Can Dogecoin Reach $1 by 2025? Here's What Could Drive It

The Dogecoin (DOGE) market has encountered some obstacles after the latest price surge. The asset surged to a high of $0.4775 earlier this month, further fueling speculation that DOGE could reach $0.50 or more. However, Dogecoin has since retreated. The platform behind this meme coin may be trying to push the asset's price. The Dogecoin fund is seeking sponsors, this is the reason To expand the community through further network development, the Dogecoin Foundation has requested an undisclosed amount of money. According to a recent post by the Dogecoin Foundation, developers are seeking significant sponsors by 2025. This is to support financial initiatives to promote widespread adoption. These funds are expected to be used to develop Dogebox. It is a decentralized payment system designed to empower small and medium-sized businesses. "By 2025, the Dogecoin Foundation will continue the open-source work we have been doing, especially through the new decentralized infrastructure system Dogebox (), which is the culmination of development across multiple projects and the means by which we envision bringing one million retail establishments to directly accept Dogecoin as a payment layer onboard." Price prediction

At the time of reporting, DOGE is trading at $0.4075 after a 4.40% decrease in the past 24 hours. The asset is currently trading over 44% lower than its all-time high of $0.7376. To reach $1, the OG meme coin would have to increase by 145%.

It seems that DOGE investors will not have to wait too long before celebrating the $1 milestone. According to data from CoinCodex, Dogecoin is expected to fluctuate in the price range from $0.3377448 to $1.105322 in 2025. The OG meme coin is expected to trade at an average of $0.597832 throughout the year. With this coin expected to trade more than 171.22% higher than the current level, February could be the most optimistic month for DOGE.