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$DOGE
{spot}(DOGEUSDT)
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Dogecoin remains a controversial yet potentially potent crypto asset. On the “skyrocket” side: some analysts point to technical patterns (like a possible “double bottom”) and recent bullish momentum as signs DOGE could rally — for example, a jump of up to 80% has been suggested by some, possibly pushing DOGE to around $0.42 in the near-term. Others go further, arguing that if broader adoption picks up — e.g. more payment integrations or renewed public enthusiasm — Dogecoin could approach its old highs, or even higher. Also, there are claims that Dogecoin still has a strong and active community, and some believe the coin could gradually evolve from a “meme play” toward a more utility-based crypto, which would improve its long-term sustainability.

On the flip side, several warning signs suggest Dogecoin could also underperform or even fall. Recent on-chain data indicates a drop in transaction volume tied to wallets supposedly linked with Musk, which might imply decreasing support or interest from major backers. Moreover, some critics and analysts argue the era of “Musk-induced hype” might be fading: as more large-cap cryptos and institutional investors enter the market, it becomes harder for a meme coin like Dogecoin to scale similarly. In fact, despite some positive developments, DOGE’s price performance in 2025 has underwhelmed so far.

Regarding Musk’s interest: there are clear signals that his direct influence over Dogecoin’s price and community enthusiasm has softened compared to earlier years. While he historically played a large role in promoting DOGE and bringing it to mainstream attention, some analysts now say the market has grown more immune to “celebrity-driven” pumps. That doesn’t mean he’s completely uninvolved — but relying solely on his hype is considerably riskier today.

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