CandleFocus Here’s How High Dogecoin Can Rise If DOGE Surges Like It Did After 2020 Bitcoin Halving
2025-01-11
Author: Content Editor
This article discusses the potential price of Dogecoin in the upcoming bull market cycle, based on its historical performance after the 2020 Bitcoin halving. Dogecoin has gained popularity as the original meme coin and also benefits from the backing of Elon Musk. The article tracks the price movements of Dogecoin and Bitcoin since the 2020 halving, noting that Dogecoin experienced significant gains, reaching an all-time high of $0.7376 in May 2021, representing a 30,429% increase from its halving-day low. The article speculates whether Dogecoin can replicate this gain in the current cycle, considering that it has already surged by 113% from its post-halving low. While some analysts have speculated a price target of $48, reaching this level would result in a market cap of over $7 trillion, which is considered highly speculative.
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