Dogecoin (DOGE) has long been the people’s favorite and now experts are debating whether it could hit the $1 mark by the end of 2025. With recent developments like the DOGE-1 mission, the launch of new tech initiatives, and high-profile endorsements, Dogecoin keeps evolving beyond its meme origins. Meanwhile, PlutoChain ($PLUTO) is coming up as a next-gen potential solution to Bitcoin’s speed and scalability challenges thanks to the introduction of a hybrid Layer-2 blockchain. Here’s all you need to know. Can Dogecoin Hit $1? Experts Weigh In As of January 23, 2025, Dogecoin (DOGE) is trading at approximately $0.3547, with a 24-hour trading volume of around $2.96 billion. The circulating supply stands at about 150 billion DOGE, resulting in a market capitalization of approximately $52.09 billion. Over the past 24 hours, DOGE has experienced a price decline of 2.50%, and over the past 7 days, a decline of 8.27%. The immediate resistance is at the 0.5 Fibonacci level of $0.3943 with immediate support at around $0.345 and $0.330. The RSI is at 44 right now, which puts DOGE in a slightly bearish zone. One standout moment for DOGE came on November 14, 2024, when President-elect Donald Trump announced the creation of the Department of Government Efficiency (DOGE), with Elon Musk and Vivek Ramaswamy at the helm. Unsurprisingly, this news caused DOGE’s price to jump nearly 20%, proving once again how closely tied the token is to big headlines. On the legal front, a lawsuit accusing Elon Musk of manipulating Dogecoin’s value was dismissed on November 15, 2024, due to lack of evidence. This outcome helped remove some uncertainty and likely reassured many investors about the token’s stability. From a tech perspective, the Dogecoin Foundation rolled out its roadmap for 2024, focusing on projects like GigaWallet, LibDogecoin, and RadioDoge. Then there’s the DOGE-1 mission, a collaboration with SpaceX to launch a satellite funded entirely by Dogecoin. This project is a fun yet meaningful way of showcasing DOGE’s potential for real-world applications. Bark , a crypto analyst on X, predicts a major breakout for $DOGE and says it will reach $1. Another analyst, Alice Crypto , says that Dogecoin has recently broken out of a bullish pennant and is showing a strong recovery from a critical support level. She forecasts an impressive rally of over 80%, with a projected target price ranging from $0.70 to $0.80. PlutoChain ($PLUTO) Is The Next-Generation Solution that Could Improve Bitcoin with Speed, Security, and Smart Capabilities Bitcoin’s legacy as the most famous digital asset is undeniable, but it has its shortcomings. Frequent network congestion, sluggish transaction speeds, and steep fees often leave users frustrated, particularly during peak activity. These limitations stem from Bitcoin’s foundational design, which caps its transaction capacity at just a few per second. PlutoChain ($PLUTO) is a hybrid Layer-2 solution that could complement Bitcoin’s main blockchain. This project aims to alleviate congestion, minimize fees, and enhance scalability, which could make Bitcoin more accessible and efficient. One of Bitcoin’s longstanding challenges is its 10-minute block time, which slows down transaction processing significantly. Using Layer-2 technology PlutoChain offers block times of just 2 seconds, which could rival the speeds of advanced blockchains like Ethereum and Solana. PlutoChain also brings smart contract functionality to Bitcoin, which could elevate it from a digital store of value to a dynamic platform capable of supporting DeFi, NFTs, and AI-driven applications. Thanks to its built-in EVM compatibility , PlutoChain could make it seamless for developers to migrate their Ethereum-based projects to the Bitcoin ecosystem. During its testnet phase, PlutoChain showcased remarkable scalability by processing an impressive 43,200 transactions daily without delays. Security is at the forefront of PlutoChain’s vision. It has passed rigorous audits conducted by SolidProof , QuillAudits , and Assure DeFi and complies with global regulatory standards. A standout feature of PlutoChain is its community-driven governance model. This approach empowers users to propose and vote on crucial decisions, from new features to partnerships. The Bottom Line Dogecoin is slowly but surely evolving beyond a meme coin, and its developments, such as the DOGE-1 mission and tech advancements, confirm it. Meanwhile, PlutoChain ($PLUTO) could set the stage to potentially revolutionize Bitcoin by addressing its scalability and speed limitations. With its blend of speed, security, and community-focused governance, this project could be the key to unlocking Bitcoin’s full potential. ———— Please remember that this article is purely informational and not financial advice. Any and all cryptocurrencies are volatile, with prices prone to rapid changes. Always do your own research and consult an expert before joining any crypto venture. We are not liable for any outcomes based on the information in this article. Statements about the future entail risks and may not reflect updates. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
