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Dogecoin (DOGE) has experienced a 46% drop from its yearly high, yet an analyst maintains a bullish outlook, predicting a rise to $10 between February 11 and May 7, 2025. Following a recent crash, DOGE rebounded with a 33% surge, reflecting historical patterns in its price cycles, particularly in relation to Bitcoin. As the market evolves, traders are likely to focus on DOGE's potential for significant gains in the coming months.
Analyst Dima James Potts predicts Dogecoin will reach a minimum price of $10 by 2025, with a timeline set between February 11 and May 7. He notes that Dogecoin has shown strong recovery and outperformed previous cycles, driven by growing adoption and technological advancements. Other analysts, including Ali Marinez, share similar bullish forecasts for the meme coin.
XRP is gaining momentum following Ripple's new New York License for its stablecoin, RLUSD. Meanwhile, Dogecoin is in its third cycle, with analysts predicting a potential price target of $1.50 by January 2025, contingent on historical patterns. However, reaching $10 would require significant market changes, as it would necessitate a market cap exceeding $1.37 trillion, presenting both bullish catalysts and substantial risks.
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