According to analytics company Santiment, the mood in the community Dogecoin (DOGE) are at one of their lowest levels in the last year.
Google Trends data shows a sharp drop in interest in the memecoin. The number of searches for the word " Dogecoin " is now 22, down significantly from its peak of 100 in mid-November 2024.
The figures are falling as the meme token itself is declining. At the time of writing, DOGE was trading at $0,334, having lost about 19% of its value over the past month.
DOGE rate
Santiment analysts believe that the fall of DOGE could be a great opportunity for investors to benefit from the asset’s potential revival. Indeed, many crypto experts predict that the memecoin will show good results in 2025.
For example, a trader who goes by the pseudonym Wizz recently published a post predicting that DOGE will outperform most other crypto assets in the coming months.
Another analyst noted the similarities between current price action Dogecoin and the situation in 2017. Then token consolidated near its all-time high before a significant price surge. If history repeats itself, DOGE's current consolidation phase will last for several months before a new bull run begins.
