Dogecoin (DOGE) is about to pump 91% if price history doesn't lie

Dogecoin (DOGE) is about to pump 91% if price history doesn't lie
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The main and perhaps the most famous cryptocurrency Dogecoin (DOGE) It's about to hit a staggering 91% surge next January. As revealed thanks to CryptoRank data, the average return of DOGE in January is 91.5% with over 10 years of data.

Interestingly, despite the fact that Dogecoin was created in 2013, the most profitable January was in 2021, when the price of the meme coin rose by 711.5%. However, after that, it was not as fruitful for DOGE, with a decline in two of them, and a 37.2% increase in 2023.

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Dogecoin price history by Cryptorank

However, the broader picture shows that only five out of the 11 Januarys closed in the green, and statistically, as things stand now, there is a greater likelihood of DOGE pulling back in January. Dogecoin's average returns also indicate this, standing at -7.95%.

So, there are really two different paths to DOGE in January as of now.

Ethereum to the rescue

In support of DOGE's potential January rally, the price history of Ethereum and other major altcoins points to the possibility of an upcoming alternative season.

According to the data, Ethereum It saw five consecutive months of positive average and average returns – extending from January to May. Moreover, the lowest average return during this period for ETH remained at 12.1%.

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If Ethereum finally shows its strength and kicks off the long-awaited swing season, it is clear that DOGE will likely follow suit. In this scenario, the forecast for... Dogecoin price Growth will not be limited to January alone. However, let's first see how the first month will develop.



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