A market analyst has revealed when Dogecoin will break through the $10 level. However, market participants are looking at a cheaper alternative.
The cryptocurrency market is in a correction phase. Major assets such as Bitcoin, Solana, and Dogecoin have all seen significant corrections in the past week.
For context, Dogecoin retested its six-week low of $0.26216 on December 20. Although the asset has rebounded from that level, the meme coin is still under heavy selling pressure.
However, renowned Dima analyst James Potts has emphasized that Dogecoin will rebound significantly and rise to a cyclical high of at least $10. What’s more, the analyst has provided a timeline for reaching that price.
Dogecoin heading to $10 next year
Potts noted in a recent analysis that Dogecoin will break through its all-time high of 0.73995$ and surge over 3,095% to $10 next year. The analyst speculated that growing adoption and technological advancements will be the main drivers of the increase.
Interestingly, Potts provided a timeline for reaching this price. In his commentary, he noted that the leading meme coin will reach 10$ between February 11 and May 7, 2025. He then laid out a timeline, stating that it correlates with Bitcoin’s first market peak during the aforementioned period.
Meanwhile, the analyst’s chart shows that Dogecoin could rise above 10$ during this cycle. The attached chart shows that the largest meme coin by market capitalization in a bull market could reach $80.
The cryptocurrency market is in a correction phase. Major assets such as Bitcoin, Solana, and Dogecoin have all seen significant corrections in the past week.
For context, Dogecoin retested its six-week low of $0.26216 on December 20. Although the asset has rebounded from that level, the meme coin is still under heavy selling pressure.
However, renowned Dima analyst James Potts has emphasized that Dogecoin will rebound significantly and rise to a cyclical high of at least $10. What’s more, the analyst has provided a timeline for reaching that price.
Dogecoin heading to $10 next year
Potts noted in a recent analysis that Dogecoin will break through its all-time high of 0.73995$ and surge over 3,095% to $10 next year. The analyst speculated that growing adoption and technological advancements will be the main drivers of the increase.
Interestingly, Potts provided a timeline for reaching this price. In his commentary, he noted that the leading meme coin will reach 10$ between February 11 and May 7, 2025. He then laid out a timeline, stating that it correlates with Bitcoin’s first market peak during the aforementioned period.
Meanwhile, the analyst’s chart shows that Dogecoin could rise above 10$ during this cycle. The attached chart shows that the largest meme coin by market capitalization in a bull market could reach $80.