Market commentator EGRAG believes if XRP follows Tesla’s price direction from 2018 to 2023, its price could skyrocket 1,667%.

A recent analysis has identified similarities between Tesla’s (TSLA) historical price movements and XRP’s current trajectory, suggesting a major rally could follow its ongoing correction. 

Interestingly, this market commentary comes from analyst EGRAG, who believes XRP could mimic Tesla’s path, potentially reaching a price of $41 within the next 91 days.  

Tesla’s Historical Rally  

Market data confirms that in December 2018, Tesla saw a massive price drop after CEO Elon Musk appeared on the CBS program “60 Minutes.” The stock fell to $12 during a corrective phase but later staged a remarkable recovery. 

Over the next 912 days, Tesla witnessed an impressive rebound. After reclaiming the previous high of $24, Tesla soared to hit a resistance level of $58 in April 2020. It immediately surpassed this level, claiming a top of $170 by late 2020 and then the ultimate peak of $410 in November 2021.

XRP Could Follow a Similar Path

EGRAG identified similar circumstances in XRP’s market. He noted Ripple CEO Brad Garlinghouse’s December 2024 appearance on the same program and a subsequent price drop. 

While the chart suggests XRP’s decline may continue in the short term, EGRAG believes it mirrors Tesla’s early struggles before its explosive rally. As of today, XRP trades at $2.22 after a 1.97% gain, still far below its December 3 peak of $2.90. 

This decline, accelerated by hawkish comments from the Federal Reserve, places XRP roughly 20% below its recent highs. The chart analysis also highlights a critical support level at $2.1244, which could play a pivotal role in XRP’s recovery.

Meanwhile, EGRAG anticipates a steeper correction, with prices potentially dropping to $1.20 before a rebound. Despite these bearish movements, the analyst remains optimistic about a massive rally following this phase. 

According to his projection, following the projected drop to $1.20, XRP could reclaim the $2.4 mark and then soar to $5.6, a new all-time high. Beyond this level, EGRAG expects an XRP rally to $17 before eventually claiming the ultimate $41 target in 91 days.

EGRAG justified the 10X factor by stating that crypto moves faster than stocks, reducing Tesla’s 912-day rally to 91 days for XRP. With XRP currently trading for $2.32, a rally to $41 would demand a massive 1,667% upsurge.

Ripple’s XRP is showing a modest increase of over 1%, trading at $2.28 at the time of writing. After a recent dip below the $2 mark, XRP has managed to sustain a bullish trend. While Bitcoin and other major cryptocurrencies are experiencing a decline, XRP’s ability to consolidate around the $2 level is seen as a positive sign for investors. The broader crypto market has also seen significant liquidations, with over $680 million wiped out in the past 12 hours, yet XRP remains resilient.

Price Range and Potential Movement

At present, XRP is trading between $1.96 and its all-time high of $3.30. This range indicates a somewhat squeezed market for XRP, but it also opens the door for potential price movements. The short-term outlook for XRP could see the price pushing higher, particularly if it follows the patterns observed in other major cryptos like Bitcoin, which is currently undergoing a price correction. Traders are hopeful that XRP could continue to rally within this established range, making any upward movement highly anticipated.

Elliott Wave Analysis and Key Price Structure

From an Elliott Wave perspective, XRP’s chart shows two possible scenarios. The first suggests that the top may already have been reached, with XRP forming a fourth wave triangle. If this is the case, a final fifth wave would conclude the current bullish phase. This pattern is typically followed by a correction before a possible rally resumption.

The second possible scenario indicates that XRP may still have some room for growth, with an additional 4-5% upside potential before the current cycle concludes. Traders and analysts will closely monitor these patterns, as they could provide insight into XRP’s next movements.

Critical Levels: Key Support and Resistance

To validate the current bullish outlook, XRP must maintain its price above the critical support level of $1.90. A drop below this level would invalidate the bullish triangle pattern and likely signal a deeper correction, moving XRP lower before any potential recovery. If XRP holds above this key level, it will maintain the bullish trend and could continue its recovery.

Support at $1.90 is crucial, but the price also needs to hold above $2 for continued upward momentum. Any significant break below this support could shift market sentiment and trigger a bearish correction. On the upside, traders are looking for XRP to surpass resistance levels, particularly the $2.50 to $3 range.

Market Sentiment and Future Outlook

Despite the overall market volatility, XRP’s bullish momentum seems intact for now. The price consolidation around the $2 mark suggests stability, and the interest from traders has been rising as the coin retraces and recovers. As long as XRP holds the $1.90 support, investors could see further bullish price action in the coming days.

