Dogecoin ($DOGE ) may have to endure a prolonged period of difficulty before entering a strong bull run, expected to start in April 2025.
That is the opinion of expert Master Kenobi, a user on the X platform, shared in a recent tweet.
According to Master Kenobi's analysis, Dogecoin experienced notable price fluctuations in 2024, with a spike to a peak of around $0.23, then stagnated for several months before breaking out in the final months of the year, reaching a new high above $0.40.
If this price pattern repeats, Dogecoin will likely enter a period of stagnation until mid-April 2025, before exploding again around mid-year.
Could Dogecoin Surge Sooner Than Expected?
This is an interesting hypothesis. However, Dogecoin supporters will be happy to know that the risk is now more skewed towards the possibility that DOGE price will increase sooner than expected, rather than having to wait until April next year.
Why?
The humorously named Department of Government Efficiency (D.O.G.E.) led by Elon Musk (a longtime Dogecoin supporter) will officially launch in Washington in January.
President-elect Donald Trump, who is expected to be the most pro-crypto in history, has tasked D.O.G.E. with cutting fraud and waste in government spending.
Elon Musk has already begun to make an impact in Washington. His outspoken criticism of a recent congressional spending bill on X reduced the bill’s length from over 1,500 pages to just over 100.
D.O.G.E. is expected to dominate headlines in 2025, ensuring that Dogecoin remains a major player in the meme coin market.
That said, as the Trump administration’s economic policies continue to boost cryptocurrency prices in the coming weeks, Dogecoin will become one of the top picks for outsized growth.
However, current chart analysis suggests a short-term downside risk for $DOGE .
Currently trading around $0.32, Dogecoin has dropped below its 21-day and 50-day moving averages (21DMA and 50DMA) following last week’s price plunge.
DOGE has yet to retest its early 2024 high at $0.23, a key level that bears are targeting.
Chart analysis suggests that $DOGE could continue to decline in the short term. However, if the price drops to the low $0.20 region, this could be a good buying opportunity.
With Dogecoin potentially surpassing $1 and achieving a 5x growth in this bull cycle, it is considered one of the most worth-buying cryptocurrencies today.
An Alternative to Dogecoin – Flockerz (FLOCK).
While Dogecoin is expected to do well in 2025, there are many smaller, lesser-known meme coins that have the potential to deliver massive growth.
The team at cryptonews.com keeps a close eye on the meme coin market for projects with great potential. And one of the new projects they are excited about is Flockerz ($FLOCK) – a unique meme coin powered by a DAO that allows users to earn money through a vote-to-earn mechanism.
The reason why analysts at cryptonews.com are particularly excited about Flockerz is the impressive speed of raising capital from early investors. Despite being only a few weeks old, Flockerz has already attracted over $7.7 million from potential buyers.
Combined with its outstanding social media metrics, Flockerz (FLOCK) is considered a meme coin that has the potential to make a strong breakout.
With new meme coins, like Fart Coin, recently hitting a market cap of $1 billion, the demand for creative meme coins is high. FLOCK could very well be one of the most prominent meme coins to launch in 2024.
