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Simon Chandler
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Simon Chandler
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The DOGE price has jumped by 9% in the past 24 hours, racing to $0.4502 on a day when Bitcoin has hit a new all-time high.
Dogecoin is now up by 12% in a week and by 162% in a month, cementing its position as one of the best meme coins to buy right now.
Today, DOGE’s volume has also risen substantially as whales resume accumulating the token, much as they did in the immediate aftermath of last month’s election.
It looks on course to reach $0.50 by the end of the year, while the first part of 2025 could see it reach whole numbers for the first time in its history.
$10 DOGE Price Boom? Whales Accumulate in Jaw-Dropping Numbers
Dogecoin’s volume stands at $17.8 billion today, which for context is almost 3,000% higher than it was three months ago.
It’s still not quite as high as it was in the immediate wake of the US election, when it rose beyond $44 billion.
However, it does suggest that the token is gearing up for another run, with whales buying up DOGE in substantial numbers in recent days.
This kind of accumulation is reflected in the token’s chart today, which recently formed a golden cross.
As we can see below, DOGE’s 30-period average (orange) climbed over the 200-period (blue) overnight.
This signals a break out, which Dogecoin (and many other major tokens) appears to have already begun.
Its RSI (purple) shot up to 70 earlier this morning, and after a dive is now rising back towards 60, suggesting that buying pressure remains strong.
If it can break decisively through the $0.46 resistance level it would have a very strong chance of making it through to $0.50 by the end of December.
Either way, its long-term picture continues to look very good, given that longtime Dogecoin fan Elon Musk has secured a seat for himself in the Trump administration.
As the co-head of the announced Department of Government Efficiency (D.O.G.E.) we could continue to are the DOGE price receiving numerous boosts throughout 2025.
It’s realistic to expect it to hit $1 by Q2 2025, with the end of next year potentially seeing it reach $2 or $3.
New Presale Tokens Will Ride Bull Market to Big Gains
Dogecoin is likely to do well over the coming year, but the developing bull market will also help numerous other alts enjoy big returns.
Now seems to be a particularly good time for presale coins, which can often use their sales as launchpads to strong rallies when they list.
Crypto All-Stars (STARS) looks like one particular presale coin with a great chance of doing well next year, having raised over $8.7 million in its sale.
Its sale has only 15 days left to run, with investors flocking to it because Crypto All-Stars is the first project in crypto to offer a ‘MemeVault’.
The MemeVault is a smart contract-based protocol which enables holders of any meme token to stake their funds and earn a yield.
By using the ERC-1155 multi-token standard, Crypto All-Stars’ contract is able to tokenize any cryptocurrency, even those which don’t run on Ethereum.
This is bullish for STARS because users will receive higher staking rewards in proportion to the amount of STARS they hold.
In other words, users can stake Dogecoin, for experience, and if they hold STARS coins as well they’ll receive greater rewards.
This exposes STARS to lots of potential demand, so it could rally bullishly once it launches.
There’s still time to join its sale, which investors can do by going to the official Crypto All-Stars website.
1 STARS currently costs $0.0016782, with this being the final presale price.
And after 15 days, STARS will list on exchanges, where it could easily become one of the biggest new tokens of the year.
Check Out Crypto All-Stars Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
