The cryptocurrency market is currently trading in a bear momentum, with Bitcoin stabilizing around $83K. The altcoin market is also neutral at the moment, with very few crypto coins showing major signs of changes and recovery as of late. Among these, Dogecoin network metrics have lately been firing up, with technical indicators signaling Dogecoin’s surge to 200% is imminent. Here’s how it may all happen.

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Dogecoin Predictions: What Are The Stats Saying?

dogecoin crypto money
Source: Watcher Guru

Per Ali Martinez, a notable cryptocurrency analyst, Dogecoin has lately been experiencing a spike in its network activity. Recently, Dogecoin’s active address metric reached 280,000, signaling increased investor interest in the token.

“#Dogecoin $DOGE network buzzing! Over 280,000 active addresses in recent days.”

At the same time, Ali pointed out how over 110 million doge tokens have been scooped up by whales as of now, indicative of high interest and confidence in the token.

“Whale alert! Over 110 million #Dogecoin ($DOGE) was bought up in a week. Big players are betting on a breakout.”

Such bullish markers illustrate a strong sense of confidence in the token, adding how Dogecoin may soon surge to new highs without encountering any barriers. At the same time, DOGE is also part of the growing ETF narrative. If the US SEC manages to approve the Dogecoin ETF, the development can send DOGE skyrocketing to $1 and beyond.

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The Token’s 200% Surge Part: What’s Happening

Per CoinCodex, Dogecoin is already under preparations to hit a new high mark by April 2025.

Per CC, DOGE may surge 230% by April 2025 to hit a new high price spot of $0.55. The token is currently sitting at $0.16.

DOGE STATS
Source: CoinCodex

“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to rise by 230.30% and reach $ 0.55411 by April 18, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 0 (). Dogecoin recorded 13/30 (43%) green days with 15.24% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a bad time to buy DOGE.”

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