All of this summed up prevents Dogecoin to succeed and rise in price for the long-term. The community has launched several campaigns to drive up the price. But a look at Dogecoin price prediction could give an idea of this. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. Copyright 2023 Market Realist. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised by the Securities Commission of The Bahamas with license number SIA-F245. In February, after Musk tweeted Doge and Dogecoin is the peoples crypto, we saw a 50 percent surge in price. the average trading price will be $0.497. For DOGE to hit $10, it would need to rise nearly 3,800 percent. Remember, you should always carry out your own thorough research before making an investment. One of the reasons Dogecoin and other cryptos have suffered in recent months is the instability of the market in general. From its current price of just under $0.15, Dogecoin would need to rise more than sixfold to reach the $1 mark. Remember that past performance is no guarantee of future returns. So, HODL Doge will be the great deal as of now and it continue to set new ATH and probably very soon $1 will be reality. This gave the coin a market cap of around $11.5bn, making it the 10th largest crypto by that metric, according to CoinMarketCap. We could then see the Dogecoin price reach $0.6 by the end of 2023. Now that Elon Musk has taken over Twitter, it could work favourably for dogecoin. Dogecoin price reached an all-time high of $0.45 in April 2021. Also, considering that the coin has made roughly 5,000 percent gains in the past year, its not ridiculous to assume that the coin could triple in value (or more) in due time. The price of DOGE in 5 years could lie around $ 0, according to CaptainAltcoins prediction model. #Doge4Amazon Petition. Doge sees huge growth in market cap volume and as per the top exchange portal Doge demand increases and more investor started holding doge in their portfolio. GME's spike was fuelled by short-sellers being forced to cover their positions as the stock's value rose instead of tumbling but it gave hope to other traders looking to make money this year. Conclusion: Yes, Dogecoin Can Reach $10. The market has yet to decide whether it will continue its downtrend or start an uptrend this year. The current CoinMarketCap ranking is #9, with a live market cap of $10,057,542,208 USD. Dogecoin continued its trade at $0.002 during the start of January. But that might not happen very soon, especially not if the crypto winter persists. Our algo still sees a some green in 2023, especially in the second part of the year. Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven. A roadmap and governance for the future of Dogecoin. The 0.72 ($1) target seems much more realistic at this stage, although the last attempt to push DOGE up on "Dogeday" (April 20), ended with the token plunging in value. Lets take a look at some of the dogecoin price predictions and find out some more about the coin, too. The DOGE price can be highly volatile, even in the context of cryptocurrency markets, as social media communities often drive large spikes in its value and subsequent crashes that generate mainstream media coverage. Wallet Investorhad a rather gloomy DOGE price prediction, suggesting that it could drop to$0.00699by 21February 2024. Given that it has not reached $1 in almost ten years, many might question how long it would take. DOGE is 69 cents right now. Mr Fiery tweeted on Monday: "To the MOON! Depends on the definition of the moon. Show this thread. @TheBinanceNFT. DOGE holders believe the token featuring a smiling Shiba Inu dog can be pushed up to the 0.72 ($1) mark this year. ", Join half a million readers enjoying Newsweek's free newsletters. 2020. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. I mean, its shocking to me that GameStop continues to hold any value, Novogratz said. The cryptocurrency tapped into the popular Doge meme featuring a shiba inu dog, using the dog as its logo. Tesla has started accepting Bitcoin payments for its cars and now holds some of the digital currency on its balance sheet. The $258bn lawsuit was filed in June by investors who have lost money on the token, arguing that the defendants profited tens of billions of dollarswhile knowing that the value of dogecoin depended solely on marketing. It would seem night impossible for the token to hit such a price but stranger things have happened this year. Eventually, the joke will stop being funny and the project will get delisted and effectively killed by the exchanges. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. The answer lies in its astonishing returns. We update our DOGE to USD price in real-time. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The coin rebounded to $0.1716 on 7 February, but was unable to hold at that level. Sam Onigbanjo, founding partner at the Capital Markets Academy told Express.co.uk: "Dogecoin is currently at 0.29 ($0.40) and in the short term will overtake 0.70 ($0.50). But, overall, usage is currently quite limited. Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. No. If you rely on the information on this page then you do so entirely on your own risk. Related: Does SpaceX Have Its Own Cryptocurrency? Retail investors, who are easily swayed by what they see or hear on social media, will flock to Dogecoin in order to get rich quick. In the span of just one year, it became one of the ten largest crypto projects with a market cap of more than $88 billion. Long-time DOGE holders who adopted the token in its infancy have already enjoyed spectacular gains this year and have broken the 0.36 ($0.50) barrier on Tuesday. From its current price of just under $0.15, Dogecoin would need to rise more than sixfold to reach the $1 mark. DOGE dropped to $0.1107 on 13 March before making another attempt at the $0.17 level on 5 April. As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. Dans un march trs haussier, cependant, une augmentation massive de plus de 50% est galement possible. After all, the coin was worth only $0.005 on January 1, 2021, and $0.1715 by December 31. The altcoin also got a boost from more businesses accepting it as a payment option. Why? A summer rally brought the price up to $0.351 on 16 August but it fell again to $0.1945 on 26 September. However, Cheems follower continue to rise so does and meme popularity also increasing at global level. as following that and our prediction we could see Doge crossing $1 USD probably after mid 2021 or in the beginning of 2022. I also break down how its possible fo. People may receive compensation for some links to products and services on this website. Capital Com Online Investments Ltd is a limited liability company with company number 209236B. Dogecoin isn't capped at a certain amount of coins like Bitcoin's famous 21 million supply. That could also drive its price. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. Elon Musk's support was integral to Dogecoin's rise to popularity, and his influence within the community has not diminished. Musk tapped into the social media hype around the coin, tweeting that it was the peoples crypto. Because there isn't nearly enough money in the world, it would be nearly impossible for Dogecoin to reach $100. It is hard to say. It is worth considering Dogecoin is an inflationary token - unlike Bitcoin - meaning there is an infinite supply of the token to be mined. Fans of the altcoin are trying to get Amazon to to accept it. $10 per Dogecoin is also likely within this decade. And after eight years of trading for fractions of a penny, Dogecoin's market cap of 64.47billion ($89.69billion) is now greater than that of Twitter. Bear in mind that past performance is no guarantee of future returns. Im not the only one, right?". Dogecoin will then rise to $0.57 in 2028, and $1.45 in 2030. The market value of Dogecoin is currently around $0.45 USD, and for the price to reach $100, it would require an investment of $18 trillion. The difference between trading assets and CFDs. Why The Feature Disappeared. So will Dogecoin reach $1? Our forecasting model sees Dogecoin price crashing and dropping to near 0 in a distanced future. The foundation was later dissolved, but it relaunched in 2021 as the coin attracted new investors and the price soared. Apple's revenue in the fiscal year 2022 totaled $394.3 billion globally. But some believe there is an even greater potential for gains. Serum price being one of the prime competitor to Shiba Inu. I wish I woulda read this article in November or December..MucH WoW!!! Built by software engineers Billy Markus and Jackson Palmer during the early Bitcoin craze and featuring a "mascot" of the then-popular meme featuring a Shiba Inu dog, the coin was originally conceived as a meta-joke about monetary value and the internet. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Prediction: These 3 S&P 500 Stocks Will at Least Double in 7 Years, Can Dogecoin, valued at more than $19 billion and now the world's 12th-most valuable cryptocurrency (as of Jan. 10), eventually, Additionally, having Dogecoin's merits heavily influenced by. The recent price action in Dogecoin left the tokens market capitalization at $11,249,040,750.29. The Newegg endorsement sent DOGE price soaring. For Dogecoin to hit $1, it will need to hit a market cap of $130 billion, which is around 3x from its current price point. Lets now take a look at some of the dogecoin price predictions that were being made as of 21February 2023. someone bids $1) then that will induce a huge wall of selling (from all those holding DOGE) which will flood supply and bid prices back down. In fact, it is impossible to predict the price of an asset 40 years from now. Markus added: "At this moment , many people will trade you a dime and two pennies for it, and you can directly buy from any number of merchants who integrate BitPay or Crypto.com payment platformscompanies like [computer and electronics online retailer] Newegg, [NBA team] Dallas Mavericks, etc. But how realistic are these beliefs? To date, more than 110 billion DOGE tokens have been mined and stand at a market cap of 49.31billion ($68.39billion). Our forecasting model sees Dogecoin reaching $0 in 2040. At the time, many investors were eagerly awaiting the resolution to the question: Will Dogecoin reach $1? While it failed to do so in 2021, it showed that Dogecoin can reach 1 dollar, as long as a strong social media push and a broader crypto market upswing are in play. The initial target is to lift the price to $1, as hitting that milestone will make more people to start taking the so-called joke currency more seriously. Please note that some links on CaptainAltcoin.com are affiliate links. No, Dogecoin will not replace or overtake BTC. These include activity on the Reddit thread r/WallStreetBets among the #DogeArmy, the social media hype surrounding #DogeDay (April 20), and tweets from celebrities and brands, including Tesla CEO Elon Musk. The Doge Day 4/20 event that fans had hoped would help drive the tokens price to $1 turned out to be underwhelming as the price actually fell. Before you even consider buying Dogecoin, you should consider the risks of investing in cryptocurrencies. CoinPriceForecast was far less bullish in its DOGE coin price prediction. It fell further to $0.1607 on 20 July, when cryptocurrency markets found a bottom. Will DOGE be among those 5%? We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. 