Dogecoin Struggles At $0.20: Will DOGE Price Hit $1 In 2025?

Dogecoin (DOGE) is struggling to maintain a price above $0.20, despite recent attempts at recovery. Currently trading at $0.1998, the original meme coin has seen mixed results, with a 5.36% increase in the past 24 hours. However, it remains significantly below its all-time high of $0.7386, reached in May 2021. With a market capitalization of $29.52 billion, the question remains: can DOGE overcome its current challenges and reach the $1 milestone?

Technical analysis suggests a difficult path ahead for Dogecoin. Medium-term price action shows a pattern of lower highs and lower lows, with DOGE failing to sustain support above $0.24 during recent attempts to gain momentum. The 14-day price chart reveals a concerning 20.6% decline, indicating increased selling pressure despite brief rallies. Over the past 24 hours, DOGE has traded between $0.1855 and $0.2062; the seven-day range is slightly wider, from $0.1853 to $0.2398. However, the yearly performance shows a more positive trend, with a 5.4% growth over the past 12 months, suggesting the possibility of larger cyclical patterns.

Supply dynamics and inflation pose significant hurdles to a DOGE price surge. According to Coincodex, DOGE's circulating supply is currently 147.74 billion tokens, with a yearly inflation rate of 3.07%, adding approximately 4.40 billion new DOGE to the supply annually. Unlike Bitcoin's 21 million supply cap, Dogecoin has no supply limit. This inflationary design, intended to encourage spending rather than hoarding (as DOGE was initially conceived as a tipping token), creates persistent selling pressure that any price appreciation must overcome. Reaching $1 would require the market to absorb not only the existing 147+ billion tokens at higher prices but also the roughly 4-5 billion additional tokens mined each year.

Changelly's 2025 price predictions offer a more cautious outlook, suggesting a minimum price of $0.156, a maximum of $0.491, and an average trading price around $0.825 by the end of 2025.

When will Dogecoin hit $1? Dogecoin's price history reveals periods of extended accumulation followed by sharp, short-lived rallies. Its all-time high in May 2021 followed years of trading at fractions of a cent.

More optimistic long-term projections exist. Forecasts for 2030 suggest a potential steady rise, from an average price of $0.907 in January 2030 to $1.14 by August, with monthly minimums increasing from $0.877 to $1.11 and maximums from $1.05 to $1.29.

While the path to $1 by 2025 presents challenges, Dogecoin's cultural relevance and dedicated community offer significant intangible factors that could influence its long-term trajectory.