Dogecoin is one of the leading cryptocurrency tokens in the industry. The token is striving to break through resistance levels and exceed market expectations, which fully demonstrates its strong momentum and development speed. With the altcoin index climbing to 53, Dogecoin is currently aiming for significant price targets. Will the growing interest from investors help Dogecoin reach new highs? Let’s wait and see.
Dogecoin: What is the role of this token?
Dogecoin is gradually becoming mainstream, mainly because the token was recently adopted by a company called Bit Origin. This Bitcoin mining infrastructure company has incorporated Dogecoin into its funding pool, ultimately purchasing $10 million worth of Dogecoin.
When discussing the company's decision to explore DOGE as its meme coin treasury, the company shared how it believes DOGE is the perfect token for small payments, 'about to reach a turning point.'
Bit Origin's CEO, COO, and Chairman Jiang Jinghai stated in a statement: 'Based on our mining experience, we understand the trade-offs faced by proof-of-work systems. We believe that Dogecoin's practical potential in the small payment sector is approaching a turning point, thanks to the revival of developer activity and broader institutional interest in tokenization.'
In addition, the price chart for Dogecoin in July also shows signs of potential upward movement. According to renowned cryptocurrency analyst Tardigrade, Dogecoin has reached a consolidation top and may enter a 'surge' phase, setting new price peaks.
DOGE price prediction for July 31, 2025
According to CoinCodex data, the price forecast for Dogecoin on July 31 includes the token actively exploring the $0.25 price mark:
By mid-August, the token is expected to surge and reach a new price peak of $0.31:
Based on our current prediction for Dogecoin's price, it is expected to rise by 16.71%, reaching $0.308261 by August 21, 2025. According to our technical indicators, the current market sentiment is bullish, with the fear and greed index showing 72 (greed). Over the past 30 days, Dogecoin has risen on 20 out of 30 (67%) trading days, with a price volatility of 16.92%. According to predictions for Dogecoin, now is a good time to buy Dogecoin.
