The post Dogecoin News: Why DOGE Is Unlikely To Ever Hit $1 As New Viral Altcoin Surges 400% In Days appeared first on Coinpedia Fintech News
Dogecoin once captured headlines with promises of reaching $1, but that dream now seems distant. Despite past rallies, retail sell-offs, weak technicals, and heavy whale dominance are holding DOGE back. Meanwhile, a new viral altcoin is rewriting the script, soaring 400% in just days. As investors chase real innovation and growth, Dogecoin may struggle to keep up in this new market cycle.
Dogecoin Slides Again As Whales Keep Buying And Retail Keeps Selling
Dogecoin is once again losing steam, dropping over 4% after last week’s brief 37% rally. The excitement that pushed DOGE higher has faded fast, and retail sentiment remains firmly on the sidelines. While whales continue to accumulate, with over 122 billion DOGE now in their hands, smaller holders are still offloading. Retail selling has persisted since early July, and new participants haven’t replaced the exit. This imbalance is weighing heavily on the price.
Market data from Coinglass confirms the trend: trading volume is down nearly 47%, and open interest has dropped to $4.85 billion. Technicals paint a grim picture, too. DOGE trades below all major moving averages, including the 50-day, 100-day, and 200-day, each reinforcing downward pressure. The MACD is deep in the red, and any small rally attempts are quickly overwhelmed by larger selloffs.
Despite heavy whale support, DOGE continues to struggle with strong resistance levels and a lack of new retail enthusiasm. Analysts now question whether Dogecoin can ever realistically approach $1. It’s not just about memes anymore; market structure and momentum say otherwise.
Without fresh retail demand and under consistent resistance, DOGE’s path to $1 is becoming harder to imagine. Meanwhile, a new altcoin is stealing the spotlight with a 400% surge, raising fresh questions about where retail energy is heading next.
DeSoc Could Be The Viral Altcoin That DOGE Never Became
While Dogecoin struggles to find upward momentum, a new altcoin is quietly building massive traction. DeSoc (SOCS) is capturing attention with its decentralized approach to social media, something traditional platforms have failed to deliver. A 2023 study found that 64% of Americans believe social media companies control the news too much. DeSoc takes this seriously, using blockchain to return control to users and protect their data. It’s not about memes or hype; it’s about transparency, fairness, and real utility.
The team behind DeSoc has locked their tokens for two years and secured a 30-year liquidity lock, moves that signal a serious long-term vision and market stability. Unlike projects that focus solely on price action, DeSoc backs its mission with multiple security audits, with one already completed and more scheduled. This shows clear dedication to protecting investors and users alike.
Its user-friendly design features customizable profiles, integrated wallets, and AI-powered content recommendations, all while safeguarding privacy. However, unlike Dogecoin, which has no real utility, DeSoc has a real-life use case. It is a platform where user ownership, the safety of data, and free speech are the primary concerns.
With token distribution fully transparent and early access already generating buzz, DeSoc is shaping up to be the altcoin that doesn’t just ride a wave it builds one.
Discover the future of decentralized social infrastructure with DeSoc. Explore the project and join the SOCS token presale here:
Website: https://desoc.space
