What Is The Maximum Price That Dogecoin Can Reach?
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Written by
Yana Levkovich - Updated 2024-11-25 10:25:07
What Is The Maximum Price That Dogecoin Can Reach?
This week, DOGE has risen another 27%, hitting a new all-time high of $0.48 on November 23.
With monthly gains of 236%, the memecoin ranks third among cryptocurrency assets based on 24-hour trading volumes, with $19.5 billion.
Several analysts alluded to more significant targets in 2025 as the market speculated an all-time high (ATH) retest at $0.73 during the following few days.
Dogecoin Will “Inevitably” Reach $1.
On the 4-hour chart, Dogecoin has shown a robust breakout above its most recent high of $0.43. During its higher-high sideways consolidation, the 50-day EMA and the relative strength index (RSI) have served as support.
An additional 52.2% upside “could be well on the way,” according to independent analyst Javon Marks, who noted that the price had confirmed a move above prior highs.
Marks emphasized that Dogecoin's target range is between $0.65 and $1.25.
Similarly, pattern analyst Trader Tardigrade stated in an X post that a $1 aim for the memecoin is “inevitable.”
The majority of Dogecoin's 2025 price estimates are predicated on past performance. In a same vein, freelance cryptocurrency trader Dima James Potts set an extraordinarily high goal for DOGE that goes above $10.
James Potts depicted a recurrent trend for Dogecoin, with the cycle peak occurring after roughly 1446 days.
As previously said, each cycle has fared better than the prior peak. Potts, therefore, anticipated a comparable result in 2025.
The accompanying chart indicates that the price target for Dogecoin is $36—an additional 80x from present values. The market capitalization will be approximately ~$5.3 trillion. For comparison, the entire cryptocurrency industry is worth $3.5 trillion. Therefore, it is probably safe to estimate that Dogecoin will unlikely reach a price target of $30+ by January 19, 2025.
