With a 27% pump this week, Dogecoin remains a key player in the 2024-2025 meme coin bull run.
It’s currently the biggest gainer among the top 10 meme coins this week, but how far can it go?
Dogecoin Rallies On Musk’s Return, $1 On the Table In 2025
To understand DOGE’s $1 price target, we must first grasp why it’s pumping this week.
It all comes down to business mogul and one of the world’s richest men, Elon Musk, being an avid Dogecoin proponent.
Musk was the man who sent DOGE to the moon (figuratively) in 2021, and he’s back pumping the DOGE army’s bags again this month.
Musk tweeted a few days ago that “D.O.G.E will fix it” in response to a news article reporting California officials blocked SpaceX rocket launches.
‘D.O.G.E’ is an acronym for Department Of Government Efficiency – a new idea proposed by ex-president Donald Trump – who said that Elon Musk would lead it if he wins the election.
Musk giddily accepted the offer back in August, causing a spike in the Dogecoin price.
Though it may be pure coincidence that D.O.G.E mirrors Dogecoin’s ticker symbol, the memebability of this is off the charts, and there’s no doubt that Musk will gladly play along.
Ultimately, if Trump wins the election and D.O.G.E is put into action, Dogecoin will receive much attention. This week is a prime example, with Dogecoin outpacing all other top-10 meme coins because Musk tweeted, “D.O.G.E will fix it.”
So, could it hit $1?
Let’s preface this by noting its all-time high (ATH) is $0.7376.
So given this market cycle’s higher expected liquidity, it would not be unreasonable to suggest that DOGE could add another 35% to its ATH and reach $1.
Moreover, technical analysts are backing this up with chart projections.
Prominent trader Mags cites historical Dogecoin chart patterns and suggests it’s now entering a “parabolic” phase with a target of $1.17.
Meanwhile, Crow notes that Dogecoin is forming solid structural levels and targets $1 in 2025.
Dogecoin’s strength will only draw more attention to the meme coin sector, potentially enabling newer projects to rise in price at an expedited rate.
One of the most promising new meme coins is Flockerz, which is currently undergoing a presale and nearing the $1 million total raised mark.
Meme Coin Watch: Vote-to-Earn DAO Token ‘Flockerz’ Tipped to 100X
If analyst predictions are anything to go by, the forthcoming Flockerz price gains will be huge.
The project is heavily focused on decentralization, allowing holders to vote on important decisions about its future.
And that’s not all. They’re even introducing a new concept called “Vote-to-Earn,” which will pay users to participate.
In an industry where project incentives often don’t align with holders’ interests, Flockerz is creating a new system strategically geared toward fair and distributed decision-making.
In addition to governance, the $FLOCK token also has staking utility. Holders can stake their tokens while the presale is ongoing and currently garner a 1,970% APY, but this will decrease over time.
Users have multiple ways to earn with $FLOCK, which is a major benefit over most zero-utility meme coins like Dogecoin.
Analysts see this as a driver for significant gains. For instance, Jacob Bury told 99Bitcoins viewers that it could 100x in price.
Meanwhile, the Cryptonews YouTube channel says it is “going to explode” in October.
Currently, investors can buy $FLOCK for $0.0058161, but this price will rise throughout the ICO. The next increase is in two days.