The cryptocurrency market will close 2024 on a good note. While Bitcoin (BTC) continues to set new highs, the rest of the market is still lagging far behind. Dogecoin (DOGE) has seen a significant surge over the past two months. Nevertheless, the OG meme cryptocurrency is still 45% lower than its historical peak of $0.7376. This asset reached that peak about four years ago in 2021. During this time, the community has been supporting DOGE to reach new highs.
Current price level of Dogecoin
In October last year, the trading price of Dogecoin fell to $0.1050. Since then, the meme coin has soared to a high of $0.4835. At the time of writing, the asset's trading price is $0.4052, up 1.54% in the last 24 hours.
It is noteworthy that Dogecoin has increased by 350% this year. This aligns with the overall upgrading trend in the cryptocurrency industry. Elon Musk's efficiency department (DOGE) and whale accumulation of DOGE support this view. The recent performance of Bitcoin, coupled with this positive momentum, may further drive the asset's rise.
DOGE 2025 Prediction
To reach $1, Dogecoin must rise at least 146.79% from its current price level. According to CoinCodex data, this meme coin is expected to hit new highs next year. Dogecoin is predicted to trade at a peak of $0.1.12794 in 2025.
Meanwhile, the lowest trading price of DOGE was $0.3368934. Additionally, the annual average price of DOGE is $0.583661. Compared to the current exchange rate, this could yield a potential investment return of 177.32%. If this prediction comes true, DOGE holders will surely be overjoyed.
