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Gate Square New & Returning Creator Rewards are ongoing!
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$DOGE
🔥Dogecoin price prediction: here’s why DOGE will surge to $1 in 2025
Dogecoin price has crashed into a strong bear market this year as it crashed from the December high of $0.4845 to $0.265. It has erased some of the gains made in 2024 as the crypto fear and greed index has moved to the fear zone. This article provides an unbiased DOGE forecast and assesses whether it can stage a strong comeback and hit $1 soon.
Why Dogecoin price crashed
The Dogecoin price has collapsed this year for three main reasons. First, the price action is mostly due to Bitcoin remaining in a tight range in the past few months. It has remained inside the support and resistance levels of $90,000 and $109,000.
Bitcoin usually sets the tone in the crypto industry, and when it falls or stagnates, investors dump other tokens.
Second, Dogecoin price has dropped as investors sell the news. The coin jumped ahead of Donald Trump’s inauguration in January. In most cases, assets rise ahead of a major news event and then fall when the news event happens.