Looking ahead, XRP’s price action could see a continuation of the uptrend if the coin surpasses key resistance levels. The next major milestone would be a move toward $2.50, and if it continues to hold above that, XRP could test new highs. However, if it dips below $1.90, a deeper correction could occur, testing lower levels before any recovery.

Conclusion

XRP’s short-term outlook remains cautiously optimistic, with key price levels indicating where the coin could either continue its bullish momentum or face a correction. Investors should monitor the $1.90 support level closely, as any breach could signal a shift in market dynamics. However, if XRP continues to hold above this support and capitalizes on the broader market rebound, the coin could see further gains in the near future.

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Driven chiefly by recent events involving President-elect Donald Trump and his endorsement of Elon Musk’s suggested Department of Government Efficiency (D.O.G.E.), Dogecoin (DOGE) has seen a significant increase in market activity. This action and Musk’s ongoing backing of DOGE—including payments through his company’s Tesla products—have increased memecoin demand.

DOGE is currently surfing a wave of market hope. Its price has increased by 2.2% over the past month; daily charts show a 4.9% gain, and over 14 days, it shows a 3.5% increase. DOGE has demonstrated an impressive 331% increase since December 2023, while recent price dips of 5.2% over the past week point to potential investor profit-taking.

Bitcoin’s recovery from the $100,000 level has also helped DOGE’s surge. Anticipating that his pro-crypto policies would help the industry even more, market players aligned before his January 20, 2025, inauguration.

Under Trump’s Direction, Could DOGE Reach $5?

With DOGE a major benefactor, the expectation of Trump’s presidency has generated an optimistic attitude toward cryptocurrencies. Trump’s pro-business and crypto-friendly posture has market players excited that DOGE might flourish in these suitable surroundings.

Still, it is difficult to attain the sought-after $5 mark. CoinCodex projects DOGE trading at $0.38 before January 20, 2025, reflecting a decrease of 7.32% from its present levels. Notwithstanding this, analysts predict DOGE will pick up steam by March 2025 and hit a fresh all-time high of $1.01. Reaching this mark would show a 146.34% rise.

Although DOGE might see a temporary increase, analysts project a long-term increase to $5, which is less hopeful and could take until 2030. DOGE might provide a different speed of growth for investors looking for quicker and more significant returns.

Rexas Finance: Accelerated Potential of a $0.15 Competitor

Although DOGE is well-known for its memecoin character, Rexas Finance (RXS) is a strong rival with a clear purpose for application. Positioned as a trailblazing venue for Real World Asset (RWA) tokenization, Rexas Finance uses blockchain technology to streamline asset-backed token creation, administration, and trading. Its straightforward approach seeks to democratize asset ownership, improve transaction openness, and simplify asset management.

Rexas Finance has already set excellent records through its presale events, with sales exceeding 350 million tokens and $28,668,332. Currently, in Stage 10, RXS tokens cost $0.15—a 400% rise from the first presale rate. Investors are keen to seize the last presale stage, where tokens will be priced at $0.175. This stage is 92.18% sold out.

Offering Stage 10 investors a 50% gain even before exchange trading starts, the project intends to launch RXS on main markets at $0.20 in early 2025. For investors looking for quick profits, analysts estimate RXS to be worth $5 significantly sooner than DOGE.

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For current Stage 10 investors, a post-listing surge could result in up to 3233% returns, surpassing DOGE’s plodding march to $5. Strong market demand, creative ideas for RWA tokenization, and Rexas Finance’s solid foundations fuel this faster expansion possibility.

Through strategic benchmarks and its creative platform, Rexas Finance has drawn investor attention. The initiative has obtained listings on CoinGecko and CoinMarketCap, giving potential investors openness and access. Furthermore, its Certik audit approval proves the dependability and security of its blockchain architecture.

The Rexas millionaire giveaway, with a prize pool of 1,000,000 RXS tokens and 20 winners receiving $50,000 worth of tokens, is a notable effort that inspires involvement. These advances show the project’s initiative to create a vibrant community and guarantee investor confidence.

The possibility of Dogecoin reaching $5 depends on long-term market dynamics and ongoing backing from influential people like Elon Musk. DOGE is still a cultural symbol with excellent market penetration, but its gradual development path could discourage investors looking for quick profits.

