May Could Be Good For Dogecoin

Investors were relieved when Dogecoin's price rebounded in April following three months of 60% drops. On average, the meme currency is up more than 6% this month, but it cannot breach $0.2. As April winds down, investors are eagerly anticipating May. The history statistics for Dogecoin in May is below.

Dogecoin has done nicely in May on average. DOGE returns averaged 23% this month, according to CryptoRank. Despite being low, the median is positive at 2.51%. According to this statistics, Dogecoin may continue to recover.

Dogecoin climbed 19.1% in May 2024. This contrasts with the three years of negative DOGE prices. In the previous 11 years, May has ended favorably six times and negatively five times. This narrow gap predicts a bear-bull tussle this month.

The year thus far shows an intriguing pattern comparing 2025 to 2024. After four months in 2025, the charts indicate a totally opposite performance. First, January concluded negatively in 2024 and positively in 2025.

February and March 2025 were spectacular for Dogecoin, with 50% and 87.5% increases, respectively. Continuing the opposite performance pattern, February and March 2025 ended in the red with -38.5% and -17.5%, respectively.

This pattern continues into April, when Dogecoin closed the month down 39.5% in 2024 but rose 6.9% this month. If this inverse performance continues, Dogecoin might have an extremely negative May, since May 2024 finished 19.1% positive.

With hopes of rising pricing, the community remains optimistic. Recently, billionaire Elon Musk posted a badge calling him “The Dogefather” for the Department of Government Efficiency.

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