Dogecoin’s August Curse: When Meme Coins Cry 😢

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In the dusty plains of the crypto world, where dreams and digital fortunes intertwine, August looms like a dark cloud over Dogecoin. Historically, the month has been a graveyard for the beloved meme coin, and as we shuffle into August, whispers of a price crash fill the air. The downtrend that haunted Dogecoin at the end of July might just be the prelude to a storm of double-digit losses. 🌪️

August Could Turn Red For Dogecoin

Looking back over the last 11 years, it’s clear why investors approach August with a cautious step. Out of these 11 years, 7 have ended in the red, leaving only 4 years of green. The numbers tell a grim tale: a median return of -9.98% and an average of -0.79%, according to CryptoRank. It’s a month where the coin’s value seems to wilt under the summer sun. ☀️

But let’s dive deeper into the abyss. The last three years have been particularly brutal. In 2020, just as the bull market was winding down, Dogecoin took a 9.98% nosedive, signaling the end of the party. The next year, 2023, was even more unforgiving, with a 17.9% crash. And in 2024, another 16.9% plunge added to the streak of red closes. It’s enough to make any crypto enthusiast question their faith. 🤔

Post-Halving Trend Could Save DOGE Price

Amid the gloom, there’s a glimmer of hope. August has a peculiar habit of shining bright after a Bitcoin halving year. Following the 2016 halving, Dogecoin rallied 20% in August 2017. Similarly, after the 2020 halving, the coin surged 34.2% in August 2021. This year, with 2024 being a halving year, the stage is set for a potential repeat performance. 🎉

However, there’s a twist. In both 2017 and 2021, July had closed in the red, setting the stage for the August rally. But in 2025, July has already seen a 35% rally in Dogecoin’s price, which is a significant departure from the usual pattern. This could mean that Dogecoin might not follow the post-halving trend this time around. 🤷‍♂️

Yet, the crypto market’s sentiment remains bullish, and if Ethereum continues its upward trajectory, triggering an altcoin season, Dogecoin could lead the charge. After all, in the world of meme coins, Dogecoin is the king, and kings don’t back down easily. 🦾

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2025-08-02 13:17