Dogecoin (DOGE) May 10x Your Money in 2025, Here's Why

The meme coin has nearly tripled since election day on the back of optimism that Donald Trump will deliver on his promise of pro-crypto policies as he takes office in January.

DOGE price has nearly tripled since early November, fueled by optimism surrounding Donald Trump's promise to enact pro-crypto policies upon assuming the presidency in January.

A relative newcomer in the crypto space, Dogecoin has managed to steal the limelight with a 150% gain since November 5. But according to crypto influencers and technicals, DOGE is far from done rewarding its investors.

For instance, crypto influencers like “Coochie Fiend” anticipate Dogecoin “hitting $4.20 easily this cycle” – a move that would effectively 10x your investment if you decide to build a position in it today. Coochie Fiend is known for sharing insights, analyses, and predictions about Dogecoin on Twitter.

“Doge will easily hit $4.20” Source: X

MVRV hints at a substantial rally in Dogecoin ahead

Crypto analysts use the MVRV ratio or “Market Value to Realized Value” to gauge whether a cryptocurrency is undervalued or overvalued. A negative reading suggests unrealized losses, while a positive one indicates that investors are in profit.

For Dogecoin, that key metric is currently at “zero.”

Historically, a crypto coin is said to have bottomed when its MVRV ratio turns neutral – and price recovery or a significant push to the upside is deemed much more likely in the following weeks.

That’s partly why there’s been growing optimism about Dogecoin hitting the closely watched $1.00 level in the near term, perhaps even before the end of 2024.

DOGE’s relative strengthRSI not in overbought territory

DOGE is now up more than 150% from its price on November 5th.

But technical indicators like the Relative Strength Index (RSI) still hint at the potential for further upside in this meme coin. The momentum oscillator is not in the overbought territory. At the same time, a reading of 65 indicates solid buying interest in Dogecoin at press time.

Moreover, DOGE has recently formed a golden cross pattern and a rounding bottom pattern – both of which are time-tested indicators that signal a sustained bull run ahead.

Source: TradingView

Thus, the MVRV ratio and technicals combined suggest that Dogecoin is gearing up for a substantial rally, which could see its price hit $4.00 as Coochie Fiend anticipates in 2025.

Dogecoin and Bitcoin: a love story that beats Twilight

It’s worth noting that DOGE is known for moving in tandem with the space leader Bitcoin.

It mirrored its father’s (BTC) price action in the previous bull cycles. If it does so again next year, the $4.00 price target might even be a bit conservative for Dogecoin.

Why? Experts are getting bullish on Bitcoin's future. For instance, analyst Tom Dunleavy sees it extending its ongoing rally, hitting $250,000 under the Trump administration in 2025.

“If we look at the 1970s in the US, then President Nixon’s ending of the Gold Standard in 1971 could be seen as a similar pivot point as the shift we see with the Trump admins embrace of crypto,” he wrote in a recent note on X (formerly Twitter).

And as Dogecoin continues to move in harmony with a potentially soaring BTC, its price could continue to hit new milestones and may 10x your investment next year.

DOGE is getting accepted as a payment method

Dogecoin might have one of the highest potentials among meme coins to offer exponential returns over the long term because of its real-life utility.

For instance, you can use DOGE to pay for a movie ticket at AMC Theaters or buy gaming merchandise with it at GameStop. Tech giants like Tesla allow you to buy a handful of items like Cyberwhistle or the Giga Texas Belt Buckle with Dogecoin.

Earlier this year, billionaire Elon Musk even hinted at the possibility of buying a Tesla vehicle with Dogecoin in the future. Other notable names who have spoken positively about DOGE include Mark Cuban and Snoop Dogg.

Here’s a list of companies that currently accept Dogecoin.

Source: ChatGPT

Investing in Dogecoin may 10x your money in 2025

Dogecoin is uniquely positioned among meme coins and its increasing acceptance in mainstream commerce and endorsement from notable figures suggest significant growth potential.

Add to that the more accommodative regulatory environment for cryptocurrencies under Donald Trump in the White House – and you might have the potential recipe for 10x returns out of Dogecoin in 2025. Woof! Can Dogecoin reach $10 before 2025? Maybe!