Analyst gives target price schedule

Leading market analyst Dima James Potts believes Dogecoin will rise to double digits in this bull cycle, providing a timeline for its achievement.

Dogecoin It showed strong signs of recovery after a major correction yesterday. The meme-themed coin rebounded from a six-week low of $0.26216 on December 20, to close above $0.31000.

Furthermore, DOGE continued its bullish momentum today, rising more than 8% at press time to $0.345. Amid the bounce, prominent analyst, Dema James Potts, provided a Dogecoin price target for this session.

The analyst says $10 is the minimum price target for Dogecoin

Potts acknowledged the cyclical model of the cryptocurrency market, noting that Bitcoin and major digital assets tend to overcome their previous cycle highs in the fourth year of each bull run. By measurement, the analyst expects Dogecoin to surpass its price soon Highest level ever Valued at $0.73995.

Furthermore, Boots mentioned that Dogecoin has outperformed Year 3 in the last two bull cycles. For context, Dogecoin rose 72.37% in 2016 and 114.86% in 2020 but is up a staggering 282.67% this year.

Meanwhile, the commentary shows that the analyst expects Dogecoin to close at around $0.31 this year before rising to at least $10 next year. Notably, $10 is Boots’ base case forecast for 2025, as his chart shows that the meme could reach $80 per coin, which is a very ambitious target.

Dogecoin Timeline to $10

At the same time, Boots provided a timeline for Dogecoin to reach the $10 target. According to him tweet Today, the leading meme coin will reach this price level Between February 11 and May 7, 2025.

The analyst suggested that Bitcoin may see multiple peaks in the next year. However, Dogecoin will peak at the first high of the major asset during the time range.

Meanwhile, Potts predicted that increased adoption and technological advancements will drive Dogecoin to rise in the coming year. It is worth noting that the seventh largest cryptocurrency by market capitalization gained traction in November construction the Doug. (Government Efficiency Administration) aroused interest.

Other Dogecoin $10 Predictions

In addition, Potts is not the only analyst who expects Dogecoin to rise to $10; Other analysts have made similar calls. For example, veteran market analyst Ali Marinez He confirmed That Dogecoin will reach $10, indicating a rise to the tip of its ascending triangle.

Meanwhile, Qingli and ChatGPT also anticipation That Dogecoin will reach $10. The trading platform expected the meme currency to do so in 2040, while the artificial intelligence robot expected it to happen between 2029 and 2034.