Dogecoin News Today: Dogecoin Falls 8 as Utility-Based Tokens Gain Investor Favor

Dogecoin (DOGE) has once again captured the attention of the cryptocurrency market, with traders and investors speculating whether the coin could return to or even surpass its $1 level in the near future. As of late July to early August 2025, DOGE is trading at approximately $0.2044, with a market capitalization of $30.74 billion and a 24-hour trading volume that has fallen by 26.09% to about $1.51 billion [10]. While some analysts remain optimistic, citing potential for a 174% return by 2029 and a price of $0.60 by 2030, the $1 target is viewed by many as ambitious, particularly given DOGE’s reliance on social media hype rather than fundamental utility [1].

Traders are also increasingly shifting focus to alternative tokens that offer more tangible use cases. Among them, Remittix (RTX) has emerged as a notable contender. Positioned as a DeFi cross-chain solution, RTX enables real-time cross-border transactions involving 40+ cryptocurrencies and 30+ fiat currencies. Its beta wallet is set to launch in Q3 2025, and it has already raised over $18 million in its presale, selling more than 580 million tokens at $0.0895 each [10]. Unlike Dogecoin, which has been largely driven by speculative sentiment and meme culture, RTX is building infrastructure with real-world applications in finance and remittances.

The growing interest in RTX reflects a broader trend in the crypto market: a shift toward utility-based tokens that serve concrete financial functions. Analysts argue that while DOGE’s price action remains subject to volatile sentiment and retail speculation, projects like RTX offer more structured value propositions and clearer roadmaps for growth [10]. This has led some to question whether DOGE’s $1 target is even the most compelling narrative in the current market.

Meanwhile, other tokens are also drawing attention. Ruvi AI (RUVI) and Ozak AI have been highlighted for their audited structures and defined price projections, including potential rises to $0.01 and $0.02, respectively [3][6]. Google’s AI model has further underscored the possibility of alternative cryptos outpacing DOGE and Shiba Inu (SHIB) in 2025 [8]. These developments indicate that the crypto landscape is evolving, with investors seeking more tangible value rather than pure speculative momentum.

Despite the bearish pullback in early August—DOGE dropped 8%—some analysts still see long-term potential. Key support levels are currently at $0.189 to $0.213, and a retest of $0.20 could signal a bullish turnaround [9]. However, others caution against over-optimism. An analyst from BTCC recently advised investors to steer clear of DOGE due to the uncertainty surrounding its future performance [2].

The debate around DOGE’s $1 price target encapsulates the broader dynamics of the crypto market: a mix of speculation, institutional interest, and a growing emphasis on real-world utility. While DOGE continues to benefit from strong community support and large holder activity, the rise of tokens like RTX suggests that the market is beginning to value functionality over novelty. Whether DOGE can reclaim its former highs remains an open question, but the emergence of utility-driven projects is reshaping investor priorities and market expectations.

Source:

[1] BlockchainReporter: [Could Dogecoin Reach $1? Here’s Why Traders Are Still Betting Big](https://blockchainreporter.net/could-dogecoin-reach-1-heres-why-traders-are-still-betting-big/)

[2] BTCC: [Dogecoin Under $1: Last Chance to Buy Before the Next...](https://www.btcc.com/en-US/square/foolstock/742209)

[3] Barchart.com: [Experts Choose Ruvi AI's (RUVI) Audited Token Over Dogecoin...](https://www.barchart.com/story/news/33863761/experts-choose-ruvi-ais-ruvi-audited-token-over-dogecoin-doge-new-coinmarketcap-partnership-pushes-100x-gains-within-reach)

[8] MSN: [Google’s AI Predicts the Next Viral Crypto in 2025...](https://www.msn.com/en-xl/africa/nigeria/google-s-ai-predicts-the-next-viral-crypto-in-2025-here-s-why-it-could-crush-shiba-inu-shib-and-dogecoin-doge/ar-AA1JPxkz)

[9] Crypto: [DOGE Rally Stalls at 20-Cents, But Large Holder Activity...](https://cryptoadventure.com/doge-rally-stalls-at-20-cents-but-large-holder-activity-flashes-bullish-signs)

[10] Cryptonewsland: [Dogecoin Price Prediction: Dogecoin to $1? Traders Think It’s More Likely This Token Will Hit the Milestone First](https://cryptonewsland.com/dogecoin-price-prediction-dogecoin-to-1-traders-think-its-more-likely-this-token-will-hit-the-milestone-first/)