A recent analysis suggests that Dogecoin may underperform in the current bull cycle as its correlation with XRP's past performance grows stronger. Dogecoin experienced significant gains in 2024 but has since corrected by over 32% in 2025. This correction has drawn comparisons to XRP's performance in the 2020/2021 bull season, where regulatory issues limited its growth. Analysts believe that Dogecoin could mirror XRP's price action, with the potential for a similar correction. However, there are conflicting opinions, with some traders predicting a rebound for Dogecoin and suggesting a surge to $10. The growing institutional interest in Dogecoin, including the filing of a Dogecoin ETF application, may also contribute to further upsides. Currently, Dogecoin is trading at $0.2109, down 5% for the month.
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