The first two weeks of the year did not bode well for the cryptocurrency market. However, that took a turn this week, with a market rally propelling a host of assets as January passed its midpoint. One of the big winners was Dogecoin, as the ongoing surge has analysts projecting DOGE to reach heights of $0.80, but when?
The leading meme coin by market cap is in a great position entering what should be a critical weekend. Indeed, the token has long been connected to Tesla CEO Elon Musk, who is set to run US President-elect Donald Trump’s incoming DOGE Commission. Its presence and Trump’s inauguration could be catalysts for even greater price increases for the token in the near future.
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Dogecoin Skyrockets as Analyst Project Monumental Gains Still to Come
Entering 2025, there were always high hopes for the digital asset sector. With Donald Trump set to return to the Oval Office, the market hoped for an influx of pro-crypto policies. Now, as his inauguration is just three days away, there are growing expectations that he could explode out of the gate regarding a revamped digital asset regulation.
All though the market as a whole will benefit, one token in an interesting position is Dogecoin. Indeed, it has always been closely connected to the self-professed Dogefather, Elon Musk, who became a critical part of Trump’s campaign for re-election. As the asset has surged amid an ongoing market rally, analysts have projected that Dogecoin (DOGE) may be on its way to $0.80, but when?
Also Read: Dogecoin (DOGE) Surges: $3 Billion Volume Fuels 7% Price Jump
Over the last seven days, Dogecoin has been flourishing. Specifically, the leading memecoin has jumped more than 22% in that time, according to CoinMarketCap. Moreover, the 6.9% jump on Friday saw the token firmly situate its price above the $0.40 mark.
So, just what should traders expect from the token? Well, there are big things in store. Cryptocurrency price prediction platform CoinCodex released projects that signal DOGE could reach $0.82 by April of this year. Moreover, that prediction would see the asset jump a remarkable 174%.
That isn’t all, as the platform also projects the token to finally achieve its $1 dream this year. Specifically, analysts note that DOGE will reach a yearly high of $1.13 that very same month. Additionally, that increase would see the token achieve a new all-time high.
