Dogecoin (DOGE) could be on the verge of a significant price rally, according to crypto analyst Dima James Potts, who cites historical post-presidential inauguration patterns.

Dogecoin and the broader crypto market have faced significant bearish pressure as Donald Trump officially begins his second term. Contrary to popular expectations, the crypto market has taken a substantial hit, and Dogecoin has not escaped the bearish onslaught.

Today, Dogecoin has lost over 10% of its value, trading at $0.3400 at the time of reporting. Trump’s official meme coin has fared even worse, tanking by over 30% today alone.

Meanwhile, market commentators like Ðima James Potts believe the bearish sentiment is only temporary.

Using historical patterns, Potts linked Dogecoin’s extraordinary price surges to U.S. presidential inaugurations. In particular, he points to previous trends as a potential indicator that DOGE could surpass $20 during this cycle.

Dogecoin Historical Trends Pointing to Explosive Growth

Analyzing Dogecoin’s weekly chart, Potts highlighted its price performance following the last two inaugurations.

He noted that during the 2017 cycle, DOGE saw an impressive 30x price increase after the inauguration. Similarly, in 2021, the meme coin outdid itself with an 80x rally following the event.

These patterns have set high expectations for the current 2025 cycle. With DOGE trading at $0.38 on the eve of the inauguration, Potts projects that a 55x growth—calculated as the average of the previous cycles—would bring its price to an astonishing $20.

Factors Supporting Optimism

Potts is confident that Dogecoin could outperform its historical trends this season. He pointed to technological advancements and the growing global institutional adoption of cryptocurrencies.

Recall that institutional market maker Wintermute recently projected that Dogecoin could get an ETF this year. Potts believes this institutional interest in Dogecoin could create the perfect conditions for another historic rally.

The Path to $10 and Beyond

With Dogecoin trading at $0.3400, rallying to $10 would represent a 3,116% upside for current holders. A run to $20 would yield a 5,778% upside. Interestingly, some analysts are even calling for more explosive price surges for Dogecoin in this cycle, with targets of $30 and $40.

These analysts largely hope that the meme coin will replicate its 2017 and 2021 price performance. However, these lofty price aspirations would mean several trillions of dollars in market cap for Dogecoin—a point critics often use to dismiss the optimism.