The Dogecoin (DOGE) market witnessed several roadblocks after its latest rally. The asset surged to a high of $0.4775 earlier this month, which further led to the community betting on DOGE reaching $0.50 or more. But now, Dogecoin was taking a backseat. The foundation behind the meme coin could be trying to boost the price of the asset.
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Dogecoin Foundation Seeks Donors, Here’s Why
To expand the community through further network development, the Dogecoin Foundation has requested an undisclosed sum. According to the Dogecoin Foundation’s X post during the weekend, developers are looking for a few significant sponsors in 2025. This is to aid finance initiatives to promote widespread adoption. The funds will reportedly be used to develop Dogebox. This is a decentralized payment system designed to empower small and medium-sized enterprises.
The Dogecoin Foundation said,
“Going into 2025 the Dogecoin Foundation is seeking to continue the open-source work we’ve been doing, especially through the new Dogebox Decentralized Infrastructure System (http://dogebox.dogecoin.org) which is the culmination of development across many projects, and the vehicle we envisage for on-boarding the first million grass-roots retailers to accept Dogecoin as a direct payment layer.“
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Price Prediction
At press time, DOGE was trading at $0.4075 following a 4.40% drop over the past 24 hours. The asset currently trades 44% below its all-time high of $0.7376. In order to reach $1, the OG meme coin must rise by 145%.
It looks like DOGE investors wouldn’t have to wait too long before celebrating the $1 milestone. According to data from CoinCodex, Dogecoin is expected to fluctuate between a price range of $0.3377448 to $1.105322 in 2025. The OG meme coin is anticipated to trade at $0.597832 on average throughout the course of the year. Given that the currency is expected to trade at 171.22% higher than it is currently, February may be the most optimistic month for DOGE.
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