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According to market data, Dogecoin is still one of the largest cryptocurrencies by market value, with a current total market value of nearly $28 billion. However, its recent price performance has not been ideal - it has fallen by about 20% in the past month and has fallen by about 30% this year, which has worried many traders and holders. The origin of meme coins Dogecoin started out as a joke. It is said that its founders did not intend to create a global payment system or technological innovation project. But the "joke's origins" still influence its present. DOGE’s on-chain activity and payment usage are lower than many of its competitors, which means the price is susceptible to speculation and emotional fluctuations. When it rises, it rises sharply, and when it falls, it also rises sharply. Market Sentiment and Risk The direction of the entire crypto market is also changing. Reports show that the popularity of Internet meme tokens has dropped significantly since this year. This cooling has caused tokens that lack fundamental support to fall even harder. Once the market turns conservative, sentiment-driven tokens like DOGE are usually the first to bear the brunt.  Price predictions and market sentiment Although Dogecoin has been weak recently, some forecast models show that its price is expected to increase by approximately 13% to around $0.21 by November 29, 2025. From a technical perspective, the current market sentiment is bearish, with the Fear and Greed Index at 34 (belonging to the "fear" range). However, some traders believe that this decline may be the starting point for the next round of rise. They pointed out that Dogecoin often rebounds most violently when the market is panicked and sentiment is low. Overall, the market signals are conflicting: Forecast models suggest a rebound in the coming month, while short-term technical indicators remain weak and traders lack confidence. This divergence may lead to price shocks and short-term fluctuations of "first rising and then falling".  Community discussions and media coverage remain important drivers of Dogecoin’s price. Major social events or celebrity mentions can drive up prices in a short period of time, but the reversal can often come just as quickly. This rhythm makes Dogecoin different from those crypto projects that rely on protocol upgrades or corporate cooperation to support their value. For DOGE, news popularity often moves prices more than technological progress. Infrastructure and long-term direction According to reports, the Dogecoin Foundation is advancing an ecological construction plan and hopes to create a more standardized and sustainable system. Some cooperation projects have entered the discussion stage, but it remains to be seen whether they can truly change the market's valuation of DOGE. Some plans will take months to show results, while others are still in the conceptual stage. Optimism in the Dogecoin market still hasn’t completely dissipated Dogecoin’s plunge this year not only reflects its nature as an “internet meme coin”, but also reflects the entire market’s risk aversion towards high-risk assets. From the data point of view, its market value is still as high as 28 billion US dollars, despite a 20% drop in one month and a 30% drop in the whole year. According to model predictions, the price may rebound to $0.2146 on November 29, but the technical signal remains bearish. Even so, many market analysts believe that this may be the starting point of the next rebound - because real recovery often starts at the most pessimistic moments. The Bitcoin bull market has entered the second half, and the community has opened limited-time benefits and distributed selected potential coins for free. Scan the QR code or search WeChat ID: BNB7768 to add an assistant and join the group layout immediately.  |
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