Unlike the rest of the market, the OG meme cryptocurrency Dogecoin (DOGE) has started 2025 with a downtrend. This asset has decreased with a slight increase in the past week. Nevertheless, the community still hopes that this meme coin will reach the coveted milestone of $1. Currently, this cryptocurrency is 194% lower than this milestone. Can this asset soar to $1 in the coming months?
Looking At The Current Price Of Dogecoin
Dogecoin is currently trading at $0.3398 after falling 1.14% in the past 24 hours. However, this meme coin has soared 270% throughout the year. DOGE has risen from a low of $0.07497 to a high of $0.4835.
Amid this downtrend, a group of whales has been active in the market. Whales are actively accumulating DOGE, according to cryptocurrency researcher Ali Martinez. The analyst stated in a post on X that whales bought 1.08 billion DOGE in just one day. It is important to note that the analyst has previously expressed optimism about Dogecoin, estimating that if it maintains the upward parallel channel pattern, this top meme coin could increase by another 6,770%.
$1 Is About To Become A Reality?
According to data from CoinCodex, the OG meme cryptocurrency will actually reach the milestone of $1 in 2025. The company reveals that Dogecoin will trade in a range from $0.308355 to $1.109734, with an average annual price of $0.526542 in 2025. Compared to the current exchange rate, this could yield a potential investment return of 222.96%.
As the image above shows, the meme coin will reach this milestone in March. But Dogecoin will continue to reach a price of $1.10, marking the highest price that DOGE will soar to in 2025.
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