The post Will Dogecoin Reach $1? Dogecoin Price Prediction Points to $1 Target by Mid-2025 as DOGE Rides Growing Adoption – Latest Dogecoin News appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE), the leading meme crypto, has once again proven why it’s no.1, with its price climbing nearly 253% year-to-date.  The excitement surrounding DOGE is fueled by more than just hype. From new partnerships to increased utility in payment platforms, Dogecoin has seen a steady rise in real-world use cases. Some experts predict that this momentum, coupled with bullish market sentiment, could drive DOGE closer to the $1 mark by mid-2025. But can Dogecoin’s fundamentals truly support this ambitious target, or is this another case of overblown expectations? The best risk averse option is as always – diversifying. And this new project, PlutoChain ($PLUTO) might be a good option for it. PlutoChain could address one of the main problems with Bitcoin – lack of utility. It plans to do that through its own hybrid layer-2 network Dogecoin Faces Market Pressure Amid Bitcoin Dip and Rising Inflation – What’s Next for DOGE? Dogecoin (DOGE) had an impressive run in November 2024, but the last few weeks haven’t been as kind to the popular memecoin. Over the past week, DOGE has seen a slight rise of 1.4% on the weekly chart. Its performance over the last two weeks shows a steeper decline of 10.3%, and it’s down 22.77% compared to where it was a month ago. That said, DOGE is still holding on to a 3% gain on the 24-hour chart and remains up by an impressive 340% in the last 12 months This latest price dip for DOGE comes as Bitcoin (BTC) also faces downward pressure, recently falling below the $94,000 mark. The broader crypto market seems to be adjusting to macroeconomic factors, including a rise in U.S. inflation to 2.7%. The Federal Reserve’s cautious approach to monetary policy hasn’t helped the situation either. During its most recent FOMC meeting, the…

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Filed under: News - @ January 9, 2025 12:19 am