Will Dogecoin Reclaim Its All-Time High in 2025?
The Department of Government Efficiency initiative has put Dogecoin back in the spotlight. Find out why that might not be enough to push it to new highs this year.
Cryptocurrency prices slumped at the end of February following the $1.5 billion hack of the Bybit exchange. Dogecoin (CRYPTO: DOGE) fell 17.5% in two days. At the time of this writing, its price hovers around $0.21. It would need to gain around 260% in the next 10 months to get above its previous high. Even in the dizzying world of crypto, that seems unlikely.
Still, anything is possible, especially with Dogecoin. The popular meme coin has fame, a strong community, and a well-known backer in Elon Musk. Those three things have pushed it into the top 10 cryptos by market cap and helped it to doggedly confound its critics for years.
However, without stronger fundamentals, it is hard to see how Dogecoin will post significant gains in 2025 or the longer term.
