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Renowned crypto analyst Cephii predicts a potential 1,100% surge for Dogecoin, drawing parallels to its performance following President Biden's inauguration in 2021. If history repeats, Dogecoin could rise from $0.3441 to $4.1532 after Trump's inauguration in January 2025, boosting its market cap significantly.Market observers have also forecasted similar price targets, with some expecting Dogecoin to reach around $4 this cycle. Trump's presidency is anticipated to positively impact the crypto market, with pro-crypto appointments and promises that could enhance Dogecoin's performance.
Dogecoin whales have accumulated 270 million DOGE, valued at approximately $90.4 million, signaling potential price recovery after a significant downturn. Following a 34% drop, DOGE has bounced back 27% to $0.33317, with analysts suggesting the recent correction may set the stage for a larger rally, targeting as high as $18.
Market analyst Javier Santini predicts that Dogecoin could surge to $4 within a week following its current correction phase, which he describes as a normal market cycle. Historical trends since 2017 suggest that mid-cool-off periods last about a month, and Santini believes a significant rally is imminent. Other experts, like @Degengambleh, also support this optimistic outlook, citing strong accumulation patterns that could bolster Dogecoin's price.
Javier Santini
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