Dogecoin (DOGE), the OG meme cryptocurrency, paved the way for the arrival of an array of meme coins. Despite this, DOGE has continued to hold a stronghold in the market. The asset is now the largest meme coin, with a market cap of $15.64 billion. At press time, DOGE was trading at $0.1071 after a nearly 5% increase over the last seven days.
Also Read: Top 3 Cryptocurrencies To Watch This Week: September End 2024
Factors Influencing Dogecoinās Price Prediction
Dogecoin has been in a rut for several years now. $1 seems like a dream for the assetās investors. According to data from IntoTheBlock, 73% of DOGEās holders are making money at the assetās current price, while a dainty 25% were at a loss. The meme coin will likely become more profitable if the asset surges in the coming year.
Also Read: 500x Gains: Discover the Next Explosive Meme Coins Under $0.01!
ChatGPTās Prediction For Dogecoin in 2025
ChatGPT noted several aspects that could boost the price of DOGE next year. This includes the meme coinās use case expansion, bullish/bearish market cycle, global economic climate, and regulation. The artificial intelligence chatbot revealed several scenarios for the upcoming year.
Bullish Scenario
According to ChatGPT, the most bullish scenario for Dogecoin is that the meme coin could surge from $0.50 to $1 in 2025.
Moderate Scenario
Meanwhile, if DOGE witnesses increased adoption, the moderate range would be around $0.20 to $0.40.
Bearish Scenario
In addition, the chatbot revealed a bearish scenario. DOGE could slip to a low of $0.05ā$0.15, and Dogecoin investors could witness major volatility.
Also Read: Three Reasons Why Bitcoin (BTC) Will Surge To $100K in Q4 2024
The $1 mark could be life-changing for the meme coin holders. But anything below it would certainly be disappointing for investors.
