continues to be a focus of attention in the cryptocurrency world, especially with its historic price surge of 10,000% in 98 days in 2021. Now, with renewed speculation about Dogecoin's future in 2025, investors are once again wondering: could history repeat itself? The Impact of Elon Musk and the DOGE Department
Elon Musk’s appointment to lead the DOGE Department of Government Efficiency sparked optimism in the crypto community. The Dogecoin logo being chosen as the official emblem of the department boosted DOGE supporters’ spirits, causing a 12% surge in price to reach $0.39 (around Rp. 6,311). However, market volatility quickly erased the gains, sending the price down to $0.3050 (around Rp. 4,933) in 24 hours, representing an 11% drop. This shows how dynamic Dogecoin’s price movement can be amid big news.
Can Dogecoin Repeat 10,000% Surge?
Optimism remains high in the Dogecoin community, with nearly 90% of supporters confident in the coin's long-term growth. Crypto analyst Ali Martinez predicts Dogecoin could reach $14.78 (around Rp239,016) by May 2025 if the 2021 bullish pattern repeats.
However, Dogecoin’s main challenge lies in its inflationary tokenomics. With 5 billion new tokens minted every year, DOGE’s value faces devaluation pressure. To achieve this target, Dogecoin needs a tremendous increase in demand to offset the ever-increasing supply.
So what are you waiting for $DOGE #DOGE