The Silent Moment of Dogecoin: Why Analysts Believe It Is the Calm Before the Storm

Dogecoin, launched on December 6, 2023, has long been praised as a community-led cryptocurrency. In recent weeks, according to a recent report by the cryptocurrency analysis company Santiment, Dogecoin has found itself in an unusual quiet state. According to the report, this calmness could bring an attractive opportunity for bold traders. Some analysts believe that with the lowest level of discussion and sentiment on social media this year, this could be the calm before the storm of a major price hike. According to a report on January 9, Dogecoin has experienced a significant decline in crowd sentiment, recording a pessimistic score of 1 out of 5. In comparison, this significant decline is much lower than XRP with a score of 4 out of 5 and an equivalent strong rating of Solana. Furthermore, the emotional decline also aligns with the decrease in social media mentions and the significant decrease in Dogecoin search interest, as Google search trends have decreased by nearly 74% since November 2024.

Despite the unfavorable data from the company, Santiment believes that this downturn still has the potential to increase prices for those who are willing to take a contrary position. "The leading memecoin cryptocurrency has been extremely quiet outside of the temporary price increase at the beginning of the year", the company noted. Additionally, the company also stated that this period of stagnation could pave the way for a "good price increase" if the cryptocurrency market as a whole regains momentum. The Performance of Dogecoin Reflects Market Trends At the time of writing, the original token of Dogecoin is being traded at $0.3368, marking a 1.27% increase in the past 24 hours. Additionally, this digital asset has seen a decrease of 2.42% and 16.98% in the past week and month, respectively. Taking a deeper look into market participation, the market capitalization of DOGE has recorded a 1.23% increase, reaching $49.47 billion. However, some traders remain optimistic. Cryptocurrency trader Wizz predicts that Dogecoin will outperform many large cryptocurrencies in the next three to six months. Another analyst, KrissPax, has noted similarities between the current price consolidation of Dogecoin and its 2024 models, indicating a potential for a significant price increase.

Long-term Prediction: Dramatic Increase in 2025? Looking ahead, traders and analysts are increasingly optimistic about the potential of Dogecoin in 2025. According to the Gaussian Channel indicator, Dogecoin could rise to $3 to $5 by taking advantage of the strong market recovery. This forecast aligns with the growing interest of organizations, such as Galaxy Digital's prediction of DOGE worth $1, driven by whale accumulation. While the current quiet phase of Dogecoin reflects the uncertainty of the overall market, it could also be a strategic accumulation phase for savvy investors. If the analysts' predictions are correct, this 'calm before the storm' could develop into one of the most noteworthy comebacks of Dogecoin. DYOR! #Write2Earn #Write & Earn $DOGE {spot}(DOGEUSDT)