Image001 40

Can Dogecoin Break $1? Here’s How This Market Cycle Could Push DOGE to New Highs

Last Updated: January 20, 2025By

With Donald Trump’s inauguration less than a day away, and Elon Musk set to head the Department Of Government Efficiency (DOGE), Dogecoin could be on the verge of a legendary run. The signs are already on the chart, the current price structure is reminiscent of the one preceding Dogecoin’s memorable 2021 run. With these major bullish catalysts lining up, analysts expect Dogecoin to lead the meme coin resurgence and reach the coveted $1 milestone as early as February.

Dogecoin Cools Off After Green Week

Dogecoin has slipped 8.5% over the last day, and is currently selling for $0.35. Over the last week, Dogecoin has surged by over 9%, however, selling pressure intensified right at the 0.41 resistance, forcing a sudden retracement. While on a macro level the Dogecoin chart shows a series of higher lows, suggesting ascending price action, these pockets of turbulence are delaying its almost inevitable surge.

However, as Donald Trump prepares to step in as the 47th US president, analysts believe that Dogecoin will experience another surge in buying activity coinciding with the D.O.G.E agency becoming operational. Furthermore, speculations have been circulating regarding Elon Musk’s intention to integrate Dogecoin as a payment option on X.

If this comes to pass, the Dogecoin adoption would reach unprecedented levels, and savvy investors are already positioning themselves. Meanwhile, whales have been buying up every Dogecoin dip over the last month. Most recently they have scooped up over 200 million Doge, boosting their total holdings to 23.03 billion.

On the other hand, with its $50 billion market cap, Dogecoin has already reached the point of diminishing returns. While analysts do expect Dogecoin to see a 3x-10x price multiplier at the peak of the bull run, newer, utility-focused plays that are still flying under the radar could bring significantly higher gains.

One such project is Web3 casino Rollblock, which has been consistently making waves on social media and has attracted over 40,000 early adopters. Find out why this newcomer could become the next 100x gem and outshine Dogecoin along the way.

Rollblock Rewrites The Online Casino Script

Rollblock (RBLK) aims to revolutionize the $450 billion gambling industry with its cutting-edge GambleFi platform that leverages the security and transparency of blockchain tech. In addition to this, Rollblock boasts a license from Anjouan Gaming and a comprehensive audit from Solid Proof, cementing its commitment to uphold user trust and ensure a safe gambling environment.

Rollblock stands out with its extensive library of more than 7,000 games and a brand-new sports betting platform that will allow players to bet on their favorite sporting events and championships.

Through Rollblock’s innovative revenue-sharing mechanism, users will be able to earn passive income while enjoying their favorite games. Up to 30% of Rollblock’s revenue is reinvested into open-market buybacks of the RBLK tokens. 60% of these tokens will be then burned to increase scarcity, while the remaining 40% will be redistributed to holders as recurring staking rewards.

Stage 9 of the presale is almost sold out and RBLK tokens are selling at a discount for just $0.046. This is still a perfect entry point for early investors who want to capitalize on the Rollblock revolution. With an 800% rally right around the corner and 100x moonshot expected post-launch, there has never been a better time to get involved!

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Stay informed with daily updates from Blockchain Magazine on Google News. Click here to follow us and mark as favorite: [Blockchain Magazine on Google News].

Gif;base64,r0lgodlhaqabaaaaach5baekaaealaaaaaabaaeaaaictaeaow==

Get Blockchain Insights In Inbox

Stay ahead of the curve with expert analysis and market updates.

Disclaimer: Any post shared by a third-party agency are sponsored and Blockchain Magazine has no views on any such posts. The views and opinions expressed in this post are those of the clients and do not necessarily reflect the official policy or position of Blockchain Magazine. The information provided in this post is for informational purposes only and should not be considered as financial, investment, or professional advice. Blockchain Magazine does not endorse or promote any specific products, services, or companies mentioned in this posts. Readers are encouraged to conduct their own research and consult with a qualified professional before making any financial decisions. The featured image used is just a creative depiction of the title and it does not intend to hurt sentiments of any person or institution. If it hurts anyone sentiments, please do not hesitate to reach out to Blockchain Magazine.

About the Author: Carolyna Mavis

Avatar