Dogecoin (DOGE) Has ‘Nice’ Potential Upside if Crypto Markets Begin Going Up, According to Santiment
Crypto analytics firm Santiment says that meme asset Dogecoin ( DOGE ) is set up for an explosive move to the upside if the digital assets market starts to rebound.
According to Santiment, the top memecoin by market cap is ready for a breakout after plummeting more than 30% from its recent high of $0.46 in early December.
Santiment says that there is a big potential for a DOGE surge based on a steep decline in market sentiment for the digital asset as measured by social media mentions.
Says Santiment,
“Markets historically move the opposite direction of the crowd’s expectations.”
DOGE received the lowest market sentiment score by Santiment at one out of five, one being the most bearish, based on the memecoin’s “normal” market sentiment over the past three months.
“Crypto’s top memecoin has been extremely quiet outside of a temporary run-up at the beginning of the year (coinciding with Elon Musk’s brief handle change to ‘Kekius Maximus’).
Since its top exactly one month ago, Dogecoin has shed -28% of its market cap. Crowd sentiment has been near its lowest point over the past year, meaning there is actually some nice upside to be a daring contrarian toward DOGE (in particular) if crypto markets begin to trend upward again.”
Source: Santiment
DOGE is trading for $0.32 at time of writing, down 2% in the last 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How to truly make a mark in the crypto industry?
You can't live the life you want just by "copying and pasting."

a16z Annual Report: The 17 Most Exciting Web3 Ideas for 2026
Stablecoins will become the infrastructure of Internet finance, AI agents will gain on-chain identity and payment capabilities, and the advancement of privacy technologies, verifiable computation, and compliance frameworks will drive the crypto industry from pure trading speculation towards building decentralized networks with lasting value.

Morning Brief | a16z Crypto releases annual report; crypto startup LI.FI completes $29 million financing; Trump says the rate cut is too small
A summary of important market events on December 11.

Trend Research: The "Blockchain Revolution" is Underway, Remain Bullish on Ethereum
The integration trend in the crypto market and Ethereum's value capture.

