Dogecoin has rallied 8.4% in the daily charts, 9.1% in the weekly charts, 30.1% over the previous month, and more than 120% since August 2024. Despite the rally, CoinGecko’s DOGE data shows a 1.7% correction in the 14-day charts. Let’s discuss if Dogecoin (DOGE) can hit the $0.50 mark in September 2025 after possible interest rate cuts.
Will Dogecoin Rise to $0.50?
DOGE’s latest rally comes after President Trump allowed retirement funds to invest in crypto assets. The move was another milestone for the crypto community. The move aligns with the rising demand for crypto exposure among institutions and investors. DOGE may find itself in 401(k) accounts in the future. The inclusion of crypto in retirement funds could lead to a major bullish reversal for the crypto market.
DOGE’s rally could also be due to the high chances of an interest rate cut in September. The crypto market faced a substantial price correction after the Federal Reserve decided to keep interest rates unchanged after its last meeting. President Trump has repeatedly asked the Federal Reserve to slash interest rates. According to the CME FedWatch tool, there is a 89.4% chance that the Federal Reserve will drop interest rates by 25 basis points next month. A rate cut will likely lead to a surge in risky assets, such as Dogecoin (DOGE) and other cryptocurrencies.
Also Read: Whale Alert: 230M Dogecoin Accumulated In 24 Hours: What Could Happen?
There is also a possibility that the crypto market will face another bearish phase. The global economy is still fragile. President Trump’s tariffs, trade wars, and slow economic growth may present substantial barriers to Dogecoin (DOGE) and the larger crypto market. An interest rate cut may provide some cushioning to a market dip. An all-out bull run may not be around the corner just yet.