Dogecoin’s (DOGE) price has fallen below the 10-cent mark for the first time since September 2024. DOGE’s price crash comes amid a market-wide correction, with Bitcoin (BTC) dipping below $62,000 earlier today, Feb. 6, 2026. According to CoinGecko data, DOGE has fallen 10.6% in the last 24 hours, 19.5% in the last week, 27.4% in the 14-day charts, and 38.6% over the previous month. The low prices could be a good entry point to make big returns in the future. Moreover, Elon Musk as said he would put a Dogecoin on the moon next year, which could substantially boost the memecoin’s price.
Buy Dogecoin Now For Big Gains After Elon Musk’s Moon Mission?
Elon Musk is one of the biggest Dogecoin (DOGE) supporters. He has been very vocal about his admiration of DOGE’s unserious nature. Recently, Musk said that he would put an actual Dogecoin (DOGE) on the moon sometime next year. The move could lead to a massive rally for the memecoin. Buying DOGE at current prices could lead to big gains when Musk does fulfill his Dogecoin to the moon promise.
Additionally, there is also a high chance that Musk will enable Dogecoin (DOGE) payments for X’s payment feature. While there has been no official word on the development, given Musk’s previous DOGE-related actions, such as allowing clients to buy Tesla and SpaceX merchandise using the memecoin, there is a high probability X will include DOGE in its payment platform.
Also Read: Dogecoin Accumulation Mirrors 2021 Setup, Musk Is Part of It
However, Dogecoin’s (DOGE) price movements are currently following the larger market trend. Bitcoin’s (BTC) plummet to sub-$62,000 levels has led to a substantial dip in investor sentiment. DOGE may not rebound until the larger market shows some sign of a recovery. We are in bear territory right now, and DOGE’s price could see further dips in the coming days.
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