DOGE’s Tumultuous Decline: Understanding the 50% Price Drop and Its Future Outlook

In a shocking turn of events, Dogecoin (DOGE) has experienced a dramatic crash, leading to a significant decline in its millionaire addresses and value. Here’s a closer look at the factors behind this turmoil and what the future holds for the meme coin.

DOGE Crash: 41% Fewer Millionaires as Price Plunges 50%

The Dogecoin (DOGE) crash from 2025 has shocked the crypto world, with data revealing that 41.37% of Doge millionaire addresses vanished between January and March. The meme coin’s value has dropped by nearly 50%, falling from $0.34 to $0.17. This decline coincided with Elon Musk’s controversial Department of Government Efficiency (D.O.G.E.) initiative. Many investors are now trying to understand the reasons behind this price drop and predict what might happen next.

Elon Musk: US Government Has ‘No Plans’ For Dogecoin

In an important development for the leading memecoin, Elon Musk has stated that the US government currently has no plans to use Dogecoin (DOGE). The head of the DOGE Commission, established under the Trump administration, also noted that the cryptocurrency will likely not be integrated into government operations anytime soon. Musk, who has been closely associated with Dogecoin and even referred to himself as the ’Dogefather,’ clarified this position, leading to a decline in the asset’s price. According to CoinMarketCap, Dogecoin has fallen by 7% over the last seven days.

Dogecoin Price Prediction: Could Hit $10 by 2025?

A recent technical analysis of Dogecoin’s monthly price chart suggests that the meme coin could experience another parabolic rally. Crypto analyst Dima Potts predicts that DOGE could hit a price target of $10 or more before the end of 2025, based on patterns seen in previous 4-year cycles where major price explosions occurred during the fourth year.