Dogecoin (DOGE) on Verge of 91% Pump If Price History Doesn't Lie

Dogecoin Poised for a 91% Rally in January, Supported by Ethereum

According to data from CryptoRank, Dogecoin (DOGE), the popular meme cryptocurrency, has historically shown a strong performance in January, with an average return of 91.5% over the last decade.

Historical Trends

Despite being created in 2013, DOGE's most significant January surge occurred in 2021, with a 711.5% gain. However, its January performance has been mixed in recent years, with declines in 2022 and 2023 and a modest 37.2% increase in 2023.

Current Prospects

Statistically, there is a higher probability for DOGE to decline in January. The median of its historical January returns is -7.95%. However, the upcoming alt season, supported by Ethereum's positive price action, could boost DOGE's prospects.

Ethereum's Role

Ethereum has experienced five consecutive months of positive average and median returns, from January to May. If Ethereum continues this trend, it is likely that DOGE will follow suit, potentially extending its potential growth beyond January.

Conclusion

While January typically holds promise for DOGE, it remains uncertain whether it will experience a significant rally. The cryptocurrency's performance will be closely tied to the broader market and the strength of Ethereum in the coming weeks.