The post Dogecoin (DOGE) Price Prediction 2025 appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE), the seventh biggest crypto by market cap, has experienced a significant rally, surging from $0.15 to $0.43 within days, marking its highest level in over three years. The DOGE price hit $0.4761 earlier in the month as the market rallied, with anticipation building for new peaks. Related This boosted the confidence of some traders who went long on DOGE. However, price fluctuations have impacted projections. The meme coin has struggled to rebound after falling below the $0.3780 price. The rally was further fueled by a statement from the Department of Government Efficiency, which referenced “DOGE,” sparking market excitement. Source: CoinMarketCap However, after reaching a high of $0.44 on Nov. 12, DOGE corrected by 22% to $0.34 within hours. Since then, it has traded within a range of $0.34 to $0.44 as momentum slows. Elon Musk lawsuit The 2022 class-action lawsuit accusing Elon Musk and Tesla of manipulating Dogecoin (DOGE) prices has been withdrawn by the plaintiffs as of Nov. 14, 2024. The investors had alleged that Musk and Tesla engaged in a “crypto pyramid scheme” to inflate DOGE’s value, seeking $258 billion in damages. Related In the legal filing, the plaintiffs agreed to withdraw their appeal from the Second Circuit Court of Appeals and waived their right to pursue any further post-judgment relief. Both sides have also agreed to drop motions for sanctions related to the case. However, the withdrawal must still receive formal approval from U.S. District Judge Alvin K. Hellerstein for the litigation to be officially concluded. The lawsuit was centered on claims that Musk manipulated DOGE prices through media appearances and social media posts. DOGE price prediction Dogecoin is still nursing its long-term ambition to hit the $1 price mark. In its outlook for the crypto market in 2025, Mike Novogratz’s Galaxy Research said Dogecoin will…

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Filed under: News - @ January 1, 2025 6:18 pm