Market Analyst Highlights How Long Before Dogecoin Cracks $3

Amid the recent spectacular performance from Dogecoin, market watchers share their views on how long it will take for DOGE to break into the unit price range. In a recent post on X, Crypto Yapper, a notable technical analyst, shared his short-term price prediction for trendy crypto assets like Dogecoin. According to Yapper, Dogecoin could reach $1 and $3 as early as six months from now, which would place the timeline around May 2025. Currently, DOGE is worth $0.3894, up by 1% over the past day. Yesterday, Dogecoin attempted to break out of its week-long consolidation phase by re-entering the $0.40 range with a 12% surge. However, it quickly encountered resistance after reaching $0.4183 and was unable to push higher. It later dropped to $0.3778 amid the Bitcoin-induced volatility last night. While Dogecoin's bulls struggle to regain momentum for another massive rally like the one from two weeks ago, Yapper believes that, despite the challenges, DOGE will trade within the $1 to $3 range in the next six months. If things go poorly, it could take up to 12 months. Dogecoin Potential to Reach $3 Notably, from its current floor value of $0.3894, DOGE would need a rally of 156% to break the $1 mark, which enthusiasts have been waiting for since the 2021 bull run. For context, Dogecoin took just seven days to rally by 156.11%, from $0.1702 to $0.4359, between November 5 and November 12. Meanwhile, for the projected upper boundary of $3, Dogecoin would need a more substantial price increase of 670%. Remarkably, over the past 12 months, Dogecoin has surged by 658% from its October 2023 low of $0.05747 to its recent high of $0.4359, which aligns closely with the 12-month timeline Yapper suggested for Dogecoin to achieve another 650% price growth. Notably, at $3, Dogecoin would have a market cap of $440 billion, compared to just $56 billion today. This market cap would far exceed Ethereum's current $373 billion valuation, possibly making DOGE the second-largest crypto asset if no other token surges higher. Bitcoin and Ethereum Prices When Dogecoin Hits $3 However, Yapper also expects Bitcoin to reach between $220K and $260K during this period. With Bitcoin currently priced at $93,183, reaching the projected target would imply an additional 179% price growth. For the underperforming altcoin king, Ethereum, the technical analyst suggests it could rebound significantly, reaching between $12K and $16K within the next 12 months.