Dogecoin Poised for January Surge, But Will It Follow Ethereum’s Lead?
Dogecoin (DOGE), one of the most well-known meme cryptocurrencies, could be heading for a significant surge in January, with predictions suggesting a potential 91% rally.
Historical data from CryptoRank reveals that the average return for DOGE in January has been 91.5% over the past decade. The most remarkable January for the token occurred in 2021, when it saw a staggering 711.5% increase.
However, the following years have been less fruitful, with two declines and a 37.2% rise in 2023.
Looking at the broader picture, only five out of eleven Januarys have ended with positive returns, and current statistics suggest a greater likelihood of a downturn for DOGE this January. The median return for the token stands at -7.95%, signaling mixed prospects for the coming month.
READ MORE: Jupiter to Distribute $581 Million in JUP for 2025 Airdrop
On the other hand, Ethereum’s performance and other top altcoins suggest a potential altcoin rally, which could support DOGE’s growth. Ethereum, for example, has shown consistent positive returns from January to May, with its lowest median return being 12.1%.
If Ethereum sparks an altseason, Dogecoin could see extended growth, but for now, all eyes will be on how January plays out.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
