The first two weeks of this year were not a good omen for the cryptocurrency market. However, the situation took a turn this week. As January passed the midpoint, a market rally propelled many assets. One of the biggest winners was Dogecoin. Due to its continuous surge, analysts expect DOGE to reach a high of $0.80, but when will this happen?

 

The meme coin leading in market capitalization is in a favorable position as it enters what should be a crucial weekend. In fact, the token has long been associated with Tesla CEO Elon Musk, who will be in charge of the upcoming DOGE committee of US President - elect Donald Trump. Its emergence and Trump's inauguration may drive the token price even higher in the near future.

 

 

Entering 2025, there have been high hopes for the digital asset industry. With Donald Trump's impending return to the Oval Office, the market anticipates an influx of pro - cryptocurrency policies. Now, with only three days to go until his inauguration, there is a growing expectation that he might make a splash with revised digital asset regulations.

 

Although the entire market will benefit, one interesting token is Dogecoin. In fact, it has been associated with Elon Musk, who self - identifies as the "godfather" and has become a key figure in Trump's re - election campaign. As the asset surges in the ongoing market rally, analysts expect Dogecoin (DOGE) might reach $0.80, but when?

Over the past seven days, Dogecoin has been booming. Specifically, according to data from CoinMarketCap, the leading meme coin has increased by more than 22% during this period. Additionally, a 6.9% increase on Friday firmly placed the token's price above the $0.40 mark.

 

So, what should traders expect from the token? Well, there are big things in store. Projections released by the cryptocurrency price prediction platform CoinCodex suggest that by April this year, DOGE could reach $0.82. Moreover, this prediction would represent a significant 174% increase for the asset.

That's not all, as the platform also forecasts that the token will finally achieve its $1 dream this year. Specifically, analysts point out that DOGE will reach an annual high of $1.13 in the same month. Furthermore, this increase would set a new all - time high for the token.