The post Here’s Why Dogecoin Could Be Headed Back Toward $0.10; Experts Back Altcoin Dubbed “”XRP 2.0″” To Shine In 2025 appeared on BitcoinEthereumNews.com.

The market is towards a negative outlook for the Dogecoin price, as the price has continued struggling between $0.20 and $0.28 for the past few weeks. The drastic drop in the market cap since mid-January suggests investors might be losing confidence in the meme coin giant already. This drop in investor confidence might give a good hint as to a factor causing the Dogecoin price to continue dropping. The Dogecoin price action is already fueling a prediction that suggests the price might be heading to $0.10 soon. The high energy around Dogecoin suddenly started dropping following the meme coin surge in early January. This saw the price take a turn that has continued to look impossible to recover from since mid-January. However, although some analysts believe the current fall is a result of the crypto market’s near-term downside, a new altcoin is coming under the radar. Experts are currently favoring a new altcoin as a potential altcoin to get a big share of the market bull this year. However, a number of factors are coming together that make this new coin the “XRP 2.0” that analysts believe could get a major ride upward in 2025. Here is a breakdown of the market outlook, starting with Dogecoin. Fresh Bearish Breakout Discovered in Dogecoin Price Action There is a lot to be worried about the Dogecoin this past few weeks as the coin continues to find new lows. This is as the Dogecoin price continues falling for the fifth straight week, now trading below the 7 SMA for the third week on the Dogecoin weekly chart. This shows a bearish sign as a top analyst speculates the fall could soon hit a death cross on the weekly chart. The doge price fell below $0.32 on January 31 on the daily chart, triggering…

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Filed under: News - @ February 23, 2025 7:14 am