Dogecoin’s Quiet Phase Presents Potential Buying Opportunity, Says Santiment

Santiment’s recent analysis indicates that Dogecoin (DOGE) is currently in a quiet phase, with much lower levels of social media activity compared to other cryptocurrencies.

Despite a 28% dip in its market cap from January’s peak, this lull could present a unique buying opportunity for investors willing to take a calculated risk. With Bitcoin and other major coins receiving higher crowd sentiment, Dogecoin’s subdued period may signal a potential resurgence if market conditions turn positive.

Some traders, like Wizz, believe Dogecoin has the potential to outperform other major cryptos in the next few months, while analysts like KrissPax see similarities between Dogecoin’s current price behavior and trends from the previous year, suggesting that a significant rally could come in 2025. This has led to speculation that Dogecoin could reach $3–$5 by 2025.

Despite a drop in Google searches for Dogecoin, which fell by 74% since November, Santiment suggests that periods of reduced hype can often be beneficial for long-term accumulation. While the market sentiment around Dogecoin may be weak for now, those who are patient and prepared for a market-wide rally may stand to gain.

In comparison, Bitcoin (BTC) is seeing neutral sentiment as market reactions turn more cautious following a Fed-driven retracement in December. Ethereum (ETH), however, is maintaining a solid position above $3,000, with Santiment noting that any significant drop could create buying opportunities, albeit with higher risks.

Santiment Report