- Dogecoin price rose to above $0.25 as Bitcoin jumped to a new all-time high.
- DOGE could rally to $0.43 if bullish momentum continues.
- News of Dogecoin expansion to Solana via Wormhole’s multi-chain assets ecosystem could bolster DOGE.
Dogecoin (DOGE) price hovered around $0.24, with latest network development seeing it join Wormhole’s multi-chain assets ecosystem to expand DOGE to Solana (SOL).
While Bitcoin’s continued tease near its all-time high keeps traders glued on the benchmark crypto, analysts see a potential explosion for leading alts.
Ethereum for instance has broken above $2,700 in the past 24 hours, and Solana, XRP and BNB all trade near key levels.
After a breakout this week pushed DOGE price past the $0.2 mark, analysts say a continuation could see bulls take $0.3.
The integration with Wormhole to bring the top memecoin to Solana may be one of the upside catalysts for Dogecoin.
DOGE going cross-chain
On May 23, interoperability platform Wormhole announced that Dogecoin would be live on Solana. DOGE was going cross-chain, ringing its $35 billion native token to the massive ecosystem that’s Solana.
Per the Wormhole team, the integration will be powered by Wormhole’s Native Token Transfers (NTT) framework.
DOGE will also tap into Wormhole’s zero-knowledge proofs, with the move now seeing DOGE use as a Solana-native token come into play.
$DOGE is going multichain 🐕
the $35 billion asset is coming to @solana, powered by Wormhole NTT
much wow
such solana pic.twitter.com/syJQb3eDYK— Wormhole (@wormhole) May 22, 2025
Notable is that this is a development that will not only enhance Dogecoin’s utility, but also improve accessibility and use across the broader cryptocurrency market.
“Bringing DOGE to Solana combines two massive industry forces, the leading blockchain by volume and a top ten digital asset by market cap — and we’re excited Wormhole is the infrastructure provider to make this moment a reality”, said Robinson Burkey, co-founder of Wormhole Foundation.
Burkley added:
“This integration underscores Wormhole’s commitment to underpinning the internet economy, bringing us closer to a unified multichain financial ecosystem for both high-value tokens like DOGE and institutional-grade assets.”
As noted, the launch on Solana is a big move for DOGE. With DOGE ‘s reach across the crypto market set to explode, positive sentiment could help price rebound higher.
Dogecoin price – technical outlook
The price of Dogecoin hovered around $0.16 on May 6, 2025.
In recent days, buyers have helped it push higher amid gains for memecoins, reaching $0.25.
However, as top coins slowed, led by BTC’s consolidation above $100k, DOGE slipped.
Yet, a breakout from a bull pennant pattern has seen the token’s price rally to retest the key hurdle at $0.25 again.
This time, Dogecoin rose as Bitcoin stormed to a new all-time high above $111k.
Currently, the DOGE price sits around $0.24.
A look at the chart, as above, shows technicals pointing to a potential bullish extension. If this confirms, a breakout past $0.3 will take bulls to $0.43
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