A crypto analyst has predicted that Dogecoin (DOGE)The world’s largest meme coin by market cap is expected to surge 6,800% to a new record high of $6.9. While the analyst has a very high optimistic outlook for DOGE pricehe emphasizes that the cryptocurrency must first meet certain conditions to achieve this ambitious goal.

Roadmap for Dogecoin’s 6,800% Surge to $6.9

On August 18, a crypto analyst identified as “Master Kenobi” took to X (formerly Twitter) to part his bullish projections for Dogecoin. He revealed a historical chart of Dogecoin Price Movements from 2015 to 2025, with different colored lines indicating the next Dogecoin price target.

Based on his chart analysis, the analyst suggests that DOGE is a steady increase in value as the years go by. He believes that the price of DOGE will increase at a rate that it can rise enough to hit “zero” every four years.

Master Kenobi has indicated that Dogecoin Growth Trend could continue, with the cryptocurrency expected to reach $2.2 within the next four years. He also predicts a dramatic 6,800% increase in the next four years, potentially pushing DOGE’s price to $6.9.

He warned the broader crypto community that this may be the last time the popular meme coin trades at the low $0.10 level.

In another X-messageMaster Kenobi stated that DOGE was his biggest bet in this current market cycle. He outlined several reasons to be optimistic about the dog-themed memecoin.

First, the analyst considered Dogecoin to be the second most honest chain after Bitcoin (BTC)the world’s largest cryptocurrency. He revealed that the dog-themed meme coin has one of the longest histories in the crypto space and has grown into a significantly popular digital asset in the industry.

Furthermore, Master Kenobi predicts that Dogecoin will potential to increase its value tenfoldHe also noted that if a cryptocurrency other than Ethereum (ETH) or Bitcoin is a Exchange traded fund (ETF)then it would most likely be Dogecoin.

DOGE Price Analysis

Over the past 24 hours, DOGE has experienced a significant price increase, which is potential for a price turnaround amid the current market conditions. Data from CoinMarketCap reveals that Dogecoin is currently trading at $0.105, marking a 5.31% increase in just one day.

While the popular meme coin appears to be showing strong price fundamentals, a crypto analyst identified as ‘Kaleo’ on X has taken a short update about the meme coin, noting that there have been no significant changes in the cryptocurrency’s price recently.

Kaleo predicts that in the coming months, Price of Dogecoin will likely stagnate and move slowly between $0.085 and $0.11 with decreasing volatility. He expects this period of low activity to continue until market conditions improve. As a result, he has recommended that investors “stack and hold” their DOGE investments.

Main image from Adobe Stock, chart from Tradingview.com