Dogecoin (DOGE) was first introduced as a cryptocurrency developed based on an internet meme and has since gained a large following from both mainstream media and social media users alike.
Nowadays, there is a large community of people who continue to buy and hold DOGE, particularly during times of intense market volatility. At press time, the coin is trading at $0.09112 with an increase of 0.11% over the past 24 hours.
Monthly Chart Data Reveals DOGE’s Strongest Historical Windows
According to the monthly return heatmap created by CryptoRank, DOGE jumped significantly in price during January of both 2021 and 2022. This is due mostly to an almost unseen 711% price increase in January 2021 and multiple years of strong price movement throughout the month of January.
April has also shown the potential for explosive growth, with a jaw-dropping 546% increase in April 2021, indicating that the spring month of April has been historically good for DOGE, especially during the peak of meme-related market cycles.
October has also displayed impressive returns, including 105% and 41% gains in 2022 and 2024, respectively, making it another reliable month for DOGE’s recovery.
Although there will not always be the same spike in every year, there is ample evidence of a strong, consistent seasonal tendency for out-sized moves during the early and spring months.
Also Read: Dogecoin (DOGE) Signals Recovery as Bulls Target the $0.15 Range
Shopify Expanding Its Global Reach with Dogecoin Payments
According to a recentupdate on X by the user named Dogegod, Shopify now accepts Dogecoin as an option at checkout along with traditional credit cards and PayPal. This means Shopify is giving e-commerce businesses around the world additional access to over 1 million businesses worldwide selling through their platforms.
With the addition of Dogecoin payments for millions of merchants globally on Shopify, this is an improvement in how far Dogecoin can go as a real-world currency. Generally speaking, acceptance of crypto will require integration with a third-party or another processor, and this further validates how usable Dogecoin is as a form of payment.
Most people who love crypto and are part of the blockchain community believe this is a step in the right direction toward growing the acceptance of crypto in lieu of trading on an exchange.
In conclusion, the prior months of the year have traditionally been the strongest for Dogecoin (January and April), but continued integration into commerce will likely help broaden Dogecoin’s long-term outlook due to the added facets added through increased usage.
Both seasonal strength and continued growth in real-world applications could help lead DOGE to a potentially high price point as these two factors align.
Also Read: Dogecoin Hits Key Entry Zone: Could DOGE Target $0.60 in the Next Cycle?
