2025 Dogecoin Rally: DOGE Hits $0.3854 After Weekly Gains Exceed 20%
Investors’ attention has been drawn to Dogecoin (DOGE) because of its remarkable 20.12% increase over the past week. The potential of memecoin has once again gained attention as a result of this upsurge, the cryptocurrency market’s increasing confidence, and Dogecoin’s robust community support. As the market begins to recover, DOGE’s success has set it apart from other alternative assets, sparking interest in the factors that led to the increase. The price of DOGE was $0.3854 at the time of writing.
Whales Fuel Dogecoin Rally with $413M Investment on January 3
The rally comes after whales showed increased interest. Whales bought more than 1.08 billion DOGE, or $413 million, on January 3. The blockchain analytics website Blockchair reports that on the same day, a 399.9 million DOGE transfer, or roughly $144.9 million, was transferred from Binance to an unidentified wallet.
The head of research at Galaxy Digital, Alex Thorn, predicts that DOGE may rise 170%, hitting $1 for the first time and increasing its market value to $100 billion. A gain of more than 50% in open interest in DOGE, on the other hand, suggests that investor engagement has increased. CoinGlass reports that during the last five days, DOGE’s OI has increased from $2 billion to $3 billion.
Dogecoin will finally hit $1, with the world’s largest and oldest memecoin touching a $100bn market cap. However, the Dogecoin market cap will be eclipsed by the Department of Government Efficiency, which will identify and successfully enact cuts in amounts exceeding Dogecoin’s 2025 high-water mark market cap.
Thorn
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