The meme coin community will have to wait longer to witness Dogecoin (DOGE) reach the coveted $1 mark. Throughout the past 12 months, the DOGE community has been rooting for the asset to hit this milestone. While the several rallies that occurred this year gave the community hope, DOGE could only reach a maximum price of $0.4835. Despite this, the market is expecting the OG meme coin to kickstart 2025 on a good note.
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Dogecoin Struggles On The Final Day of 2024
At press time, Dogecoin was trading at $0.3209. This marks a major drop from its recent peak. The asset has been trading well below the $0.40 zone for several days now.
This dip comes during a time when Elon Musk was seen indirectly supporting a rival meme coin instead of DOGE.
The man behind Tesla and DOGE has been making headlines after changing his avatar to the one linked to the Pepe the Frog meme. This further prompted a group of anonymous coders to create the PEPE meme coin in April of last year.
Additionally, Musk changed his X name to Kekius Maximus, which sparked the rapid development of the currency of the same name, KEKIUS. Musk has been tweeting from his new account under the new name for the last day.
Instead of Dogecoin, PEPE was seen raking in gains. Over the past 24 hours, the meme coin was up by 9% while DOGE and the rest of the market plummeted.
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Price Prediction
PEPE will likely continue reigning while DOGE takes a backseat. According to data from CoinCodex, the OG meme coin will record a drop over the next couple of days. To be precise, on January 1, the asset will trade at $0.317. This is a notable dip from its current price level.
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