Dogecoin is rallying in the charts and is up nearly 30% in the last 24 hours. The leading meme cryptocurrency kick-started a rally minutes after Bitcoin climbed above the $62,000 mark on Wednesday. DOGE is bringing back memories of 2021 when it delivered life-changing gains to early investors. The future looks bright for the meme coin as a new forecast suggests that its price could surge by another 250%.
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This puts Dogecoin on a pedestal as it is now among the top-performing cryptocurrencies this year in 2024. A leading price prediction firm has estimated that DOGE could continue the rally well into 2025. In this article, we will provide a price prediction on how high DOGE could trade in the next 12 months or more.
Dogecoin: DOGE Estimated To Spike Another 250%
The Finder’s panel of cryptocurrency experts predict that Dogecoin could rise by another 250% from its current price of $0.12. According to the Finder’s panel, DOGE could sustainably scale up in the charts to reach the $0.33 level in 2025. That’s an uptick and return on investment (ROI) of approximately between 230% to 250% from its current price.
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The leading cryptocurrency on-chain and price prediction firm Finder remains bullish on Dogecoin with a positive outlook. “There’s a grassroots loyalty in some investors ideologically aligned to its community roots and origin story,” said Paul Levy, a Senior Lecturer at the University of Brighton.
Despite all the odds, the DOGE cryptocurrency has maintained its fame and never lost out on investors’ loyalty. The meme coin boasts a sea of fan followers who stick to it through thick and thin. This makes Dogecoin stand apart from the rest of the cryptocurrencies in the market.
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At press time, Dogecoin was trading at $0.12 and is up nearly 28% in the 24-hours day trade. However, DOGE is down close to 83% from its all-time high of $0.73, which it reached in May 2021.