Key Insights:
Dogecoin has seen massive adoption in the recent past.
High accumulation from whales and ETFs are likely to take its price back to $0.48 soon.
Dogecoin's dominance in the crypto markets and its superior technology compared to traditional financial platforms could help it cross $1.
Top features that could help DOGE establish its dominance in cross-border transactions are its simple architecture, low cost, high speed, and decentralized network.
Blockchain transactions are a lot faster than traditional banking, which relies on SWIFT. Further, they are much more cost efficient and take up seconds as compared to days in the case of traditional finance.
On PayPal, it takes approximately 4% to 8% of the transaction value to pay for the transaction fees. This high fees eat up a considerable amount of money sent to the end user, requiring the transaction initiator to send funds in excess. However, the average fee on the Dogecoin blockchain is around 0.0025, which is less than 0.1 cent for each transaction.
Even the fastest cross-border settlements in traditional finance take several hours, with the average transaction taking up to half a week for final settlement. On the other hand, the Dogecoin blockchain settles each transaction within a minute. The end user in Dogecoin can then use these received funds after 48 minutes approximately.
Traditionally, it costs several billion to create a secure transfer mechanism for traditional finance; however, in the case of blockchain technology, it only takes a few decentralized computers.
Surprisingly, this seemingly rag-tag collection of computers are much more failure resistant than even the most complicated systems. The decentralized nodes that validate the transaction can act independent of each other and even a single computer can handle the workload of several computers if required.
Technically, anyone can use a DOGE wallet like Trust, MetaMask, Phantom or any other wallet to send funds overseas via crypto. Instant settlements and the usage of public verifiable ledger makes the process much more transparent.
However, the lack of a dedicated solution like Lightning Wallet or LTC Pay makes it a bit difficult to send and receive crypto for a novice user.
Dogecoin's close architectural proximity to the Bitcoin Blockchain helps it work in a similar way without compromising on any security. Due to these factors, it is being increasingly used in peer-to-peer transactions. Dogecoin is also expected to be a part of the X Payments platform.
Since DOGE is a volatile asset, the more it is used for transactions, the more its price is likely to rise. And therefore, DOGE whales have been hoarding it in hopes of greater adoption. This greater adoption is accelerated further by the Donald Trump administration which has committed to pro-crypto laws and policies.
Several whales have been accumulating Dogecoin since the recent dip in the markets. Whales have been buying Dogecoin in the order of billions, which indicates that in the near future, DOGE is likely to go higher than its last high of $0.48.
Besides positive regulations, whales understand the community support for Dogecoin which has been running high despite its recent crash from $0.48 to $0.18 in recent times.
House of Doge, the official arm of Dogecoin Foundation has bought 10 million DOGE to establish a Dogecoin Reserve similar to what Donald Trump did for Bitcoin. The reserve is likely to lower the amount of DOGE in circulation, thereby having a deflationary effect on its price.
Currently, there are two Dogecoin ETFs in various stages of application by Bitwise and Grayscale. Once launched, these ETFs will allow common users to buy DOGE without needing any specialized blockchain or crypto knowledge.
The odds of approval of these ETFs have lately risen as the SEC has classified memecoins as "not securities," citing the lack of utility in them.
Dogecoin is likely to re-enter bullish territory as its price is close to the $0.21 resistance. At press time, DOGE was trading at $0.20 and is likely to cross $0.21 decisively this week. Beyond $0.21, DOGE is likely to move to $0.48 in a linear manner just like it fell from $0.48 in December 2024.
Dogecoin USDT Charts Indicates Upcoming Bull Rally
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Dogecoin's rise is also supported by its rising momentum, which as per RSI, has been rising since the first week of March 2025 from the levels of 25 to 56 at press time. Once it moves beyond the threshold of 70, we could see a rise in its price above $0.5.
In the next few days, Dogecoin might see a rally stronger than what it saw in November 2024.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.