The price of Dogecoin (DOGE) could hit $10 if it records a steady monthly gain of 5%. This projection is based on the latest market trends and technical analysis.

The crypto market downturn has dealt a heavy blow to Dogecoin, causing its price to plunge by 6.13% over the past 24 hours. This saw the price of DOGE crash from the $0.18 mark to $0.1702. Despite the latest bloodbath, DOGE is still up 9.3% in the past seven days.

Dogecoin’s Potential Surge to $10

Notably, market watchers are still optimistic about Dogecoin’s prospects. Some expect it to soar to an ambitious target of $10. Hitting the $10 target requires a surge of 5,775% from the current price.

Several experts, including Ali Martinez, believe Dogecoin can achieve the $10 milestone.

When Will 5% Monthly Gain Take DOGE to $10

As this projection gains momentum, we estimated how long it would take Dogecoin to reach the $10 target if it records a monthly gain of 5%.

We can estimate a 5% gain on DOGE by multiplying the current price of $0.1702 by 1.05%. Accordingly, if DOGE’s price grows by 5% in May 2025, it will trade at $0.17871 by the end of the month.

Another 5% growth in the following month would push the price to $0.18764 by June. Notably, Dogecoin would finally cross the $0.2 mark by August 2025.

If this continues and DOGE records a minimum increase of 5%, its price would clinch the $10 target within the next 84 months or seven years. This implies that the price of DOGE would hit $10 by April 2032, so long as the firstborn meme coin records a monthly increase of 5%.

At the $10 target, a portfolio of 5,000 DOGE, valued at $851 at the current price, would be worth $50,000, representing an ROI of over $49,000.