Can DOGE Imitate Its Earlier 9720% Surge? Expert Says Yes

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Dogecoin is currently the trending topic in the cryptocurrency universe. With Musk headlining his new department as the Department of Government Efficiency, or DOGE, the development has certainly bolstered Dogecoin’s momentum, helping it soar to new highs. At the same time, Bitcoin’s spike to $90K has further strengthened Doge’s chart, inching the token to replicate its historic price rallies and surges.

Can Dogecoin Replicate Its Stellar Past Price Rallies?

Dogecoin has experienced certain spectacular price rallies in the past. Per a new prediction made by cryptocurrency expert Ali, in 2017, the token surged as high as 9720% before it dipped back to a stable price spot. In 2021, the token once again repeated the same price pattern, surging as high as 30,700%. Ali was quick to clarify how these price surges were a mixed product of multiple retests and dips that Doge had to go through to scale such stellar highs.

“In 2017, #Dogecoin surged 9,470%, with two major corrections along the way—one at 40% and another at 84%. In 2021, $DOGE rocketed 30,700%, again seeing two key pullbacks of 46% and 53%.”

The expert later shared how Dogecoin’s current momentum is no exception to this rule. With the Trump regime winning the US elections, Dogecoin is noting significant price spikes in its price. At press time, the token is sitting at $0.39, up 8% in the last 24 hours.

Ali later emphasized the retest part, adding how investors should stay unfazed about occasional retests that the token may undergo. These dips are part of the bigger picture that Dogecoin is eyeing at the moment.

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