The 2017 alt season was characterized by Dogecoin rallying from a deep base into a move of about 100x that eventually topped around $0.018.
Interestingly, the 2021 alt season produced an even larger move than the 2017 one. Marks’ chart highlights a surge of more than 300x, taking Dogecoin from the lower range of its previous cycle into as high as the $0.70 area. That rally turned Dogecoin from an internet joke into one of the largest cryptocurrencies by market capitalization with an active community of investors and developers.
A $20 Dogecoin price is not a normal short-term target. At the time of writing, Dogecoin is trading at $0.081, which means it would need a move of about 247x just to reach $20. The projected zone by Javon Marks is even higher, with the visual move pointing to a move above $24.
Featured image from Unsplash, chart from TradingView
