Dogecoin To Hit $1? Expert Calls It A Realistic Goal For 2025 – Here’s Why

Christian Encila

Last Updated: January 5, 2025 2:00 pm

3 mins read

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A known cryptocurrency analyst expressed his optimism about the possibility that the popular meme coin, Dogecoin, would reach the much awaited $1 per coin mark.

Market analyst Trader Tardigrade believes the $1 mark is still feasible for DOGE’s price upswing in four days after welcoming the new year, indicating that the meme coin has entered a bullish period.

$1 Per Coin Feasible

Tardigrade believes that reaching the much-anticipated $1 milestone for Dogecoin is reasonable as the popular meme coin now ventures into the so-called Distribution phase.

The market expert said that DOGE needs a 157% surge in its price to reach the coveted $1 level, adding that the price level is achievable soon as the meme coin follows the “Power of Three” pattern.

“$Doge $1 is a reasonable target in this pattern,” Trader Tardigrade said in a post.

Last year, Dogecoin achieved an impressive 252% price hike although towards the end, in December, it encountered bearish conditions that saw its price slide by 25%.

#Dogecoin daily candle closed.
It has just entered Distribution phase in the “Power of Three” (PO3) pattern 🔥$Doge $1 is a reasonable target in this pattern 🚀 pic.twitter.com/AoVdmTnwOl

— Trader Tardigrade (@TATrader_Alan) January 4, 2025

Power Of Three Pattern

Tardigrade revealed that Dogecoin has arrived at the Distribution phase, one of the three phases under the Power of Three pattern.

The crypto analyst defined the Power of Three pattern as a structure with three phases that DOGE follows throughout its market cycle. The three phases are accumulation, manipulation, and distribution.

According to Tardigrade, the Accumulation Phase began after DOGE’s price increased significantly in November 2024, which can be linked to the cryptocurrency market’s upbeat outlook following Donald Trump’s victory in the US presidential election.

The crypto expert added that the meme coin went through steady price hikes and gained investor optimism during this phase.

The Accumulation phase ended on December 17, signaling the arrival of the Manipulation phase, wherein investors saw DOGE price took a dip.

DOGE market cap currently at $56.4 billion. Chart: TradingView.com

Trader Tardigrade said that December had been a bearish period for DOGE, wherein its price went down and had a consolidation, adding that this phase continued until the end of 2024.

During this turbulent period, Dogecoin lost around 25% of its value. However, the market analyst said that the Manipulation phase was essential for the meme coin because it prepared DOGE for the next phase, the Distribution phase.

The Distribution phase began in the first four days of 2025 wherein the meme coin moved towards recovery by posting a 23.15% price increase in that four-day swing.

$1 Dogecoin Can Be Achieved

Trader Tardigrade clarified that DOGE would soar to the highly expected $1 per coin because of the favorable conditions in this phase.

A 157% price increase would push Dogecoin to $1 from its current price of $0.38961, according to the analyst, who also stated that the bullish forecast for the meme crypto is based on its past price swings.

A feat the crypto analyst predicted Dogecoin could achieve since November 2024, the meme coin successfully pulled off a 160% price surge. Therefore, a 157% increase seems realistic.

Featured image from Pixabay, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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