Crypto: Dogecoin increasingly unpopular on social networks!

Dogecoin is experiencing a marked slowdown, marked by a drop in investor interest and a decrease in activity on social networks. This trend contrasts with the past euphoria which surrounded this crypto born from a simple meme. According to Santiment data, enthusiasm for DOGE has reached an all-time low, reflecting a gradual loss of market confidence. The fall in investor sentiment, combined with a significant reduction in online discussions, highlights a wait-and-see climate where caution appears to take precedence over speculation. However, this weakening is not unanimous. Some observers see this as a typical market bottom, conducive to a future recovery. In their eyes, this lull could represent a strategic buying opportunity for investors willing to bet on a possible rebound, provided that the overall market regains bullish momentum.

Growing disinterest in Dogecoin on social media

Market sentiment around Dogecoin is reaching a critical point, with one of its lowest levels in a year. According to Santiment data, the cryptocurrency scores 1/5, much lower than XRP (4/5) and Solana (4/5). This distrust is manifested in particular on social networks, where the volume of discussions related to DOGE has decreased sharply in recent weeks. Once supported by an active and engaged community, Dogecoin now seems to be losing momentum, which could affect its ability to trigger a surge in interest in the short term.

Alongside this fall in market sentiment, the value of Dogecoin is seeing a sharp decline. In the space of a month, its price fell by 28%, and currently stands at $0.33. Over the last 30 days, the crypto has posted a loss of 15.3%, following a similar downward trend to other memecoins, such as Shiba Inu (-15.9%) and Pepe (-22.2%). This lack of interest extends beyond active investors. Google searches associated with Dogecoin have plunged 74% since November. Such a period coincided with the dropping of a lawsuit filed against Elon Musk and Tesla, accused of manipulating the price of DOGE through their media interventions. Without a major catalyst, the current momentum could persist, leaving Dogecoin in a phase of prolonged uncertainty.

A potential rebound for contrarian investors?

Although the craze for Dogecoin seems to be running out of steam, some observers remain convinced of its long-term potential. For them, this phase of stagnation could precede a new upward dynamic. The Wizz trader, followed by 768,700 subscribers on X (formerly Twitter), asserts on January 6, 2025 that “DOGE will outperform the majority of major cryptos over the next six months.” He bases his analysis on a graphic configuration similar to that observed in November 2024, a period which preceded a notable bullish rally in Dogecoin.

For his part, analyst KrissPax shares a comparable vision. On January 8, 2025, he published an analysis on estimated that “the next major movement in Dogecoin will occur in 2025”. According to him, the current price consolidation is reminiscent of past trends, which suggests a possible recovery of the market in the medium term.

Other experts go even further and anticipate a significant rise in DOGE by 2025. Some predict a price between $3 and $5, based on the Gauss Channel indicator, a technical analysis tool. used to identify price cycles and long-term trends. If these predictions are confirmed, the current situation could represent an interesting entry point for investors looking to accumulate Dogecoin at a discount. However, this prospect remains conditional on a return of general interest in memecoins and an overall recovery of the crypto market.

The future of Dogecoin will largely depend on the return of collective enthusiasm and the evolution of the crypto market as a whole. So the decline in social sentiment and the collapse in Google searches signal marked disinterest, but DOGE's history shows that it has often rebounded after similar phases. Some investors see it as an accumulation opportunity, while others fear a slow erosion of its popularity. Everything now relies on a possible revival of interest, driven by major events or a return of speculation on memecoins. In this uncertain context, caution is required in the face of always unpredictable volatility.