Should You Buy Dogecoin in 2025?

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At HelloSafe, our expert has been closely monitoring the evolution of Dogecoin for over three years. Every month, hundreds of thousands of users across Australia trust us to decipher market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical guidelines, HelloSafe has never purchased Dogecoin nor received any compensation from entities associated with its ecosystem.

Dogecoin in brief

How much does 1 Dogecoin cost?

The price of Dogecoin is on the rise this week. As of today, DOGE is trading at approximately A$0.28, showing a 24-hour increase of +5.57% and a weekly change ranging between -2.4% and -4.6%.

Dogecoin’s market capitalisation stands at around A$41.8 billion, ranking it 9th among all cryptocurrencies, with a circulating supply of 149.58 billion DOGE and an average 3-month trading volume of about A$1.54 billion.

Its current market dominance is about 1.25% of total crypto assets. As always, Dogecoin remains highly volatile but continues to attract interest from both seasoned traders and newcomers in Australia looking for opportunities in the crypto market.

Our complete review of the cryptocurrency Dogecoin

Have we truly assessed the medium- and long-term potential of Dogecoin given its volatility, intensity of community involvement, and ongoing development? Our proprietary models have synthesised the latest on-chain metrics, technical momentum, extensive market data, and a competitive landscape review to capture the cryptocurrency’s most pertinent signals from the past three years. So, why could Dogecoin once again represent a strategic entry point in the payment and meme-driven crypto ecosystem as early as 2025?

Recent Performance and Market Context

Recent Price Evolution

Dogecoin (DOGE) currently trades at $0.185 USD (7 June 2025), positioning it well among the top capitalisations in the crypto sector. While DOGE has seen a notable retracement over the past six months (-60.44%), it registered a 15% annual gain, which is significant considering the broader sector rotation and risk-off periods witnessed across digital assets. Intraday price dynamics remain robust (+5.57% over the last 24 hours), indicating resilient liquidity and renewed trader interest.

Recent Positive Events

Several catalysts have contributed to DOGE’s positive outlook:

• Launch of cbDOGE (wrapped DOGE) on Base by Coinbase: This breakthrough broadens DeFi utility and paves the way for further integrations.
• ETF Spot Application by 21Shares: A DOGE ETF listed in the US would mark a major institutional milestone.
• Integration with Solana via a trustless bridge: This unlocks high-performance blockchain interoperability and catalyses flow from alternative Layer 1 ecosystems.

These technical and adoption drivers amplify Dogecoin’s relevance beyond its meme origins, solidifying its place as a payment asset with real-world traction.

Favourable Macro and Sector Environment

In 2025, market sentiment is turning more optimistic toward cryptocurrencies, especially assets showing resilient communities and strong use cases. Regulatory momentum towards spot ETF approvals and growing payment adoption from major retailers (e.g., Tesla, AMC, GameStop) further position DOGE in a prime spot to benefit from the next capital rotation into the sector.

Technical Analysis

Pertinent Crypto Indicators

• Relative Strength Index (RSI, 14D) sits at 51.3: This is a neutral setup, signalling room for momentum resumption, as oversold conditions appear to have normalised.
• MACD (Moving Average Convergence Divergence): A bullish crossover was confirmed at the start of June, indicating positive price acceleration potential.
• Major Moving Averages: The 200-day MA (~$0.185-$0.19) is currently providing strong support, consolidating the rebound base.

Key Support and Bullish Reversal Signals

• Support Zone: $0.175–$0.185 has shown high buying interest and defended against deeper pullbacks.
• Resistance Levels: Next technical ceilings are established at $0.20–$0.21.
• Golden Cross MACD: Seen in early June, this powerful signal is often followed by extension rallies.

Momentum and Favourable Market Structure

Short- to medium-term momentum metrics suggest DOGE could be in the early phase of a constructive reversal process, with the neutral RSI providing upside elasticity and the sharp MACD reversal pointing to accelerating buying flows. These elements are reinforced by robust on-chain activity and a still-buoyant derivatives market.

Fundamental Analysis

Expanding Adoption, Strategic Partnerships, and Ecosystem Development

• DeFi Expansion: The deployment of cbDOGE on Base blockchain boosts Dogecoin’s integration with leading DeFi protocols, multiplying utility for both payments and on-chain finance.
• ETF and Institutional Vector: The 21Shares spot DOGE ETF proposal, if approved, would reduce entry friction for institutional investors—an essential catalyst historically linked with price appreciation in the crypto market.
• Payment Use Cases: Merchant adoption by high-profile brands is on the rise and Dogecoin remains amongst the few meme coins with genuine transactional flow.
• Technological Edge: The Scrypt mining algorithm (lower energy consumption than Bitcoin’s SHA-256), 1-minute block time, and steady inflation (3.4% annually) make DOGE both efficient and scalable.
• Active Ecosystem: Recent advancements (Trusted Execution Environments, Libdogecoin) foster easier integration, wider developer adoption, and enhanced network security.

