Dogecoin Could Surge 60x and Reach $20 in 2024 Bull Cycle
- 60x potential in the 2024 cycle, potentially reaching $20.
- Bullish history shows significant cyclical patterns.
- Market capitalization defies ambitious targets.
Dogecoin ($DOGE), the famous meme-based cryptocurrency, is once again capturing the market’s attention with predictions pointing to a significant jump in its price in the 2024 bull cycle. According to recent analysis, the memecoin could reach an impressive $20, which would represent a 60x increase from its current value.
At the time of publication, the price of DOGE was quoted at US$0,3559 with an increase of 11.5% in the last 24 hours.
This ambitious projection is anchored in Dogecoin’s growth history during previous cycles. In 2017, the asset saw a 90x jump, while in 2021, the increase was even more impressive, reaching 306x. These movements highlight the cyclical behavior of the asset, which often records significant gains in bull markets.
Cryptocurrency analyst Javon Marks has shared an analysis on his X account (formerly Twitter) that suggests Dogecoin could be on the verge of repeating this historical pattern. Marks points out that the asset is close to forming a large vertical movement, known as a “God candle,” that could take the price above the $20 mark.
Updating this again because $ DOGE (Dogecoin) still looks to be in another Bull cycle and in each of its previous cycles, its runs have become larger.
Another similar performance happening again, as history shows to be possible, would equate to a >60X from here to $20+ 🧐… https://t.co/m1j7kZpAju pic.twitter.com/zduUSKHaKv
— JAVON⚡️MARKS (@JavonTM1) January 13, 2025
Factors Supporting Optimism
Among the factors driving Dogecoin’s rise is the growing institutional interest in the cryptocurrency market, as well as the continued support of its vibrant community. The cryptocurrency’s widespread visibility, especially on social media and in traditional media, also contributes to its increased demand.
Additionally, the cyclical behavior of the crypto market favors bullish moments for assets like Dogecoin. As the 2024 cycle takes shape, investors and analysts are observing a change in market sentiment, indicating a possible significant appreciation trend.
Limitations and Realistic Perspectives
While the $20 price tag is impressive, it comes with significant challenges. To reach that level, Dogecoin would need a market cap of around $2,95 trillion, which is more than the current total of the entire cryptocurrency market. Still, analysts point out that more modest goals, such as surpassing the all-time high of $0,73 or reaching $1, are much more achievable in a bullish scenario.
Dogecoin is currently trading at around $0,34, up 9% in the past 24 hours, according to market data. The recent recovery suggests that the asset is positioning itself for a possible consolidation move and new highs in the coming months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








