Cryptocurrency Trader Zer0 Predicted Crazy 12x Growth of Cryptocurrency Rate Dogecoin (DOGE)

Zer0 analyzed historical data and came to the conclusion that the market Dogecoin only got through the first phase of the bull run

Cryptocurrency trader Zer0, known for his trades with meme tokens, has predicted an astronomical 12x surge in the Dogecoin (DOGE) rate.

Zer0 analyzed historical data and concluded that the Dogecoin market has only completed the first stage of the bull run, during which the coin skyrocketed from $0.1 to $0.48 between October and December 2024. After this phase, as in previous cycles, a correction occurred, leading to a 46% decrease in the coin's price, followed by a rebound from the bottom and an uptrend.

The trader believes that the price will be pumped again soon, surging to $4.2 in two upward spurts, separated by a short-term correction. If the crypto trader's forecast materializes, DOGE will increase in value by 12x from the current rate, enriching hodlers who sell their tokens at the peak.

In this scenario, the cryptocurrency rate will multiply 42x since the beginning of the uptrend, and the current bullish rally will be weaker than the two previous ones, during which the coin appreciated 92x and 300x, respectively.

Forecast for exchange rate changes Dogecoin on a chart compiled by Zer0

One of the catalysts for the second stage of the bull market rally for Dogecoin could be the launch of an ETF on this digital asset. Three American companies are seeking to create derivatives on DOGE: Bitwise, Osprey Funds, and REX Shares.

Bloomberg contributor Eric Balchunas believes that trading in Dogecoin-ETF will begin in April 2025, if everything goes smoothly and the US Securities and Exchange Commission approves the launch of the funds. Thus, a new round of the uptrend on the exchange rate chart for Dogecoin is to be expected in the spring.