Expecting that Dogecoin price will exceed $1 is nothing fresh, especially for investors who witnessed a historic 36,000% raise in 2021. This raise, initiated by billionaire Elon Musk, saw the value of the meme coin raise from less than $0.03 to over $0.7. While this showed Musk’s influence, it also showed the potential for meme coins like Dogecoin to quickly reach fresh record highs. This raised the expectation that the meme coin might have a similar rate.

Dogecoin at $1 is simply expected

Over the years, countless investors and analysts have predicted that Dogecoin’s price will reach $1. For now, it seems to be less a matter of if and more of a matter of when. Some speculated that the advent of Dogecoin ETFs would trigger this move, but that has not happened, even though DOGE ETFs are currently on the market.

Given the disappointing performance of Dogecoin ETFs, attention has now turned to other factors that could drive Dogecoin’s price to this milestone. So does cryptocurrency analyst Crypto Patel he believes that the price of DOGE is heading to $1, but that will only happen when the next meme coin season arrives.

Meme coin season simply refers to the period in which meme coins like Dogecoin they grow speedy. The term was first coined in 2021, following Dogecoin’s initial popularity when rivals such as Shiba Inu appeared on the scene. By the time players like SAFEMOON entered the scene, it was already a full-fledged meme coin season, with the number of fresh coins being created as “jokes” reaching unimaginable levels.

Dogecoin, being the largest and leading meme coin in the space, usually sets the tone for meme coin season. However, the last meme coin season saw a complete shift away from Dogecoin’s dominance, with investors instead preferring coins created on the Solana blockchain.

Although DOGE’s price increased during this time, it was not as expected as the leading meme coin was unable to break its previous all-time high. This suggested a shift towards newer, “shinier” meme coins with greater profit potential.

That being said, for Dogecoin to see a move that takes it above $1, there would need to be a move towards the “old way.” This means that the meme coin season will start with DOGE and then spread to other tokens, instead of what was seen in 2024-2025.

However, when meme coin season arrives, the analyst says, then… The price of Dogecoin will be between $1 and $2. The lower end of this forecast would be an raise of 1,000%, and the upper end would be based on an raise of over 2,000%.

Featured image from Dall.E, chart from TradingView.com