423. Saturday, 4th March 2023See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive. But the event revealed a fast-growing community around a cryptocurrency that started as a joke. Luckycoin was a hard fork, or spin-off, from the litecoin (LTC) cryptocurrency, which in turn was a hard fork from bitcoin. If you are considering investing in cryptocurrency coins or tokens, we recommend that you always do your own research. Dogecoin was created solely as a joke between two developers who never met in person. While individually these small plugs from brands may seem like potentially irrelevant promotions, they can affect a cryptocurrency's price in a big way. Not that I understand but what I do know is this its ethereum based which is seemingly working. The Motley Fool owns and recommends Bitcoin. Tesla has invested $1.5 billion in bitcoin. Markus and Palmer based the Dogecoin blockchain protocol on the open-source coding of the now-defunct luckycoin cryptocurrency. Also, many long-term crypto price predictions are made using an algorithm, which means that they can change at a moments notice. And Venmo's foray into the space puts the company among a growing suite of large institutions that have more recently begun accepting or at least recognizing the value of digital currencies. Considering Doge has a huge supply and no real world use, its upside potential is limited by pure market speculation and forces it can produce. The one-dollar mark has long been the aim of some members of the Dogecoin community on Reddit, and is becoming a real possibility as this week the price shot up from around $0.13 Thursday. It was worth $0.003 in December 2020 and commanded a market capitalization of roughly $370 million. The DOGE rally has prompted a frenzy of memes and tweets from the token's backers. Tuesday morning was a good morning for Dogecoin investors, who saw Dogecoin trade for $0.53 more than half of a dollar, according to Forbes.. Dogecoin's recent rise. Below is a tabular overview of how will DOGE develop in the short-term (for the next 90 days), according to our prediction model: Our prediction model sees DOGE reaching $ 0.1088 in 2025. At the time of writing, a single dogecoin was worth $0.25, up more than 80 percent in the past 24 hours according to CoinMarkCap data. Before 2021, the token existed on the fringes of the crypto space, with only the hard-core community members paying attention to it. Check out what's holding Dogecoin back of late and whether Dogecoin has a path to . Sending DOGE's price to $10 may be the next target for the fans if it hits the initial milestone. Only a handful of exchanges and brokers support the altcoin now. Can Dogecoin reach $10? No, our prediction model sees no possibility for Dogecoin to reach $10 in the short or mid-term period. While it is generally agreed that Dogecoin can reach $1, the bone of contention is when this would happen. According to our long-term forecasts, Dogecoin will reach $0.12 by the end of 2023 and $0.21 by the end of 2025. The site's technical analysis was bearish, with 17indicators making downbeatsignals and 13 making bullish ones. The meme coin has soared in value thanks to its popularity on social media. Keep track of your holdings and explore over 10,000 cryptocurrencies. That has crypto investors wondering if the. Such a transition could further increase Dogecoins appeal, especially among eco-friendly crypto participants. But remember, the cryptocurrency industry is still young and volatile, and due to Dogecoin having a weak use case and no supply cap, while the numbers may be looking good now, it could easily go the other way. Capital Com is an execution-only service provider. At the same time, with the nature of cryptos being as unpredictable as they are, the possibility of Doge reaching its $1 moon, and even eclipsing it, remains astrong possibility as well. Elon Musk once predicted that Dogecoin would be the currency of the world (and Mars). With that out of the way, the sentiment surrounding DOGE's potential has been bullish this year but just how far can the momentum carry Dogecoin? Redditors are determined on Thursday to take meme-worthy Dogecoin above $1. Now looking at next milestone that probably $10, $100, $1000, in which $10 quite possible in next 5 to 10 year, but $100 USD and $1000 is very tough to predict that could take more 30 to 50 years from now. Not bad for a meme or a joke. In the long run, the inflationary model is expected to bring down prices. Lets Get @amazon To Accept #DOGE https://t.co/llxEFwUdOQ. You can find John on Twitter @J_Finns or email at john [at] screenrant [dot] com. At its height in May of last year, Dogecoin hit $0.64 USD, a price that was much closer to its $1 target price. