Dogecoin Price Gains 12% in 24 Hours: Here’s What To Know
Dogecoin price surges as new memecoins like Fartcoin hits all-time high following AI-fueled hype.
The leading meme-themed cryptocurrency, Dogecoin, is up almost 12% in the last 24 hours, adding to its gains over the past few days. It changes hands for $0.391, its highest since December 18.
Dogecoin rose 18% in 2025 and recovered from its low of December 20, when it traded below $0.27. The cryptocurrency gained significantly in the fall of 2024, partly due to Elon Musk’s public support for Donald Trump during his presidential campaign.
Following Trump’s victory, Dogecoin rallied with other major cryptocurrencies, hitting a high of $0.48 in December. The feat marked a three-year high for the asset and reignited investor interest.
Dogecoin Among Top 10 Crypto Gainers
While Dogecoin steals much attention, it is not the only cryptocurrency noting gains. Cardano was the biggest gainer amongst the top 10 cryptocurrencies by market capitalization, up 15% in one day to $1.10.
Meanwhile, Bitcoin was up 1% to $98,275, while Ethereum rose over 3% to almost $3,600. In the memecoin universe, Fartcoin is gaining substantial traction. This relatively new digital asset has reached a never-seen high of $1.53, gaining 57% in the past week alone.
Built on Solana’s memecoin platform Pump.fun, the rise of Fartcoin can be attributed to its association with artificial intelligence (AI). Many industry players are hailing the intersection of AI and crypto as a new and exciting development.
Can Dogecoin Trade at $1?
Despite recent gains, Dogecoin has not yet reached the long-awaited $1 level, even though it is up 373% in the last year. On-chain data showed that large investors have been buying the asset lately.
Notably, cryptocurrency analyst Ali Martinez observed that these whales bought 1.08 billion DOGE in one day. Hence, Martinez is bullish on Dogecoin’s prospects, stating that the cryptocurrency may see another gain of 6,770% if the factors sustaining its upward momentum remain in effect.
According to an AI prediction tool, DOGE will reach $1 by March this year. This means a rise of 222.96% compared to current levels. The tool predicts that the cryptocurrency will peak at $1.13 by April this year before a continued price decline for the remainder of the year.
AI-Driven Projects Vs. Memecoins
The connection of Fartcoin to the AI-oriented platform Truth Terminal has substantially increased its popularity, causing a significant surge in its price. The digital asset trades at $1.42, up about 707% in the last thirty days and 64.5% in the last seven days.
This is part of a larger shift within the cryptocurrency space, where innovation and narrative building are becoming key factors shaping market movements. Being the pioneer memecoin, Dogecoin continues to inspire new projects.
Dogecoin is an exemplary instance of what happens when culture and technology are integrated to enhance value. Nevertheless, a top-level executive at Dragonfly Capital, Haseeb Qureshi, has predicted that AI-agent coins will overshadow memecoins in performance this year.
He explained that these AI coins have better utility coupled with AI’s relevance across many industries. Still, he believes that these AI-agent coins will only trend within the next twelve months due to technological limitations.
He predicted that users will start favoring human-led projects over AI-led ones by 2026. Meanwhile, in a recent survey of 42 project owners on Solana, 16% of them believe that AI projects are the most overrated ones on the Solana blockchain and would instead invest in memecoins than AI projects.
Dogecoin and Memecoins’ Prospects
The crypto market is so volatile, and such is the case with memecoins. Hence, investors must remain informed and sensitive to fluctuations in the market.
Like other coins in the market, DOGE’s price action will depend on the combination of market sentiments, ecosystem developments, and broader macroeconomic factors. This recent surge in the price of DOGE suggests that it still has some relevance in the cryptocurrency space.
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