Dogecoin’s (DOGE) value dropped by 9% on Wednesday as risk assets fell across the board after the US Federal Reserve announced a policy more hawkish that expected.
The Fed cut rates by 25bps, but rejected expectations of a rapid rate-cutting in 2025.
The Dogecoin is currently holding its price above the 50DMA, and the recent range lows of around $0.35.
Some are worried that after such a strong rally over the past few weeks following Donald Trump’s victory at the election in early November, a more significant retracement may be in store in the near future.
Since mid-2021, the $0.33-35 level has been an important one for Dogecoin. If this level were to fall, Dogecoin’s price could plummet back to its highs of early 2024 in the $0.23 range.
Dogecoin’s prospects for 2025 remain bright, even if the short-term market may dip.
Here’s why.
Bullish dogecoin price outlook for 2025: When will DOGE hit $1?
Dogecoin is a cryptocurrency that has two major factors working in its favor.
First, it is expected that the new US Congress and the Trump Administration will usher in an era of prosperity for the crypto-industry in the US.
The talk about a US Strategic Reserve in the US as well as in other major countries continues to grow.
Dogecoin, the most popular meme coin in the world, is well positioned to reap huge rewards from this combination of factors.
Second, Dogecoin has become inextricably linked to the Trump administration. Elon Musk’s Department of Government Efficiency, or D.O.G.E., is named after it. named after it.
Musk has long been a supporter of Dogecoin and a proponent. Musk’s D.O.G.E. is almost certain to keep the world’s biggest meme coin at the top of the meme coin market. For better or worse, headlines are made.
If everything goes according to plan, and Bitcoin reserves are created, the crypto-industry will boom in the next few years. It’s just a matter of when, not whether, Dogecoin reaches $1.
This question can be answered by analyzing the relationship between Dogecoin and Bitcoin over the past three market cycles.
In the three previous market cycles when Bitcoin entered a new price discovery phase (as in April 2017, in December 2020, and most recently in November 2024), Dogecoin was always well below its records highs.
This time will be no different. The Dogecoin market price has only taken a few months in the past to catch up to the previous cycles and reach its record high.
If history repeats itself, then a DOGE breakthrough could come as soon as 2025. $1 is likely to be reached quickly.
Is There a Bigger Potential for Earning Money with This Vote to Earn Meme Coin?
Dogecoin is likely to reach $1 in 2025, a gain of more than two times. There are other, smaller meme coins which could have far greater gains.
The team at Crypto News.com is always on the lookout for new projects that have high potential.
FLOCK (FLOCK), a new DAO-powered meme coin that allows users to vote and earn, is a new coin they are fond of.
The impressive rate at which this token has raised funds from its early investors is one of the main reasons why analysts at crypto news.com have been so excited about it.
FLOCK (FLOCK ), which was launched only a few short weeks ago, has already drawn over $7 million in sales from buyers.
Coupled with its impressive metrics on social media, this token looks like it could be a meme coin.
The appetite for new memes coins is increasing, especially with new meme coins such as Fart Coin reaching a market cap of $1 billion. FLOCK is likely to be one of the top meme coins that launch in 2024.
ClayBro explains in the video why he believes the token has a 25x potential.
