Can This Bull Run Put Dogecoin Above $1?

The broader cryptocurrency market surged this week, with Bitcoin rising from $62,000 to $78,000. The phenomenal rise occurred in less than a week, yielding traders massive profits. The cryptocurrency market is brimming with positivity for the first time this year, after President Donald Trump announced that the US government is considering buying a “sizeable” amount of Bitcoins. This made the market spike in value, and investors turned bullish. Leading meme currency Dogecoin also rose nearly 25%, and is the biggest surge recorded in 2026.

On the heels of the ongoing rally, chatter is rife on social media that Dogecoin can breach the $1 level. The meme currency has been trying hard to get there since 2021, and it’s been five years since that dream was kept alive. However, the meme coin has only disappointed investors since then, as prices have only moved south. After reaching an all-time high of $0.73 in May 2021, DOGE went on a relentless slump. It plunged to the $0.10 mark in 2024-2025 and has remained there for two years straight.

Also Read: Crypto To Benefit From Liquidity Surge As Stocks Slump?

Can Dogecoin Reach $1?

The bubble has burst, and Dogecoin is already down nearly 7% on Wednesday. Despite the rally, Dogecoin is unable to sustain its positive momentum in the charts. Even after the 25% rally in a week, DOGE failed to sustain itself above the $0.10 zone. Its price is now at $0.08 and is on the lower side of the barrel. This is the reason why traders no longer take meme currencies seriously. It can wipe away profits in a week and begin trading at square one.

Meme currencies are now seen as a piranha fish that quickly eats up whatever is gained. If Dogecoin cannot even reach $0.10 and maintain the momentum, $1 is out of the equation. The entire meme currency market is now part of history, with investors giving it a miss. The entire meme currency market is now part of history, with investors giving it a miss. Bitcoin, Ethereum, and XRP, among other cryptocurrencies, are in focus. None of the meme currencies have managed to sustain themselves in the indices.