Dogecoin (DOGE) has faced a massive price correction amid a market-wide crash. The original memecoin is at a multi-month low, falling more than 69% since December 2024. According to CoinGecko data, DOGE’s price has fallen 2.5% in the last 24 hours, 10.8% in the last week, 12.4% in the 14-day charts, and 28.3% over the previous month. Let’s discuss if Dogecoin (DOGE) is doomed or if the popular memecoin can recover its price.
What To Know Before Selling Your Dogecoin During The Price Crash
While Dogecoin’s (DOGE) current predicament is concerning, the memecoin may pick up the pace over the coming weeks. The Federal Reserve is expected to further lower interest rates later this month. Rate cuts often lead to more inflows into risky assets. Memecoins, being among the riskiest of assets, may benefit from such a development. Another rate cut could trigger a market-wide bull run.
Dogecoin (DOGE) also saw the launch of two ETFs, namely from Bitwise and Grayscale. Although both DOGE ETFs saw underwhelming launches, the trend could change in the coming weeks. ETF inflows have played a vital role in the current market cycle. DOGE’s ETFs could see increased inflows once the market recovers.
There has also been a lot of talk about Dogecoin (DOGE) being included in X’s payment feature. X owner, Elon Musk, has enabled DOGE payments for many of his business ventures, such as Tesla and SpaceX merchandise. Dogecoin (DOGE) fans and investors anticipate a similar pattern for X as well. If DOGE is accepted on X, the memecoin could see a massive surge in adoption. Such a development could propel the memecoin’s price to new heights.
Also Read: Dogecoin vs Shiba Inu: Which Meme Coin Will Lead the 2026 Surge?
A recent Grayscale report highlighted that Bitcoin (BTC) could climb to a new all-time high in 2026. BTC hitting a new peak could lead to other crypto assets following suit. Dogecoin (DOGE) has often followed BTC’s trajectory. A BTC rally could allow DOGE to recover its losses as well.