Heavy whale accumulation has sparked optimism that Dogecoin is gearing up for its next bullish breakout.
Prominent analyst Ali Martinez revealed that big players are betting on a major breakout as over 110 million $DOGE have been scooped up by the whales in a week.
The meme coin’s strength at key support levels and its RSI also strongly indicate the possibility of a bullish reversal.
Dogecoin price predictions from prominent analysts suggest that the meme coin market leader is ready for its next parabolic move. If so, the rally could ignite the next wave of meme coin mania.
Whales Are Stacking Dogecoin, What Do They Know?
As previously stated, Dogecoin whales have scooped up over 110 million DOGE in a week, which pans out to over $18.7 million at the meme coin’s current price.
Martinez also highlights that the Dogecoin ecosystem appears to be “buzzing”, adding over 280,000 active addresses in recent days.
Data from the on-chain analysis platform Santiment further reveals that the number of Dogecoin whale wallets, with over 1 million DOGE, is increasing. It also highlights the soaring active addresses as a potential indicator of an imminent bullish reversal, especially if the broader market outlook stabilizes.
The heavy whale accumulation isn’t a recent phenomenon. Smart money investors haven’t missed out on any opportunity to stack DOGE at cheap prices.
For example, whales purchased over 1.4 billion DOGE, valued at more than $230 million, within just 24 hours on March 10th when the price of Dogecoin experienced a sharp drop to $0.15.
The deep-pocketed players clearly believe that the DOGE cycle top isn’t in just yet and the top meme coin will push towards $1 in the coming months.
Dogecoin Price Prediction — Here’s How High DOGE Can Go In 2025
The top meme coin is displaying impressive strength.
Unlike most meme coins that have lost all their post-US election gains, Dogecoin has successfully reclaimed the ‘Election level’ and bounced back up from it.
Moreover, Dogecoin price prediction from prominent analyst Surf reveals that it has also successfully retested the multi-year descending trendline in the weekly timeframe. Meanwhile, a bull cross is also rapidly approaching.
The meme coin also continues to rapidly improve its fundamentals. Prominent TradFi and crypto institutions, including Bitwise and Grayscale, have applied for spot Dogecoin ETFs.
Bloomberg analysts Eric Balchunas and James Seyffart see a 75% possibility of the meme coin’s ETF approval in 2025, considering the Gensler-era SEC never labelled it a security.
Experts argue that comparing Dogecoin ETFs to their Ethereum counterparts would be a mistake, as it overlooks their potential to significantly impact the DOGE price.
While Ethereum is often compared to Bitcoin, Dogecoin is viewed quite differently, with strong appeal among retail investors.
With only one-tenth the market capitalization of ETH and one-sixty-fourth that of Bitcoin, Dogecoin requires much smaller inflows to generate a substantial price impact.
It is, therefore, no surprise that Dogecoin price predictions from several prominent analysts claim that DOGE could hit a new all-time high, and potentially even $1, in 2025.
Other Best Meme Coins To Buy
The next bull market will be marked by heavy retail investment. Sidelined investors, therefore, do not need to overcomplicate their investment strategy — the most popular meme coins will deliver outsized returns.
For instance, some experts believe Pepe could end up offering 10x returns in 2025. In the Solana ecosystem, Fartcoin is in high demand following its 90% decline over the previous weeks.
Investors hunting for higher returns can follow smart money activity and whale accumulation patterns for the best low-cap picks.
For instance, whales continue to invest six figures in Solaxy (SOLX), the first prominent Solana layer-2 coin. The latest deep-pocketed investor bought nearly $200k worth of SOLX earlier this month.
The Solaxy presale has already raised over $26 million in short order as investors rush to buy the undervalued Solana L2 coin. After all, the top Bitcoin and Ethereum Layer-2s have multibillion-dollar valuations.
Solaxy’s architecture features ZK roll-ups, data availability tools like Celestia and a Hyperlane-powered multi-chain bridge and promises low-latency transactions, high network throughput and exponential scalability, even during periods of heavy network congestion.
Considering SOLX’s high upside and unique value proposition, early buyers are viewing it as the next 100x crypto.
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