Dogecoin is the largest meme coin in the crypto industry. It boasts a valuation worth tens of billions of dollars, which is quite impressive for a meme token. Understandably, it has become the go-to for every investor willing to bet on meme tokens. But given DOGE’s questionable performance in the last month, is it still a trusted source for tangible meme profits? Or is there a different coin, more suitable for 100x gains? Read on to find out.
Dogecoin falls upon difficult times
Like most meme coins, Dogecoin price escalated significantly at the turn of the new year, buoyed by Donald Trump’s presidential victory and positive market sentiments. But after that, the coin hasn’t had much room to breathe.
Dogecoin market cap over the last year. Source: CoinGecko
After hitting a peak above $0.4 in January, DOGE gradually fell to a low of $0.15 in March. Since then, DOGE has struggled to gain traction or trade consistently above $0.20. Its market cap also depreciated from $70 billion to its current level around $30 billion. This encapsulates how bad things have gone for the token, but according to experts, there’s light at the end of the tunnel.
The case for a Q4 revival
As we approach the final quarter of the year, there’s a sense of optimism amongst DOGE holders. That’s because this period is often characterized by spurious market activity, with tokens rallying strongly as capital inflows skyrocket.
Dogecoin is expected to mount a comeback during this period, especially if Bitcoin and other blue chip crypto assets hit new highs. Online chatter could pivot to meme coins and interest in this class of crypto asset could pick up once more.
Dogecoin price prediction: How high can DOGE market cap get in the next 3 months?
Dogecoin currently trades around the $0.20 level, consolidating after months of downside pressure. Price action shows that the coin is holding a critical support zone between $0.20 and $0.22. This is the point at which buyers step in to absorb selling pressure.
From a structural perspective, DOGE has gone through a full accumulation – distribution – markdown cycle and is now stabilizing in a re-accumulation phase. This zone is crucial for determining the next major move.
Source: Doshsai/CoinMarketCap
If $0.20 support holds, DOGE could be gearing up for a new bullish wave, with $0.30 and $0.40 as the first key milestones. This would take the Dogecoin market cap as high as $70 billion. However, a breakdown below $0.20 would weaken the structure and risk further downsides.
The bottom line: Is Dogecoin still a top investment destination?
Given its status and potential market cap expansion in the next couple of months, Dogecoin is still a decent crypto investment option. An end-of-year rally could push DOGE above $0.40 or even higher, helping DOGE holders rake in decent profits.
But for smarter investors and those seeking better upsides, LayerBrett (LBRETT) is a more lucrative coin. A new meme token with real utility, it looks set to rally stronger than DOGE ever could as 2025 runs to an end.
That is because LBRETT doubles as a layer 2 solution on Ethereum and also offers its users mouthwatering staking rewards with +1,000% APY. Its presale has been a huge success, with investors rushing its tokens, which currently go for $0.005 a pop. LBRETT is the next breakout 100x meme star, and smart money is already flowing into it.
Layer Brett is in presale now, but it’s moving fast. Get in early, stake while rewards are high, and don’t miss your shot at the next 100x crypto!
Website: https://layerbrett.com
Telegram: https://t.me/layerbrett
X: (1) Layer Brett (@LayerBrett) / X
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
