Amidst the ongoing frenzy surrounding meme coins, renowned cryptocurrency expert and enthusiast Javon Marks has expressed a bullish sentiment towards Dogecoin (DOGE), foreseeing a potential fourfold surge in its value, with the likelihood of surpassing its previous peak.

Anticipating a Quadruple Surge in Dogecoin's Value

This optimistic projection, signaling significant growth prospects for Dogecoin in the near future, aligns with the broader uptrend observed in the cryptocurrency market. Marks attributes the favorable outlook for the popular meme-based digital currency to historical patterns of breakthroughs and surges.

In April, Marks initially made a striking forecast for DOGE, suggesting a substantial rally towards the critical $12 price level. He indicated, "A $12 DOGE (Dogecoin) could be well on its way, and the process may have already begun."

A month later, Marks reiterated this bold prediction, highlighting the persistent trend. He noted that Dogecoin had once again entered a state of breakout, and based on historical patterns, these breakouts have consistently led to larger rallies. This implies that the forthcoming rally, potentially in its early stages, might surpass the previous one, which witnessed a staggering increase of over 20,000%.

Marks anticipates another substantial surge from the current price level, potentially exceeding 7,500% and targeting the $12 threshold or even higher. He suggested that this trend could be just beginning, hinting at ongoing gains for the cryptocurrency.

Now, Marks asserts that the current trend indicates a potential fourfold increase in DOGE's value, potentially reaching new record highs and possibly surpassing $10, with the $12 mark within reach.

Positive Momentum for DOGE

Currently, Dogecoin, the leading meme coin, is exhibiting positive movement alongside other prominent cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC). After dropping to as low as $0.155 earlier this month, DOGE has rebounded to the $0.16 level. With the ongoing momentum in the meme coin market, DOGE may continue to attract further gains in the coming months.

At the time of reporting, DOGE boasted a market capitalization exceeding $23.64 billion, with a 24-hour trading volume surpassing $684 million. It witnessed a price increase of 2.82% over the past week, trading at over $0.1635. While its market capitalization experienced a 0.62% increase in the past day, its trading volume observed a decline of over 19%.