As the market frantically chases the AI Agent concept coin craze, Dogecoin (DOGE) is quietly attracting the attention of large funds, with 'whale investors' pouring in to position themselves. Analysts even optimistically predict that Dogecoin is likely to break the $1 barrier this year, rewriting history.

Comprehensive data from multiple sources shows that 'whale investors' are increasingly interested in Dogecoin. Over the weekend, the number of trades exceeding $100,000 rapidly increased, and trading heat clearly intensified. This is often seen as a sign of large funds rushing in, indicating that the coin's price may trend upward further.

Moreover, Dogecoin's 'historical performance' is equally exciting. Data shows that January has historically been a standout month for Dogecoin, with an average increase of 85%. For instance, in January 2014 and January 2021, Dogecoin recorded increases of 250% and 700%, respectively, making it the 'golden month' for meme coins.

The futures market sets new records, pointing to new peaks

According to CoinGlass data, the total open contracts in the Dogecoin futures market surged to 10.35 billion DOGE on Monday, far exceeding last weekend's 7.5 billion DOGE, setting a new high since March 2024 when it reached 10 billion DOGE.

A significant increase in open interest usually indicates new funds entering the market, which may confirm the current price trend or even signal a potential increase in volatility.

CoinDesk market analyst Omkar Godbole believes that Dogecoin's price is likely to break $0.50 in the near term. He pointed out:

Dogecoin has re-established itself above the 50-day moving average, with the 10-day moving average also rising concurrently, indicating strong bullish momentum. Additionally, the price gap between Coinbase and Binance has disappeared, suggesting that the price is likely to break through the $0.40 resistance zone and may even surpass $0.50 or higher.

However, he also cautioned that the current trading volume of Dogecoin on Coinbase remains low and has not yet recovered to the levels seen during Dogecoin's surge last November. 'As long as the resistance level of $0.40 has not been effectively broken, investors should remain cautious.'

Dogecoin's target price this year is $1, challenging a market capitalization of $100 billion.

Market optimism continues to soar, with analysts even calling out a target price of 'Dogecoin will reach $1 this year.' Galaxy Digital's research director Alex Thorn predicted in the annual outlook:

Dogecoin will welcome a glorious moment in 2025, breaking the $1 barrier and its market capitalization rising to $100 billion.

'The Musk Effect' ignites market imagination

Dogecoin's ability to create miracles is naturally aided by Elon Musk. Recently, Musk, with the support of the Trump administration, led a special agency called the 'Department of Government Efficiency' (DOGE) to help reduce government spending and streamline bureaucratic processes.

The English abbreviation of the 'Department of Government Efficiency' cleverly corresponds with Dogecoin's trading symbol, instantly igniting market enthusiasm and drawing high attention from investors towards Dogecoin.

Analysts point out that this will bring Dogecoin back into the spotlight of mainstream media and retail investors, further stimulating market demand and providing upward momentum for the token price.