Dogecoin News Today: Dogecoin Eyes $0.50 by September as Meme Coin Shift Drives Growth

Dogecoin has shown signs of short-term recovery, with analysts suggesting it could break out to $0.50 by September 2025. The cryptocurrency recently retested key support levels and maintained resilience despite a broader market slowdown. As of August 6, it was trading at $0.20, slightly below its 10-day moving average but demonstrating early signs of a potential upward trend. Analysts such as Mikybull Crypto point to its continued strength in the meme coin sector and growing Web3 interest as potential catalysts for further gains. Notably, trader Crypto General has forecasted a price target of $1 for DOGE, citing the possibility of a liquidity shift from Ethereum (ETH) and Solana (SOL) to Dogecoin [1].

Despite this optimism, many market observers argue that Dogecoin’s days of delivering 100x returns are behind it. With a market capitalization exceeding $28 billion, it no longer fits the traditional mold of a low-cap asset, which has historically been more conducive to explosive gains. As a result, some investors are shifting their focus to newer low-cap meme coins that offer similar appeal but with greater growth potential. One such project is Layer Brett ($LBRETT), which is being highlighted as a potential next 100x opportunity in the crypto space [1].

Layer Brett is being positioned as a meme coin with real-world utility and DeFi features. It offers fast transactions, ultra-low gas fees, and a staking system that rewards early participants with rates as high as 20,000%. Built on a secure smart contract chain, the project aims to address Ethereum’s key limitations while retaining the meme-driven momentum that has driven recent success stories. The tokenomics of $LBRETT include a fixed supply of 10 billion tokens, and the project is planning to expand its ecosystem with NFTs and gamified staking [1].

Analysts suggest that the current bull run in 2025 is making $LBRETT an attractive entry point for investors seeking high-growth potential. The token is currently trading at $0.004 during its presale phase, offering early investors a chance to accumulate before broader adoption. Additionally, a $1 million giveaway is live, further increasing early interest and drawing attention from crypto traders, including some who have previously invested in Dogecoin [1].

While Dogecoin remains a key name in the meme coin space and has attracted bullish forecasts, the broader market is starting to look beyond it for the next wave of growth. This shift is driven by the search for projects that combine meme culture with real-world utility and scalability. Layer Brett is emerging as a leading contender in this new landscape, with its focus on Layer 2 infrastructure and DeFi features setting it apart from traditional meme coins [1].

Sources: [1] Coindoo (https://coindoo.com/dogecoin-eyeing-0-50-by-september-but-analysts-believe-the-days-of-100x-gains-are-now-with-low-cap-memes/)