On the other hand, Rexas Finance makes an interesting investment argument. Its creative approach to RWA tokenization, effective presale performance, and excellent growth potential make it a possible challenger to surpass the $5 milestone far before DOGE. Rexas Finance presents a chance for investors seeking quick and significant profits to ride the tide of blockchain-driven asset management change.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

12/21 update below. This post was originally published on December 20

Bitcoin has fallen sharply, dropping along with stock markets after the Federal Reserve warned inflation remained sticky and BlackRock spooked the market.

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The bitcoin price has plummeted toward $90,000 per bitcoin, dragging the wider crypto market lower and wiping away around $500 billion worth of value from the $3.2 trillion crypto market.

Bitcoin’s drop of around 10% in the last 24 hours was dwarfed by ethereum and smaller, top ten cryptocurrencies—including solana and dogecoin—that crashed back by between 15% and 25%.

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ForbesBlackRock Just Quietly Confirmed A Devastating Bitcoin Price BombshellBy Billy Bambrough

This week, Federal Reserve chair Jerome Powell disappointed traders when he warned interest rates would not come down as quickly as the Fed had previously thought, reducing its planned number of cuts to just two in 2025, from four previously.

12/21 update: The bitcoin price has bounced back, climbing to within touching distance of $100,000 per bitcoin after the latest inflation data from the personal consumption expenditure (PCE) index showed a smaller than expected rise of 2.4% rise in November, just below the 2.5% estimate of economists polled by Reuters.

Other major cryptocurrencies that had crashed lower, including ethereum, Ripple’s XRP and dogecoin, also rebounded, with the combined market recovering around $300 billion of value as traders increase their bets on Federal Reserve interest rate cuts next year.

Meanwhile, Cathie Wood, the founder of the Ark Investment Management hedge fund, reiterated her bullish bitcoin price prediction in a Bloomberg interview, forecasting that the bitcoin price will top $1 million by 2030—something that would give bitcoin a market capitalization of around $20 trillion.

“[Bitcoin] is becoming even more scarce than gold,” Wood said. “The difference between gold and bitcoin is, when the gold price goes up, as it has, production goes up, the rate of increase in the supply goes up—that can not happen with bitcoin.”

Over the next few weeks, bitcoin and crypto market watchers expect the bitcoin price to remain prone to wild swings.

“In terms of what is coming over the holiday period, the first rule of bitcoin is that it is always volatile in the same way water is always wet,” James Toledano, chief operating officer at Unity Wallet, said in emailed comments.

“It’s behavior is always mixed and there is zero discernible pattern at the end of the year and going into the next. Sometimes the price rises in the new year and at other times it falls. So, historically, we can say that bitcoin exhibits typically mixed behavior over Christmas and New Year,” Toledano added, pointing to incoming U.S. president Donald Trump’s January 20 inauguration as an important date to watch for the bitcoin and crypto market.

“Comments from the Federal Reserve were a wake-up call,” Danni Hewson, AJ Bell’s head of financial analysis, said in emailed comments.

“Inflation is proving sticky and tax cuts and tariffs could be a recipe for reflation. “Risk appetite has been pared back. Trump 2.0 is a known unknown and no one wants to be overexposed if the climate proves inhospitable.”

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ForbesThe Fed’s ‘Biggest Nightmare’ Is Suddenly Coming True As Bitcoin Price SurgesBy Billy Bambrough

Meanwhile, bitcoin price and crypto market watchers have warned of further volatility ahead.

“Expect to see volatility levels for both ethereum and bitcoin increase as we head into early 2025, particularly around the settlement of the December 27, 2025 expiry,” Nick Forster, founder of decentralized finance (DeFi) protocol Derive, said in emailed comments, but adding he expects the bitcoin price and wider crypto market to recover through 2025.

“We’re observing a trend where funds and high net-worth individuals are moving into options with longer expiries, like those set for September and beyond, reflecting a positive outlook for 2025. This shift is evident from the open interest in calls significantly outnumbering puts on Derive.xyz, signaling strong market optimism.”

Most of the coins have returned to the green zone, according to CoinStats.

DOGE/USD

The rate of DOGE has risen by 25.6% since yesterday.

Despite today’s sharp rise, the price of DOGE is looking bearish on the hourly chart. The rate is falling after a false breakout of the resistance of $0.3487.

Related

If the correction continues, traders may expect a test of the support level by tomorrow.

On the bigger time frame, the bar is about to close with a long wick, which is a bearish signal. If the situation does not change by the end of the day, one can expect a test of the $0.28-$0.30 area soon.

From the midterm point of view, traders should pay attention to the candle closure in terms of the $0.2724 level. If it happens far from it, a further decline might be postponed.

