Dogecoin (DOGE) was slightly higher in the early afternoon compared to yesterday. After rising 0.6% over the past 24 hours, the price settled at $0.353 after peaking at $0.364 today. After a breakout and 10% increase since Monday, the DOGE may be poised for a massive rally.
Can the largest meme coin build momentum again and reach a new all-time high in the first quarter? In this article we take a look at how DOGE is preparing for a comeback. Not only does it receive from investors, but it can also get more support from Elon Musk.
Will the DOGE hype return and can Dogecoin become €1?
At the end of 2024, Elon Musk’s activity around Dogecoin decreased significantly. However, this may be about to change. On January 20, Donald Trump will take power in the United States, and Elon Musk will be given the freedom to make adjustments to the American system.
Musk uses his Department of Government Efficiency (DOGE) for this purpose. If it can reduce bureaucracy in the United States and improve inefficient systems, Dogecoin could benefit indirectly. This is regardless of the attention that the entire cryptocurrency market may receive after the inauguration of Donald Trump on the 20th of this month.
“SpaceX will put real Dogecoin on the literal moon.”
Elon Musk is one pic.twitter.com/a0sb5Ll9Vp
– Doge Designer (@cb_doge) January 14, 2025
Whether Elon Musk will also perform new stunts with Dogecoin in 2025 remains a surprise. Elon Musk’s support is rather important for the cryptocurrency sector, because Trump can especially boost Bitcoin. Bitcoin’s strong rise does not necessarily mean that meme currencies will explode as well, although that is of course possible.
If Bitcoin rises further and creates fear, profits will be made. In a realistic scenario, these profits would be invested in smaller cryptocurrencies, because they can rise faster than Bitcoin. In this case, Dogecoin will quickly appear on the radar.
Dogecoin price forecast
Dogecoin price regained important support at $0.34 yesterday. The 30-day moving average (yellow) can now slow the declines and support DOGE in making the next increase.
The next important resistance is around $0.395, followed by $0.414 and the December high at $0.467. A break above these levels is enough for the rally to a new yearly high above $0.48. However, the price still has to rise almost 100% from here to reach a new all-time high above $0.738.
To reach a new all-time high, DOGE will likely need a boost from the rest of the market. He may get it a few weeks after Trump assumes the presidency of the United States.
A Relative Strength Index (RSI) of 50 indicates that momentum is neutral. This means DOGE can go in any direction from here. But as long as cryptocurrencies continue to perform well this week, the price of Dogecoin is also expected to rise further.
The lack of noise makes breaking above the resistance levels ($0.40-$0.48) difficult, so we may have to wait for the well-known meme coin to return. On the upside, DOGE ended the week at around 40 cents.
Promising alternatives to Dogecoin
Dogecoin is the first meme coin and therefore has no shortage of fame. This makes it more stable compared to other meme currencies, but it also has its drawbacks. The new meme cryptocurrency – which is much more volatile than DOGE – has the potential to rise in value, while DOGE might still hit x10 in the craziest scenario.
Small coins can go much higher, but they also involve much greater risk. However, it also means that you have to invest less capital to have a chance at high profits. In this article we take a look at three altcoins you can buy at a fixed low price during the pre-sale.
Wall Street Call ($WEPE)
One of the most popular coins in pre-sale right now is the Wall Street Pepe ($WEPE). This pre-sale raised over $48.5 million and Over 34k followers on X. This is not just a meme coin that can explode due to speculation, you can also hold it to gain access to the exclusive community.
Within the community you can talk with other traders of different levels, but you can also access elite trading signals. What we can expect from these trading insights is still a big surprise, but they could provide a lot of additional profits during an uptrend.
grinding. Stacking. I focused on green. 🐸 ⚔️ pic.twitter.com/W0MbgCIoaL
– Wall Street Baby (@WEPEToken) January 14, 2025
Buy $WEPE today during the pre-sale to take advantage of the low price of $0.00036648 per token before the price rises on Friday. By purchasing during the pre-sale, you will also have the opportunity to stake your WEPE tokens at an APY of 26%. If the value of the token increases after the pre-sale, a 26% APY could make a big difference.
Now to the Wall Street Baby
Baby Mind ($MIND)
Mind of Pepe ($MIND) today offers an opportunity to invest early in the pre-sale of a new AI project. The pre-sale went live this week, meaning you can still buy $MIND at a very low price. However, don’t wait too long, the project has already raised its first million dollars.
Mind of Pepe’s AI agent quickly collects information from social media to see what sentiment is prevailing and which altcoins will explode. It shares these insights exclusively with $MIND holders and when the AI agent is crazy enough to release its own tokens, holders will be the first to know.
$MIND goes on sale today for $0.0031134 each, offering early investors the opportunity to get involved. Contribution rewards are still very high today, with a current APY of 1,759%, which is rapidly decreasing due to the number of investors choosing to participate.
Now to Baby’s mind
MEMEX Index ($MEMEX)
Don’t know which meme coin is the best and don’t feel like constantly searching for individual coins? The new decentralized Meme index ($MEMEX) could be interesting. This gives you easy exposure to the coin sector, depending on how much risk you are willing to take.
Choose from several indices, each with its own risks and rewards. As a $MEMEX holder, you have access to these indexes and will no longer have to search for coins that have the potential to explode. The advantage of the index is that when the project fails, the rest of the index does not collapse. But if the entire meme sector rises, the index grows as well.
Investing in the Meme index is still very profitable today, for example, the price of MeMEX is still $0.0152243 USD per piece, a price that rises every 24 hours. After the token launch, you can choose from different meme indexes, with safer tokens like DOGE and new meme coins that can be up to x100.
Now to the meme index