Attractive Valuation Metrics

• Market Cap: At $27.68B, Dogecoin ranks consistently within the top 10 global cryptos, underscoring robust liquidity.
• FDV and Circulating Supply: While DOGE has no hard cap (inflationary by design), current annual inflation (~3.4%) is significantly diluted by scale—making $0.185 an attractive accumulation zone on a relative-value basis.
• Volume and Market Traction: The 24h spot trading volume of $1.02B demonstrates sustained market confidence and high asset turnover.

Structural Strengths

• Brand Power: Dogecoin has a rare combination: meme appeal, celebrity alignment (notably Elon Musk), and mainstream name recognition.
• Open-Source Development: The community-driven nature, with critical input from figures like Vitalik Buterin, has fostered an agile approach to protocol enhancements.
• Differentiation: Unlike many altcoins, DOGE preserves both narrative and functional status, bridging entertainment, payments, and DeFi.

Volume and Liquidity

• Exchange Depth: Supported by all major trading venues (Binance, Coinbase, OKX, MEXC).
• Wallet Compatibility: Integrations with flagship wallets (Ledger, Trezor, Trust, MetaMask) increase accessibility for both institutional and retail investors.
• Dominance: Dogecoin’s place as the benchmark for meme-driven crypto assets remains uncontested, with stronger liquidity and deeper order books than smaller meme coins.

Catalysts and Positive Outlook

Near-Term Catalysts

• Potential ETF Approval: A landmark event that would channel new sources of capital and legitimise DOGE in the institutional arena.
• DeFi Integrations: Expanded cross-chain functionality is expected to drive incremental demand for DOGE as collateral and a payment token.
• Storied Community Engagement: At 76% bullish sentiment, social traction remains a critical amplifier of upward volatility.

Strategic Perspective

• Protocol Upgrades: Technical enhancements (e.g., Trusted Execution Environments, further bridges) will continue to underpin scalability and broaden real-world use.
• Favourable Regulatory Shifts: With an increasing number of crypto ETFs and institutional inflows globally, environments like Australia—with proactive regulation—could emerge as growth leaders for DOGE-based products.
• Expanding Use Cases: The move into NFT, gaming, and microtransaction ecosystems provides further potential for exponential engagement.

Investment Strategies Across Time Horizons

Short Term (weeks to months)

• Entry Zones: $0.175–$0.185 appears to be a technically sound accumulation window, at key moving average and established support.
• Tactical Positioning: Momentum signals (MACD, golden cross) imply a potential early uptrend phase well suited for active trading.

Medium Term (months to 1-2 years)

• Event-Driven Upside: Prospects of an ETF approval, major protocol upgrade, or DeFi integration justify maintaining exposure through anticipated newsflow.
• Growth Participation: Adopting a buy-on-dip approach, especially ahead of technical market catalysts, optimizes risk/reward dynamics.

Long Term (beyond 2 years)

• Strategic Hold: With continued ecosystem expansion, strengthening payment adoption, and mainstream brand relevance, DOGE maintains an asymmetric upside profile versus many Layer 1 and meme competitors.
• Portfolio Diversification: As the meme coin with the deepest liquidity and strongest identity, DOGE complements broader crypto baskets for investors seeking exposure to high-volatility, high-potential assets.

Dogecoin Price Projections (2025–2029)

Is Now the Right Time to Buy Dogecoin?

Key Strengths to Remember

• Robust technical base and renewed uptrend signals (golden cross, MACD, supports).
• Expanded DeFi and payment adoption fuel long-term utility and legitimacy.
• Major institutional catalysts (ETF proposal, high-level integrations) on the horizon.
• Exceptional community engagement and consistently elevated trading volumes.
• Attractive accumulation levels relative to both historical trends and projected ecosystem growth.

With the convergence of technical, fundamental, and sentiment-driven support, Dogecoin appears to represent an excellent opportunity for investors seeking dynamic exposure in digital assets. The evolving macro environment, prospective institutional flows, and continuous protocol innovation collectively justify renewed interest.

Dogecoin remains a high-volatility cryptocurrency offering outstanding dynamic investment opportunities, though it demands rigorous risk oversight. The sustained technical acceleration highlights Dogecoin’s power to generate swift, compelling moves, while continuing macro shifts underscore the need for selectivity. For those eyeing key accumulation levels and anticipating the forthcoming ETF and ecosystem upgrades, Dogecoin could well be poised for a new growth phase—and deserves careful, strategic consideration.

How to buy Dogecoin?

