{"id":646032,"date":"2024-10-03T09:30:14","date_gmt":"2024-10-03T09:30:14","guid":{"rendered":"https:\/\/wncen.com\/?p=646032"},"modified":"2024-10-03T05:50:09","modified_gmt":"2024-10-03T05:50:09","slug":"dogecoin-at-10-thesis-doge-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-at-10-thesis-doge-price\/","title":{"rendered":"Dogecoin At $10 Thesis: What Each Breakout Cycle Says About The DOGE Price"},"content":{"rendered":"

The Dogecoin price reaching as high as $10 has long been anticipated by the DOGE community<\/a> who have remained loyal to the meme coin despite various crashes that have rocked the price. Even with Dogecoin sitting more than 85% below its May 2021 all-time high of $0.73, expectations for the meme coin\u2019s performance are still very high. Given its historical performance, the DOGE price usually gets a window of opportunity for a surge, and it seems like another window is finally opening up.<\/p>\n

The Bullish Thesis For Dogecoin<\/h2>\n

Crypto trader and analyst Dima James Potts took to the X platform to share<\/a> a bullish outlook for the Dogecoin price. The analyst\u2019s forecast takes into account a number of factors, ranging from historical performance to adoption. Nevertheless, the end result remains the same and that is the fact that the DOGE price could be set to surge<\/a>.<\/p>\n

Related Reading: Still Holding Your Hamster Kombat Tokens? You Might Be In For A Nice Surprise Soon<\/a><\/div>\n

Potts compared the current movement of the Dogecoin price to that of 2017 and 2020 to reveal a bullish trend. As the analyst explains, each time, before the Dogecoin price rallied<\/a>, it broke above the white line and then closed the week above it, as shown in the image below:<\/p>\n

Each time this happened, the DOGE price<\/a> went on a parabolic run, and now, once again, the Dogecoin price has broken<\/a> above the white line. This is bullish for the price, according to the analyst, serving as confirmation. However, the second part of this trend is yet to be completed and that is closing the week above the white line. Since the breakout occurred on Sunday, the DOGE price still has the rest of the week to complete this move.<\/p>\n

The breakout is, however, not the only reason that Potts is bullish on the Dogecoin price. He also points to the increased adoption and low price as reasons why the price could rise to new highs. Also, with more technological updates that provide for faster transactions and higher levels of security, the analyst believes that this \u201ccould further bolster Dogecoin’s utility and appeal.\u201d<\/p>\n

\"Dogecoin
Source: X<\/figcaption><\/figure>\n

A Possible 11,000% Surge?<\/h2>\n

Taking into account the previous Dogecoin rallies<\/a> and how they have played out, the analyst pointed out that each rally is more significant than the last. For example, there was a 9,300% surge in 2017 and a 29,000% surge in 2020\/2021. Going by this, the analyst believes that the DOGE price could also see a significant rally this time around.<\/p>\n

Related Reading: Analyst Says Bitcoin Is In The \u2018Final Test\u2019, Here\u2019s Where The BTC Price Is Headed Next<\/a><\/div>\n

The bottom of the rally is place at around 11,167%, which would put the price above $10. Meanwhile, the top of the Dogecoin rally<\/a> in the best case scenario is placed at 40,137%, putting the DOGE price as high as $40.<\/p>\n

\"Dogecoin
DOGE price fails to hold gains from September | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The Dogecoin price reaching as high as $10 has long been anticipated by the DOGE community who have remained loyal to the meme coin despite various crashes that have rocked the price. Even with Dogecoin sitting more than 85% below its May 2021 all-time high of $0.73, expectations for the meme coin\u2019s performance are still very high. Given its historical performance, the DOGE price usually gets a window of opportunity for a surge, and it seems like another window is finally opening up. The Bullish Thesis For Dogecoin Crypto trader and analyst Dima James Potts took to the X platform to share a bullish outlook for the Dogecoin price. The analyst\u2019s forecast takes into account a number of factors, ranging from historical performance to adoption. Nevertheless, the end result remains the same and that is the fact that the DOGE price could be set to surge. Related Reading: Still Holding Your Hamster Kombat Tokens? You Might Be In For A Nice Surprise Soon Potts compared the current movement of the Dogecoin price to that of 2017 and 2020 to reveal a bullish trend. As the analyst explains, each time, before the Dogecoin price rallied, it broke above the white line and then closed the week above it, as shown in the image below: Each time this happened, the DOGE price went on a parabolic run, and now, once again, the Dogecoin price has broken above the white line. This is bullish for the price, according to the analyst, serving as confirmation. However, the second part of this trend is yet to be completed and that is closing the week above the white line. Since the breakout occurred on Sunday, the DOGE price still has the rest of the week to complete this move. The breakout is, however, not the only reason that Potts is bullish on the Dogecoin price. He also points to the increased adoption and low price as reasons why the price could rise to new highs. Also, with more technological updates that provide for faster transactions and higher levels of security, the analyst believes that this \u201ccould further bolster Dogecoin’s utility and appeal.\u201d A Possible 11,000% Surge? Taking into account the previous Dogecoin rallies and how they have played out, the analyst pointed out that each rally is more significant than the last. For example, there was a 9,300% surge in 2017 and a 29,000% surge in 2020\/2021. Going by this, the analyst believes that the DOGE price could also see a significant rally this time around. Related Reading: Analyst Says Bitcoin Is In The \u2018Final Test\u2019, Here\u2019s Where The BTC Price Is Headed Next The bottom of the rally is place at around 11,167%, which would put the price above $10. Meanwhile, the top of the Dogecoin rally in the best case scenario is placed at 40,137%, putting the DOGE price as high as $40. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":646034,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-646032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin At $10 Thesis: What Each Breakout Cycle Says About The DOGE Price<\/title>\n<meta name=\"description\" content=\"The Dogecoin price reaching as high as $10 has long been anticipated by the DOGE community who have remained 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin At $10 Thesis: What Each Breakout Cycle Says About The DOGE Price","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-at-10-thesis-doge-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-at-10-thesis-doge-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Dogecoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Dogecoin.jpeg?fit=1792%2C1024"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","doge","doge news","doge price","dogecoin","dogecoin news","dogecoin price","dogeusd","dogeusdt"],"dateCreated":"2024-10-03T09:30:14Z","datePublished":"2024-10-03T09:30:14Z","dateModified":"2024-10-03T09:30:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin At $10 Thesis: What Each Breakout Cycle Says About The DOGE Price\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-at-10-thesis-doge-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-at-10-thesis-doge-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Dogecoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Dogecoin.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"doge\",\"doge news\",\"doge price\",\"dogecoin\",\"dogecoin news\",\"dogecoin price\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2024-10-03T09:30:14Z\",\"datePublished\":\"2024-10-03T09:30:14Z\",\"dateModified\":\"2024-10-03T09:30:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Dogecoin.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646032"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=646032"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646032\/revisions"}],"predecessor-version":[{"id":646035,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646032\/revisions\/646035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/646034"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=646032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=646032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=646032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}