Dogecoin MVRV Returns To This Crucial Level — DOGE Price Up 400% The Last Time

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Alright, so here’s the thing. The altcoin market—yeah, the one with all the memes and questionable decisions—has been hit pretty hard recently. I mean, Dogecoin, the meme coin that somehow became a thing, dropped over 55% in the first quarter of 2025. And yet, here we are. Dogecoin’s price just jumped 15% in a week. It’s almost like it’s trying to prove it’s got more to offer than just a funny dog.

But hold your horses, because this isn’t some sort of “get-rich-quick” fantasy. No, no, it’s more like Dogecoin might actually be getting ready to make another run. Maybe. According to some “expert” who goes by the name Cryptollica on X (because that’s where the cool analysts hang out), it could be in for a sustained bull run. How exciting! I mean, who doesn’t love a good bull run? Not me, but… it’s a thing.

So, What’s Really Going On With Dogecoin?

Here’s the deal. It all comes down to this little thing called the MVRV metric, which tracks the ratio of a coin’s market cap to its “realized” cap. Don’t worry about the technical stuff; just know that when this ratio is above 1, investors are actually in the green. If it’s below 1, well, they’re probably crying in their bedrooms. That’s crypto for you—emotions running high, wallets running low.

In theory, a high MVRV ratio means people are probably getting ready to dump their Dogecoin—when they’re in profit, they bail. But when the ratio dips below 1, well, that might mean the market’s hit rock bottom. It’s like a signal to say, “Hey, maybe it’s time to pick up some cheap coins!” Or not. Depends on your mood.

Now, take a look at this chart, folks. You see that little “1” marker? Yeah, that’s where the magic happens. In the past, every time the MVRV ratio hung out around that level, Dogecoin shot up like a rocket on a caffeine binge. Seriously, in August 2017, it went up 1,900%. In 2020, 2,200%. And when it happened in August 2024, the price jumped by 400% to over $0.50. So, who knows? Maybe history’s repeating itself… or maybe it’s just wishful thinking. I wouldn’t bet the house on it, but hey, it’s fun to imagine, right?

Looking at all this, there’s a chance—just a chance—that Dogecoin might be gearing up for another big move. Maybe. The market seems to be improving, so who knows? A sustained bull run isn’t totally out of the question, but don’t start planning your yacht party just yet.

Where’s Dogecoin Now?

Okay, let’s get real. After briefly touching $0.19 on April 19, Dogecoin’s price seems to have cooled off a bit. Right now, it’s hovering around $0.18, which is a 0.3% drop in the last 24 hours. Big deal. It’s Dogecoin. It’s up, it’s down, it’s everywhere. At this point, if you’re still holding it, you’re probably used to the rollercoaster ride.

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2025-04-27 17:50