Whales Drive Dogecoin (DOGE) Surge of 21%, Is the $1 Threshold Within Reach?
On January 3, blockchain data showed that whales splurged $413 million to buy over 1.08 billion DOGE, significantly reducing selling pressure. Dogecoin skyrocketed 21% this week, reaching a peak of $0.39, leaving competitors like Shiba Inu and Pepe far behind.
Predictions have the market eagerly anticipating a $1 value by 2025. The historical average return rate for Dogecoin in January is 83.9%; while current sentiment is optimistic, the trends remain cautious. Binance transferred 399.9 million DOGE ($144.9 million) to private wallets, showing positive signs.
Whales purchased over 1.08 billion DOGE in the last 24 hours.
At the time of writing, Dogecoin (DOGE) is trading at $0.3875, down 0.65% in the past day, but up 21.28% in the past week.
By 2025, Dogecoin's price is expected to surge to $1, a 170% increase, with a market cap reaching $100 billion. Even more exciting, newly elected President Donald Trump announced the establishment of a new agency — the Department of Government Efficiency (DOGE), to be led by Elon Musk and Vivek Ramaswamy.
Notably, the growing interest within the community plays a significant role. By 2025, Dogecoin is expected to knock on the door of $1, aligning with the public's optimistic expectations and attracting the attention of cryptocurrency traders and enthusiasts. In summary, with such developments, memecoins are likely to continue rising, gradually approaching the $1 goal.
