Analysis of Dogecoin's Growth Cycle in 2017 and 2021

Blotienso · 2024-12-05T02:32:07+00:00

1. Uptrend cycle in 2017:• Early 2017: Dogecoin price is around $0.00023.• Peak in January 2018 (after uptrend): Price reached about $0.017.• Growth: 74 times.2. 2021 Uptrend Cycle:• Early 2021: Dogecoin price is about $0.0045.• Peak in May 2021: Price reached around $0.73.• Growth: 162 times.PREDICTING THE GROWTH CYCLE OF DOGECOIN IN THIS CYCLE (2024-2025)Influencing factors:1. The current market position:• Dogecoin is no longer just a “meme coin”, but has been more widely accepted (Tesla, X/Twitter…).• However, the level of FOMO has decreased compared to 2021 as the market has become more mature.2. Community & applications:• The Dogecoin community is still strong, but the ability to create fomo effects as before is lower.3. Market Overview:• The growth cycle of 2024-2025 is expected to be led by Bitcoin. Altcoins like Dogecoin will rise, but it will be difficult to achieve the explosive growth as before.Prediction:• Current price (December 2024): Approximately $0.05.• Expected price in this cycle: Dogecoin could reach $0.5 - $1.• Expected growth: - 10 times (cautious case)- 20 times (optimistic case).Summary:• 2017 Cycle: Increased 74 times.• Cycle 2021: Increase 162 times.• Cycle 2024-2025: Predicted to increase by 10-20 times, depending on market strength and FOMO factor.If you are investing, please consider the risks and closely monitor the market situation.

Blotienso

2024-12-05 02:32:07

Abstract generation in progress

Uptrend cycle in 2017: • Early 2017: Dogecoin price is around $0.00023. • Peak in January 2018 (after uptrend): Price reached about $0.017. • Growth: 74 times.
2021 Uptrend Cycle: • Early 2021: Dogecoin price is about $0.0045. • Peak in May 2021: Price reached around $0.73. • Growth: 162 times. PREDICTING THE GROWTH CYCLE OF DOGECOIN IN THIS CYCLE (2024-2025) Influencing factors:
The current market position: • Dogecoin is no longer just a “meme coin”, but has been more widely accepted (Tesla, X/Twitter…). • However, the level of FOMO has decreased compared to 2021 as the market has become more mature.
Community & applications: • The Dogecoin community is still strong, but the ability to create fomo effects as before is lower.
Market Overview: • The growth cycle of 2024-2025 is expected to be led by Bitcoin. Altcoins like Dogecoin will rise, but it will be difficult to achieve the explosive growth as before. Prediction: • Current price (December 2024): Approximately $0.05. • Expected price in this cycle: Dogecoin could reach $0.5 - $1. • Expected growth:

10 times (cautious case)
20 times (optimistic case). Summary: • 2017 Cycle: Increased 74 times. • Cycle 2021: Increase 162 times. • Cycle 2024-2025: Predicted to increase by 10-20 times, depending on market strength and FOMO factor. If you are investing, please consider the risks and closely monitor the market situation.

DOGE2.63%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes