Over the past year, Dogecoin (DOGE) has shown significant growth potential. Some experts predict that Dogecoin’s price could increase by 10,000%, potentially reaching $1 or more. Historical trends and new developments are fueling hopes for another major rally. What do experts, including Ali Martinez, say about DOGE and its future?
Dogecoin’s Price History Points to a $1 Target
Crypto expert Ali Martinez highlighted a 10,000% rise during Dogecoin’s bullish run in 2021. At that time, DOGE had soared from $0.007 to $0.70 in just 98 days. Martinez believes the current market shows similar signs. He suggests that if conditions remain strong, Dogecoin could witness a comparable surge in price.
Currently, Dogecoin is trading at $0.354 after a 1.72% increase. On a monthly scale, DOGE has risen by 13.96%, indicating active buying. However, trading volume has decreased by 30.09%, suggesting some traders are cautious in the short term. If DOGE can replicate its past high of 112%, it may break resistance levels and climb toward $1.

Analyst Chandler from X also pointed out this 112% jump trend. He believes a similar movement could push Dogecoin’s price to $1. Increasing whale activity and strong market support further bolster this outlook.
Bullish Sentiment and Consolidation Areas
Ali Martinez also discussed how a Dogecoin ETF could impact the market. Bitwise has applied for a “Bitwise Dogecoin ETF,” with Bloomberg analyst Eric Balchunas stating that approval may come soon. If this occurs, it could attract significant holders to Doge stocks, leading to higher prices. Martinez noted that ETFs have typically boosted crypto prices in the past, as seen with Bitcoin .

Crypto expert Kev_Capita_TA pointed out that Dogecoin USD is currently in a crucial consolidation phase. His chart shows DOGE/USD trading near the bottom of an upward channel supported by the 0.703 Fibonacci retracement level. Kev suggests that if Dogecoin remains above $0.26, it can rebound strongly and target higher levels, but losing this threshold could lead to a loss of momentum.
Despite short-term risks, Dogecoin (DOGE) continues to dominate as the top memecoin. It holds a market cap of $52.43 billion, making it the seventh-largest cryptocurrency worldwide.