Dogecoin ($DOGE), the original meme coin, might be gearing up for one of its biggest moves yet if historical trends are anything to go by.
While the idea of DOGE hitting $16 this bull cycle may sound extreme to some, analysts studying its long-term chart structure argue it’s not just possible; it’s mathematically consistent with how Dogecoin price has always behaved during bull market cycles. Let’s break it down.
Why Analysts Say Dogecoin Price Could Surge 21x This Cycle
According to a detailed analysis by the team at Bitcoinsensus, Dogecoin price has shown a logarithmic growth pattern for over a decade. The chart they shared shows DOGE bouncing predictably between two long-term trendlines, each bottoming event followed by a massive top.
History shows that Dogecoin (DOGE) surged 10 times between 2014 and 2017, then exploded 37 times between 2017 and 2021. If the trend repeats, a 21-time move is possible between 2021 and 2025, as projected.
Starting from DOGE’s recent macro bottom, this projection puts the next major peak in the range of $10 to $16 per coin. The setup is grounded in a recurring market rhythm that’s been playing out for years.
Dogecoin Enters Accumulation Phase
Zooming into the present, popular analyst Elite Crypto has identified a bullish accumulation structure forming on the weekly DOGE chart. In his view, the price is consolidating near support, specifically around the $0.175–$0.180 range, which has previously acted as the launchpad for significant upward moves.
“I’m planning to accumulate at $0.175,” he posted on June 2, “because this looks like the last local zone before it makes another 2–3x move.”
The chart shows a clear fractal: past breakouts began after similar sideways compression phases. If the same structure plays out, the DOGE price could revisit $0.35–$0.50 in the short term before eyeing higher targets later in the cycle.
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Can DOGE Actually Hit $16 This Cycle?
If Dogecoin ever hits a price of $16 per coin, its market capitalization would surge to over $2.26 trillion, based on its current circulating supply of about 149 billion tokens. This represents a substantial increase from its current market value of approximately $29.89 billion.
To understand this better, let’s say Bitcoin and Ethereum grow at the same rate and stay at the same relative size compared to Dogecoin. Currently, Bitcoin’s market value is approximately $2.1 trillion, while Ethereum’s is around $319 billion. This means that Bitcoin is roughly 70 times larger than Dogecoin, and Ethereum is about 10.6 times larger.
If these ratios stay the same and Dogecoin grows to $2.26 trillion, Bitcoin’s market value would need to exceed $158 trillion, and Ethereum’s market cap would need to rise to about $24 trillion.
Now, here’s the problem: The entire world’s GDP is about $106 trillion. That includes every country’s economy combined. So, if Bitcoin were to reach $158 trillion in market cap in 2025, it would be worth more than the total economic output of the entire planet. That’s a major red flag for feasibility.
While these calculations help us understand just how massive such a move would be, they also show why a $16 DOGE is extremely unlikely, at least in this cycle, under current global financial conditions. It would require either a complete restructuring of the global monetary system or levels of adoption and utility that are currently unimaginable.
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