30s Summary

Dogecoin (DOGE) has seen a 27% rise this week, peaking at $0.48 on Nov. 23. The meme-inspired digital coin has risen by 236% over the month, becoming the third most traded crypto asset, with 24-hour trading volumes of $19.5 billion. Market rumors suggest the coin could surpass its all-time high of $0.73 soon. Analysts predict a future surge, anticipating the coin could trade between $0.65 and $1.25. In a more ambitious forecast, Dogecoin could potentially touch $36 by Jan 2025 according to a specific cyclical pattern, pushing its market cap above $5.3 trillion.

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Dogecoin (DOGE) is on a roll folks, with a sweet jump of 27% this week, capping off at a high of $0.48 on Nov. 23. This kooky meme-inspired digital coin has skyrocketed by a whopping 236% over the month and is now the third most heavily traded crypto asset – with 24-hour trading volumes totalling a mind-boggling $19.5 billion.

With Dogecoin making giant strides, the market rumors are buzzing with talk of smashing past its all-time high of $0.73 in the next few days. Some analysts even hint at significantly higher targets by 2025.

Looks like Dogecoin shooting up to $1 is just a matter of time. The coin displayed a strong knack for climbing while breaking through its previous high of $0.43. The coin’s upward journey has been supported by some solid indicators.

Independent analyst Javon Marks seems pretty convinced that Dogecoin is on track for a further surge, adding another 52.2% increase to its already sizeable climb. In Marks’ opinion, Dogecoin could soon be trading between $0.65 and $1.25.

Trader Tardigrade, a pattern analyst, echoed Marks’ view in a post, saying that Dogecoin hitting the $1 mark is all but unavoidable. He drew attention to a specific pattern that suggests a hefty upward price movement for the coin.

While a $1 target seems plausible in the near future, a move beyond the $0.73 mark might open doors to a much higher target by Q1 2025. Over the years, Dogecoin’s monthly chart reveals the coin has regularly followed the trend of the so-called Fibonacci lines.

Historically, Dogecoin’s bull market cycles have been surprisingly accurate in predicting the next cycle’s peak. By this trend, 2021 saw it exceed its expected target by a significant 732% compared with 2018. If past is prelude and Dogecoin manages a new all-time high, we could be seeing a target range of $2.90 to $3.60 by 2024.

Dogecoin hitting at least $3 might feel like wishful thinking to some, but serendipitously, a few separate analyses predicted a similar range. This alliance strengthens Dogecoin’s chance of touching the $3 mark, which would be a titanic 566% jump from its current price.

Setting eyes on an even loftier prize, some forecast a Dogecoin value climbing beyond $10. Crypto trader Dima James Potts noted a cyclic pattern in Dogecoin’s behaviour where we witness a peak roughly every 1446 days.

Potts is expecting a similar story for the coin in 2025. After careful observation, he speculated that around Jan 19, 2025, the DOGE might reach its zenith. According to his predictions, Dogecoin could touch $36, which is a mammoth 80X increase from today’s prices.

However, this ambitious figure would propel DOGE’s market cap upwards of $5.3 trillion. Given the total crypto market stands at $3.5 trillion, a $30+ price tag for Dogecoin by Jan. 2025 might be a stretch.

Remember though, these predictions should be taken with a pinch of salt. Investing in cryptos can be risky and it’s wise to research thoroughly before making a decision.