Will Dogecoin Reach $1? Expert Calls It a Realistic Target for 2025

A well-known cryptocurrency analyst has expressed optimism about the popular meme coin Dogecoin's long-awaited potential to reach a price of 1 dollar per coin. Market analyst Trader Tardigrade believes that the $1 threshold could still help boost DOGE price in the four days after welcoming the New Year, indicating that this meme coin has entered a bullish phase. $1 Per Feasible Coin Tardigrade believes that reaching the long-awaited $1 milestone for Dogecoin is reasonable, as this popular meme coin is currently entering a phase called Distribution. Market experts say DOGE needs to increase by 157% to reach the desired price of $1, and they also added that this price level could be achieved soon as this meme coin follows the "Power of Three" pattern. Trader Tardigrade stated in the post: "$Doge $1 is a reasonable target in this model". Last year, Dogecoin saw an impressive price increase of 252%, although it experienced a 25% drop in December. Power of Three Model Tardigrade reveals that Dogecoin has reached the Distribution phase, one of the three phases according to the Power of Three model. Crypto analyst defines the Power of Three model as a structure with three phases that DOGE follows throughout its market cycle. The three phases are accumulation, manipulation, and distribution. According to Tardigrade, the accumulation phase begins after the significant increase in DOGE price in November 2024, which may be related to the optimistic outlook of the cryptocurrency market following Donald Trump's victory in the US presidential election.

Crypto experts also note that this meme coin has steadily increased in value, providing optimism for investors during this period. The accumulation phase ended on December 17, signaling the onset of the manipulation phase, where investors witnessed a decrease in DOGE price. Tardigrade Exchange stated that December is a period of discount for DOGE, as the price of this currency decreases and adjusts, while also announcing that this period will continue until the end of 2024. During this chaotic period, Dogecoin has lost about 25% of its value. However, market analysts believe that the Manipulation phase is necessary for the meme currency as it prepares DOGE for the next phase, the Distribution phase. The distribution phase begins in the first four days of 2025, during which this meme coin aims for recovery by increasing by 23.15% in those four days of volatility. Can achieve $1 Dogecoin Tardigrade trader has clarified that DOGE will soar to an expected price of $1 per coin due to favorable conditions in this period. According to analysts, a 157% price increase will push Dogecoin to $1 from the current price of $0.38961, who also claims that the price increase forecast for this meme cryptocurrency is based on past price fluctuations. A miracle that cryptocurrency analysts predict Dogecoin can achieve from November 2024, this meme currency has succeeded in increasing by 160%. Therefore, a 157% increase seems feasible. DYOR! #Write2Earn #Write&Earn $DOGE {spot}(DOGEUSDT)