Dogecoin (DOGE) is at the moment one of many best-performing cryptocurrencies among the many prime 100 initiatives. According to CoinGecko data, the favored memecoin has rallied 8.6% within the final 24 hours, 2.1% within the final week, and a couple of.3% within the 14-day charts. Regardless of the worth rally, Dogecoin (DOGE) continues to be down by 14.7% over the earlier month and 61.3% since January 2025. Let’s talk about why DOGE is up at the moment and if the rally can maintain itself over the approaching days.
Why Is Dogecoin Up At this time, And Will The Value Rally Proceed?
Dogecoin’s (DOGE) newest upswing comes amid a bigger market rebound. Most crypto belongings are buying and selling within the inexperienced zone at the moment. Memecoins, specifically, appear to be seeing a large rebound. Pepe (PEPE) is at the moment the best-performing crypto among the many prime 100 initiatives by market cap. Dogecoin’s (DOGE) rival, Shiba Inu (SHIB), can also be experiencing a worth surge at the moment.
The market rebound could possibly be because of elevated confidence as we enter the brand new 12 months. Nonetheless, the rally could come to a fast halt over the approaching weekend. The crypto market continues to be fairly fragile and much from totally recovered. The chances of another interest rate cut this month can also be fairly low. Traders will possible proceed their risk-averse method. Dogecoin (DOGE), being a memecoin, carries among the highest threat out there, and therefore might face a correction very quickly.
Additionally Learn: What 2026 Has in Store for Dogecoin Price: 400% Rally to $0.65?
There’s additionally a chance that the crypto market will proceed its upswing. Traders might make bullish bets as we enter 2026. Many specialists additionally count on Bitcoin (BTC) to hit a brand new all-time excessive in 2026. BTC hitting a brand new peak might result in Dogecoin (DOGE) experiencing elevated inflows. Such a growth might result in a sustained rally for the memecoin. Nonetheless, issues are by no means sure within the crypto realm. Costs might go in both route.
