Well-known market analyst Dima James Potts believes that Dogecoin will rise to double digits in this bull cycle, providing the timeline for its realization.
Dogecoin has shown strong signs of recovery after a significant correction yesterday. The dog-themed meme coin rebounded from an over six-week low of $0.26216 on December 20 to close above $0.31,000.
Additionally, DOGE continued its bullish momentum today, rising over 8% to $0.345 at press time. Amid the upswing, a well-known analyst, Dima James Potts, has revealed his Dogecoin price target for this cycle.
Analysts say $10 is Dogecoin’s minimum price target
Potts acknowledged the cyclical paradigm of the crypto market, noting that Bitcoin and major digital assets tend to surpass the highs of their previous cycle in the fourth year of each bull run. Using this analogy, the analyst predicted that Dogecoin would soon surpass its value All-time high of $0.73995.
Additionally, Potts explained that Dogecoin has outperformed its third-year performance in the last two bull cycles. For comparison, Dogecoin rose 72.37% in 2016 and 114.86% in 2020, but has gained an impressive 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, Potts’ base prediction for 2025 is $10, as his chart shows that the meme coin can reach $80 per coin, an extremely ambitious goal.
Timetable for Dogecoin to $10
At the same time, Potts presented a timeline for Dogecoin to reach the $10 target. In his opinion tweet Today, the leading meme coin will reach this price level between February 11th and May…
