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 substantial bearish pressure with Donald Trump officially beginning his second term. Contrary to popular expectations, the crypto market has taken a significant hit, and Dogecoin has not escaped this bearish wave. 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, plummeting by over 30% today alone.
However, market commentators like Dima James Potts believe this bearish sentiment is only a temporary phase. Using historical patterns, Potts linked Dogecoin’s extraordinary price surges to U.S. presidential inaugurations. In particular, he points to past trends as potential indicators that DOGE could surpass $20 during this cycle.
Dogecoin Historical Trends Pointing to Explosive Growth
Analyzing Dogecoin’s weekly chart, Potts highlighted its performance following the last two inaugurations. He noted that during the 2017 cycle, DOGE experienced an impressive 30x price increase after the inauguration. Moreover, in 2021, the meme coin outdid itself with an astounding 80x rally following the event.
These historical performance 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—could elevate its price to an astonishing $20.
Factors Supporting Optimism
Potts argues that Dogecoin could outperform its historical trends during this cycle, citing several factors that lend optimism to the meme coin’s future. Among them are technological advancements and the increasing global institutional adoption of cryptocurrencies. Recent developments have showcased a growing interest from institutional players in the space.
Notably, institutional market maker Wintermute projected that Dogecoin could get an ETF this year. Potts believes this institutional interest in Dogecoin could create the favorable conditions needed for another historic rally, especially in the volatile landscape of the cryptocurrency market.
The Path to $10 and Beyond
With Dogecoin currently trading at $0.3400, a rally to $10 would represent a staggering 3,116% upside for current holders. Meanwhile, a journey to $20 would promise even greater returns, yielding a jaw-dropping 5,778% upside. Interestingly, some analysts are even predicting more explosive price surges for Dogecoin in this cycle, with targets extending up to $30 and $40.
These analysts largely hope that Dogecoin will replicate its impressive price performance from 2017 and 2021. However, these lofty price aspirations would necessitate several trillions of dollars in market cap for Dogecoin—a point critics often raise as a counterargument to the fervent optimism.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
