- Crypto analyst Javon Marks predicts Dogecoin price will witness a parabolic run, potentially reaching $0.73 (its current ATH) with a 431% rally from the current price
- Marks believes this rally could be the start of a larger bull run, with Dogecoin potentially reaching $3 in this market cycle
- Dogecoin’s recent price rally of over 7% in the last 24 hours is attributed to Elon Musk’s mention of his proposed “DOGE” Department of Government Efficiency
Crypto analyst Javon Marks has predicted that Dogecoin will soon see a parabolic price run that could push the price towards new all-time highs (ATH). This comes after analyzing the meme coin‘s historical performance, which he believes could lead to a 400%+ price surge.
Dogecoin Price Prediction
Marks predicts that Dogecoin’s price could quickly rise 431% from its current level to reach its ATH of $0.73. He bases this prediction on the meme coin’s past price action in previous market cycles. According to Marks, Dogecoin could currently be in the early stages of another major parabolic run.
Past Price Predictions
This isn’t the first time Marks has forecasted a massive rally for Dogecoin. He previously predicted Dogecoin could surge 21,700% to $17, based on its bull market trend. Marks noted Dogecoin has seen larger gains in each successive cycle, so he expects this time to be no different, with Dogecoin topping its previous cycle’s gains.
Crypto analyst Dima James also echoed a similar sentiment recently, claiming Dogecoin will outperform Bitcoin by surpassing its previous two cycle gains. James believes Dogecoin’s price could reach double digits, with a potential $10 target this market cycle.
Recent Dogecoin Price Action
The Dogecoin price has risen over 7% in the last 24 hours, rallying after Elon Musk mentioned plans for a “Department of Government Efficiency DOGE” at a town hall. Thanks to this boost, Dogecoin reached its highest price level since late July, sparking optimism that it’s primed for a run in this bull cycle after underperforming other top meme coins so far.
At the time of writing, Dogecoin trades around $0.013, up 7% in the last 24 hours according to CoinMarketCap. The price chart shows signs of building bullish momentum.
Conclusion
Based on optimistic predictions from analysts like Marks and James, Dogecoin could be gearing up for a major parabolic price run in the current cycle. Key levels to watch are the all-time high of $0.73, as well as potential double digit targets above $10 called for by some analysts. If Dogecoin can build on its recent positive momentum, its next stop could be a new ATH.
