Analyst highlights how Dogecoin could rally 55X to $20+

Dogecoin (DOGE) may be on the verge of a significant price increase, according to crypto analyst Dima James Potts, who cites historical patterns following the inauguration of the president.

Dogecoin and the broader crypto market have been under significant bearish pressure as Donald Trump officially begins his second term. Contrary to popular expectations, the crypto market has taken a significant hit, and Dogecoin has not escaped the bearish onslaught.

Today, Dogecoin has lost over 10% of its value and is trading at $0.3400 at the time of reporting. Trump’s official meme coin has fared even worse, down over 30% today alone.

Meanwhile, market commentators such as Ðima James Potts believe that the bearish mood is only temporary.

Using historical patterns, Potts connected Dogecoin’s extraordinary price surges for US presidential inaugurations. In particular, he points to past trends as a potential indicator that DOGE could surpass $20 during this cycle.

Dogecoin historical trends pointing to explosive growth

Analyzing Dogecoin’s weekly chart, Potts highlighted its price performance after the last two inaugurations.

He noted that during the 2017 cycle, DOGE experienced an impressive 30x post-inauguration price increase. Similarly, in 2021 the meme coin outperformed itself with an 80x post-event rally.

These patterns have set high expectations for the current 2025 cycle. With DOGE trading at $0.38 on the eve of the inauguration, Potts expects that a 55x growth – calculated as the average of the previous cycles – would bring the price to an astonishing $20.

Factors that support optimism

Potts is confident that Dogecoin can outperform its historical trends this season. He pointed to technological advances and the growing global institutional adoption of cryptocurrencies.

Recall that institutional market maker Wintermute recently predicted that Dogecoin could get an ETF this year. Potts believes that this institutional interest in Dogecoin could create the perfect conditions for another historic rally.

Way to $10 and up

With Dogecoin trading at $0.3400, a rally to $10 would represent a 3.116% upside for current owners. A run to $20 would provide upside of 5.778%. Interestingly, some analysts are even calling for more explosive price gains for Dogecoin in this cycle with targets of $30 and $40.

These analysts are very hopeful that the meme coin will replicate its 2017 and 2021 price performance. However, these high price hopes would mean several trillion dollars in market cap for Dogecoin – a point critics often use to dismiss the optimism.