EtherNaysyonal: Dogecoin can grow by 1200%

Dogecoin’s price could rise by more than 1,200% to reach $ 2.2, according to an analyst with the pseudonym EtherNaysyonal, who predicted the possibility of a third large-scale growth wave for the popular meme token. According to him, the history of DOGE has already demonstrated similar scenarios twice: a prolonged consolidation in the market, followed by explosive growth to new historical highs.

The first big jump occurred in 2017, when Dogecoin went from less than $ 0.28 to more than $ 0.02 — an increase of about 7,000%. The next rally took place in 2021, when the price rose by more than 30,000%, from $ 0.0028 to $ 0.7, before the market entered a downturn. EtherNaysyonal believes that Dogecoin is now on the verge of a third wave, similar in scale and dynamics to the previous ones.

If the trend repeats, Dogecoin could exceed $ 1 and reach a maximum of about $ 2.2, the analyst believes. Such a scenario would mean an increase of more than 12 times from the current level. This prediction is based on the historical patterns of the DOGE market, which is prone to sharp price explosions after long periods of stagnation.

The analyst also emphasized that Dogecoin has evolved from a joke cryptocurrency to a serious market asset. Today, DOGE is used by some companies as a reserve currency, including Tesla to pay for goods. In addition, there have been applications for the creation of exchange-traded funds (ETFs) with Dogecoin, which indicates the growing interest of institutional investors.

Despite the fact that 2025 is coming to an end without a large-scale price surge, enthusiasm among DOGE supporters remains high. Many believe that another rally is only a matter of time, as this token has repeatedly proven its ability to unexpectedly restore market dynamics after long downturns.