{"id":637954,"date":"2024-08-27T10:00:36","date_gmt":"2024-08-27T10:00:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=637954"},"modified":"2024-08-27T05:48:10","modified_gmt":"2024-08-27T05:48:10","slug":"dogecoin-will-history-repeat-itself-what-this-3-year-pattern-means","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin-will-history-repeat-itself-what-this-3-year-pattern-means\/","title":{"rendered":"Dogecoin: Will History Repeat Itself? What This 3-Year Pattern Means"},"content":{"rendered":"

One of the favorite meme coins has again been in the headlines. Recent price action suggests that Dogecoin<\/a> might probably be bottoming as it sets itself in for what could turn out to be a big bull run.<\/p>\n

This has market observers looking toward some specific technicals that have signaled price surges in recent weeks. These indicators, marked through green and red lines, are currently penetrating, which raise hopes that the rally could start from the first week of September.<\/p>\n

Related Reading: Solana\u2019s Popcat Balloons 96% In A Week \u2013 The New Token To Watch?<\/a><\/div>\n

There are also reasons for optimism stemming from the cyclic nature of Dogecoin’s price rise. Recently, analysts have noted that DOGE has a sharp hike in price each three years.<\/p>\n

\n

$DOGE<\/a> $10+ DOGECOIN?!<\/p>\n

Recent weeks price action has established a bottom for #DOGECOIN<\/a>. Historically, bull runs begins when the green and red lines intersect, leading to a price surge in the following weeks. I anticipate a similar pattern this cycle, potentially starting as\u2026 pic.twitter.com\/7JkYs7rUDn<\/a><\/p>\n

\u2014 \u00d0ima James Potts (@DimaPotts36) August 26, 2024<\/a><\/p><\/blockquote>\n

In the first cycle, which started in 2016, Dogecoin’s price hiked 1.5 times at the end of the year. The second cycle, which began in 2020, saw that price multiply 2.5 times. If the same cycle continues, then experts say DOGE may finish off 2024 at nearly $0.31, over 3.5 times higher than where it is starting out at $0.09051.<\/p>\n

\"\"<\/p>\n

Social Media Buzz And Musk’s Influence<\/h2>\n

Dogecoin is surging with the rise in price, and so is the ongoing social media buzz. DOGE has been trending on X for some days now. The development is partly occasioned by a recent tweet from Elon Musk, the Chief Executive Officer of SpaceX and Tesla.<\/p>\n

\n

I am willing to serve pic.twitter.com\/BJhGbcA2e0<\/a><\/p>\n

\u2014 Elon Musk (@elonmusk) August 20, 2024<\/a><\/p><\/blockquote>\n

\"\"<\/p>\n

In these regards, however, not everyone might be convinced that the momentum now surrounding Dogecoin will follow through. Some analysts do point out that while Dogecoin has made huge leaps \u2014 including amassing a market capitalization of over $90 billion \u2014 its inflationary supply status and weakening cultural importance may weaken its hold on the meme coin market at a later date.<\/p>\n

The speculations continue to rise that a new meme coin could take the lead over Dogecoin in this cycle. Combined market capitalization for DOGE and SHIB, according to CoinGecko, now makes up only 57% of the total market capitalization of all meme coins, which is well retracted from its highs.<\/p>\n

\"\"
DOGE market cap currently at $15 billion. Chart: TradingView.com<\/a><\/figcaption><\/figure>\n

2025: The Wild Card Year?<\/h2>\n

Looking ahead, 2025 might be an important year for Dogecoin. Historically speaking, the fourth year of the cycle has been when DOGE saw the most substantial price increases. In 2017, during the first cycle, Dogecoin’s price went up as much as 9,000%. The second cycle in 2021 was even more outrageous: an 18,000% increase. If this were to hold good, then 2025 would promise to be a real roller coaster for investors.<\/p>\n

Yet, if these projections sound a bit too bold, it has to be remembered that past performance is not a guarantee of future results. Be that as it may, the cyclical analysis indeed provides an intriguing framework, but the market for meme coins is notoriously volatile and unpredictable.<\/p>\n

Related Reading: NEAR: Network Upgrade Gives Token 23% Price Boost \u2013 Details<\/a><\/div>\n

Bearish Sentiment And The Road Ahead<\/h3>\n

Interestingly, while some analysts are predicting a bullish future for the cryptocurrency, others are more conservative. According to CoinCodex, the current sentiment is bearish<\/a>, with Dogecoin expected to drop 3.84% and reach $0.090315 by September 25, 2024. The Fear & Greed Index currently reads 55, which suggests that investors are leaning toward optimism but with caution.<\/p>\n

