Dogecoin (DOGE) has faced a sharp price crash, falling to the $0.12 price level for the first time since October 2024. According to CoinGecko data, DOGE’s price has dipped 5.1% in the last 24 hours, 7.7% in the last week, 4.6% in the 14-day charts, and 20.4% over the previous month. Moreover, the memecoin’s price has fallen by a whopping 68% since December 2024. If things continue as they are, DOGE could fall to the 10-cent mark. DOGE last traded at 10 cents in early October 2024.

Will Dogecoin Crash Below 10 Cents?

The cryptocurrency market has seen some of its worst months in 2025 since October, a historically bullish month. Bitcoin (BTC) climbed to an all-time high of $126,000 in early October, but has been on a downward trajectory since. Dogecoin (DOGE) is following BTC’s trajectory, registering heavy losses over the last few months. The current market crash is concerning, especially considering the fact that the Federal Reserve rolled out a 25 basis point interest rate cut earlier this month.

Dogecoin’s (DOGE) latest crash is likely due to continued macroeconomic uncertainty. The uncertainties around the economy seem to have outweighed the interest rate cuts over the last few months. Jobs data has also not ignited investor confidence. Market participants are likely moving away from risky assets, such as cryptocurrencies. Dogecoin (DOGE), being a memecoin, carries even more risk than traditional crypto assets, such as Bitcoin (BTC), Ethereum (ETH), XRP, etc.

Additionally, Barclays recently said that the crypto market could face increased challenges in 2026, arising from low volume and the lack of demand. Such a circumstance could lead to Dogecoin (DOGE) facing additional price corrections and dipping to the 10-cent mark.

Also Read: Pepe, Dogecoin, or Trump: Which Memecoin Explodes Next in 2026?

We could also be heading for another crypto winter. In such a case, Dogecoin (DOGE) could even dip to $0.09. The crypto market will likely not improve unless the global economy finds a stronger footing.