Javon Marks, a digital currency analyst, has made an interesting prediction about Dogecoin. He believes that this meme coin could reach $20 in this cycle. Based on his technical analysis, Dogecoin has shown significant growth in consecutive bullish periods in the past, and if this pattern continues, it could experience a 306x or more increase in this cycle. However, reaching such a price raises questions about the feasibility of this prediction due to market valuation. Marks based this prediction on Dogecoin’s historical performance in previous cycles. Dogecoin saw a 90x growth in bullish cycles in 2017 and over a 306x growth in 2021. For Dogecoin to reach $20, its market value would need to reach around $3 trillion, which would require special conditions like a very sharp increase in Bitcoin.