\"\"
Source: CoinCodex<\/a><\/figcaption><\/figure>\n

The future of Dogecoin is as unexpected as its meme-generated beginning. With its large base and going toe-to-toe with Elon Musk in its visibility, market conditions depend on many things that range from global economic factors to the mood of online communities. As 2025 draws near, one thing is for sure: this will be one wild ride for DOGE.<\/p>\n

Featured image from Vietnam Insider, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

One of the favorite meme coins has again been in the headlines. Recent price action suggests that Dogecoin might probably be bottoming as it sets itself in for what could turn out to be a big bull run. This has market observers looking toward some specific technicals that have signaled price surges in recent weeks. These indicators, marked through green and red lines, are currently penetrating, which raise hopes that the rally could start from the first week of September. Related Reading: Solana\u2019s Popcat Balloons 96% In A Week \u2013 The New Token To Watch? There are also reasons for optimism stemming from the cyclic nature of Dogecoin’s price rise. Recently, analysts have noted that DOGE has a sharp hike in price each three years. $DOGE $10+ DOGECOIN?! Recent weeks price action has established a bottom for #DOGECOIN. Historically, bull runs begins when the green and red lines intersect, leading to a price surge in the following weeks. I anticipate a similar pattern this cycle, potentially starting as\u2026 pic.twitter.com\/7JkYs7rUDn \u2014 \u00d0ima James Potts (@DimaPotts36) August 26, 2024 In the first cycle, which started in 2016, Dogecoin’s price hiked 1.5 times at the end of the year. The second cycle, which began in 2020, saw that price multiply 2.5 times. If the same cycle continues, then experts say DOGE may finish off 2024 at nearly $0.31, over 3.5 times higher than where it is starting out at $0.09051. Social Media Buzz And Musk’s Influence Dogecoin is surging with the rise in price, and so is the ongoing social media buzz. DOGE has been trending on X for some days now. The development is partly occasioned by a recent tweet from Elon Musk, the Chief Executive Officer of SpaceX and Tesla. I am willing to serve pic.twitter.com\/BJhGbcA2e0 \u2014 Elon Musk (@elonmusk) August 20, 2024 In these regards, however, not everyone might be convinced that the momentum now surrounding Dogecoin will follow through. Some analysts do point out that while Dogecoin has made huge leaps \u2014 including amassing a market capitalization of over $90 billion \u2014 its inflationary supply status and weakening cultural importance may weaken its hold on the meme coin market at a later date. The speculations continue to rise that a new meme coin could take the lead over Dogecoin in this cycle. Combined market capitalization for DOGE and SHIB, according to CoinGecko, now makes up only 57% of the total market capitalization of all meme coins, which is well retracted from its highs. 2025: The Wild Card Year? Looking ahead, 2025 might be an important year for Dogecoin. Historically speaking, the fourth year of the cycle has been when DOGE saw the most substantial price increases. In 2017, during the first cycle, Dogecoin’s price went up as much as 9,000%. The second cycle in 2021 was even more outrageous: an 18,000% increase. If this were to hold good, then 2025 would promise to be a real roller coaster for investors. Yet, if these projections sound a bit too bold, it has to be remembered that past performance is not a guarantee of future results. Be that as it may, the cyclical analysis indeed provides an intriguing framework, but the market for meme coins is notoriously volatile and unpredictable. Related Reading: NEAR: Network Upgrade Gives Token 23% Price Boost \u2013 Details Bearish Sentiment And The Road Ahead Interestingly, while some analysts are predicting a bullish future for the cryptocurrency, others are more conservative. According to CoinCodex, the current sentiment is bearish, with Dogecoin expected to drop 3.84% and reach $0.090315 by September 25, 2024. The Fear & Greed Index currently reads 55, which suggests that investors are leaning toward optimism but with caution. The future of Dogecoin is as unexpected as its meme-generated beginning. With its large base and going toe-to-toe with Elon Musk in its visibility, market conditions depend on many things that range from global economic factors to the mood of online communities. As 2025 draws near, one thing is for sure: this will be one wild ride for DOGE. Featured image from Vietnam Insider, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":637962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,1785,7,8375,83767],"class_list":["post-637954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-doge","tag-dogecoin","tag-elon-musk","tag-meme-coins"],"acf":[],"yoast_head":"\nDogecoin: Will History Repeat? 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin: Will History Repeat Itself? 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