The post ‘In 2021, Dogecoin skyrocketed 10,000% in 8 days’ – Can history repeat? appeared on BitcoinEthereumNews.com.
Elon Musk leads D.O.G.E., sparking Dogecoin’s 11% surge to $0.38. DOGE could reach $14.78 by 2025, driven by bullish patterns and market evolution. On the 20th of January, Donald Trump officially resumed his role as the 47th President of the United States, ushering in a wave of unexpected developments in the political and technological landscape. Among them was the appointment of Elon Musk to lead the newly established Department of Government Efficiency (D.O.G.E.), which immediately caught the attention of both tech enthusiasts and the crypto community. Just a day after its inception, D.O.G.E. unveiled its official website, featuring the iconic Dogecoin [DOGE] logo as its emblem. This sparked a lot of excitement in the DOGE community, propelling Dogecoin’s price by 11% to reach $0.38. Dogecoin’s current price trend However, this spike was short-lived as market volatility soon followed, and DOGE was once again trading at $0.3161 after a 24-hour dip of 11.27%, as per the latest CoinMarketCap update. That being said, Dogecoin has shown some signs of recovery, displaying notable upward movement in the past day. Per CoinMarketCap, the leading memecoin continued to maintain its position as a favorite among investors, upheld by the ongoing bull season and strong community optimism, with nearly 90% expressing confidence in future price growth. Analyst predicts DOGE’s future Adding to the excitement, renowned crypto analyst Ali Martinez has made a bold forecast, predicting that Dogecoin could potentially achieve an extraordinary 10,000% price surge. In a recent post on X, Martinez shared a positive analysis of Dogecoin based on historical price data and said, “During the 2021 bull cycle, #Dogecoin $DOGE skyrocketed by over 10,000% in just 98 days.” The crypto analyst suggests that if DOGE can replicate such bullish momentum, it could potentially reach $14.78 by May 2025. Source: Ali/X How realistic is this…