The cryptocurrency market is ending 2024 on a great note. While Bitcoin (BTC) continues to record new peaks, the rest of the market is still far behind. Dogecoin (DOGE) has witnessed a notable spike over the past two months. Despite this, the OG meme cryptocurrency is 45% below its all-time high of $0.7376. The asset hit this peak about four years ago, in 2021. Amidst this, the community has been rooting for DOGE to reach a new high.
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Dogecoin’s Current Price Level
Source: CoinMarketCap
Dogecoin was trading at a low of $0.1050 back in October. Following this, the meme coin surged all the way to a high of $0.4835. During the time of writing, the asset was trading at $0.4052, following a 1.54% uptick over the past 24 hours.
It should be noted that this year, Dogecoin has increased 350%. This is consistent with the upgrade of the overall cryptocurrency industry. Elon Musk’s Department of Government Efficiency (D.O.G.E.) and whales’ accumulation of DOGE lend support to this perspective. The recent performance of Bitcoin combined with this positive momentum might push the asset further.
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DOGE 2025 Prediction
Source: CoinCodex
In order to reach $1, Dogecoin will have to surge by a minimum of 146.79% from its current price level. According to data from CoinCodex, the meme coin is expected to record a new high over the next year. It is projected that Dogecoin will trade to a high of $0.1.12794 in 2025.
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Meanwhile, the lowest level that DOGE will trade at is $0.3368934. Further, DOGE will be priced at an average yearly price of $0.583661. Compared to the present rates, this may yield a potential return on investment of 177.32%. If this prediction comes to life, DOGE holders will certainly be elated.
