Tardigrade Crypto Trader Analyst Prediction: Dogecoin is Ready to Jump 1,500%!
Jakarta, Pintu News – Dogecoin has experienced a significant drop in volume since its peak two years ago in November 2024. This decline has been followed by a drastic price drop, with more than 50% of the meme currency’s value lost in less than six months. With volumes continuing to decline, it is likely that this price drop will continue and cause even greater losses for investors.
Dogecoin Daily Volume Drops Drastically
In the past four months, Dogecoin’s daily volume has shown a steady decline. The daily volume peaked above $60 billion on November 13, 2024, but by the end of March 2025, the daily trading volume fell below $3 billion. This signifies a decline of more than 90% in just four months.
Since then, data from Coinglass shows a slight increase in daily trading volume. However, this increase is not very significant as Dogecoin’s average daily volume during April 2025 remained below $5 billion. This decrease in volume also coincides with a decrease in price, indicating that without a change in volume, Dogecoin’s price may continue to struggle.
Also Read: XRP Price Prediction: Between Deep Correction and Hopes of Rebound in Crypto Market (8/4/25)
Trump’s Tariffs and Bearish Market Impact
This decline was largely triggered by the tariffs imposed by Donald Trump, which caused the stock market to experience its worst fall since 2010. This resulted in a bear market, with the price of Bitcoin falling close to $80,000. Altcoins such as Dogecoin (DOGE), which has a highly volatile nature as a meme currency, experienced a decline of over 50%, while Bitcoin’s (BTC) decline was only around 25%.
On Sunday, with over $4 million in liquidations, over 80% were from traders who went long as the decline continued due to bearish pressure. This shows that traders who went long suffered the most losses.
Crypto Analyst Optimism
Despite the bearish pressure hitting the crypto market, there is still optimism surrounding the Dogecoin (DOGE) price. One crypto analyst who remains optimistic is Trader Tardigrade. In a post on X (formerly Twitter), the analyst pointed out the similarities with the 2016 and 2021 cycles where the Dogecoin (DOGE) price experienced significant spikes.
According to the analyzed chart, there is a similar formation that indicates a possible price spike for Dogecoin (DOGE). If this happens, the price of Dogecoin (DOGE) could jump up to 1,500%, with a target price of $2.1. “Dogecoin is about to surge again,” the analyst said.
Conclusion
Although the market currently looks bleak, the opportunity for a Dogecoin (DOGE) revival is still wide open. With proper analysis and favorable market conditions, a significant price spike is not out of the question. Investors and market watchers should stay alert to the changing dynamics and be ready to take advantage of emerging opportunities.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- NewsBTC. Dogecoin Volume Remains Low. Accessed on April 8, 2025
- Featured Image: Generated by AI
