Key takeaways:
- Elon Musk revives Dogecoin hype on social media through a reply tweet.
- The effect of the tweet hasn’t yet been reflected in DOGE charts despite the hype.
- Dogecoin continues its downtrend due to the ongoing market-wide profit-taking momentum.
- Price prediction signals that DOGE will exhibit bullishness in the long term.
Dogecoin has regained the lost popularity in social media due to Elon Musk’s November 3rd tweet, but the renewed hype has not yet been reflected in DOGE’s charts. Unlike the incredible surge witnessed in 2021 due to the influence of Elon Musk, the tech billionaire, this time, it failed to create a significant boost in the price.
Various analysts attribute this aversion from traders to the FUD created by the profit-taking momentum in the entire crypto market. While Dogecoin is down, along with Bitcoin and other major altcoins, a new crypto named ‘DOGE-1’ has benefited from Musk’s tweet by witnessing more than a 30% surge.
“It’s Time,” Elon Musk’s Tweet Sparks Social Media Hype, But Traders Remain Cautious
The hype around Dogecoin started when Elon Musk replied “It’s time” to a tweet by DogeDesigner, a prominent handle with 1.7 million followers. The tweet, which included the screenshot of a 2021 post by Musk, stated “No Highs, No Lows, Only DOGE.”
In the 2021 tweet, Elon Musk stated that SpaceX will soon put a literal Dogecoin on the literal moon. While many considered this a humorous remark, SpaceX officially confirmed that they were literally planning it. Eventually, the company revealed its DOGE-1, a CubeSat satellite funded entirely by Dogecoin and launched by SpaceX to orbit the moon.
Musk’s “it’s time” indicates that he will begin the process of the DOGE-1 mission soon, but it failed to influence the Dogecoin charts. Meanwhile, DOGE-1, a Solana-based token with a nearly $9 million market cap, is 30% up today. Multiple investors are flocking to this token, which is currently trading only at Meteora and Orca DEXs.
How Elon Musk Plans to Literally Send a Dogecoin to the Moon? DOGE-1 Mission Explained
The DOGE-1 mission aims to become the first space mission funded by cryptocurrency, using Dogecoin as its funding currency. The literal Dogecoin will be represented by CubeSat, a miniature satellite with the Dogecoin node installed in it. The project will be developed in collaboration with Canadian company Geometric Energy Corporation (GEC).
The core mission of the DOGE-1 project is to observe the lunar surface and collect significant data. The broader motto includes the use of blockchain technology in interplanetary communication and the use of cryptocurrency as the basic currency of space finance.
Could This Be the Start of a New Bull Run? Dogecoin Price Prediction
Dogecoin is experiencing a significant price decline due to whale sell-offs and market FUD. However, as a memecoin that reacts to speculative viral exposure, DOGE has a high chance of triggering a radical uptrend, as witnessed in the 2021 rally. However, whales and institutional investors should participate in the Doge market along with the mainstream media, social media, FOMO retail investors, and the KOL Elon Musk.
While a clear-cut price prediction is not possible for Dogecoin because of its speculative nature beyond the utility, we have analyzed the historical data, technicals, and the current market sentiment to provide a medium and long-term price prediction for Dogecoin. Let’s take a deeper look.
Dogecoin (DOGE) Medium-Term Price Prediction: November, December 2025
If Elon Musk continues his support to Dogecoin by launching the DOGE-1 mission and additional activities before the end of 2025, new whales will likely get attracted to DOGE, igniting a bullish scenario. The medium-term prediction suggests it will reach $0.2741 by the end of November and continue the uptrend to December 2025.
| Month | Min. Price | Avg. Price | Max. Price | Change |
|---|---|---|---|---|
| Nov 2025 | $ 0.2056 | $ 0.2312 | $ 0.2741 | 20.30% |
| Dec 2025 | $ 0.2271 | $ 0.2507 | $ 0.2943 | 20.41% |
Dogecoin (DOGE) Long-Term Price Prediction: 2026 to 2030
While the Dogecoin community and maximalists expect DOGE to reach $1 in the coming years, the long-term price prediction indicates a maximum value of $0.70913 for the coin by 2030. Detailed forecast follows.
| Year | Min. Price | Avg Price | Max. Price | Potential ROI |
|---|---|---|---|---|
| 2026 | $ 0.242028 | $ 0.317983 | $ 0.529836 | 121.80% |
| 2027 | $ 0.253582 | $ 0.291197 | $ 0.384713 | 61.05% |
| 2028 | $ 0.244363 | $ 0.400606 | $ 0.612158 | 156.26% |
| 2029 | $ 0.370121 | $ 0.509579 | $ 0.634638 | 165.67% |
| 2030 | $ 0.614892 | $ 0.639759 | $ 0.70913 | 196.85% |
Concluding Thoughts: Dogecoin or DOGE-1? Which to Choose?
Both Dogecoin and DOGE-1 carry risks due to the inherent volatility and lack of utility. However, Dogecoin is still a safer investment than DOGE-1 because it has been around for a long time. Since DOGE-1 is an embryonic crypto with ignorable market capitalization compared to DOGE, extreme caution is advised before engaging with it. Always do your own research before investing.
Also Read: XRP Price Prediction Next Week: Bullish Mid-November Incoming?