See if the OG meme cryptocurrency Dogecoin (DOGE) will soar to a high of $2 next month.

OG meme Cryptocurrency Dogecoin (DOGE) is on the rise throughout the month. The asset has surged more than 130% during the period. Still, cryptocurrencies have failed to reach a $1 or even an all-time high. Currently, DOGE is 45% lower than the peak of 0. [] $737. The asset is still a long way from reaching $1 or even $2. Given its recent price surge, the community is betting that Dogecoin will reach that peak in December.

Did Dogecoin go up to 40 cents?

The Dogecoin market has been hovering around 0. [] $40 for some time. Earlier this month, the OG meme cryptocurrency rose to a high of $0. [] $4,775. At press time, DOGE was trading at $0.  4,013 after falling 0. 42% in the past 24 hours.

Despite the recent decline, the community and several analysts are confident that the asset is toward the $1 mark. Although initially a sarcastic joke, it has grown into a prominent asset after reaching a market valuation of nearly $60 billion. So DOGE could even soar to a high of $2. It is worth noting that Dogecoin is 398% below the coveted $2 level. 52%.

Will $2 become a reality?

Dogecoin will fall next month, according to CoinCodex. By the end of this year, the model coin is expected to trade between $0. [] 3,382,529 and $0. [] 3,382,707. Assuming an average December price of $0. [] 382,618, this means that DOGE is down 5. [] 16% from today's price. Meanwhile, if DOGE manages to record this change in its price, investors could make a 5. [] 14% profit. While this is bullish, DOGE will be trading well below $2.