Could Dogecoin reach $1?

Could Dogecoin reach $1?

 Traders believe it might rise by 140% before February. Analysts think there's a 60% chance that Dogecoin will hit $1 before January 31. On January 17, Dogecoin's price increased by 10%, reaching $0.42. If it stays above $0.40, it could indicate a positive change for the coin, which has been stuck between $0.30 and $0.45 since November 11. With the crypto market gaining momentum as Donald Trump prepares to return to the White House, traders are hopeful for another surge in Dogecoin next week.

Currently, Dogecoin is one of the strongest coins after Bitcoin and XRP. A crypto trader named Daan Crypto pointed out that Dogecoin's recent price increase happened after it spent time trading between $0.30 and $0.33. However, at the start of 2025, it dropped below $0.40 again.

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