 4-year cycle theory, which highlights significant growth during each major cycle.

On January 11, Potts unveiled a chart outlining three distinct phases of Dogecoin's price trajectory. If historical patterns hold, he predicts that Dogecoin could ascend to $10 by adhering to bullish trends seen in previous cycles.

Central to Potts' forecast is the 4-year cycle theory, linked to Bitcoin 's halving events, which cut miner block rewards in half.

Potts identifies a recurring bullish trend during each cycle, marked by the crossing of technical indicators—the "green and red trendlines." In the first cycle, from December 15, 2015, to December 26, 2016, Dogecoin saw a dramatic 9,404% leap to $0.01 following this crossover.

Years later, in Cycle 2, between December 2019 and December 7, 2020, Dogecoin experienced an even more remarkable 29,626% increase to $0.5 following a similar crossover, underscoring an exponential rise compared to the prior cycle.

Currently, the market is in the fourth year of Cycle 3. Potts foresees heightened parabolic growth by 2025 based on consistent trend patterns, predicting Dogecoin will witness an 11,049% surge by then. This would elevate its market value from the current $0.32 to an unprecedented $10. Furthermore, Potts speculates an even larger target for Dogecoin this year, suggesting a striking 40,037% increase post-$10 surge, potentially pushing the price between $30.5 and $38.5.

Technological advancements and broader global adoption are expected to propel this cycle's growth. Historical data supports this, as Dogecoin's performance has peaked during the fourth year of each cycle, fuelling Potts' confidence in similar significant growth happening now.

Currently, Dogecoin trades at $0.32, following a notable 20.25% decline over the past month. Despite an encouraging rise earlier in January, driven by whale accumulation and heightened investor interest, the cryptocurrency has recently pulled back. This includes a 15% dip over the past week and a further 3.89% drop in the last 24 hours.

However, analysts remain steadfast in their optimistic outlook for Dogecoin's future. Mister Crypto, an expert on X, believes Dogecoin is in its final consolidation stage ahead of a "parabolic blast off." According to him, once this phase concludes, a significant price surge to $1.5 could be imminent.