Despite a strong pump last October, Dogecoin’s price has remained relatively flat for the past year, currently down 1%. Volatility has decreased, and the coin is currently trading at $0.061.
However, Dogecoin’s sluggishness has not deterred crypto analysts and influencers from offering their predictions.
Let’s take a look at three DOGE price predictions as well as two new meme coins that influencers are backing.
Analysts’ Collectively On the Fence About Dogecoin Price Potential
According to Crypto Daily Trade Signals, Dogecoin’s price holds significant potential in October. The crypto analyst mentions that October is historically a strong month for crypto, with prices often climbing.
He also highlights that Novavax, Ark Invest, and Blackrock are all pushing for a spot Bitcoin ETF. Then, the analysis mentions the 2024 US presidential elections and the Bitcoin halving as key factors that could push up crypto prices in the coming months.
Regarding Dogecoin, the prominent YouTube influencer highlights its potential to reach $0.3 in 2025. He notes that the $0.06 level is currently holding as a strong support level, but its next move ultimately depends on Bitcoin’s direction.
Still, considering the bullish fundamental factors that his analysis referenced, Crypto Daily Trade Signals seems optimistic that Dogecoin could pump in the coming weeks.
Meanwhile, the popular YouTube channel Crypto Banter holds an even more bullish view on Dogecoin’s future. In a recent video, Crypto Banter’s channel discusses Dogecoin’s connection to Elon Musk and Musk’s purchase of X (Twitter).
The video denotes that Dogecoin could be used as a means of payment on X and that Musk aims for it to be an “everything app,” similar to WeChat, which is popular in China.
It then highlights the impact of Elon announcing he was buying Twitter on the Dogecoin price. Following the announcement, DOGE did a 3x.
According to the video, this illustrates that if Musk integrates Dogecoin for payments on X, then the DOGE price could reach parabolic levels. The video subtly alludes that Dogecoin could hit $1 if this occurs.
Taking a shorter-term outlook, Crypto Banter notes that Dogecoin looks to be reversing above its current support level and may be ready to break from its consolidation zone.
Despite the bullish biases of other influencers, the esteemed analyst rektcapital has shared a different perspective on the Dogecoin price, highlighting that its macro trend remains bearish.
The analyst first shared a Dogecoin descending channel on X in August, which was followed by a move to the downside.
This has led to a lower low in price but a higher low on the relative strength index (RSI) indicator. As such, Dogecoin has formed a bullish divergence, which could push the price toward the top of the descending channel at $0.07, according to the analysis.
Nevertheless, Rekt Capital notes that the broader trend remains bearish, stating, “Macro-wise, DOGE is consolidating inside this Channel until further notice.”
While the analysis does not provide a longer-term price target, a rejection from the channel resistance could push Dogecoin to lows of $0.055.
Considering this, while Dogecoin holds upside potential, its sluggish performance means that investors may be losing interest, seeking newer, vibrant, and more promising meme coins instead.
Two that may prove better alternatives are Meme Kombat and Wall Street Memes.
P2E Staking Coin Meme Kombat Raises $59K Days After Launching – Next 10x Meme Coin?
Meme Kombat is a new P2E staking coin currently undergoing a presale, which has raised $59K so far in just several days. The project takes the best from P2E, meme coins, and crypto gambling, blending them into one platform for a truly unique and exhilarating user experience.
The platform will feature epic battles between infamous meme characters, where users can wager bets on which one they think will win. There are countless ways and outcomes users can bet on, and several different mechanisms like player vs. player and player vs. computer.
It will leverage traditional betting mechanics to provide realistic and predetermined outcomes, ensuring all users have a fair chance at winning.
Furthermore, Meme Kombat boasts a staking mechanism, offering holders a generous 112% APY. This is well above the market average and was made possible by the team allocating 30% of tokens to staking rewards. Another 50% will be available in the presale, and 10% are earmarked for exchange liquidity and 10% for community rewards.
While Meme Kombat still enjoys the fun-filled viral nature of being a meme coin, its P2E and staking utility provide it with intrinsic value beyond speculation.
As mentioned by Crypto Banter, Dogecoin’s future relies heavily on Elon Musk integrating it with X to provide utility. However, Meme Kombat does not have this concern since it has utility built.
Given utility and viral meme coin allure, the presale’s $10 million hard cap will likely sell out fast. With that in mind, investors looking to buy must act quickly or face missing out.
Trending Wall Street Memes Presale Sells Out as Comparisons With Dogecoin Grow, OKX IEO Imminent
Both Crypto Banter and Crypto Daily Trade Signals have also noted that Elon Musk is a massive Dogecoin fan. However, many investors do not know Elon may also hold another meme coin close to his heart: Wall Street Memes.
Musk has engaged with the Wall Street Memes Twitter several times, and a mysterious whale recently bought $1 million worth of $WSM presale. Could this wallet belong to the billionaire tech mogul?
The whale’s $WSM holdings can be verified on Etherscan.
The presale has just sold out, reaching its $30,577,000 hard cap. Its token will go live on OKX tomorrow, with many analysts predicting significant returns. This is because the team has announced that multiple tier-one exchanges will list the token.
We have seen numerous meme coins explode following tier-one exchange listings. For example, Pepe reached a $2 billion market cap after its Binance listing earlier this year.
The team recently announced OKX as one of the first exchanges that will list $WSM. While the rest of the exchanges remain to be seen, rumors are circulating that Binance and Coinbase may be among the next.
Needless to say, this would inevitably skyrocket the project’s price. Even the association with these exchanges could provide significant potential in the coming weeks.
However, the launch is quickly approaching. Therefore, potential investors must have their devices ready because the $WSM price could take off imminently.