The broader cryptocurrency market surged this week, with Bitcoin rising from $62,000 to $78,000. The outstanding rise occurred in lower than per week, yielding merchants huge earnings. The cryptocurrency market is brimming with positivity for the primary time this 12 months, after President Donald Trump introduced that the US authorities is contemplating shopping for a “sizeable” quantity of Bitcoins. This made the market spike in worth, and traders turned bullish. Main meme foreign money Dogecoin additionally rose practically 25%, and is the most important surge recorded in 2026.
On the heels of the continued rally, chatter is rife on social media that Dogecoin can breach the $1 stage. The meme foreign money has been attempting onerous to get there since 2021, and it’s been 5 years since that dream was saved alive. Nonetheless, the meme coin has solely disenchanted traders since then, as costs have solely moved south. After reaching an all-time excessive of $0.73 in Could 2021, DOGE went on a relentless stoop. It plunged to the $0.10 mark in 2024-2025 and has remained there for 2 years straight.
Can Dogecoin Attain $1?
The bubble has burst, and Dogecoin is already down practically 7% on Wednesday. Regardless of the rally, Dogecoin is unable to maintain its optimistic momentum within the charts. Even after the 25% rally in per week, DOGE did not maintain itself above the $0.10 zone. Its worth is now at $0.08 and is on the decrease facet of the barrel. That is the explanation why merchants not take meme currencies significantly. It will possibly wipe away earnings in per week and start buying and selling at sq. one.
Meme currencies are actually seen as a piranha fish that shortly eats up no matter is gained. If Dogecoin can not even attain $0.10 and preserve the momentum, $1 is out of the equation. The complete meme foreign money market is now a part of historical past, with traders giving it a miss. The complete meme foreign money market is now a part of historical past, with traders giving it a miss. Bitcoin, Ethereum, and XRP, amongst different cryptocurrencies, are in focus. Not one of the meme currencies have managed to maintain themselves within the indices.
