The Meme Coin Market is Moving Up as Charts Show that the Cumulative Meme Crypto Market Capitalization is Closing in on the $100 Billion Level

This is due to Bitcoin's recent bounce after it dropped to its intraday lows of $97K earlier. Dogecoin price has moved up in response

The meme coin market is finally seeing some movement on the charts. As of now, the cumulative meme crypto market capitalization is closing in on the $100 billion level. This comes as Bitcoin price dropped to its intraday lows of $97K earlier, but has since shown signs of recovery.

In response, Dogecoin price has moved up in price, registering single-digit but significant gains. But will DOGE’s momentum continue, or will it continue to accumulate before pumping further?

Dogecoin Price Analysis – Highly Volatile and Driven By Macroeconomic Conditions

Despite having no utility, Dogecoin has been a formidable cryptocurrency thanks to the likes of Elon Musk rallying behind it when time requires it. This has continued to keep the DOGE market volatile.

As soon as investors made a move to engineer a “panic-rally” around Bitcoin, the meme coin market moved up, with the Dogecoin price surging by 5% on the daily charts. However, it is still down by more than 24% since January 18th, 2025.

That drop happened due to the arrival of TRUMP, which saw a large portion of investors closing their positions on other meme coins – including Dogecoin – and jumping on the TRUMP bandwagon. However, the recent dump of TRUMP led to the meme coin market bleeding value.

Thankfully, the Bitcoin recovery is pushing life back into the market again, but it is not by much. While the overall sentiment around Dogecoin is positive, it is accumulating within the same $0.3 – $0.5 zone as it has been doing since November 2024.

What adds to this expectation of sideways trading is that the Relative Strength Index (RSI) is also right in the middle, indicating that while the market will continue to be volatile, Dogecoin is unlikely to break through the trendline anytime soon.

This is an important consideration because Dogecoin hasn’t mirrored Bitcoin reaching its ATH level. And even if Bitcoin is able to do so, the best the market can hope for, at least right now, is DOGE retesting its 2024’s high, for which a jump of approximately 46% is required. At the time of writing, DOGE is trading around the $0.33 level and it has a market cap of over $49 billion.

Can the DOGE Price Reach New Highs Soon?

Dogecoin’s last surge happened in November 2024, and only because Elon Musk retweeted Melissa Chen’s tweet about Wall Street Journal journalists pronouncing DOGE in their professional radio broadcasting voice.

This is so awesome 😎 😂

https://t.co/QLixI9t1tC

This shows that even the community finds itself uneasy when talking about Dogecoin seriously. However, one of the biggest news items from the US presidential office is the executive order to establish the Department of Government Efficiency. Seeing the term “DOGE” being talked about inside the presidential suite has given people some confidence about this project.

So, when that arrives, the DOGE price can potentially reach new highs. Can a rapid surge make the golden “$1” mark a reality for Dogecoin? It is a possibility. However, these are only the external factors to consider. Whether or not Dogecoin will be implemented in some shape or form within this department remains a big question.

Dogecoin Price Prediction – 2025, 2026 and Beyond

With Donald Trump in office, his close partnership with Elon Musk will be a major driving force in how the DOGE price moves on the price charts. With that in mind, here are our Dogecoin price predictions for 2025, 2026, and 2030.

2025

2025 may prove to be a bullish year for Dogecoin. This growth is spurred by the presence of a crypto-friendly president and Elon Musk making his way into the administration. If the Department of Government Efficiency does get established in 2025, the DOGE community would feel validated about their cryptocurrency, which could give the Dogecoin price a boost.

Furthermore, there is also some buzz about Dogecoin becoming part of X money, which means that there is a possibility that Dogecoin could be a part of tipping on X (formerly known as Twitter).

Should Dogecoin be part of 𝕏 Money? 🤔

As the ultimate tipping currency of the internet, Dogecoin makes tipping fun and easy. 🐶 Imagine being able to tip any account some Doge directly on 𝕏—how cool would that be? 🔥 pic.twitter.com/TpptBYZxju

This is another reason people are optimistic about Dogecoin price. The growth, however, will still be volatile, and even if it is parabolic, it will likely remain within the current constraints. Our conservative view is that Dogecoin will move up to $0.5 to $0.6 by the end of 2025.

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