Dogecoin, the post-Bitcoin halving powerhouse, will it rally again?

About seven months after Bitcoin's (BTC) halving, the price of Dogecoin (DOGE) could begin to surge, according to a new report. According to blockchain publication Cointelegraph on Friday, Dogecoin is down more than 18% in the past month. In the last crypto bull market, Dogecoin began its rally in May 2020, seven months after the third Bitcoin halving in history, according to TradingView.

It also reached an all-time high of 0.73 on May 8, 2021, one year after the halving. Currently, Dogecoin is down 73% from its peak. If this pattern repeats, the price of Dogecoin is expected to reach a new all-time high in April 2025. However, it is difficult to apply technical analysis to Memecoin's value because it is speculative.

“Memecoin is a market driven purely by greed, and there is a lack of understanding of the high risk,” said Robby Greenfield, founder of Umoja Labs. Nevertheless, Greenfield expects some memcoins to remain highly valued.