Dogecoin DOGE/USD, the original meme coin, marks its 11th birthday today. Despite a 5% dip in the past 24 hours, traders remain optimistic about its next moves.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin DOGE/USD | $0.4279 | $62.9 billion | -5.2% | +2% |
| Shiba Inu SHIB/USD | $0.00003016 | $17.8 billion | -5.7% | +15.5% |
| Pepe PEPE/USD | $0.00002084 | $8.8 billion | -5.9% | +0.7% |
Trader Notes: The Moon Show, a crypto analyst, noted that DOGE is consolidating within a pattern and anticipates a “nice breakout,” with a price target set at $0.6350.
Bluntz, another prominent trader, reiterated his earlier forecast, predicting a “violent upside move” once DOGE breaks out of its three-week accumulation phase.
Miles Deutscher joined the bullish chorus, projecting DOGE could rally to $1, a key psychological level.
On a more cautious note, The Cryptomist observed that Dogecoin is facing resistance at a larger ascending trendline. However, a final support bounce could drive the coin to at least $0.60 and possibly retest its all-time high.
Community News: BIT Mining, a leading cryptocurrency mining firm, announced that Dogecoin and Litecoin LTC/USD mining has been three times more profitable than Bitcoin BTC/USD alone.
Since Dogecoin mining started, the company has produced 227.9 million DOGE as of Nov. 27.
The company attributes the recent surge in Dogecoin’s profitability to factors such as: Elon Musk’s ongoing influence in the crypto space and regulatory shifts in the U.S. following Donald Trump’s electoral victory.
What’s Next: Dogecoin continues to be the apex meme coin, fueled by its community-driven appeal and speculative potential. Its mining profitability and recent rally highlight its staying power in a market dominated by newer projects.
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