Historical data shows that DOGE performs best in January, with an average return of 85%.

Dogecoin (DOGE) has risen 21% in the past week, outperforming major meme coins such as Shiba Inu (SHIB), Pepe (PEPE) and Bonk (BONK). Analysis points out that the rise is due to the renewed interest of whale investors. On January 3, whale investors purchased more than 1.08 billion DOGE, worth $413 million. According to blockchain analysis platform Blockchair, on the same day, a transfer of 399.9 million DOGE (worth about $144.9 million) was transferred from Binance to an unknown wallet. Such transactions are generally considered bullish, indicating that selling pressure has eased as tokens are transferred to private wallets. According to CryptoRank data, January has been DOGE's best performing month, with an average return of 85%, far exceeding any other month. In January 2021, DOGE soared 711%, while in January 2014, its return was 269%. April was DOGE’s second-best month, with a return of 546% in April 2021 and 84.9% in April 2018. Alex Thorn, head of research at Galaxy Digital, recently predicted that DOGE could rise 170%, reaching $1 for the first time and pushing its market value to $100 billion. (Cointelegraph)