One more interesting case study in the cryptocurrency realm last year is from Dogecoin (Cryptography: Doge). In 2024, Dogecoin prices skyrocketed 251%. We help with S&P 500, Nasdaq Composite, and Crypto’s most popular name, Bitcoin.
Unfortunately, 2025 wasn’t as good for Dogecoin as last year.
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As of April 21st, Dogecoin prices have increased by 50% so far this year. Historical trends suggest that Dogecoin’s current price action could soon lead to a big move.
Do you have the opportunity to buy dip at Dogecoin now? Let’s look into it.
The chart below shows Dogecoin prices over the past five years. Considering the following trends, it becomes clear that Dogecoin is an unstable asset: There were quite a few spikes in the price, but you can see other details.
This means that Dogecoin tends to cost around $0.10. Generally, then it starts to rebound. But Dogecoin’s rebound is always fleeting.
Therefore, history suggests that the current level is around $0.15 and price increases may soon occur. But I think it might not unfold that way from here.
I’ve been covering DogeCoin closely over the past few months. The biggest takeaway I’ve collected from volatility in crypto prices is that it correlates with presidential election outcomes. In November, Dogecoin’s prices went parabolic following Donald Trump’s victory. but why?
Well, he created a program called the Department of Government Efficiency (DOGE), which aims to reduce spending on federal budgets. Tesla CEO Elon Musk will lead the effort. For years, Musk appeared to like Dogecoin – often posting memes on social media. Beginner investors would have seen it as support from billionaire entrepreneurs.
Given the creation of Doge and Musk’s involvement in the program, some investors may have thought Dogecoin was somehow a beneficiary. I personally think that the idea is very fetched to begin with, but Musk himself has confirmed that the US government has “no plan” to use Dogecoin in any capacity he knows.
Dogecoin prices have been slipping in for a while. And given the recent commentary on masks, my opinion is that the sale continues and Dogecoin continues to slide.
The story continues