Can Dogecoin still rise 10 times?

In the world of virtual currencies, everyone knows four major coins: Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and others. In 2023, Dogecoin performed exceptionally well, with its increase surpassing many mainstream coins, even outperforming Ethereum.

In 2023, Dogecoin rose from $0.052 to a peak of $0.48 in 2024, an increase of 923%. Even from $0.1 in August 2024 to its current $0.38, the increase is still significant.

So, how far can Dogecoin go in this bull market? Let's take a look at Dogecoin's past increases:

2017: Dogecoin increased by 212%, then retraced by 40%, and subsequently skyrocketed by 5000%.

2021: Dogecoin increased by 476%, retraced by 56%, and then skyrocketed by 12000%.

2024: Dogecoin increased by 440%, retraced by 46%.

It’s clear that Dogecoin always retraces after a rise, but each time it retraces, it experiences an even larger increase afterward. Therefore, by 2025, as the meme coin sector continues to gain popularity, Dogecoin may see an even larger rise.

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