The current Dogecoin (DOGE) price analysis considers bearish sentiment with a score of 1 out of 5, which however could become an investment opportunity for traders.
Dogecoin: DOGE Price Analysis Suggests Bearish Sentiment with Investment Opportunities
The start of 2025 seems very “calm” for Dogecoin (DOGE), with the price returning to New Year levels today.
At the time of writing, the best memecoin DOGE is worth $0.33 and is down -20% from a month ago.
Speaking of market sentiment derived from social media, then, the analyst Santiment reported For DOGE a rating of 1 out of 5, classifying it as a “bear”.
Looking at other cryptos, Bitcoin (BTC) and BNB report neutral sentiment (3 out of 5), Ethereum (ETH) slightly bearish, while Ripple (XRP) and Solana (SOL) are slightly bullish with a score of 4 out of 5 .
Let’s say that among the top six cryptocurrencies, excluding stablecoins, DOGE has the worst market sentiment score. It should be noted that the same Santiment analyst then stated the following:
“Since its peak exactly one month ago, Dogecoin has lost -28% of its market value. Crowd sentiment has been close to last year’s lowest point, meaning there’s plenty of room for upside to be a bold contrarian towards DOGE (in particular) if crypto markets currencies start to rise.
Therefore, DOGE’s current “silence” and “tranquillity” could prove to be an opportunity for traders to accumulate the best memecoin, in order to benefit from it as soon as the crypto markets resume the uptrend.
Dogecoin: price analysis and growing interest in DOGE futures
Another factor to consider when performing Dogecoin price analysis is the current growth in interest in DOGE futures.
Yesterday again, it was shown how Open interest in Dogecoin futures has reached a new record high, with significant trading from the “whales”.
Open interest is a key indicator that measures the total number of derivative contracts open, indicating greater market participation.
Indeed, it appears that large investors have shown renewed interest in DOGE, with transactions exceeding $100,000which represents a significant spike and signals strong demand for memecoin.
Not only that, such movements are often seen as precursors to price increasesas they indicate the accumulation of DOGE by the most influential investors in the market (the whales).
Past performance and future forecasts
Other data that can influence the price analysis of Dogecoin (DOGE) is its past performance, most recent performance and future price predictions.
In fact, returning to At the beginning of December, Dogecoin had recorded breathtaking performances, thanks to the November crypto rally, the influence of Elon Musk and the announcement of the new DOGE ETP.
Such a performance led the market capitalization of the top memecoin DOGE surpass that from the luxury car manufacturer Porsche. At that time, DOGE’s market capitalization exceeded $63 billion, compared to Porsche’s $57 billion.
Today, DOGE’s market cap has fallen to $49 billion, but the best memecoin remains in seventh position in the general ranking of cryptocurrencies.
Speaking of future forecaststhere are those who remain enthusiastic about the involvement of whales in future DOGE, to the point of believing that memecoin could reach the price of $1 by the end of 2025. According to data from Changelly, However, DOGE price prediction at $1 was calculated for May 2030.