Dogecoin Price Prediction 2025: What Will DOGE Mean for DOGE?

Key Takeaways

• Dogecoin shot up, thanks to its links with Elon Musk, in late 2024.
• DOGE is still a long way from its all-time high.
• Our Dogecoin price predictions suggest DOGE could reach as high as $0.44, in 2025.

Dogecoin (DOGE) increased in early 2024 amid speculation that X (formerly Twitter) might accept it as a payment option, fueled by Elon Musk‘s support. It faced a setback in September 2023 when it was removed from New York State’s list of approved cryptos, and in May, Kabosu, the Shiba Inu behind the memecoin, died.

However, the platform registered  1.9 million transactions in September in a single week, showcasing impressive network growth. So far, it recorded 351.2 million transactions.

The crypto shot up when Donald Trump announced Musk would be the co-head of the new Department of Government Efficiency, or DOGE for short.

On Jan. 8, 2025, DOGE was worth about $0.348.

Let’s now take a look at our price predictions for Dogecoin, made on Jan. 8, 2025. We will also examine the DOGE price history and discuss what Dogecoin is and what it does.

Dogecoin Price Prediction

Let’s look at the Dogecoin price predictions made by CCN on Jan. 8. We will use the wave count method to arrive at the predictions, adding and removing 20% from the final predictions to create the minimum and maximum targets. 

The most likely wave count suggests that DOGE is or has completed wave four in a five-wave increase that started in June 2022.

It is unclear if wave four has ended or if the Dogecoin price will continue to consolidate before beginning wave five. 

A possible target for the top of this increase is at $0.70, giving wave five the same length as waves one and three combined. 

Using the length of the existing waves, we can predict that the high will be reached sometime in October 2025. Then, DOGE could begin a lengthy correction similar to the one after the all-time high.

During these projected upward and downward movements, the wave count method gives targets of $0.37 and $0.23 for the end of 2025 and 2026, respectively.

Then, we can use the daily rate of increase for the past three years to arrive at a Dogecoin price prediction for 2030. 

The Dogecoin price has increased by 105% since January 2022. Projecting this increase until the end of 2030 gives a target of $0.98.

Dogecoin Price Prediction 2025

The wave count method gives a Dogecoin price prediction range of $0.30 to $0.44 for the end of 2025.

Dogecoin Price Prediction 2026

The wave count method gives a Dogecoin price prediction range of $0.18 to $0.28 for the end of 2026.

Dogecoin Price Prediction 2030

Using the daily rate of increase for the past three years leads to a Dogecoin price prediction range between $0.76 and $1.14.

Dogecoin Price Analysis

The daily time frame chart shows the $0.40 horizontal resistance area rejected the DOGE price on Jan. 7 (black icon).

The rejection created a lower high and took the price back to the ascending support trend line that has existed since Dec. 20. 

Whether the price breaks down from the trend line or bounces can determine the future trend.

Technical indicators are neutral. The Relative Strength Index and Moving Average Convergence/Divergence (MACD) are both showing signs of a neutral trend.

Short-Term Dogecoin Price Prediction

The Dogecoin price prediction for the next 24 hours is unclear. If the DOGE price breaks down from its ascending support trend line, the trend will be bearish. Conversely, a bounce can lead to a retest of the $0.40 resistance area.

Dogecoin Average True Range (ATR): DOGE Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: The current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.

A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.

On Jan.8, 2025, Dogecoin’s ATR was 0.02885, suggesting relatively low volatility.

Dogecoin Relative Strength Index (RSI): Is DOGE Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.

Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish. On Jan. 8, 2025, DOGE’s RSI was 48, suggesting neutral-to-bearish conditions.

DOGE Price Performance Comparison

Based on its market capitalization, Dogecoin is the oldest and largest memecoin. So, let’s compare its performance with other memecoins.

DOGE Price History

Let’s examine Dogecoin’s price history more closely . While past performance isn’t necessarily indicative of future results, understanding what Dogecoin has done can help us contextualize future predictions.

Dogecoin Market Cap

The market capitalization, or market cap, is the sum of the total number of DOGE in circulation multiplied by its price.

On Jan. 8, 2025, Dogecoin’s market cap was $51.46 billion, making it the seventh-largest crypto by that metric. 

Who Owns the Most Dogecoin (DOGE)?

On Jan. 8, 2025, one wallet held more than 20% of the supply of DOGE.

Richest DOGE Wallet Addresses

As of Jan. 8, 2025, the top five richest DOGE wallets  were:

• DEgDVFa2DoW1533dxeDVdTxQFhMzs1pMke. This wallet held 28,856,003,397 DOGE, or 19.53% of the supply.
• D8ZEVbgf4yPs3MK8dMJJ7PpSyBKsbd66TX. This wallet held 7,761,142,001 DOGE, or 5.25% of the supply.
• DE5opaXjFgDhFBqL6tBDxTAQ56zkX6EToX. This wallet held 7,553,140,906 DOGE, or 5.11% of the supply.
• DU8gPC5mh4KxWJARQRxoESFark2jAguBr5. This wallet held 5,434,659,540 DOGE, or 3.68% of the supply.
• DDTtqnuZ5kfRT5qh2c7sNtqrJmV3iXYdGG. This wallet held 5,031,001,964 DOGE, or 3.44% of the supply.

Dogecoin Supply and Distribution 

From the Dogecoin Whitepaper

In its technical documentation or whitepaper , Dogecoin says it is “a community-driven cryptocurrency inspired by a Shiba Inu meme.”

“The Dogecoin Core software allows anyone to operate a node in the Dogecoin blockchain networks and uses the Scrypt hashing method for Proof of Work. It is adapted from Bitcoin Core and other cryptocurrencies,” it says.

Dogecoin (DOGE) Explained

Australian software engineers Billy Markus  and Jackson Palmer founded Dogecoin in 2013. Markus left the project in 2014, while Palmer, who had previously worked for Adobe, quit  in 2015.

Initially created as a parody of crypto, Dogecoin uses similar software to Bitcoin (BTC). It really started to gain traction in late 2020 when a series of popular TikTok videos helped promote it. 

Around this time, Musk, who had previously seemed comparatively ambivalent about crypto, started calling himself the Dogefather. This earned the billionaire a, perhaps unearned, reputation as a kind of crypto prophet. 

How Dogecoin Works

At present, Dogecoin uses a Proof-of-Work consensus mechanism. This means people verify transactions and add blocks to the blockchain by solving increasingly complex mathematical equations. 

DOGE rewards the Dogecoin blockchain’s miners. It can also pay for some things in the real world. People can buy, sell, and trade it on exchanges.  

Is Dogecoin a Good Investment?

It is hard to say. Dogecoin does have a rather enthusiastic fan base. Another matter is whether the coin’s foundation can capitalize on that and deliver more uses for Dogecoin. If it does, things might look good. 

DOGE needs to decide whether Elon Musk’s association with the coin is a good thing. The self-proclaimed Dogefather damaged the coin’s reputation when he appeared on American TV and called it a “hustle.” 

However, Musk’s upcoming appointment as co-head of the Department of Government Efficiency might draw more eyes to the crypto.

As always with crypto, you should do your own research before deciding whether or not to invest in DOGE.

Will Dogecoin Go Up or Down?

No one can really tell right now. While the Dogecoin crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.

Should I invest in Dogecoin?

Before you decide whether or not to invest in Dogecoin, you will have to do your own research, not only on DOGE, but on other, similar, coins and tokens such as Shiba Inu (SHIB) and Pepe (PEPE). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Technical analysis by Valdrin Tahiri.

FAQs

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.