The OG meme cryptocurrency Dogecoin (DOGE) was exhibiting a movement similar to that of Bitcoin. After a notable spike during the weekend, the asset was slowly dropping. The past week has been rather challenging for the cryptocurrency as it dipped by over 8%. It looks like this trend was being carried into the new week, as the meme coin was seen struggling on the first day of the new week. Despite this setback, the community remains optimistic about DOGE’s rise during the coming few days.
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Can Dogecoin Reclaim $0.30 Soon?
At the time of writing, DOGE was trading at $0.2193. This comes after a 0.75% drop over the past 24 hours. Amidst this dainty price decline, the volume of the asset saw a notable uptick. The 24-hour volume of Dogecoin was at $2.77 billion following a 103.56% rise.
During a time of increased volatility, Dogecoin whales have made rather daring movements in recent weeks. These large investors have been amassing over 1 billion DOGE. This raises their overall holdings to 25.97 billion DOGE, according to recent data. This shows the high level of institutional and high-net-worth trust in the coin’s future.
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May 25 Price Prediction
According to CoinCodex, DOGE is likely to observe a change in its trend in the coming days. The company said that the OG meme coin will show a small increase this week but will ultimately fall. Dogecoin will be trading at a low of $0.1986 on May 25. This represents a significant decline from where it is currently trading. The meme coin frenzy was not long enough for DOGE to reach a high of $0.30. The community is hoping that the rest of the month might be good for the meme coin.
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