NAIROBI (CoinChapter.com) — Dogecoin (DOGE) is drawing attention with projections that it could surge to $3.25 by 2025. Wall Street analyst Raoul Pal also weighed in, highlighting the memecoin’s 550% outperformance against Bitcoin (BTC) over the past decade. He described it as an unexpected “hard money” contender, citing its resilience and grassroots support as driving factors behind its impressive run.
Pal emphasizes Dogecoin’s ability to thrive despite lacking the institutional backing that Bitcoin enjoys, crediting the token’s resilience and grassroots support for its continued uptrend.
Dogecoin to Hit $3.25? Analyst Predicts Explosive Growth by 2025
Ali Martinez forecasted a $3.25 target by 2025, citing increased whale activity and DOGE’s adoption in payment systems. Martinez pointed out that DOGE’s technical indicators, including its position above the 50- and 200-day EMAs and a strong ADX reading of 30, support a bullish trajectory.
In the short term, Martinez predicts a potential rally to $0.82 if Dogecoin holds critical support at $0.37. He highlighted the bull flag pattern on DOGE’s daily chart—a classic bullish setup where a sharp price increase is followed by consolidation. A successful breakout could signal a 120% rally, though a fallback to $0.32 might occur if market corrections emerge.
Tax Policy Concerns and the Dogecoin Foundation’s Response
The Dogecoin Foundation weighed in on recent speculation regarding potential U.S. tax reforms under President-elect Donald Trump.
Reports suggest these reforms could favor cryptocurrencies created by U.S. companies. The Foundation reshared concerns from a community member arguing that such policies would unfairly disadvantage decentralized, community-driven tokens like Dogecoin.
The post criticized the proposed reforms for encouraging “crony capitalism” by favoring company-backed cryptocurrencies over open-source projects. Current U.S. tax laws impose capital gains taxes of up to 37% on crypto transactions, which hinder broader adoption. The Trump administration has not confirmed any changes, leaving the market uncertain.
The post Dogecoin Price To $3.50 is Possible With Wall Street Veteran Calling DOGE Better Than Bitcoin appeared first on CoinChapter.
