DOGE’s value has increased by 15% recently, reaching $0.13 and outperforming many top altcoins. Crypto analyst DonAlt pointed out that DOGE could surpass the $1 threshold if the market remains strong.

Another notable trader, Bluntz, pointed out that DOGE has historically performed well at the end of market cycles. He emphasized that when Bitcoin hits new record highs, DOGE is likely to surge as well.

Additionally, Dogecoin enthusiast Elon Musk has played a major role in supporting the coin’s price. Musk made supportive comments about DOGE at a recent rally and donated $75 million to a Trump-affiliated PAC.

Market data and future expectations

DOGE is currently priced at $0.1386, reflecting a 24.80% increase over the past week. Its market cap has increased to $20 billion, with a trading volume of $2.50 billion, up 84% over the past 24 hours.

An analysis by CoinGape shows that based on historical price trends, DOGE could rise to $4 by May 2025. These expectations add to the optimism about DOGE’s future potential.

DOGE’s rising value and increasing trading volume continue to keep investors interested in the meme coin. Market analysis and supporting statements present various scenarios regarding DOGE’s future movements.

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