DOGE is trading at $0.3252 at press time.

Popular blockchain tracking platform Whale Alert, which monitors large cryptocurrency transfers, has spotted several impressive crypto transactions that carried close to 190 million XRP. Two-thirds of this amount of coins were shoveled between anonymous wallets.

Meanwhile, the XRP price has rebounded, soaring by roughly 21% over the past 24 hours.

182 million XRP moved anonymously

Whale Alert spotted three large transfers that moved almost 183 million XRP. The largest one carried 99,999,977 XRP worth $222,109,105, and the other two comprised 52,765,919 XRP (valued at $118,291,144) and 30,000,000 XRP (worth $70,897,571). In total, the fiat equivalent of the transferred crypto batch amounted to approximately $411.1 million.

The smallest transaction was made from the Uphold exchange to an anonymous wallet. The other two XRP chunks were shoveled between unknown blockchain addresses.

Data from the XRP-focused explorer Bithomp shows that the 99.9 million XRP transfer was made from a wallet affiliated with the Ripple blockchain behemoth to an address also distantly related to Ripple.

As reported by U.Today, earlier this week, the crypto juggernaut Ripple already transferred approximately half a billion U.S. dollars worth of XRP, sending part of it to the world’s largest exchange Binance.

The reaction of the XRP community was mixed. While some believe that this could perhaps be an OTC (over-the-counter) sale, others are certain that an anonymous whale has bought the recent dip as the XRP price plummeted hard on Friday, following Bitcoin.

Related

XRP price performance

Over the last 24 hours, the fourth largest cryptocurrency XRP has seen an approximately 21.48% recovery following yesterday’s massive price plunge.

Today, having reached a local high of $2.37 per coin, XRP experienced a small drawdown, dropping 3.27%. As of this writing, XRP is changing hands at $2.30. The coin’s trajectory has been closely following that of Bitcoin, which fell by 5.23%, going below $93,000 on Friday and has managed to gain 6.26% by now, trading at $98,441 at the moment.

This week, the Ripple giant has also officially launched its new product — the RLUSD stablecoin pegged to the U.S. dollar and backed by dollars, U.S. Treasuries and cash equivalents. The company is now competing with such giants as Tether (USDT) and Circle (USDC) in the $160 billion market of stablecoins, which is projected to soar to $3 trillion by 2028.

An influential market analyst has identified a promising technical signal that may lead Solana (SOL) to an unforeseen upward trajectory. This observation suggests a significant price increase, potentially driving Solana’s value to a remarkable £300 in the near future.

Solana, often highlighted for its swift transaction capabilities and robust blockchain network, has attracted increased attention within the cryptocurrency community. Recently, analysts have closely monitored its charts for patterns indicating potential price movements.

The analyst’s scrutiny reveals a technical pattern on Solana’s price chart that implies a bullish trend is forming. This pattern, often used by seasoned investors, suggests that Solana could experience a considerable price hike, reaching the ambitious £300 mark. Such movements would more than double the current valuation of the cryptocurrency, making it an attractive prospect for investors seeking high returns in a volatile market.

The coin’s underlying technology and recent developmental strides have reinforced confidence among analysts that such a bullish momentum is not only possible but imminent. Trading volume and investor interest are key metrics that cement the anticipation of such a significant price leap.

Cryptocurrency enthusiasts are encouraged to keep a close watch on emerging trends and indicators to capitalise on potential opportunities. The expected surge represents both a significant opportunity and a risk, as the market is known for its rapid fluctuations and unpredictability. With these observations, Solana’s future continues to spark conversations in trading arenas worldwide.

Will Solana’s Meteoric Rise Hit £300? Predictions and Advice for 2025

As Solana continues to capture the spotlight with its potential for high returns, investors are keen to explore the latest predictions and advice regarding its future, especially in the volatile cryptocurrency landscape. The allure of Solana’s swift transaction capabilities and robust blockchain network remains strong, but what lies ahead in 2025?

Cryptocurrency Rate Predictions for 2025

Expert predictions for Solana suggest that as the cryptocurrency market matures, we could witness rates climbing significantly, potentially reaching or even surpassing the ambitious £300 mark. This prediction is bolstered by current technical signals on its price charts. An influential market analyst has highlighted these patterns, indicating a bullish trend that could propel Solana to new heights. Such forecasts underscore Solana’s compelling potential for substantial growth within the next few years.

