Dogecoin Dreamed Of $1—Here’s Why It Failed Spectacularly In 2025
Dogecoin (CRYPTO: DOGE) looked poised for a massive run after the 2024 presidential election, but the dream of a run to $1 collapsed when hype ran into supply math, fading liquidity, and thin real-world demand.
Election Euphoria Ignited The Rally
Dogecoin surged after Donald Trump’s election victory in November 2024, jumping 152% in a single month and peaking near $0.4846 by year-end.
The move revived speculation that the meme-inspired cryptocurrency could finally reach $1.
Momentum accelerated after Trump appointed Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency, shortened to “DOGE.”
The acronym alone triggered aggressive speculative buying, amplified by Musk’s long-standing public support for the token.
The $1 Target Ran Into A Math Problem
At $1, Dogecoin’s market capitalization would approach $147 billion based on current circulating supply.
That would …
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