Digital currency analyst Javon Marks predicts that DOGE could reach $20 in this cycle, experiencing over 306-fold increase. Based on his technical analysis, DOGE has shown significant growth in previous bullish trends. In 2017, DOGE grew by 90 times, and in 2021, this growth reached over 306 times. Marks predicts that DOGE might see such growth again and its price could reach over $20. However, achieving this price requires a significant increase in market value. Currently, DOGE’s price has dropped by 0.73% in the past 24 hours, reaching $0.2475 with a market value of $36 billion. If DOGE were to reach $20, its market value would need to reach around $3 trillion. If Marks’ prediction of a 306-fold increase is correct, DOGE’s market value would reach $11 trillion, a very large figure. To make such an increase possible, Bitcoin would need to undergo a severe bullish trend, with its price reaching the range of $1 million to $2 million per Bitcoin. These predictions heavily rely on major changes in the digital currency market, requiring massive capital injection. One hypothesis is that the US government may make extensive investments in Bitcoin, leading to significant growth in the digital currency market. However, this scenario remains speculative and there is no guarantee of its realization. You can track the prices of all tokens and cryptocurrencies live on the digital currency price page.
