Dogecoin's daily chart has risen by 8.4%, the weekly chart has increased by 9.1%, and it has seen a month-on-month rise of 30.1%, having increased by over 120% since August 2024. Despite the rise of Dogecoin, CoinGecko's data shows a 1.7% pullback on its 14-day chart. Let's explore whether Dogecoin (DOGE) can reach the $0.50 mark by September 2025 after a possible interest rate cut.
Will Dogecoin reach $0.50?
The latest surge of Dogecoin (DOGE) came after President Trump allowed retirement funds to invest in crypto assets. This move is another milestone for the crypto community. It aligns with the growing demand for crypto assets from institutions and investors. Dogecoin may potentially be included in 401(k) accounts. Incorporating crypto assets into retirement funds could lead to a significant bullish reversal in the crypto market.
The rise of DOGE may also stem from the high likelihood of an interest rate cut in September. After the Federal Reserve decided to keep interest rates unchanged at its last meeting, the cryptocurrency market faced a significant price correction. President Trump has repeatedly called for the Federal Reserve to lower interest rates. According to the Chicago Mercantile Exchange (CME) FedWatch tool, the probability of the Federal Reserve cutting rates by 25 basis points next month is 89.4%. A rate cut could cause risk assets (such as Dogecoin (DOGE) and other cryptocurrencies) to soar in price.
The cryptocurrency market may also face another bear market. The global economy remains fragile. President Trump's tariffs, trade wars, and slow economic growth could pose significant obstacles for Dogecoin (DOGE) and the entire cryptocurrency market. A rate cut might provide some buffer against market declines. A full-blown bull market may not yet be on the horizon.
