Dogecoin, the OG meme coin that was once close to reaching its all-time high levels, has slipped below its previous support of $0.35. The top meme coin experienced multiple consecutive red days, dropping by double digits due to bearish market sentiments.
This bearish price action has caused the DOGE price to slip further away from reclaiming its all-time high. Will the drop continue, or will the meme coin rebound in 2025?
DOGE Drops 26% As Crypto Dip Continues
All it took was for Bitcoin to lose its support at $100k, and the entire market came crashing down. The meme coin market has suffered the most. What was supposed to be a play for a $150 billion market cap has now dropped to below the $100 billion mark. Dogecoin is one of the victims of these bearish conditions.
The token has dropped by close to 30% over the last week, showing intense bearish momentum. At the time of writing, the token is trading around the $0.28 level, with $0.23 acting as a crucial support. Dogecoin’s current market capitalization is above $42 billion.
Dogecoin Price Action in 2024
Dogecoin entered the market in 2024 at around the $0.09 level, experienced a minor dip, rebounded, and then traded sideways around the $0.1 mark. The token’s price action strengthened in March 2024, bolstered by Bitcoin reaching new highs. By the end of March 2024, the DOGE price was above the $0.2 mark. This was followed by a small drop, after which the OG crypto continued to trade around the $0.1 level.
In early November 2024, the token experienced parabolic price action, pushing its price further up to the $0.4 mark, Doge’s highest value since 2022. The highest value that Dogecoin achieved this year was $0.46, after which the recent decline due to Bitcoin losing the $100k support led to its drop to around the $0.28 mark.
This price action mirrors that of other high-cap meme coins, indicating that the same overall market dynamics are in play.
The token’s RSI is around 30.5, just above the oversold zone. Once that value is crossed, a panic rally might ensue. The Santa Claus Rally might also come into play this year, although it didn’t happen in 2023. That said, unless there is a drastic change from the regulatory front, the token’s price may not experience upward momentum this year.
Dogecoin Price Prediction for 2025, 2026, and 2030
2025
Dogecoin may attract new buyers during the New Year, which could marginally push up the DOGE price. The price action may continue to be volatile, at least until the second quarter. One year after the Bitcoin halving, the Dogecoin price may undergo some consolidation before receiving another boost.
If Bitcoin experiences a bull rally similar to that of 2021, the BTC price may reach new highs, which would attract more degens to the fold, thereby pushing up the DOGE price. The consolidation of DOGE—Department of Government Efficiency—will also pump the token’s value. Given these factors, it is believed that the Dogecoin price will reach $0.8 by the end of 2025.
2026
The surge of 2025 will likely be followed by a drop in 2026. However, investors should expect the price action to continue to be volatile, as has been the case since day one. Additionally, Elon Musk’s tweets will play a major role.
Furthermore, if the market sees an influx of new celebrities talking about Dogecoin, the meme coin can gain more traction. Given these factors, investors can expect the Dogecoin price to be around $0.5 by the end of 2026.
2030
Dogecoin continues to ride the wave of the virality factor and focuses little on use cases. None exist as of yet, and the Dogecoin Foundation hasn’t successfully created a utility-based ecosystem. While the token’s historical performance indicates that people will continue to support this meme coin based on the memes alone, there is a distinct possibility of more utility-focused investors entering the crypto space, which will impact how Dogecoin performs.
That said, as long as the token has Elon Musk’s support, it is unlikely that it will drop from its current position as the leading meme coin on the market.
Dogecoin Alternatives to Watch In The Crypto Dip: Upcoming Presales
While Dogecoin continues to charm investors with its doge-based themes, other animal-themed meme coins have started to gain attention. Among them is Flockerz, a meme coin project with hen-based themes, introducing a Vote-to-Earn ecosystem.
The project’s native token Flockerz (FLOCK) is currently on presale and not yet listed on exchanges, so as yet unaffected by the crypto dip.
Flockerz has underscored its use case with strong lore, featuring a character known as “King Birb.” Traditionally a Bitcoin investor, the king watched his kingdom fall and then decided to embrace his degen nature, distributing his powers among his subjects. The story is presented in comic format, emphasizing Flockerz’s aim to be an interactive meme coin.
What makes Flockerz stand out is its Vote-to-Earn feature. The project has a DAO where stakers can vote to decide the token’s future development and earn rewards. With traditional staking perks also available, Flockerz gives reasons for long-term holding.
Most crypto analysts are bullish on Flockerz. ClayBro, in his recent video, has explained why he believes the token could see 25x returns.
For more details about the project, visit the official website, follow its X handle or join its Telegram channel.
Visit Flockerz
