TLDR
- Dogecoin recently formed a “golden cross” on the hourly chart, with the price rising over 6% to $0.166
- Whale activity shows large investors acquired 80 million DOGE tokens in 24 hours, potentially signaling confidence
- AI predictions suggest Dogecoin may not reach $1 until 2026 (Grok) or 2029 (CoinCodex)
- DOGE circulating supply has increased by 40% since 2021, now at 148.83 billion tokens
- Dogecoin would need to reach a $148 billion market cap to hit $1, compared to its previous $80 billion ATH market cap
Dogecoin is back in the spotlight following a mix of bullish signals and renewed interest from both retail and institutional investors. The memecoin, known for its lighthearted origins and powerful community backing, has recently seen an uptick in momentum, prompting discussion about its future price trajectory.
The DOGE price rose over 6% to $0.166 on the day a “golden cross” appeared on the hourly chart, where the 50-period simple moving average crossed above the 200-period simple moving average. This technical indicator often suggests strengthening upward momentum.
Despite this positive short-term signal, caution remains. A “death cross” was observed on the daily chart last month, pointing to possible bearish risks over longer timeframes.
According to analysts, resistance is building at $0.181 and $0.257, corresponding to daily SMA levels. If Dogecoin can break above these points, a stronger rally could occur.
On the downside, the $0.142 and $0.129 levels serve as near-term support for the price.
Whale Activity Sparks Interest
Beyond technical patterns, Dogecoin has seen a surge in whale accumulation. On-chain data revealed that DOGE whales acquired 80 million tokens in just 24 hours.
Historically, such large-volume transactions have often preceded sharp price increases, as they represent confidence from deep-pocketed investors.
This whale behavior aligns with a trend of renewed interest in Dogecoin, driven partly by anticipation of broader market rallies and increasing discussions around memecoins as an investment class.
For now, DOGE is bouncing from a critical support zone between $0.139 and $0.150. If the price can flip $0.196 into support, a 60% rally to $0.313 could be possible.
More optimistic scenarios see DOGE climbing to $0.484 or even $1 over time, though numerous hurdles remain.
Supply Inflation Complicates Price Goals
Unlike Bitcoin, Dogecoin has an infinite supply design. This inflationary feature means that the total number of DOGE tokens continues to increase through mining.
Back in 2021, when Dogecoin reached its all-time high of $0.7376, the circulating supply was around 108 billion tokens. This resulted in an $80 billion market cap at the peak.
Fast forward to 2025, and the Dogecoin supply has risen by over 40% to 148.83 billion DOGE. This supply increase creates a moving target for price goals.
With the current circulating supply, Dogecoin would need to reach a market cap of approximately $110 billion just to match its previous all-time high price of $0.7376.
Going further, to reach the much-discussed $1 milestone, Dogecoin would require a market cap of around $148 billion based on the current supply.
AI Predictions and User Activity
The long-standing goal of Dogecoin hitting $1 remains a hot topic, with artificial intelligence platforms weighing in. Elon Musk’s Grok AI suggested that Dogecoin may not reach the $1 mark in 2025, pointing instead to 2026 as a more realistic target.
The CoinCodex algorithm presents an even more conservative view, predicting that the Dogecoin price will not hit $1 until 2029.
ChatGPT estimates DOGE could rise as high as $0.50 by the end of 2025 under a bullish scenario, driven by Bitcoin reaching new highs and continued whale accumulation. Its base case prediction stands at $0.30.
Dogecoin network activity tells a more sobering story. According to Santiment, the number of daily active addresses has plunged from over 1.6 million last November to just 39,507—a 98% drop.
This dramatic fall in user engagement has coincided with DOGE’s 49% price decline since the start of 2025.
Dogecoin’s future will likely depend on broader crypto market movements, particularly Bitcoin’s trajectory. Analysts suggest a strong Bitcoin rally could lift memecoins along with it.
The challenge for Dogecoin lies in balancing its meme-driven origins with real investor demand and growing on-chain fundamentals. With a golden cross, rising whale activity, and technical support levels holding, sentiment is improving.
But for the DOGE price to reach higher levels, it must overcome strong resistance, regain user engagement, and perhaps once again capture viral enthusiasm.
As always in crypto, momentum can shift quickly—and Dogecoin remains one of the most unpredictable tokens in the market.
