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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Will DOGE ( be able to break through the 1 dollar mark in 2025? This question has sparked widespread discussion in the encryption currency market. Although there is a certain possibility, achieving this goal still faces many challenges.
There are many positive factors in the market supporting the rise in DOGE prices. Technical analysis shows that DOGE may be forming a "double bottom" pattern, which, if established, could push the price up to around $0.42 in the next two years. The recent accumulation of over 120 million DOGE by large holders (commonly known as "whales") is also seen as a signal of optimism for its future trend.
In addition, if the U.S. Securities and Exchange Commission ) SEC ( approves a spot DOGE ETF, it will bring significant benefits to DOGE. Currently, the prediction market Polymarket shows that the probability of the SEC approving such an ETF in 2025 has risen to 69%. At the same time, if more merchants accept DOGE as a payment method, its increased utility will also drive the price up.
However, for DOGE to reach the milestone of 1 dollar, it still needs to overcome several obstacles. First, DOGE has no maximum supply limit, which means its price may be affected by ongoing inflation. Secondly, a large number of early investors have a low cost basis, and when the price approaches 1 dollar, it may trigger massive profit-taking, putting downward pressure on the price.
It is worth noting that Elon Musk, who previously gave strong support to DOGE, has remained silent on this recently, which may also affect investor confidence. Musk's previous statements have repeatedly caused significant fluctuations in DOGE prices.
In summary, it is not entirely impossible for DOGE to reach 1 dollar in 2025, but it requires the joint push of multiple factors. This includes, but is not limited to, the approval of ETFs, a significant expansion of use cases, and a continued optimistic market sentiment. At the same time, DOGE also needs to overcome the inherent pressures brought by its token economic model, as well as the possibility of large-scale sell-offs. In the next two years, the performance of DOGE will undoubtedly become a major highlight in the encryption market.