Noted market analyst Dima James Potts believes Dogecoin will hit double digits in this bull cycle, providing the timeline for its realization.
Dogecoin has shown strong signs of recovery after a substantial correction yesterday. The doggie-themed meme coin rebounded from a more than six-week low of $0.26216 on Dec. 20, closing above $0.31000.
Furthermore, DOGE has continued its bullish momentum today, appreciating over 8% at press time to $0.345. Amid the rebound, a prominent analyst, Dima James Potts, has provided his Dogecoin price target for this cycle.
Analyst says $10 is Dogecoin’s minimum price target
Potts acknowledged the cyclical paradigm of the cryptocurrency market, noting that Bitcoin and major digital assets tend to surpass their previous cycle highs in the fourth year of each bull run. With the analogy, the analyst predicted that Dogecoin would soon surpass its all-time high of $0.73995.
Furthermore, Potts stated that Dogecoin has surpassed its third-year performance in the last two bull cycles. For context, Dogecoin rose 72.37% in 2016 and 114.86% in 2020, but has appreciated an impressive 282.67% this year.
Meanwhile, the commentary shows that the analyst expects Dogecoin to close around $0.31 this year before rising to at least $10 next year. Notably, $10 is Potts’ base case prediction for 2025, as his chart shows that the meme coin can reach $80 per coin, an extremely ambitious goal.
Timeline for Dogecoin to reach $10
At the same time, Potts provided a timeline for Dogecoin to reach the $10 target. According to his tweet Today, the leading meme coin will reach this price level between February 11 and May 7, 2025.
The analyst suggested that Bitcoin could experience multiple peak cycles next year. However, Dogecoin will peak at the first major asset within the date range.
Meanwhile, Potts speculated that growing adoption and technological advancement will fuel Dogecoin’s rally next year. Notably, the seventh-largest cryptocurrency by market capitalization gained strength in November, asthe establishment of he DOGE. (Department of Government Efficiency) drew attention.
Other Dogecoin Predictions at $10
Besides, Potts is not the only analyst speculating a Dogecoin rise to $10; Other analysts have made similar calls. For example, experienced market analyst Ali Marinez stated that Dogecoin will reach $10, citing a rally to the tip of its ascending triangle.
Meanwhile, Changelly and ChatGPT too provided that Dogecoin will reach $10. The trading platform predicted that the meme coin would do so in 2040, while the AI ​​bot expects this to happen between 2029 and 2034.
