Dogecoin (DOGE), one of the most famous cryptocurrencies in the world, is becoming the center of attention as 2024 nears its end. With spectacular gains at the beginning of the year but facing a strong correction towards the end, the future of DOGE remains a mystery. Even Billy Markus, the founder of Dogecoin, known by the nickname Shibetoshi Nakamoto, seems hesitant to predict the trajectory of this coin.
Uncertainty from the founder himself
When asked about the possibility of DOGE reaching its peak by the end of December 2024, Billy Markus responded with a "don’t know" GIF, indicating that even the founder cannot predict the future of this cryptocurrency. Markus's answer reflects the current market sentiment: filled with uncertainty and volatility.
An eventful 2024
Dogecoin started 2024 with an impressive price surge, recording an increase of up to 520% and peaking at $0.4846. However, the past two weeks witnessed a 30% drop, dampening investor optimism. Some believe this is just a healthy correction, but this significant decline has also raised questions about the sustainability of DOGE in the long run.
Last November was one of the most memorable months for Dogecoin, with a price surge of 161%. However, entering December, the coin lost 24% of its value, slowing the previous growth momentum. According to some analysts, if the current correction does not last too long, Dogecoin could still recover and continue to grow strongly into early 2025.
A bright spot or darkness for 2025?
Currently, Dogecoin is still more than 5 times higher than at the beginning of the year, making it one of the standout cryptocurrencies of 2024. However, recent volatility has shaken investors' confidence. Nevertheless, some experts believe the market is still accumulating, and DOGE could grow stronger if it breaks through the current resistance level.
Billy Markus does not make any predictions for 2025, but history shows that Dogecoin always brings surprises. With strong support from the community and incredible resilience, DOGE may still be a potential candidate in the cryptocurrency market.
Conclusion: Wait or seize the opportunity?
Dogecoin has always been known for its unpredictable volatility, but this is also what makes this cryptocurrency attractive. The year 2025 could be a crucial time for DOGE, as it must prove that it is not just a "joke" but also a truly valuable asset for investment. However, making any accurate predictions at this moment is impossible.
Investors should be cautious and assess risks thoroughly, as the cryptocurrency market is always fraught with high volatility. Whether DOGE will "moon" or "crash" in 2025 remains a big question that only time can answer.