Dogecoin’s Future in Doubt: Polymarket Predicts Dip Despite Bullish Surge

Despite a recent surge in Dogecoin (DOGE) activity, Polymarket predicts a disappointing outcome for the cryptocurrency’s price. Their prediction of reaching above $0.24 has plummeted to only 13%, indicating that most experts don’t expect DOGE to significantly break its current price level. This shift comes after a recent jump of over 500% in active Dogecoin addresses, according to Glassnode data, suggesting growing network activity this week. This surge is also coinciding with higher investor interest, as evident in a notable increase in large transaction volumes, and surging open interest in DOGE futures reaching $1.65 billion. However, Polymarket’s prediction of DOGE exceeding the price target by tomorrow remains uncertain as analysts continue to analyze its performance.