Crypto analyst Javon Marks predicts Dogecoin could reach $20 this cycle with a 306x surge based on historical patterns.
Dogecoin's market cap implications raise questions about the feasibility of the $20 price point.
For Dogecoin to reach $20, its market capitalization would need to increase significantly, reaching around $3 trillion for an 85x surge or an astronomical $11 trillion for a 306x surge.
An extreme bull run for Bitcoin and a significant capital injection into the crypto market could enable Dogecoin and other meme coins to achieve parabolic price gains.