Dogecoin (DOGE) is suffering from the same fate as the larger crypto market. The original memecoin has seen a drastic price dip since January of this year. According to CoinGecko’s Dogecoin data, DOGE’s price has fallen by more than 60% in the last year. In this price prediction article, let’s discuss if Dogecoin (DOGE) can reclaim the $0.20 price level before 2025 comes to an end.
Dogecoin Price Prediction: Can DOGE Hit $0.20 By The End of This Year?
Dogecoin (DOGE) last traded above the $0.20 mark in late October of this year. The crypto market, in general, has faced substantial challenges since October. Bitcoin (BTC) also climbed to a new all-time high the same month, but has since faced a steep price correction.
Dogecoin’s (DOGE) price dip over the last few months is surprising, given that the Federal Reserve has rolled out two interest rate cuts in the last three months. Rate cuts often lead to a rise in risky investments as borrowing becomes easier. However, macroeconomic uncertainties have kept investors away from the crypto market. Dogecoin (DOGE) and other memecoins have taken a particularly bad hit.
Dogecoin (DOGE) tends to follow Bitcoin’s (BTC) trajectory. The memecoin could see a rally if BTC recovers. There is a high chance that Bitcoin (BTC) will rebound over the coming months, but not before 2025 ends. Given the poor condition of the larger economy, DOGE may not reclaim the $0.20 mark anytime soon.
According to CoinCodex analysts, Dogecoin (DOGE) will continue trading at the $0.12 price level till the end of this year. The platform anticipates DOGE to rise to $0.16 on Jan. 16, 2026. However, the platform does not expect the memecoin to hit $0.20 anytime soon.
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Dogecoin (DOGE) could see some upward price action next year, but given the current market scenario, the memecoin could enter a prolonged consolidation phase before registering any big gains.