The cryptocurrency boom is in full swing, the altcoin season is just around the corner, and meme coins are becoming the most sought-after asset. This indicates one thing — DOGE aims to reach a value of $1 by the end of this year. Brave New Coin expert Jason Jones believes that Dogecoin is performing well.
Dogecoin was created in 2013 as a joke, a playful nod to the internet's love for memes and the rapid rise of Bitcoin. What started as an internet joke unexpectedly gained momentum in 2021, thanks to the support of high-profile figures like Elon Musk, who referred to the coin as a "people's cryptocurrency." Dogecoin soared to mainstream popularity, achieving a record market capitalization of over $85 billion.
Some investors believe that DOGE has already experienced its peak and reached its maximum value in 2024. However, others hold a more optimistic view, forecasting that DOGE could rise to $1 by 2025, and possibly even by the end of this year.
The current price of DOGE is $0.40. Given the incredible surge in trading volume and attention over the past few months, it is quite realistic to expect that the price could rise to at least $1 by the end of this year.