Investment Risk: Balancing Opportunities and Challenges

Investing in cryptocurrencies like Solana undoubtedly offers remarkable opportunities, yet it is not without its risks. The crypto market is famously unpredictable, with prices that can swing wildly in short periods. Potential investors should carefully consider their risk tolerance and the broader market context before diving into such investments. Always remember that while the possibility of high returns exists, so do the risks of significant losses.

Pros and Cons of Investing in Solana

# Pros:
– Innovative Technology: Solana’s blockchain technology is celebrated for its quick transaction times and scalable architecture, making it a contender to solve some of the problems that Bitcoin and Ethereum currently face.
– Growing Ecosystem: The increasing number of projects building on Solana adds value and makes it attractive for long-term investment.
– Strong Community Support: The committed base of developers and enthusiasts enhances Solana’s overall growth prospects.

# Cons:
– Market Volatility: Like all cryptocurrencies, Solana is subject to market volatility, and its price can fluctuate dramatically.
– Regulatory Uncertainty: The crypto space is under increasing scrutiny from regulators worldwide, which could impact its growth trajectory.

Controversies Surrounding Solana

While Solana has captured attention due to its technological prowess, it has not been without controversies. Critics often cite concerns about decentralisation, as the network’s governance can favour early adopters or those with significant holdings. Additionally, past network outages have raised questions about its stability and resilience.

Despite these concerns, Solana continues to draw interest from investors and developers alike, highlighting its potential to influence the future of blockchain technology.

As we look towards 2025, the conversation around Solana’s role in the cryptocurrency world will undoubtedly evolve. Investors need to stay informed about trends and regulatory developments to make well-informed decisions.

For those considering an investment in Solana or any cryptocurrency, staying updated with reliable sources is crucial. Platforms such as Cointelegraph and CoinDesk offer valuable insights and news that can inform your investment strategies.

Essentially, BTC and crypto prices are down because of two reasons. First, the US Dollar moved strongly higher, pushing markets and crypto lower. Second, Bitcoin’s 3-month cycle suggested a local top on December 19th.

While it’s no fun to see the price of Bitcoin drop 12% in 72 hours, it was an inevitable situation.

Here are the 2 reasons why the price of Bitcoin is dropping, and why crypto prices are down. Moreover, there is a psychological effect ($100k) at play which we explain as well.

Long term, we remain bullish as explained in our latest Bitcoin price prediction research. Short term, BTC is clearly vulnerable as the BTC price drop started right at an important point in Bitcoin’s 3-month cycle (see below).

Bitcoin price down: It’s the 3-month cycle

The price of Bitcoin hit a local top on December 18th, one day before December 19th.

Why do we emphasize December 19th?

Because it was expected to be a local top in this current 3-month cycle.

RELATED – 15 crypto forecasts for 2025

As seen below, when looking at the price of Bitcoin through the lens of 3-month cycles, there are some important observations:

• The price of BTC started rising on the 10th of October. See yellow arrow. That’s 10 days into the 3-month cycle.
• History has shown that 3-month cycles tend to have symmetric dynamics, certainly when there are strong trends.
• Consequently, the uptrend within this 3-month cycle was expected to end 10 days before the end of the cycle. With X-mas, our calculation suggested a local top on December 19th.

The chart featuring the BTC price drop says it all.

This was the first sentence of our premium crypto research alert sent to premium members on Dec 10th:

As said multiples times in recent weeks, the time window Dec 9th – 19th would likely provide resistance for crypto markets; a local top in BTC was the predicted outcome.

The 3-month cycle chart, one of the 7 BTC chart variations we track for our members, had the answer.

USD up, Bitcoin price down

The second reason why the Bitcoin price is down has to do with USD strength.

As seen on the next chart, the USD rose sharply in recent days, following the FOMC rate decision:

US Federal Reserve Rate Cut: Powell caution about ‘further cuts’ sent stocks diving

The USD chart broke out yesterday, clearing its important 50% Fibonacci level. That’s too much strength for BTC to stay strong. A Bitcoin price drop combined with a broad crypto market drop is the expected outcome.

Bitcoin down after hitting a psychological level

Another aspect that plays an important role is the importance of the $100,000 level.

It’s a psychologically very, very important level.

In fact, the $100k level is the point from where accelerated moves start, in both directions.

While BTC was rising, well above $100k, it is fair to expect that market volatility will result in the opposite effect.

Whatever happens around psychologically important levels is amplified – both a BTC price rise and a Bitcoin price drop are both strong around a critical level like $100k.

