The OG meme cryptocurrency Dogecoin (DOGE) continues to reign the cryptocurrency market. Despite the arrival of several new meme coins, DOGE has continued to stay at the top. Shiba Inu (SHIB) entered the industry as a ‘DOGE Killer’ but failed to rattle Elon Musk’s favorite cryptocurrency. While the market cap of the asset remains strong, the price of DOGE has been sloppy. The community is only waiting to witness better results in February 2025.
Also Read: Top 4 Cryptos Set to Soar with Upcoming XRP and Solana ETFs
A Dive Into The Dogecoin Market
Dogecoin was making headlines after Bitwise filed for an ETF. The odds of a this ETF getting a green signal this year have risen to 56%, according to popular betting site Polymarket. While several assumed that the asset would record a spike following this news, the opposite occurred. The meme coin followed the overall market trend and witnessed a drop in its price. At the time of writing, DOGE was trading at $0.3289 following a 1.25% drop over the past 24 hours.
The asset’s recent fall did not seem to impact the community. A majority of them continued to exhibit support for the meme coin. According to CoinMarketCap’s Community Sentiment chart, a staggering 87% of 268.6K individuals believe that DOGE can surge in the near future. Only 13% of them were skeptical about the asset’s rise.
Also Read: 5 US Technological Sectors To Be Affected If De-Dollarization Advances
February 2025 Price Prediction
It seems like Dogecoin will mirror its current momentum into the next month as well. The meme coin will likely trade around the same price level. According to data from CoinCodex, the maximum price that DOGE is expected to trade at is $0.3298. The average trading price of the asset during this time is $0.2968 and the lowest that the asset will be priced at is $0.2793.
Also Read: El Salvador No Longer #1? Poland Leads in Bitcoin ATM Growth!
Credit: Source link