As the month of April inches towards the end, the cryptocurrency community is looking back at all the challenges most assets faced. Dogecoin (DOGE) was seen closing the month on a bullish note after dropping to a low of $0.1315. Most coins registered losses as opposed to gains. But things could be taking a different turn as May is all set to start. The real question is whether DOGE can carry its current trend forward and kickstart the first day of the month on a good note.
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Dogecoin Aims For $0.20
Throughout the past 24 hours, DOGE has recorded a dainty increase of 0.71%. The asset had an incredible week with DOGE climbing from a low of $0.1568 to a high of $0.1924. During this period, the meme coin saw a rise of 11.48%. At the time of writing, the world’s first meme cryptocurrency was trading at $0.1808.
The Dogecoin market has been moving fairly slowly over the past few years. The asset continues to trade 75% below its all-time high of $0.7376. Despite this, the DOGE market has managed to retain a large chunk of holders. According to data from CoinMarketCap, the Dogecoin market has a total of 65.96% holders. Traders account for 3.72%. Lastly, cruisers or holders that hold their assets between one to twelve months make up 30.32%.
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May 1 Price Prediction
Dogecoin will mostly follow its current trend. But the meme coin will likely remain around the same level and not witness a massive spike on May 1, 2025. According to data from CoinCodex, DOGE will trade at $0.1826 on the first day of the coming month. The asset will record a dainty rise of 1.18% from its current price level. It should, however, be noted that it is only the beginning of a long month, and DOGE could see a reversal in trend.
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