The crypto market has recovered its bullish momentum over the past week. Considering DOGE’s history of mammoth price surges, it makes sense that there’s speculation about its potential peak in the current bull market. Let’s dive into the latest statistics and what they mean for current holders.
Dogecoin price increases as dormant tokens resurface
Since 2021, the year of memes, Dogecoin has maintained an appearance in the rank of top 10 cryptocurrencies. With almost 2 million DOGE transactions completed, what started as a joke has catapulted to around $59 billion in market cap. Despite market fluctuations, DOGE has gained support from institutions and high-profile figures like Elon Musk.
The recent spike in Dogecoin’s Age Consumed metric has gone up to 1 trillion—its highest since October 2024. This metric tracks the movement of dormant tokens in old wallets, and a large activity often means a pivotal price change in the ecosystem.
With long-term holders re-entering the market, DOGE might maintain an upward momentum, especially as Bitcoin continues to break new all-time highs. On December 17, Bitcoin reached $106,500 after a double-figure surge in the week. Typically, DOGE sees its most significant price swings when Bitcoin stabilizes, given its 0.88 correlation with BTC price.
Dogecoin technicals ahead of 2025
Over the past month, Dogecoin’s price increased by 10%, adding to a tally of 350% throughout 2024. According to on-chain activity, there’s a 2,390% surge in large transactions as active DOGE addresses exceed 157,190. The DOGE 1.14.9 update recently proved its resilience against a mid-December hack attempt, strengthening community sentiments.
From the price and RSI chart, Dogecoin consolidated above its 50-day moving average at $0.34, reflecting continued bullish support. Meanwhile, the Relative Strength Index at 48 suggested that DOGE is neither overbought nor oversold. If DOGE manages to hold this key support level and transaction volumes pick up again, a push toward $0.45 could materialize.
According to Dogecoin price prediction, DOGE is forecasted to rise by 162% and set above $1 in Q1 2025. Whereas critics have taken its inflationary supply as one of its weak points, proponents put forward low fees and fast transaction times—advocating that Dogecoin is practical for daily use.
Investors look into new project
Blockchain activity shows significant investments in $RTX from DOGE holders. Through its platform, Remittix (RTX) is redefining payment systems by allowing users to transact in 40 different cryptocurrencies but withdraw in fiat. Unlike traditional financial institutions, with hidden fees for foreign exchange and wire transfers, Remittix ensures that what you send is exactly what the recipient receives.
With the cross-border payment market projected to exceed $250 billion by 2027, Remittix is strategically positioned to lead the PayFi revolution. The $RTX presale is live, with a greater profit potential than the doggo-themed token. Secure tokens now at just $0.015 each and gain exclusive benefits like staking rewards of up to 18% APY, access to governance voting, and investment insights. Don’t miss your chance to join the next bull market leader at the lowest entry price!
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