Will Dogecoin Price Reach $3 by 2025? Here's Why It's Very Possible

The meme coin market is making strong strides in early 2025, as the price of Dogecoin (DOGE) has risen by about 3% for two consecutive days, although the world's largest meme coin is currently struggling with resistance around $0.34. The price of Dogecoin (DOGE), currently around $0.3360, has been unable to surpass the 21 DMA line at the beginning of the day.

But after overcoming the downward trend of a few days ago, Dogecoin speculators are optimistic that the recent modest price increase may accelerate in the coming days. The support level in the form of recent low levels and the 50-day moving average (DMA) between $0.365-0.38 could pose a problem for the buying side. However, the likelihood of Dogecoin's price increasing in the short term is much higher than the likelihood of Dogecoin's price decreasing. Why is the price of Dogecoin more likely to increase than decrease The 14-day RSI of DOGE has dropped to near oversold levels as the price of Dogecoin hit a low of around $0.26 in late December. When considering the relationship between Dogecoin price and RSI over the past few months, the low level of RSI tends to form at the same time as the low level of Dogecoin price, thus acting as a good buy signal. According to that interpretation, the RSI index declining at the end of December could be a good buying signal. Analyzing the fundamental market context appropriate to the view that the present may be a great time to buy Dogecoin (DOGE) . The Trump administration's support for cryptocurrencies will take office at the White House in less than three weeks, ushering in a new golden era for the US cryptocurrency industry and the market in general. The price of Bitcoin (BTC) is expected to rise this year, especially if the United States establishes a strategic Bitcoin reserve fund. Altcoins may even perform better, as the current SEC chairman, Gary Gensler, who opposes cryptocurrencies and dislikes altcoins, will step down on January 20 to make way for a much more crypto-friendly and Trump ally Paul Atkins. That means altcoin season may be coming, also means meme coin season. And Dogecoin is set to continue to be a leading force in the meme coin market. It remains the largest currency by market capitalization, with a value of nearly $50 billion, accounting for about 50% of the circulating meme coin market capitalization according to CoinMarketCap . This leadership may further develop by 2025, when the Department of Government Efficiency (DOGE) led by Elon Musk begins controversial work and starts dominating headlines. This ensures that Dogecoin will maintain its leading market share in the so-called "meme cryptocurrency market share," ensuring strong performance. There are many reasons to be optimistic about the current price of Dogecoin. So, how high can the price go? How high can Dogecoin price go in 2025? Assuming the meme season returns, DOGE is likely to retest its highest level of 2021 and will do so quickly. In addition, the long-awaited $1 level that Dogecoin investors have been hoping for is also very likely to be achieved in the coming months. But does that mark the end of the Dogecoin bull market? History shows that it is unlikely, and Dogecoin can rise much higher than many people can understand. Let's consider the two recent Dogecoin price increases. In both the 2017 and 2021 cycles, Dogecoin surpassed the 4.236 Fibonacci extension from the previous record high. Could profits have decreased as Dogecoin has become a nearly $50 billion asset? Maybe. But if Dogecoin can only reach the Fibonacci 4.236 extension level after the highest level of 2021, it means that the price of Dogecoin will be around $3 and the market capitalization will be close to $450 billion.

This number seems too high. But if Bitcoin reaches $500,000 in this cycle in the context of the establishment of strategic Bitcoin reserve funds worldwide, that would imply a market capitalization of about $10 trillion. Dogecoin has exceeded 5% of Bitcoin's market capitalization in the past and may continue to do so in the future.