Dogecoin (DOGE-USD) could be on the cusp of a bigger rally as analysts predict the world’s original meme coin could explode higher, with the $1 mark looking inevitable despite recent weakness. At the center of the debate is a mix of institutional buying, new ETF launches, and a growing conviction among traders that meme coins will define the next leg of the crypto cycle.
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Meme Coin Supercycle Could Be Starting
Crypto analyst Kaleo made the biggest call this week, saying the Dogecoin price will “rip to new highs” and warning investors not to “sleep on the king of memes.” He argued that institutional adoption through DOGE treasury companies and ETFs is only just beginning and that prices will soon catch up with the wave of demand.
Backing him up, analyst Mags predicted a parabolic run that could send Dogecoin to $1. He described DOGE as the “father of all meme coins,” boosted by Elon Musk’s backing, and said a three-times increase from today’s levels is easily within reach this market cycle. Mags framed the moment as the second round of a “meme coin supercycle,” with Dogecoin leading the charge.
Institutions Step into DOGE
Dogecoin’s story is no longer just retail-driven hype. Elon Musk’s lawyer, Alex Spiro, chairs CleanCore, the leading DOGE treasury firm, which already owns more than 600 million coins and is pushing to buy as many as 1 billion.
Institutional appetite was also cemented with the launch of REX-Osprey’s Dogecoin ETF (DOJE), the first meme coin ETF to hit the market. DOGE surged above $0.30 ahead of the debut, but its price has since slid more than 12% in what traders call a classic “sell the news” reaction.
Dogecoin’s Road to $1
The $1 target is not just hype. Analyst Javon Marks projects that DOGE will at least reclaim its all-time high of $0.73, based on historical price trends. He sees a rally of more than 195% ahead, with the psychological $1 mark firmly in play.
Others stress patience. Kevin Capital pointed to last year’s 400% rally to $0.48 as evidence that Dogecoin often moves in sudden bursts. He reminded traders that “crypto does nothing until it does something,” arguing that disciplined buying at current lows could be the setup for the next major run.
At the time of writing, Dogecoin trades around $0.2243. For believers, these levels are simply the calm before the storm. For skeptics, DOGE remains a meme with limited real-world use.
