The cryptocurrency market has experienced increased price action over the past few days. During this period, many new projects have come under the limelight of the crypto community by their impressive price action. One such token is Dog (Bitcoin) memecoin as it has displayed a 2x rally this month.
With this, investors are actively looking for answers to questions like “Which memecoin is best?” and “When will Memecoin season start?” Scroll down to find out more about Dogecoin (DOGE) and Dog (Bitcoin) (DOG). Also, discussions have started on whether DOG can overtake DOGE market capitalization in 2025.
Dogecoin vs. DOG: Which is Better?
Launched on the Bitcoin blockchain in early 2024, DOG (Bitcoin) is a fully decentralized memecoin. Reportedly, with an aim to foster a strong community-driven ecosystem, this project has introduced millions of people to Bitcoin.
On the other hand, the Dogecoin is the largest memecoin by market capitalization and has wandered the lands of crypto since 2013. Notably, for DOG to surpass Dogecoin, it will require a surge of 6,276% in its current valuations.
By evaluating the market sentiments, it is highly unlikely for the DOG memecoin to surpass the DOGE market cap anytime soon. This brings down to million dollar questions “How high can DOG price realistically go?”
DOG Price Prediction For This Week
Despite recording a correction of approximately 3% in 24 hours with a trading volume of $17.79 million, this memecoin has jumped 28% in seven days and has surged over 90% in 30 days. Moreover, with a market cap of $511.76 million, it has secured the 116th position in the market.
The Moving Average Convergence Divergence (MACD) records a constant green histogram in the daily time frame. On the other hand, the average trend lines display a steady rise in the DOG price chart, suggesting a positive outlook for this low-cap meme coin in the crypto space.
Adding to this, the Simple Moving Average (SMA) displays a strong support to the price chart. Considering the present market sentiments, this memecoin may continue trading under a bullish sentiment this week.
Is DOG Memecoin a Good Investment?
Maintaining the value above the $0.004950 could set the stage for DOG meme coin to head toward its immediate resistance level of $0.006350. If the bullish sentiment intensifies at that point, the price of DOG token may prepare to test its upper price target of $0.007625 in the upcoming time.
On the contrary, increased selling pressure could pull the price of this altcoin toward its immediate support trendline of $0.004950. Furthermore, if the token experiences a major liquidation, the value of this crypto token could plunge toward its lower support zone of $0.003710.
Also Read: Can Ethereum Price Break $5K and Hit New All-time High in 2025?
