Crypto Kaleo: Dogecoin has a chance to rise to $ 2

Cryptocurrency analysts note: Dogecoin DOGE $0.05 Department Of Government Efficiency 7.88% Market capitalization $52 million VOL. 24 hours $0.34 billion shows steady growth amid the revival of the cryptocurrency market. Market players predict that the coin may reach the $ 2 level in the current cycle.

Crypto analyst Crypto Kaleo notes the strong technical momentum of the main meme token. In his opinion, the «DOGE season» continues, and the coin has the potential to set a new historical high with the possibility of rising to $ 2 and higher.

Three main factors influence the rate growth. Large investors («whales») are increasing their positions in DOGE. Meme coins are gaining popularity again amid general market optimism. There are also rumors about the possible integration of Dogecoin into the payment system of the social network X led by Elon Musk.

Experts are optimistic about the coin’s prospects. Altcoin Sherpa predicts growth to $ 1.50 to $ 2 within a year. Rekt Capital recalls the recent 50 percent growth of DOGE and considers the $ 2 target achievable.

The success of Dogecoin in 2025 will depend on three factors: the general situation in the cryptocurrency market, the activity of large investors, and Elon Musk’s statements. At the same time, analysts warn about the high volatility of this cryptocurrency.

At the time of writing, Dogecoin is trading at $ 0.26.