Dogecoin, a meme-based cryptocurrency, has long been the subject of speculation when it comes to its ability to hit a valuation of $10. While others are still cynical, others identify historical trends and market forces that can help explain such a growth. Experts have noticed that Dogecoin price trends tend to mimic Bitcoin’s four-year cycle, indicating a possible high surge during bull trends. Crypto analyst Dima Potts pointed out that Dogecoin is also taking cues from earlier cycles when prices surged majorly in the fourth year. Based on this, predictions emerge that Dogecoin may touch a new target of more than $10.
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