Crypto analyst Javon Marks predicts a parabolic run for Dogecoin, with a potential price rally of over 400%.
Marks believes Dogecoin could reach its all-time high of $0.73 and potentially rise as high as $3.
Other analysts, such as Dima James, also anticipate significant gains for Dogecoin in this market cycle, with a price target of $10.
The recent increase in Dogecoin's price follows Elon Musk's mention of the proposed 'Department of Government Efficiency' (D.O.G.E), as the meme coin is tied to Musk.