Dogecoin Price: What’s Coming Next For Dogecoin? Price Rally or Sell-Off

As the crypto market has entered a new phase after Bitcoin Halving, Dogecoin lovers are eyeing the $1 target set years ago. With many speculations and predictions, the hype of the Dogecoin price hitting $1 has persisted for years, but now the recent Hundal interview has highlighted a totally different possibility.
So, what is coming next? $1 or a collapse? Let us discuss that in this blog.

Dogecoin Price Analysis

At the time of writing, Dogecoin price is around $0.1515 after a 3.18% spike in the week. However, the price has dropped more than 6% from yesterday. The market capitalization of DOGE has faced a similar fall, where the value is around $21,819,439,369. This fall seems to be a part of a market collapse, where the global market cap has declined more than 3%.

Interestingly, the meme coin is still in demand as the trading volume has surged by more than 24%, leading to $1,427,505,924.

Like any other cryptocurrency, March was the month of gains for Dogecoin, as the meme coin rose to a high of $0.2201. Despite that surge, the Dogecoin price was nowhere around the $1 mark. Even the highest value Dogecoin has achieved in a decade was $0.73, which was still 36% far from the target.

Is the goal achievable or just hype, is more than a question as the investors have been waiting for that to happen for years.

Pav Hundal Calls $1 Dogecoin Price Crapshoot

Swyftx exchanges analyst Pav Hundal has given a skeptical analysis of the Dogecoin price performance. In a recent event, he talked about the high numbers of Dogecoin holders, eyeing even a minor price surge to sell off to make any profit. He believes these holders have stuck with Dogecoin since 2021, when DOGE was at its prime, and are under loss with low DOGE prices.