According to data from Santiment, an analytics firm that measures investor sentiment in the cryptocurrency market, there is a decline in social media posts about Dogecoin (DOGE).
Santiment’s report, which stated that community sentiment in #DOGE hit its lowest point in the past year, included the following statement: “The top crypto meme coin has been very quiet except for a temporary spike in early 2024.” The report, which confirmed that DOGE has lost 28 percent of its value since its peak a month ago, gave the market-favorite meme coin a score of 1 out of 5.
“Things may turn in DOGE’s favor when the market goes up.”
However, one of the noteworthy statements in the report was that the decline in DOGE sentiment could be seen as an opportunity for investors: “The sentiment of the masses is nearing its lowest levels from last year. In other words, if the crypto market starts to rise again, things could turn in DOGE’s favor.
Crypto trader Wizz shares the same sentiment as Sentiment, and is among those who expect DOGE to rise despite the low community sentiment. In a post he shared on X (formerly Twitter) on January 6, he suggested that $DOGE will outperform most cryptocurrencies in the next three to six months.
Another crypto trader KrissPax noted that DOGE’s price action was similar to a year ago: “In November 2023, DOGE rose, then fell, and consolidated before a big rally in 2024. In November 2024, DOGE rose again, then fell, and is now in a consolidation phase. Next up is a big rally in 2025.”
Many analysts expect DOGE to reach new highs in 2025, just like KrissPax. Based on the Gaussian Channel indicator, which is used to identify upper and lower channels of price action, crypto trader Tardigrade expects DOGE to peak between $3 and $5 in 2025.
