Alex Harrison
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$DOGE
🔥Dogecoin (DOGE) Still Far from $0.50, Can It Reach $5 in 2025?
Dogecoin’s (DOGE) impressive start to the year was cut short when it dipped over 25% from its cycle peak. However, momentum is gathering for another major run, spearheaded by the buzz about ETF approval.
Dogecoin’s Path to $5: A Difficult Journey
Dogecoin has dropped 47% since December in extreme volatility. Despite gaining 7% to trade at $0.27 in the past day, DOGE’s price remains below the 50% Fibonacci Retracement level of $0.2825, indicating bearish control.
Recent ETF speculation has boosted the market mood, but historical trends suggest a bleak future. According to Kalshi statistics, the likelihood of DOGE hitting $1 by June 2025 has decreased to just 5%, while the possibility of January 2026 is 19%, down from 60% last November. To reach $1, DOGE would need to climb 400% from its present price, making a $5 aim an even greater struggle. Despite these setbacks, according to a well-known crypto analyst on X, highlighted three DOGE breakout targets: $0.4993, $0.5740, and $0.6543. Analysts think a breach over $0.29 might alter momentum in Dogecoin’s favor, potentially reigniting bullish optimism. However, market fundamentals are concerning. DOGE has no hard supply cap, which means new coins constantly enter circulation, diminishing the scarcity-driven value proposition. With 146 billion DOGE in circulation, reaching $5 would necessitate a $1.4 trillion market cap, an implausible increase from the present $37 billion valuation in the short term. While ETF clearance spikes hope, a sustained rally above $5 is doubtful without institutional backing and good market fundamentals.
#LitecoinETF #VIRTUALWhale #BybitSecurityBreach #BinanceAirdropAlert
🔥Dogecoin (DOGE) Still Far from $0.50, Can It Reach $5 in 2025?
Dogecoin’s (DOGE) impressive start to the year was cut short when it dipped over 25% from its cycle peak. However, momentum is gathering for another major run, spearheaded by the buzz about ETF approval.
Dogecoin’s Path to $5: A Difficult Journey
Dogecoin has dropped 47% since December in extreme volatility. Despite gaining 7% to trade at $0.27 in the past day, DOGE’s price remains below the 50% Fibonacci Retracement level of $0.2825, indicating bearish control.
Recent ETF speculation has boosted the market mood, but historical trends suggest a bleak future. According to Kalshi statistics, the likelihood of DOGE hitting $1 by June 2025 has decreased to just 5%, while the possibility of January 2026 is 19%, down from 60% last November. To reach $1, DOGE would need to climb 400% from its present price, making a $5 aim an even greater struggle. Despite these setbacks, according to a well-known crypto analyst on X, highlighted three DOGE breakout targets: $0.4993, $0.5740, and $0.6543. Analysts think a breach over $0.29 might alter momentum in Dogecoin’s favor, potentially reigniting bullish optimism. However, market fundamentals are concerning. DOGE has no hard supply cap, which means new coins constantly enter circulation, diminishing the scarcity-driven value proposition. With 146 billion DOGE in circulation, reaching $5 would necessitate a $1.4 trillion market cap, an implausible increase from the present $37 billion valuation in the short term. While ETF clearance spikes hope, a sustained rally above $5 is doubtful without institutional backing and good market fundamentals.
#LitecoinETF #VIRTUALWhale #BybitSecurityBreach #BinanceAirdropAlert
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