Bullish or bearish trends ahead?

DOGE, the most well-known meme coin, has been in the spotlight for over a decade with its unpredictable price swings — and April 2025 was no different. Although the token gained 2.5% compared to March, it’s currently seeing a slight decline.

So, what could May bring for Dogecoin (DOGE)? Will the trend shift again, or is a slowdown likely to continue? Here’s what we know in our Dogecoin price prediction for May 2025.

What is DOGE?

Dogecoin was launched in 2013, originally inspired by the viral Shiba Inu meme, but it quickly gained traction as a serious cryptocurrency. Over the years, it has built a dedicated global community and attracted attention from major public figures like Elon Musk.

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Technically, Dogecoin runs on a Litecoin-based codebase and uses the Scrypt algorithm, enabling faster and cheaper transactions than Bitcoin. One key characteristic is its unlimited supply — new coins can be mined without a cap, which makes it an inflationary digital asset rather than a deflationary one.

What factors could shape Dogecoin price prediction for May 2025? Is Dogecoin a good investment?

DOGE price factors for May

Nasdaq has officially taken a big step toward making DOGE more accessible by applying to the U.S. SEC for the first-ever 21Shares Spot Dogecoin ETF in April 2025. If it gets approved, investors would be able to invest in Dogecoin without the need for crypto wallets.

Such approval could significantly influence Dogecoin’s price by introducing new demand from both institutional and retail investors who previously stayed away from crypto due to complexity or regulatory concerns.

The added credibility and accessibility from a regulated ETF could drive up investor confidence, increase liquidity, and potentially lead to upward price momentum — particularly if launched during a favorable market cycle or crypto bull run.

Dogecoin crypto price prediction: general outlook

As of April 30, 2025, DOGE is trading at $0.17, down about 5% in the past day and week.

In May 2025, we could see Dogecoin’s price move up and down, depending on a few important happenings in the market. One of the biggest factors is the ongoing talk around the 21Shares Dogecoin ETF. If the SEC gives the green light for the ETF, it could spark more interest from institutional investors and possibly lead to a significant price increase.

Additionally, Dogecoin’s price may be affected by overall market conditions and broader cryptocurrency trends. Any news regarding regulatory changes, network upgrades, or major partnerships could further impact its price.

On the flip side, market corrections or delays in ETF approval could exert downward pressure, resulting in short-term price declines.

What are the analytical platforms forecasting in their Dogecoin price prediction for May 2025? Will Dogecoin go up or down?

Dogecoin price prediction: May 2025

CoinCodex’s Dogecoin coin price prediction suggests that DOGE could see a small drop next month, with the potential to lose 2.45% and remain at approximately the same price level of $0.17 by May 29.

The DOGE price prediction for April 30 leans bearish, as 18 indicators signal a decline, while 11 suggest a possible rebound.

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According to DigitalCoinPrice’s Dogecoin price forecast, DOGE might increase by nearly 78% in May, potentially reaching a maximum price of $0.36.

Wallet Investor’s DOGE projections are also positive, indicating that the meme coin could reach a maximum price of $0.255 by the end of May.

Should you invest in Dogecoin? Only if you’re okay with some volatility. There’s a lot of excitement around its community and the possible ETF, but expectations for May 2025 are mixed, so it’s worth being cautious.

What happens with DOGE next month will depend on market events and time.