seventeenth February 2025 – (New York) Cryptocurrency markets are seeing a notable shift as buyers in Dogecoin (DOGE) and XRP reassess their positions in favour of Dogen (DOGEN), a rising meme token. Following its debut on the Raydium decentralised change (DEX), DOGEN has skilled a outstanding 500% surge, capturing the eye of each retail and institutional gamers.
DOGEN’s efficiency has been spectacular since its February 4 launch. Initially priced at $0.0003 throughout a presale that raised $5.5 million, the token reached an all-time excessive (ATH) of $0.0066 earlier than stabilising round $0.002—nonetheless up 566% from its presale worth. With a completely diluted valuation (FDV) of $28 million, analysts challenge a short-term upside to $40 million, doubtlessly pushing costs to $0.004 or increased. A breakout above $0.0032 might ignite one other rally, with targets set at $0.0056 and past.
DOGEN’s attraction lies not solely in its value momentum but additionally in its rising group of over 30,000 followers on social platforms such as X (previously Twitter). Positioned as a meme token that embraces an “alpha” mindset, DOGEN has drawn comparisons to breakout tokens like BONK and Popcat. The challenge’s potential to turn into a number one meme coin on the Solana blockchain has been highlighted by distinguished crypto analysts, with some forecasting a market capitalisation exceeding $100 million.
Including to its attract, DOGEN is predicted to safe a significant centralised change (CEX) itemizing quickly, which might inject recent liquidity into the market and amplify demand. With just one billion tokens at present in circulation—10% of its whole provide—DOGEN stays extremely unstable, favouring bullish momentum as hypothesis builds.
In the meantime, DOGE and XRP are displaying indicators of restoration however stay overshadowed by DOGEN’s meteoric rise. Dogecoin has posted a modest 6.31% acquire over the previous week, with analysts eyeing a possible breakout if it will probably surpass the $0.293 resistance degree. XRP, buying and selling between $2.40 and $2.82, has gained 13.67% in the identical interval, with a bullish trajectory hinting at a possible rally towards $4.32.
