- Dogecoin has gained 34% in the past month, outperforming Bitcoin and solana, thanks to a strong rebound after a prolonged correction.
- However, without renewed promotion or community support, its price is likely to remain volatile and below its 2021 peak.
Dogecoin (DOGE) has made an impressive comeback in the last thirty days, climbing 34% and outperforming major cryptocurrencies like Bitcoin (+18%) and solana (+19%). Among the top ten digital assets, only Ethereum has posted a better return (+48%), with Hyperliquid leading the top twenty with a staggering +84%.
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A Resilient Rebound for DOGE
After a punishing few years, Dogecoin’s recent surge marks a decisive shift in its price trend. While it remains nearly 67% below its all-time high of $0.7 from May 2021, the latest rebound has brought DOGE back above the $0.24 mark. This climb began on May 9, 2025, ending a months-long correction that had pushed the memecoin below $0.2.
This movement is especially notable considering Dogecoin’s typical volatility and the absence of Elon Musk — the meme token’s original catalyst — from recent promotional activity.
Mirroring Ethereum’s Trajectory?
Interestingly, DOGE’s current recovery pattern more closely resembles Ethereum’s than Bitcoin’s or solana’s. Both Ethereum and Dogecoin struggled in 2023 and 2024, followed by sharp recoveries in 2025. While this may be coincidental, it signals a broader bounce among previously underperforming assets.
However, it’s important to remember that while Ethereum is backed by a strong utility-driven ecosystem, Dogecoin remains a purely speculative asset with minimal technical development or institutional support.
What Lies Ahead for Dogecoin?
Despite the current optimism, Dogecoin faces a major challenge: sustainability without a promotional powerhouse. The previous hype wave — largely driven by Musk — is no longer present. Without a resurgence in community enthusiasm or high-profile endorsements, DOGE may struggle to reclaim its 2021 glory.
Still, a mini-altseason expected in June could provide another boost. If speculative interest spikes, DOGE may attempt to retest the $0.5 level. Otherwise, a continued price range between $0.1 and $0.3 appears likely.
For now, Dogecoin remains one of the top performers in the crypto space this month — a familiar position for the king of memecoins. But the question remains: will this rally spark a return to the top, or is it just another fleeting spike in Dogecoin’s rollercoaster history?
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