The futures on Dogecoin (DOGE) are attracting growing interest, marking a new record for open interest and consolidating the role of the largest memecoin by market capitalization.
With significant transactions by “whales” and promising technical signals, analysts are beginning to speculate on a possible target of $1 for DOGE by 2025.
Interest in Dogecoin and the futures record
The “whales,” or the large investors who move considerable volumes of cryptocurrencies, have shown renewed interest in Dogecoin. According to recent data, transactions exceeding $100,000 recorded a significant spike over the weekend, indicating strong demand for the memecoin.
These movements are often seen as precursors to price increases, as they indicate the accumulation of DOGE by influential investors. Furthermore, large withdrawals from exchanges suggest a decrease in the available supply on the market, a factor that could support the price increase in the short term.
Historically, January has proven to be the month with the best performance for Dogecoin, with an average return of 85%. Despite some anomalous fluctuations, such as 250% in 2014 and 700% in 2021, the memecoin has recorded a positive median performance of 5%. This data, along with the growing interest of whales, strengthens investors’ optimism about DOGE’s bull potential.
The futures markets for Dogecoin have reached a new all-time high in open interest, indicating an increase in speculative activity and institutional interest in the memecoin. Open interest is a key indicator that measures the total number of open derivative contracts, signaling greater market participation.
This increase could be fueled by investors’ expectations of significant price movements, particularly in light of forecasts that see Dogecoin reaching $1 by 2025.
Technical analysis: short-term target of $0.50 and the path towards $1
The technical indicators support the hypothesis of a bull trend for Dogecoin. The 50-day simple moving average (SMA) shows a positive movement, suggesting a short-term target of $0.50. This level could represent a key resistance, but surpassing this threshold could pave the way for further gains.
Furthermore, the market context seems favorable: in recent weeks, parody tokens and tools based on artificial intelligence have gained popularity, contributing to a climate of enthusiasm in the cryptocurrency sector.
The achievement of $1 per DOGE by 2025 is not just speculation, but a goal that seems supported by a combination of fundamental and technical factors.
The growing demand from whales, institutional interest through futures, and the strong performance history of Dogecoin reinforce this thesis.
However, it is important to note that the cryptocurrency market remains highly volatile and subject to rapid changes. Investors must closely monitor both the technical data and the market fundamentals.
Conclusion
The year 2025 could be the year when Dogecoin reaches the much-coveted level of $1, establishing itself as one of the leading cryptocurrencies.
With the open interest in futures constantly growing and whale activity increasing, the future of DOGE looks promising. However, as always in the cryptocurrency sector, it is essential to operate with caution and make informed choices.
