In the last 24 hours, Dogecoin surged over 10% creating renewed interest in meme coins across the crypto market. This unexpected spike comes as other tokens like Fartcoin, TRUMP, and Bonk also see price rallies. Social media buzz, especially on X, has played a crucial role in driving this momentum, reflecting increased excitement among traders and investors.
Dogecoin’s price was near $0.16 on April 21, 2025, showing hints of consolidation after a recent rise. Analysts estimate a trading range between $0.15 and $0.28 this month, with some forecasts projecting a jump up to $0.57 by beginning of May. This is to all depend on market sentiment and Bitcoin’s performance. Elon Musk’s comments continue to influence the price, while his latest repudiation of Dogecoin for government usage had no effect. Technical indicators imply Dogecoin is at a critical point, with resistance near $0.26 needing heavy volume to break through.
Meme Coins Gaining New Momentum
Meme coins beyond Dogecoin are gaining considerable momentum, with tokens like Fartcoin rising over 100% recently, trading at $1.05. TRUMP witnessed a 7% surge in 24 hours, propelled by market relief after the U.S. tariff halt, while Bonk jumped 18.68% in a day. Social media discussion and headline-driven moves continue to drive these gains, with communities rallying behind these speculative assets. This newfound focus underlines meme coins’ capacity to return fast amid shifting market conditions.
Key Factors Behind Dogecoin Surge
The meme coin rise is powered by several key elements. First, growing retail investor interest seeks rapid gains, drawn by meme coins’ low prices and extreme volatility. Elon Musk’s remarks put Dogecoin and others in the spotlight, fuelling demand. Meanwhile, advancements in Dogecoin’s network, such as faster transactions and tipping features, increase usefulness. Broader crypto market strength, with Bitcoin’s steady ascent, also helps meme coins. Not only this, but social media buzz and viral trends produce community support, propelling prices higher despite economic uncertainties.
Meme coins like Dogecoin have strong upside potential in 2025. Experts anticipate meme coin could rise up, pushed by limited supply and strong community support. TRUMP also hopes for $100 if investor interest holds. While bullish expectations dominate, dangers remain from market volatility and macro variables. Still, momentum implies meme coins could surpass several altcoins this year.
READ MORE: Bitcoin Price Surges Above $90K, Making 91% of Wallets Profitable
