Dogecoin Price Prediction: Analyst Says Massive Parabolic Run Is Coming, Here's The Goal

Crypto analyst Javon Marks has predicted that the Dogecoin price will soon witness a parabolic run. This prediction follows his evaluation of the meme coin’s historical performance, which he claimed could lead on to a price rally of over 400%.

Dogecoin Price To Reach All-Time High Soon Enough

Marks predicted in an X post that the Dogecoin price could reach its current all-time high (ATH) of $0.73 because it enjoys a fast 431% rally from its current price. The analyst noted that this price prediction was based on the meme coin’s price and past performances in previous cycles. In step with this, Marks believes that DOGE may very well be within the early stages of one other parabolic run.

Source: X

Based on Marks’ evaluation, the Dogecoin price’s rally to its current ATH will likely be the beginning of its bull run on this cycle. The analyst predicts that the foremost will rise beyond the $0.7 price level and reach as high as $3. This isn’t the primary time Javon Marks has predicted that DOGE could enjoy such an enormous rally.

The analyst previously predicted that Dogecoin could enjoy a 21,700% rise to $17 based on its bull market trend. He noted that Dogecoin has at all times enjoyed larger price gains in every successive market cycle. As such, he doesn’t expect this time to be different, with DOGE topping its last cycle’s gains on this bull run.

Crypto analyst Dima James also recently echoed an analogous sentiment, asserting that DOGE will surpass its previous gains within the last two cycles and outperform Bitcoin in the method. James also believes the Dogecoin price could reach double digits with a price goal of $10 on this market cycle.

Dogecoin Rallies Again Thanks To Elon Musk

The Dogecoin price has increased by over 7% within the last 24 hours. This price rally followed Elon Musk’s appearance at a Pennslyvania town hall, where he discussed his plans for the proposed ‘Department of Government Efficiency’ (D.O.G.E).

DOGE continues to react positively to Musk’s mention of the D.O.G.E department due to world’s richest man’s ties to the meme coin. Dogecoin had also rallied by over 7% on October 16 following Musk’s mention of the D.O.G.E department in an X post.

Meanwhile, because of essentially the most recent rally, DOGE reached its highest level since late July, sparking optimism that it’s time for the meme coin to make its run on this market cycle. The foremost meme coin has up to now underperformed in comparison with other top meme coins like Pepe (PEPE) and Dogwifhat (WIF).

On the time of writing, the Dogecoin price is trading at around $0.13, up within the last 24 hours, in accordance with data from CoinMarketCap.