The cryptocurrency industry kickstarted 2025 on a bullish note. Several assets were seen pocketing notable gains before witnessing a downfall in February. The OG meme cryptocurrency Dogecoin (DOGE) endured a similar fate. Over the past seven days alone, the asset dropped by nearly 16%. This comes after recording a downfall of 33% throughout the month. The market is positive about DOGE’s upcoming uptick despite its current drop.
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Dogecoin’s Current Market
Over the past 24 hours, Dogecoin was barely recording any major movements. Just today, DOGE was priced at a high of $0.1724 before it dropped to a low of $0.1621. At the time of writing, the meme coin was trading at $0.1683. This is much lower than Dogecoin’s monthly high of $0.2853.
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More recently, the meme coin was seen witnessing major shifts in its network activity. After a slight slow down, the DOGE network was locking in some action. Recent data brought to light by analyst Ali Martinez reveals that the active addresses in the DOGE market have recorded a rise from 110,000 to 163,000. This marks a 47% uptick throughout the past month. While this highlights recovery in the DOGE market, the community is expecting to record a major increase over the next couple of days.
How High Will The Meme Coin Trade On March 20?
Dogecoin investors are set to experience notable gains during the coming few days. According to data from CoinCodex, Dogecoin is expected to witness a surge by 131% on March 20. The firm revealed that DOGE will trade at around $0.3904 on March 20. This marks a major rise from its current price level. The next few days are also expected to be extremely bullish for the OG meme coin.
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