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The historic surge of 306x of Dogecoin: Will it push the price above $20 in 2024?
Historical data shows that DOGE increased by 90 times in 2017 and over 306 times in 2021. If this momentum continues, this cryptocurrency could witness another exponential price surge, breaking the twenty-dollar mark per token. Historical price performance of Dogecoin Javon Mark's analysis presents the market performance cycle of Dogecoin in 2017, 2021, and projected for 2024. In 2017, this cryptocurrency increased by 90 times. In 2021, the price increased significantly, reaching a 305-fold increase. In 2017, Dogecoin witnessed a significant increase, multiplying its value by about 90 times in the market cycle. An even more significant price surge occurred after this growth in 2021, with DOGE recording profits exceeding 306 times its previous valuation. These patterns indicate that each price surge in history has outperformed the previous cycle, showing a strong growth trajectory for this token. Expected multiplication based on previous cycles If the established trend continues, it can be expected that the price will rise above the previous 306x increase. Applying this trajectory to the upcoming cycle, Dogecoin has the potential to surpass the $20 mark. This forecast is entirely based on market fluctuations in the past and does not take into account external market impacts that may affect price performance. The historical price volatility of Dogecoin provides the basis for its expected trajectory. Its exponential performance in past cycles indicates increasing investor demand and interest. Market cycles have played a significant role in shaping Dogecoin's price surges, and if the current trend follows a similar trajectory, another significant price increase may occur. Dogecoin has grown in previous market cycles, with each price increase surpassing the previous one. Based on historical trends, this cryptocurrency may experience another significant price increase in the next cycle, possibly reaching a valuation of over $20 per token.