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Dogecoin Price Prediction: Analyst Forecasts Meteoric 21,700% Rise To $17, Here's When
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Dogecoin Price Prediction: Analyst Forecasts Meteoric 21,700% Rise To $17, Here’s When

Scott Matherson
Scott Matherson
11 months ago
3 mins read
Dogecoin

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Crypto analyst Javon Marks has made an ultra-bullish prediction for the Dogecoin price in this bull run. The analyst claims that the foremost meme coin could attain such ambitious heights based on its performance in previous market cycles.

Dogecoin To Rise As High As $17 In This Bull Run

Marks shared a chart on his X (formerly Twitter) platform in which he predicted Dogecoin could enjoy a 21,700% price gain and rise to $17. The analyst made this forecast based on Dogecoin’s historical breakout trend, in which the meme coin has had larger runs in every subsequent bull run. 

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Dogecoin 1
Source: X

During the 2017 bull run, Dogecoin is known to have enjoyed a price gain of over 7,100%, while the meme coin made a price move of 22,800% in the 2021 bull run. As such, Marks believes Dogecoin will make a larger run in this bull run than the one in 2021, making the rise to $17 feasible. 

However, some of his followers believe that it is unlikely that Dogecoin will rise to such heights since, based on its current circulating supply, that would give the meme coin a market cap of over 2 trillion. As such, that has put a question mark on Marks’ ambitious price prediction, given how much the crypto market will need to explode before DOGE can have such a market cap. 

However, other crypto analysts like Kevin (formerly Yomi OG) have shared bullish price predictions for Dogecoin, although nothing compared to Marks’. Kevin predicts that the foremost meme coin could rally to over $3 in this market cycle. He made this prediction while alluding to Dogecoin’s price action in previous cycles. 

The analyst claimed that Dogecoin has never failed to meet or surpass the 1.618 Macro FIB extension measured from previous bull market highs to bear market lows—Dogecoin’s current 1.1618 FIB level is said to be at $3.80, meaning that it could rise to this price level in this bull run. 

More Bullish Narratives For DOGE

Kevin revealed in a recent X post that Dogecoin is creating “massive bullish divergence on the weekly Stoch RSI (Relative Strength Index).” He also noted that Dogecoin is currently forming a higher low and added that the last time DOGE was at $0.08, the last time it crossed bullish. Based on this, he claims big moves are on the horizon for the foremost meme coin. 

Dogecoin 2
Source: X

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Crypto analyst Crypto Kaleo also recently predicted that Dogecoin will outperform Bitcoin in this market cycle. He further remarked that this is a meme supercycle and that the “king of memes” would not be left behind. In another X post, he claimed that Dogecoin looks ready for that parabolic move to the upside. 

Dogecoin price chart from Tradingview.com
DOGE price trends below $0.15 | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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