$DOGE Price History Gives Pumping Signal, When?

Bittime - Dogecoin (DOGE) is now one of the most popular assets in the crypto world. $DOGE price history shows a potential surge of over 75%. Learn when Dogecoin (DOGE) could hit its highest price and what's driving it.

Recently, crypto analysts noticed an interesting pattern in Dogecoin's price movement history that suggests the potential for a significant price spike. 

Is DOGE really ready to experience pumping big again? If you look at historical patterns, this possibility is very large. Here's the review!

$DOGE Price History: Potential Over 75% Surge

Source: Bitcoinist

According to the latest analysis from several crypto experts, Dogecoin (DOGE) is currently showing the potential to rise by more than 75% and surpass its previous all-time high (ATH), namely $0.73 (around IDR 11,773). 

One well-known analyst, Javon Marks, stated that DOGE's price history shows that this crypto asset is on an almost perfect track to experience a major surge. 

According to Marks, bull run This ongoing action will take DOGE towards higher prices, and it could surpass $3 (around IDR 48,300) before this market cycle ends. In fact, some analysts are optimistic that the DOGE price could reach an even higher figure, even up to $15 (around Rp. 241,500).

Apart from that, several other analysts such as Trader Tardigrade and Ali Martinez also predict that the price of Dogecoin could shoot up to double digits in this market cycle. 

Trader Tardigrade even mentioned that Dogecoin follows the same price movement pattern as bull run In 2021, DOGE could reach $30 (around IDR 483,000) next March.

Read also: How to Mining $DOGE? Follow the Tutorial!

DOGE Mimics Bull Run 2021

Another analyst, known as Doge Coach, added that the current DOGE price chart is almost identical to the price movement in bull run 2021. If this pattern continues, DOGE is predicted to shoot up in the near future and will most likely break the psychological level of $1 (around Rp. 16,100).

However, Doge Coach also reminded that in order to surpass the $1 level, DOGE needs trigger big. Examples include the integration of DOGE in the X payment service which is currently under development.

There is a lot of speculation circulating that DOGE will be used as a means of payment on the X platform (formerly known as Twitter). If this really happens, it is likely that the price of DOGE will be pushed up significantly, because it will gain wider adoption. 

Even so, when this article was written, the price of DOGE was still around $0.32 (around IDR 5,100), down around 2% in the last 24 hours according to data from CoinMarketCap.

Read also: Dogecoin Price Target is at $20, Here's the DOGE Prediction According to Experts

Dogecoin Poised to Surge 91% in January?

Based on historical data, DOGE has the potential to record an extraordinary surge of up to 91% in January. Data from CryptoRank shows that the average DOGE price increase in January reached 91.5% over the last 10 years. 

Interestingly, even though Dogecoin has been around since 2013, DOGE's biggest price spike occurred in January 2021, where DOGE prices soared by 711.5%. 

However, after that, the last few years have recorded more moderate declines or increases, as seen in January 2023 which only recorded an increase of 37.2%.

However, the data also shows that DOGE could experience a decline in January. Based on historical median returns, DOGE tends to experience a decline of -7.95%. 

However, with potential alt season what DOGE is talking about will most likely follow that trend. If Ethereum manages to take the lead alt season as expected, DOGE has the potential to record a significant price spike, not only in January, but also throughout the year.

Read also: Dogecoin: Explained, DOGE $1 Predictions, and Functions

Conclusion

The price history of Dogecoin shows that this crypto asset could experience a significant price spike in the near future. With a pattern similar to bull run 2021 and the potential integration of DOGE in various payment services, DOGE has the potential to record extraordinary increases. 

Despite the possibility of a downturn in January, analysts are optimistic that if the crypto market re-enters alt season, DOGE could reach much higher prices. 

FAQ About $DOGE

What is Dogecoin (DOGE)?

Dogecoin is a crypto asset that was originally created as a meme based on the internet-famous "Doge" character. However, over time, DOGE has become a popular cryptocurrency and is often used for transactions and as a speculative asset.

Is DOGE suitable for long-term investment?

Dogecoin has high volatility, making it more suitable for investors who are ready for big risks. Despite the potential for huge profits, it is important to understand that DOGE can experience significant price fluctuations.

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Reference 

of Bitcoin, Historical Data Shows That The Dogecoin Price Is About To Surge More Than 75% To Reach New ATHs, accessed December 30, 2024.

U.Today, Dogecoin (DOGE) on Verge of 91% Pump If Price History Doesn't Lie, accessed December 30, 2024.

Author: Y