Unlike the rest of the market, the OG meme cryptocurrency Dogecoin (DOGE) started 2025 with a downtrend. The asset has been dipping with slight upticks over the past week. Despite this, the community has been hoping for the meme coin to reach the coveted $1 mark. The cryptocurrency is currently 194% below this milestone. Will the asset be able to surge to $1 in the next couple of months?
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Looking Into Dogecoin’s Current Price Level
Source: Techpoint Africa
Dogecoin is currently trading at $0.3398 after a 1.14% drop over the past 24 hours. But the meme coin has surged by a staggering 270% throughout the year. DOGE went from being priced at a low of $0.07497 all the way to a high of $0.4835.
Source: CoinMarketCap
Amidst this downtrend, a group of whales were active in the market. Whales are actively accumulating DOGE, according to cryptocurrency researcher Ali Martinez. The analyst said in an X post that whales purchased a staggering 1.08 billion DOGE in a single day. It’s important to note that the analyst had previously expressed optimism in Dogecoin, estimating that if it keeps up its upward parallel channel pattern, the leading meme currency might rise by an additional 6,770%.
Whales bought over 1.08 billion #Dogecoin $DOGE in the last 24 hours! pic.twitter.com/Ow2j6I1MDV
— Ali (@ali_charts) January 2, 2025
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$1 A Reality Soon?
Source: CoinCodex
According to data from CoinCodex, the OG meme cryptocurrency will indeed reach the $1 mark in 2025. The firm revealed that Dogecoin will trade in a range of $0.308355 to $0.1.109734, with an average yearly price of $0.526542 in 2025. Compared to the present rates, this may yield a potential return on investment of 222.96%.
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As seen in the above image, the meme coin will reach this milestone in the month of March. But Dogecoin will go on to reach a price of $1.10 which marks the highest price level that DOGE will surge in the year 2025.
