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The Cryptocurrency market has regained its bullish momentum over the past week. Considering DOGE’s history of huge price increases, it makes sense that there would be speculation about its possible peak in the current bull market. Let’s dive into the latest statistics and what they mean for current holders.
Dogecoin Price Surges as Dormant Tokens Resurrect
Since 2021, the year of memes, Dogecoin has remained in the top 10 cryptocurrency ranking. With nearly 2 million transactions completed on DOGE, what started as a joke has catapulted to a market value of approximately $48 billion. Despite market fluctuations, DOGE has gained support from institutions and prominent figures such as Elon Musk.
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The recent rise in the Dogecoin metric called “Consumed Age” has reached 1 trillion, its highest level since October 2024. This metric tracks the movement of dormant tokens in old wallets, and high activity often means a price change important in the ecosystem.
With long-term holders returning to the market, DOGE could maintain bullish momentum, especially as Bitcoin continues to reach new all-time highs. On December 17, Bitcoin hit $106,300 after a double-digit rise for the week. DOGE typically experiences its biggest price swings when Bitcoin stabilizes, given its 0.88 correlation with the BTC price.
Dogecoin technical analysis towards 2025
Over the past month, the price of Dogecoin has increased by 10%, adding to a total of 350% throughout 2024. According to on-chain activity, there has been a 2,390% increase in large transactions, while active addresses of DOGE exceed 157,190. The DOGE 1.14.9 update recently demonstrated its resilience to a hack attempt in mid-December, strengthening community sentiments.
On the price and RSI chart, Dogecoin consolidated above its 50-day moving average at $0.34, reflecting continued bullish support. Meanwhile, the Relative Strength Index (RSI) at 48 suggests that DOGE is neither overbought nor oversold. If DOGE manages to hold this key support level and transaction volumes increase again, a push towards $0.45 could materialize.
According to Dogecoin price predictions, DOGE is expected to rise 162% and surpass the value of $1 in the first quarter of 2025. While critics point to its inflationary supply as one of its weak points, defenders highlight its low fees and fast transaction times, arguing that Dogecoin is practical for everyday use.
Investors explore a new project
On-chain activity shows significant investments in RTX by DOGE holders. Through its platform, Remittix (RTX) is redefining payment systems by allowing users to transact in 40 different cryptocurrencies and withdraw in fiat currency.
Unlike traditional financial institutions, with hidden fees on currency exchanges and bank transfers, Remittix ensures that what you send is exactly what the recipient receives.
With the cross-border payments market projected to exceed $250 billion by 2027, Remittix is strategically positioned to lead the PayFi revolution.
The RTX pre-sale is live, with higher profit potential than the dog-themed token. Secure your tokens now for just $0.015 each and get exclusive benefits like staking rewards of up to 18% APY, access to governance votes, and access to investment analysis. Don’t miss your chance to join the next bull market leader at the lowest entry price!
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Disclaimer: This content comes to us courtesy of Remittix, who are solely responsible for the information provided here. Investments in cryptocurrencies carry risk, especially those in the pre-sale phase.
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