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Geopolitical tensions, concerns over inflation, shortages, and other factors have all contributed to a situation where investments of all kinds have been impacted. It joins Mark Cubans Dallas Mavericks, car dealership Post Oak Motor Cars, and airline AirBaltic among major businesses now accepting the crypto for payment. Dogecoin (DOGE) showed an amazing progress back in September when the coin was able to collect major gains due to the Dogethereum demo hype. #DogecoinToTheMoon", Another person said: "I feel like an addict checking #dogecoin price every 30 seconds. In this video, I discuss what needs to take place in order for Dogecoin to reach new heights and maintain them as well. The majority of projects will fail some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market. However, due to the large supply, which is ever-increasing, the market cap would have to grow larger than 1.3 trillion USD. as we know Elon musk has huge fan following with over 45 million active followers on twitter that must be the reason why one tweet changing momentum of DogeCoin. Just over a week ago, Musk tweeted, "Doge Barking at the moon, which boosted the coins price some more. Although DOGE started as a jokeit soon gained popularity among crypto users, as its low value (it launched at $0.000232) made it convenient for small online transactions, such as tipping content creators on social media platforms. we know Dogecoin worth depending on meme and Elon musk exactly doing same with creating memes. At this point, it is difficult to predict whether Dogecoin culd ever reach $100 by 2030. I WISH I would have bought DOGE at .04! There are currently about 130billionDogecointokens in circulation today, with 10,000 new ones minedevery minute. Ultimately, though, this is a question that you will have to answer for yourself. But that might not happen very soon, especially not if the crypto winter persists. Dogecoin does have some additional hurdles that it may need to overcome to reach $1. One phenomenon seen over the years is the correlation between how much a coin is talked about, whether that be measured by mentions on social media or trends on Google, and its price. If you've ever wondered 'is Dogecoin a good investment?' or 'why is Dogecoin going up?' read on, we've got answers. 5 billion are not alot of DogeCoins if they get brought out quickly so do more research on how currency works please. Even Cathie Woods ARK funds have substantial exposure to bitcoin through trusts. Some argue that Dogecoin does not stack up when compared to tried and tested digital currencies like Bitcoin. Itestimatedthat dogecoin could reach$0.1381 at the end of 2023 and gave a dogecoin price prediction for 2025 that saw it close the year at a potential $0.177before arguing thatit could reach $0.2948 by the end of 2030. F or several analysts, there is a high probability that Dogecoin will reach $1 per coin. And never trade with money that you cannot afford to lose. No, our prediction model sees no possibility for Dogecoin to reach $1 in the short or mid-term period. DigitalCoinPricemade a dogecoin cryptoprice prediction that gave an average of$0.17 in 2023,$0.21 in 2024and $0.30in 2025, based on historical data. ErgMaN_2point0 2 yr. ago. Will Dogecoin hit 50 dollars? That said, DOGE has a reputation for being somewhat volatile, so we will have to wait tosee what might happen, especially in the light of the recent market crash. Retail investors, who are easily swayed by what they see or hear on social media, will flock to Dogecoin in order to get rich quick. Our forecasting model sees Dogecoin reaching $0 in 2030. 306. While the Doge Army could successfully campaign to boost its price, any increase may be short-lived. Meanwhile, investment banks Goldman and Morgan Stanley plan to offer bitcoin exposure to their wealth management clients. Dogecoin, a meme-inspired cryptocurrency that was started as a joke in 2013, is now worth more than $10 billion after a gravity-defying year-to-date rally of 1,500%. No, our prediction model sees no possibility for Dogecoin to reach $10 in the short or mid-term period. Inflation might also slow dogecoin rise to $10. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The problem is, every time the price goes up,it seems to drop down again soon after. It is unreasonable to expect a long-term Dogecoin survival if that is the only hinge for the project. The current price of Dogecoin sits at $0.085 USD, which is some ways away from its primary goal of hitting the $1 marker. Should I Sell or Buy Bitcoin Before Halving? Market Realist is a registered trademark. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Can Dogecoin Reach $10? Dogecoin which was worth as low as $0.0023 back in summer 2020 jumped to $0.10 in value on Thursday. There's a high probability that Dogecoin will reach $1 per coin. Even the original founders, Jackson Palmer and Billy Markus, stopped working on Dogecoin in 2015. And how much will it be worth? Bullish or skeptical, crypto investors are interested in dogecoin projections after seeing its returns crash those of its blue-chip rivals such as bitcoin and ether.