It is simple and secure to buy Dogecoin (DOGE) online in Australia using a regulated cryptocurrency platform. There are two main ways to invest: you can buy Dogecoin outright at the current price (known as a spot purchase) and hold the coins in your own wallet, or trade Dogecoin via Contracts for Difference (CFDs), where you speculate on price movements without actually owning the coins. Each method suits different investor profiles and risk levels. To help you make the right decision, you’ll find a detailed comparison of the main crypto platforms further down this page.

Spot Purchase

Buying Dogecoin “at spot” means you acquire the real coins, which are then kept in your secure wallet (on the platform or a personal wallet like Ledger or Trust Wallet). On most Australian crypto exchanges, you pay a fixed commission for each transaction, usually between 0.1% and 1.0%, plus a small flat fee (e.g., AUD 2–5) depending on payment method.

Example

Example: Let’s say Dogecoin is priced at $0.185 USD (about $0.28 AUD), and you wish to invest AUD 1,500.
- You could buy roughly 5,350 DOGE coins (AUD 1,500 / $0.28 AUD ≈ 5,350), after accounting for about AUD 10 in transaction fees.

✔️ Gain Scenario: If Dogecoin’s price rises by 10% (to $0.308 AUD), your portfolio's value increases to AUD 1,650.
Result: That’s a gross gain of AUD 150, or +10% on your initial investment.

Trading via CFD

CFD trading on Dogecoin means you do not own the actual coin. Instead, you take a financial position on Dogecoin’s price, allowing you to go “long” (bet on a rise) or “short” (bet on a fall). CFDs enable leverage—which means you can amplify your exposure with a smaller investment. Typical costs include the spread (difference between buy and sell prices) and overnight funding fees if you keep a leveraged position open for more than one day.

Example

Example: You open a CFD position on Dogecoin, using AUD 1,000 capital with 5x leverage.
- You now control an exposure of AUD 5,000 on the crypto market.

✔️ Gain Scenario: If Dogecoin’s price climbs by 8%, your leveraged position moves up 8% × 5 = 40%.
Result: That’s a gain of AUD 400 on your AUD 1,000 initial investment (excluding fees and overnight costs).

Final Tips

Before you start, always compare the fees, deposit methods, and platform security of each crypto provider. Your choice should match your personal investment objectives, risk appetite, and level of experience. For a side-by-side view of top platforms suitable for Australian investors, see our comparison table further down this page.

Our 7 tips for buying Dogecoin

The latest news about Dogecoin

Dogecoin’s co-founder Jackson Palmer, an Australian national, continues to play a visibility role in the crypto debate locally. Palmer’s ongoing presence in media discussions and his critical but constructive stance toward both crypto regulation and meme coins help maintain Australia’s unique position in the global Dogecoin conversation. His original involvement and periodic commentary are frequently cited by local Australian analysts as indicators of mainstream legitimacy and public interest in the asset class, especially as local exchanges and fintech platforms remain some of the most active globally.

Australian-based investors benefit from continued access to major global crypto exchanges offering DOGE, amid healthy local market liquidity. DOGE is among the top traded coins on platforms servicing Australia, such as Binance Australia and local brokers integrated with global liquidity pools. Trading volumes have remained robust, and regulatory clarity from the Australian Securities and Investments Commission (ASIC) ensures retail and institutional participation remains unhindered. This ongoing accessibility underpins confidence among financial professionals in the region and encourages regulated exposure to meme coins like Dogecoin.

The recent approval of wrapped Dogecoin (cbDOGE) on Coinbase’s ‘Base’ network is being increasingly referenced by Australian DeFi communities. This integration has provoked constructive discussions among local Web3 developers and investors regarding enhanced use cases for DOGE in decentralized finance, an area where Australia holds a budding innovation ecosystem. By enabling Dogecoin to interact trustlessly with other chains and DeFi protocols, including through the Solana bridge, Australian market players see improved interoperability and a tangible expansion in the token’s utility.

Technical analysis reveals positive momentum for Dogecoin, supported by a recent bullish MACD crossover and a neutral RSI, enticing local analysts. Despite DOGE’s price correction over the past six months, shorter-term indicators—such as a golden cross on the MACD and a neutral (but upward-trending) RSI—are interpreted by Australian traders and quantitative strategists as evidence of stabilization and modest bullish potential. This technical outlook is especially relevant for domestic funds employing algorithmic or swing trading strategies and is echoed in the current 76% bullish sentiment among the global community.

Predictions from Australian and global analysts indicate moderate to robust price growth potential for Dogecoin through 2025, with regulatory and innovation tailwinds. Recent projections, taking into account both Australia’s transparent regulatory environment and international catalysts like the 21SharesDOGE ETF application, see DOGE’s value possibly reaching $0.30-$1.00 in 2025. Particular attention is paid domestically to the innovation narrative—especially the adoption of advanced security environments and integration frameworks like Libdogecoin—which strengthens the perception of ongoing development and positions DOGE as a credible digital asset, not merely a speculative meme coin.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.