Dogecoin ($DOGE) may be on the verge of another historic surge if its past performance is anything to go by.
In 2017, Dogecoin began a parabolic run, climbing 212%, retracing by 40%, and then rallying an incredible 5,000%.
Similarly, in 2021, it gained 476%, retraced 56%, and skyrocketed 12,000%. Fast forward to 2024, Dogecoin has already risen 440%, followed by a 46% pullback. If history repeats itself, another explosive rally could be in the cards.
In 2017, when #Dogecoin began a parabolic run, it surged 212%, retraced 40%, then rallied 5,000%. In 2021, it went up 476%, retraced 56%, then skyrocketed 12,000%.
Now, in 2024, $DOGE is up 440% and has retraced by 46%. If history repeats, another parabolic rally is on the way! pic.twitter.com/uhf2kMc0Id
— Ali (@ali_charts) December 23, 2024
Adding to the excitement, ETF specialists believe Dogecoin could soon become the next big crypto asset in the U.S. Bloomberg’s Eric Balchunas previously hinted that a filing for a Dogecoin ETF was expected before Christmas.
While it hasn’t materialized yet, enthusiasm remains high, particularly with political shifts on the horizon. The potential reelection of Donald Trump and the appointment of SEC Chair Paul Atkins, known for his crypto-friendly stance, are seen as catalysts for progress.
Why Dogecoin is Leading the Conversation
Often criticized but enduringly popular, Dogecoin has consistently ranked among the top 10 cryptocurrencies by market cap. Its strong community and historical significance in the crypto world have cemented its reputation as the “king of memecoins.” Adding a unique twist, the acronym $DOGE will also represent Elon Musk’s Department of Government Efficiency, a move expected to generate buzz and new opportunities.
💡 Il prossimo ETF sarà su Dogecoin? Ecco cosa dicono gli esperti!
🐕 Dogecoin pronto per Wall Street?
Gli specialisti degli ETF prevedono che il prossimo asset crypto protagonista negli USA sarà Dogecoin. Secondo Eric Balchunas di Bloomberg, un filing per un ETF su $DOGE era… pic.twitter.com/nidjILOYKx— Hard Rock Crypto (@hardrockcrypto) December 23, 2024
What Analysts Are Saying
Experts like Balchunas and Nate Geraci believe a Dogecoin ETF could arrive soon after Trump takes office, paving the way for Wall Street adoption. Such an ETF would legitimize $DOGE as an investment vehicle, potentially driving its price to unprecedented levels. As excitement builds, all eyes are on Dogecoin and its potential to spark another parabolic run.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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