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Every crypto era has its own distinct characteristics, and for the first time, we are entering a period with the approval of a US-based Spot Bitcoin ETF coinciding with a rate cut phase. Moreover, this is happening as Bitcoin breaks all-time records before the Bitcoin halving, reminding us that we are in a different period from other four-year cycles. So why is this period different, and what are the predictions for DOGE?
2024-2025 Crypto Bull Run
We are at the beginning of a crypto bull run that will likely go down in history and, based on historical data, may continue until mid-2025. Even though it’s just the beginning, Bitcoin has already reached its all-time high before the halving has occurred. More importantly, if the inflation data next week is not bad, the Fed will clarify the start date for interest rate cuts.
Jason Fernandes, co-founder of AdLunam, emphasized that each cycle is experienced under different conditions. Compared to the past, the percentage growth for BTC may be weaker, but this cycle’s global investor count and market value reached are expected to be impressive.
“The 2012 Bitcoin halving was met with limited investment by technology enthusiasts and niche communities. In 2016, we saw an increased recognition of Bitcoin as an alternative currency that could withstand economic instability. The 2020 pandemic year was a bit of an anomaly due to the halving being balanced with a dire overall financial situation. As a result, I can say that the effects of the Halving tended to be evenly distributed among the prevalent macroeconomic factors of that period.”
According to IntoTheBlock data, miners’ revenues in USD are lingering at historic highs, and we can already say they will not face massive financial pressure with the halving of block rewards. At least, miner sales should be less disruptive from this perspective.
Dogecoin (DOGE)
Halving is our most important agenda item in the short and medium term. However, while everyone is focused on Bitcoin, the price of DOGE is about to reach $0.2 as this article is being prepared. Daily gains are approaching 10%, and Bitcoin‘s close above $69,000 is encouraging DOGE bulls.
Meme coins attract a lot of attention in bull markets, and being the largest meme coin by market value, it is possible for the price of DOGE to see new exciting peaks by mid-2025.
The price, which rebounded from $0.168, is now preparing to reclaim $0.204 after turning $0.18 into support. If successful, the main targets will be $0.23 and $0.27. After that, we can talk about the start of the real rally process for DOGE.
