The meme coin group should wait longer to witness Dogecoin (DOGE) attain the coveted $1 mark. All through the previous 12 months, the DOGE group has been rooting for the asset to hit this milestone. Whereas the a number of rallies that occurred this yr gave the group hope, DOGE might solely attain a most value of $0.4835. Regardless of this, the market is anticipating the OG meme coin to kickstart 2025 on a superb word.
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Dogecoin Struggles On The Remaining Day of 2024
At press time, Dogecoin was buying and selling at $0.3209. This marks a significant drop from its latest peak. The asset has been buying and selling properly under the $0.40 zone for a number of days now.
This dip comes throughout a time when Elon Musk was seen not directly supporting a rival meme coin as an alternative of DOGE.
The person behind Tesla and DOGE has been making headlines after altering his avatar to the one linked to the Pepe the Frog meme. This additional prompted a gaggle of nameless coders to create the PEPE meme coin in April of final yr.
Moreover, Musk modified his X identify to Kekius Maximus, which sparked the fast growth of the foreign money of the identical identify, KEKIUS. Musk has been tweeting from his new account below the brand new identify for the final day.
As an alternative of Dogecoin, PEPE was seen raking in beneficial properties. Over the previous 24 hours, the meme coin was up by 9% whereas DOGE and the remainder of the market plummeted.
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Price Prediction
PEPE will doubtless proceed reigning whereas DOGE takes a backseat. In keeping with knowledge from CoinCodex, the OG meme coin will document a drop over the subsequent couple of days. To be exact, on January 1, the asset will commerce at $0.317. This can be a notable dip from its present value degree.
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