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.
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Factors Influencing Dogecoin’s Price Prediction
Dogecoin has been in a rut for several years now. $1 seems like a dream for the asset’s investors. According to data from IntoTheBlock, 73% of DOGE’s holders are making money at the asset’s 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.
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ChatGPT’s Prediction For Dogecoin in 2025
ChatGPT noted several aspects that could boost the price of DOGE next year. This includes the meme coin’s 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 $0.05–$0.15, and Dogecoin investors could witness major volatility.
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The $1 mark could be life-changing for the meme coin holders. But anything below it would certainly be disappointing for investors.