Finally, Dogecoin is predicted to rise to $1 in 2025

Bittime - Dogecoin (DOGE) is predicted to touch the price of $1 (around Rp. 16,000) in 2025. After more than a decade since its launch in 2014, Dogecoin is finally getting serious attention from analysts and investors. 

With a market capitalization expected to reach around $144 billion (around IDR 2,304 trillion), Dogecoin has the potential to join the club of cryptocurrencies worth more than $100 billion. 

In 2025, Dogecoin is expected to be in the media spotlight along with government policies led by Elon Musk. 

So, what are the future prospects for Dogecoin prices and is this the right time to invest? This is the analysis.

Dogecoin Price Prediction and Outlook 2025

Source: Cryptonews

Analysts from Galaxy, a leading crypto firm, predict that Dogecoin will continue to grow rapidly in 2025. 

At its current price of around $0.39 (around IDR 6,240), Dogecoin has registered a gain of almost 50% since its low in mid-December, which was around $0.26 (around IDR 4,160). 

Even though it is still down more than 20% from its peak last December, which reached $0.48 (around Rp. 7,680), many believe that the price of Dogecoin will continue to creep up, approaching the $1 mark (around Rp. 16,000) in the near future.

Technical indicators show that the current momentum is tilted towards a potential price increase in the near future. 

Dogecoin is now moving above its 50-day moving average (50DMA) and well above its 21-day moving average (21DMA), indicating that the bullish trend is strengthening. 

Read also: Dogecoin Prediction 2025: DOGE Price Could Rise to $2.3 per Coin!

Analyst predictions show that Dogecoin is likely to test the $0.48 level (around IDR 7,680) again in the next few sessions, and if it manages to break through that figure, there is an opportunity for Dogecoin to reach its 2021 high in the range of $0.70 (around IDR 11,200 ).

However, as a memecoin, Dogecoin is also known for very sharp price fluctuations. Reaching $1 (around Rp. 16,000) will not be easy, and there will likely be temporary price drops, as seen last December with a drop of more than 40%. 

Therefore, for interested investors, it is important to remain alert and ready to face high market volatility.

What's Driving Dogecoin's Price Increase?

Several factors can support this prediction, one of which is the policy plans led by Elon Musk in the Trump administration in 2025. 

Musk, who is known as a supporter of Dogecoin, plans to form a Department of Government Efficiency (D.O.G.E.). 

This department will focus on reducing wastage of the government budget. This could spark greater public attention to Dogecoin as a symbol of thrift and efficiency, while increasing market confidence in this “memecoin.”

Apart from that, the existence of Dogecoin as one of the largest cryptocurrencies in the meme coin market also provides an opportunity to maintain its position as the leader of the meme coin market.

Read also: Dogecoin ATH: Last Time Breaking ATH was in May 2021!

FAQ

Can Dogecoin really hit $1 by 2025?

Based on existing technical and fundamental analysis, Dogecoin has the potential to reach $1 in 2025, although the journey to that number will not be easy and filled with volatility.

What affects the price of Dogecoin?

Dogecoin's price is influenced by various factors, including government policies, market sentiment, technological developments, and support from public figures such as Elon Musk.

Is Dogecoin safe to invest in?

Like all investments in cryptocurrency, Dogecoin carries high risks. Make sure you do your research and consider the risks before investing.

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Reference 

Cryptonews, Dogecoin to Finally Hit $1 This Year – Analyst Predicts $100 Billion Market Cap Surge, accessed January 7, 2025.

The Crypto Times, Galaxy Digital Predicts Dogecoin to Hit $1 by 2025, accessed January 7, 2025.

Author: Y