This December, DOGE may once again stage a seasonal price increase spectacle, attracting many traders who are looking forward to a 'Santa Claus rally.' Simply put, everyone hopes the market will give Dogecoin a significant boost during the period from the end of the year to the beginning of the new year.

There are reports that after a previous surge, Dogecoin's target is aimed directly at the $1 mark. A friend from the community has even stated that if Dogecoin can reach $1 before December 3rd, he will gift $5,000 worth of Dogecoin to lucky fans who interact with him, which is truly enticing.

Historically, Dogecoin has indeed shown impressive performance in December, such as over a threefold increase in 2017 and more than a 30% rise in 2020. However, it hasn't always been so strong; last year it fell by more than 30%, making it hard to predict. So, although Dogecoin has started to rise again recently, traders should still be cautious and not too optimistic.