Is Dogecoin will boom in 2025? Find Out!
Dogecoin ($DOGE )
With backing from high-profile individuals like Elon Musk, Dogecoin is the next big cryptocurrency coin to explode in 2025. This meme coin, which started as a joke, is easily one of the most popular in the crypto industry.
Since August, DOGE has been sloping up and is predicted to continue into 2025. Its current price is $0.402741 and might increase to $0.404359 by January 12, 2025, according to Binance. Its potential for increase rests on its thriving community.
The potential for explosion can also be attributed to its unlimited supply. 10,000 DOGEs are created every minute, amounting to 14 million coins daily. The annual mining cap of 5 billion is the only thing that limits the annual number of coins mined.
After the presidential elections, Dogecoin experienced an almost 80% increase in value. It is one of the top six cryptocurrencies based on market capitalization. This increase was triggered by Trump’s victory and Elon Musk’s affiliation with the campaign. With Trump’s swearing-in coming up in January, expect another surge in value next year.
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