Dogecoin (DOGE) Poised for $4 Breakout—Wall Street Bets on Meme Coin Madness

Wall Street’s latest crypto darling? Dogecoin. Analysts are tipping DOGE for a seismic surge to $4, defying skeptics who still dismiss it as a ’joke asset.’

Why the sudden optimism? Retail frenzy meets institutional FOMO—plus Elon Musk’s X platform keeps teasing DOGE integration. When the whales start accumulating, even Bitcoin maximalists pay attention.

Technical indicators scream bullish: A 300% rally in Q1 2025, breaking key resistance levels that trapped DOGE for years. The $1 psychological barrier fell like a meme-stock short squeeze.

But here’s the kicker—this isn’t 2021. With actual merchant adoption (looking at you, Tesla) and layer-2 scaling solutions, DOGE might finally shed its ’useless crypto’ reputation. Or at least bank enough gains to make hedge funds pretend they believed in it all along.

Analyst forecasts peg DOGE for dramatic surge

Wall Street asset manager Ark Invest predicted that Bitcoin could hit an all-time high of $2.4 million by 2030 and such an increase typically trickles down to the rest of the crypto market. Big-cap altcoins and meme coins like Dogecoin, whose price action is closely correlated with Bitcoin, could capture a large swathe of that liquidity as the leading meme coin by market cap.

Data from IntoTheBlock shows that Dogecoin’s correlation in the past month sits at 94%, lending credence to the bullish predictions some prominent crypto analysts are forecasting for Dogecoin within the same time frame.

Dogecoin is closely correlated to Bitcoin prices. Source: IntoTheBlock

The path to DOGE at $4

Veteran crypto analyst Ali Martinez believes Dogecoin’s price action is moving at price levels that are sloping upwards in the long term dependent on the meme coin’s ability to hold at certain price ranges.

Currently, Dogecoin prices sit right between solid support at the $0.16 to $0.19 range which, according to Martinez, keeps the path towards a run to $4 wide open. That’s about a 19x increase from its current prices. If this forecast comes to pass, it would mean Dogecoin would run up to a market cap of $575 billion. That’s double the market cap of Ethereum, which is second only to Bitcoin.

This is, of course, all within the realm of speculation if Dogecoin took six years to hit its 2021 all-time high of $0.74, it’s still well within the realm of possibility for Doge to capture enough of the runoff from expected capital inflows into Bitcoin to see it mint new all-time highs on its path to $4. Can the support hold up its end of the bargain for most of the year? Only time will tell.

Dogecoin holding at support levels. Source: CoinMarketCap

Is $4 actually possible for Dogecoin?

A growing number of Wall Street analysts believe Dogecoin could be mirroring the price action reminiscent of its epic 2020 to 2021 run to all-time highs. What we’re seeing right now could be an ideal time to accumulate DOGE before it goes on the next leg up and ultimately to bullish $4 territory.

Ultimately, Dogecoin could, in theory, reach $4 for as long as it remains hitched to Bitcoin’s wagon. And given its history of outperforming Bitcoin during peak bull runs, Dogecoin could outperform $4 given its viral appeal and first-mover status as the top meme coin in the business.

New PayFi presale superstar Remittix (RTX) offers DOGE-like gains

While Dogecoin remains on a bullish trajectory in the next 5-year time frame owing to its close correlation to Bitcoin prices, early-stage blue chips like Remittix (RTX) offer a similar pathway to parabolic gains within a shorter time frame. Owing to its presale raising past $14.7M+ raised as RTX tokens available at a discount of $0.0757 draws the interest of whales and the smart money, Remittix could be an ideal play for investors looking to get the most bang out of their investment buck.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix