Despite waning demand for meme coins, a crypto analyst predicts a substantial 5,202% price increase for Dogecoin. Currently on a decline, Dogecoin's value might soon rally due to favorable market conditions and technical indicators.
Analyst Zero, on Twitter platform X, highlighted historical data showing Dogecoin's past massive rallies, especially post-Bitcoin halving events. Notably, from 2017 to 2018, Dogecoin saw a 9,226.49% rise, and in 2020-2021, a 30,693.75% increase.
Zero forecasts that between 2024-2025, Dogecoin could reach $5, a 50X rise from its current $0.139, surpassing the 2021 high. This long-anticipated surge is welcomed by Dogecoin holders.
Another analyst, CEO, anticipates an all-time high based on technical patterns and resistance break trends, suggesting Dogecoin's potential surge beyond $0.4.
