Dogecoin, the internet’s favorite memecoin, is surging while the overall crypto market is trading in red due to the profit taking by investors. Dogecoin (DOGE), which is clinging to its spot as the 8th largest cryptocurrency by value, is up by 6% in the last 24 hours and is now trading around $0.25, a jump from $0.20 just a week ago.
But why is Dogecoin price surging today?
One key factor is the recent passage of the Genius Act in the U.S. House of Representatives. The new crypto bill offers clearer rules for digital assets, boosting confidence in the industry.
Instead of slowing growth, these clearer guidelines may encourage broader adoption of cryptocurrencies like Dogecoin.
Another big reason is the growing hype around meme coins. July alone has seen $17 billion flow into meme tokens, with DOGE leading the pack. Its strong brand recognition and deep liquidity make it the first choice for traders looking to ride the meme coin wave.
In addition to this, the recent Dogecoin’s partnership with Solana through Wormhole’s ZK bridge is another major boost. This integration allows DOGE to be used in decentralized finance (DeFi) applications and NFTs, expanding its use far beyond memes and tipping.
At the same time, whales are loading up on DOGE. Data from Ali Martinez shows that large investors bought over 1 billion DOGE (worth about $250 million) in just 48 hours.
Adding to the excitement, Bit Origin recently announced a $500 million fund to build its Dogecoin treasury.
However, crypto analysts Ali Martinez believe DOGE could soon test resistance at $0.27. If it breaks and holds above this level, targets of $0.30–$0.36 become possible, with some even predicting $0.50+ if momentum continues.
For now, Indicators like RSI and MACD remain bullish without showing extreme blow‑off conditions. Breakouts through prior resistance attracted momentum traders, adding a second wave of buys.
DOGE may hit $1.07 by 2025, with a low of $0.62 and an average of $0.84, driven by market trends and adoption.
DOGE is projected to reach $2.50–$3.00 by 2030, averaging $2.75, fueled by utility and market optimism.
DOGE could range from $14.22 to $25.02 in 2040, averaging $19.62, depending on adoption and market trends.
DOGE may soar to $54.99–$154.91 by 2050, averaging $104.95, driven by long-term utility and hype.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The wider crypto market has signaled bullish sentiment akin to Gold and Silver, which hit…
Crypto markets are entering a powerful accumulation phase, and investors are zeroing in on assets…
The broader crypto market is showing early signs of recovery, with the global market cap…
Beijing-based investment bank China Renaissance is reportedly in talks to raise around $600 million to…
In what could mark one of the most significant turning points in the evolution of…
Many analysts are beginning to focus less on short-term price action and more on long-term…
