Can This Bull Run Put Dogecoin Above $1?

The broader cryptocurrency market surged this week, with Bitcoin rising from $62,000 to $78,000. The phenomenal rise occurred in less than a week, yielding traders massive profits. The cryptocurrency market is brimming with positivity for the first time this year, after President Donald Trump announced that the US government is considering buying a “sizeable” amount of Bitcoins. This made the market spike in value, and investors turned bullish. Leading meme currency Dogecoin also rose nearly 25%, and is the biggest surge recorded in 2026.

On the heels of the ongoing rally, chatter is rife on social media that Dogecoin can breach the $1 level. The meme currency has been trying hard to get there since 2021, and it’s been five years since that dream was kept alive. However, the meme coin has only disappointed investors since then, as prices have only moved south. After reaching an all-time high of $0.73 in May 2021, DOGE went on a relentless slump. It plunged to the $0.10 mark in 2024-2025 and has remained there for two years straight.

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