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Cryptocurrency News Articles

Dogecoin Price Prediction for 2025: DOGE Could Rally to $5 if Ethereum Hits $12,500

Dec 27, 2024 at 05:57 pm

A notable analyst has predicted Dogecoin price for 2025 in a market scenario where Ethereum claims an ambitious five-digit price target.

Dogecoin Price Prediction for 2025: DOGE Could Rally to $5 if Ethereum Hits $12,500

Several market analysts have made bold predictions for 2025, including specific price targets for cryptocurrencies like Ethereum and Dogecoin.

One notable prediction comes from Professor Astrones, who suggests that ETH could rally to $12,500 and DOGE might hit $5 in 2025.

These projections are particularly striking, especially considering that Ethereum's current price is around $3,345 and Dogecoin trades at approximately $0.32.

To put it into perspective, for Dogecoin to reach $5, it would require an impressive 1,462% increase from its current value.

On the other hand, Ethereum would only need to rally by 273% from the current price to claim the $12,500 price target.

However, considering Dogecoin's greater volatility and penchant for higher growth, this order of predictions seems logical.

Despite recent challenges, the meme coin has shown resilience, leading analysts to suggest that the current dip could mirror historical patterns, where pullbacks preceded massive rallies.

Several market watchers have expressed optimism about Dogecoin's price prospects.

For example, Javon Marks believes the current pullback resembles patterns from previous cycles, predicting a short-term surge of over 122% once the retracement ends.

This rally could take Dogecoin past $0.73.

The recent pullback in $DOGE (Dogecoin) looks to have been something prices have encountered before last cycle, JUST BEFORE A PUSH TO AND BEYOND ALL-TIME HIGHS!

Looking to be similar positioning we can prepare for another >122% (>2.22X), at the minimum, to and beyond $0.73905… pic.twitter.com/xTXSz4Gepy

— JAVON⚡️MARKS (@JavonTM1) December 21, 2024

Meanwhile, The Krypto King noted that Dogecoin has held its support levels and shown strength against Bitcoin.

Once Bitcoin reverses its downtrend, he believes Dogecoin could experience a 140% rally, pushing its price above $0.8.

Moreover, Trader Tardigrade recently highlighted another bullish signal, as he confirmed Dogecoin price position within the Gaussian Channel.

#Dogecoin has entered the Gaussian Channel on the daily chart 🔥$Doge halted its downtrend at the mid-band of the channel, highlighting the supportive nature of the Gaussian Channel.$Doge will go back to the sky 🚀 pic.twitter.com/3BTgfJCXRf

— Trader Tardigrade (@TATrader_Alan) December 20, 2024

According to the market commentator, DOGE has found support at the mid-band of this channel, around $0.31 to $0.32, indicating a potential reversal.

Notably, the bulls would have to defend this level to hedge against steeper declines to lower lows.

Beyond Ethereum and Dogecoin, Professor Astrones also made ambitious price targets for other assets in 2025.

He predicts that Solana (SOL) could see an explosive 981% increase, reaching $2,000 from its current price of $185.

Furthermore, the analyst projects XRP (XRP) to hit $10, a 352% jump from $2.21, its present price.

Meanwhile, VeChain (VET) might surge to $1, representing a remarkable 2,027% rise from $0.047.

Other notable predictions include Injective Protocol (INJ) reaching $250, Arbitrum (ARB) climbing to $30, and Fetch.ai (FET) hitting $20. Floki (FLOKI), another dog-themed meme coin, could also experience a notable rise, claiming the $0.005 region.

News source:thecryptobasic.com

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Other articles published on Dec 28, 2024