It will take a little longer before BTC decisively takes out $100k. That’s not a bad thing though, as the recent rally was a little too steep and obvious, leaving too many bulls in the arena; that’s not a recipe for a sustained move higher.

What’s next for Bitcoin?

While it insightful to understand what happened in the past (“Bitcoin price dropping – what happened“), it is more important to understand what it means for the future.

What’s next for Bitcoin?

Frankly, we believe holiday season will be choppy for BTC and crypto markets.

• No, we are not predicting a crash.
• But also no bullish continuation.

Bitcoin, similar to altcoins, need to digest, the recent rise.

Moreover, crypto markets are increasingly bifurcated. Look at memes, for instance, they were the first to rise but also the first to decline. Rotation within the crypto space is epic. We expect more of the same going forward.

This is how we are guiding our premium members on ‘what’s next for crypto markets‘ (source: latest premium alert shared on Dec 15th):

We believe that a pullback is a higher probability outcome, and we can track Bitcoin Cash (BCH) + Litecoin (LTC) combined with BTC trends to know for sure. In case BCH + LTC move above their 50% Fib levels, respectively $580 and $130, we will know for sure that bullish momentum will be returning.

We wrote this several days ago, well before the drop. BCH + LTC are well their 50% Fib levels now; they started falling below their 50% Fib and key trendlines since December 17th.

By the way, why are we focused on BCH + LTC? Not because they are an foundational element of our methodology but because Bitcoin is outperforming crypto markets lately which implies that Bitcoin forks, Bitcoin ecosystem tokens and BRC20 tokens need to confirm bullish momentum in crypto markets. They didn’t; consequently, there was no bullish momentum. That’s why we had a defensive stance since Dec 9th.

Whether January will be a strong month or a ‘buy the dip’ month is something we are analyzing right now, based on timeline and cycle analysis.

If anything, Bitcoin seasonality suggests that February is a great month for BTC, so January might be a BUY THE DIP month: Bitcoin Seasonality Charts: Buy The Dip Underway?

Read our recent premium alerts in the restricted research area:

We will guide our premium members towards the next BUY THE DIP opportunity.

Notable market analyst Dima James Potts believes Dogecoin will surge to a double-digit figure this bull cycle, providing the timeline for its realization.

Dogecoin has shown strong recovery signs after a substantial correction yesterday. The doggy-themed meme coin bounced from an over six-week low of $0.26216 on Dec. 20, closing above $0.31000.

Furthermore, DOGE has continued its bullish momentum today, appreciating over 8% at press time to $0.345. Amid the bounce, a notable analyst, Dima James Potts, has provided his Dogecoin price target for this cycle.

Analyst Says $10 is Dogecoin’s Minimum Price Target

Potts acknowledged the crypto market’s cyclical paradigm, noting that Bitcoin and major digital assets tend to trounce their previous cycle’s highs in the fourth year of each bull run. With the analogy, the analyst predicted that Dogecoin would soon surpass its all-time high of $0.73995.

Furthermore, Potts stated that Dogecoin has outperformed its third-year performance in the last two bull cycles. For context, Dogecoin surged 72.37% in 2016 and 114.86% in 2020 but has appreciated by an impressive 282.67% this year.

Meanwhile, the commentary shows the analyst expects Dogecoin to close at around $0.31 this year before pushing to at least $10 next year. Notably, $10 is Potts’ base case prediction for 2025, as his chart shows the meme coin can reach $80 per coin, an extremely ambitious target.

Timeline for Dogecoin to $10

Concurrently, Potts provided a timeline for Dogecoin to reach the $10 target. According to his tweet today, the leading meme coin will attain this price level between February 11 and May 7, 2025.

The analyst suggested that Bitcoin might see multiple cycle tops next year. However, Dogecoin will peak on the premier asset’s first top within the date range.

Meanwhile, Potts speculated that growing adoption and technological advancement will drive Dogecoin’s rally next year. Notably, the seventh-largest cryptocurrency by market cap gained traction in November, as the establishment of the D.O.G.E. (Department of Government Efficiency) spurred attention.

Other Dogecoin to $10 Predictions

Additionally, Potts is not the only analyst speculating a Dogecoin surge to $10; other analysts have made similar calls. For instance, seasoned market analyst Ali Marinez asserted that Dogecoin will hit $10, citing a rally to the tip of its ascending triangle.

Meanwhile, Changelly and ChatGPT also predicted that Dogecoin will reach $10. The trading platform predicted that the meme coin would do so in 2040, while the AI bot expects this to happen between 2029 and 2034.