According to crypto analysts, Dogecoin does not make a good crypto investment. This is based on Dogecoin's performance over the past 12 months. Dogecoin has been plunging, and the worst thing is that nothing is holding Dogecoin from plunging further. This is because Dogecoin is a meme coin and has no use cases.
On May 4, 2021, Dogecoin has surpassed a $75 billion market cap. Since then, however, Dogecoin has fell significantly. While it's now worth 20% of its all-time high, the dog-themed cryptocurrency still has a multi-billion dollar market cap.
Reaching $1 is unlikely, but not impossible
There are approximately 134 billion Dogecoin tokens in circulation right now. At the current price per token of $0.08, their combined value stands at $11 billion. That means if the price were to soar to $1, the total value of all Dogecoin tokens would simply be $134 billion.
DOGE is a good investment in 2022, this token could be considered by most of the crypto investors. However, DOGE has a high possibility of surpassing its current ATH at about $0.7376 by 2022.
Every year, cryptocurrency experts prepare forecasts for the price of Dogecoin. It is estimated that DOGE will be traded between $0.98 and $1.18 in 2028. Its average cost is expected at around $1.01 during the year.
Will Dogecoin Increase In Value? Yes, it is very likely that Dogecoin will increase in value. However, the upside is limited due to the large supply of tokens in the billions.
Based on experts' Dogecoin price prediction, DOGE, the meme coin, could hit $0.30 in 2022 and possibly reach $0.50 by the end of 2023, and $0.77 by 2025.
Because there isn't nearly enough money in the world, it would be nearly impossible for Dogecoin to reach $100. Every $1 increase in the Dogecoin price would necessitate an additional $180 billion in 2030. To reach $100 by 2030, Dogecoin would need to have $18 trillion invested in it.
According to research shared with Benzinga by Finder, Dogecoin is expected to reach $0.163 by the end of this year. Joseph Raczynski of Thomson Reuters expects Dogecoin to benefit from its first-mover advantage and hit 50 cents by the end of this year and reach $1 before the end of 2025.
Yes, it's possible for Dogecoin to hit $5 especially if the crypto market as a whole goes up, but I think it's unlikely until Bitcoin goes up in price (especially since the crypto market seems to be correlated to Bitcoin price) as the price per coin would have to be about (5/0.1372) or 36.44 times it's current price ( ...
It's official, yet again: Elon Musk supports Dogecoin. Musk, the chief executive officer of Tesla Inc. and SpaceX, reiterated his support of Dogecoin, a cryptocurrency created as a joke in 2013, on Tuesday. He noted that Tesla accepts Dogecoin as payment for merchandise and reiterated that SpaceX will do the same soon.
Topics. As all the leading cryptocurrencies get hammered, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years. Amid the 'crypto winter', Dogecoin digital currency has tumbled from its high of nearly $0.74 to just over $0.05 in recent days.
But this time, he didn't even mention the cryptocurrency. It was revealed on Monday that Musk took a 9.2% stake in Twitter, a stock purchase worth just under $3 billion. Dogecoin, the cryptocurrency that Musk owns and frequently supports, immediately spiked 10% on the news.
Based on most price forecasts, Dogecoin will be worth between $0.50 and $1 in the next 10 years. For instance, according to Coin Price Forecast, DOGE will trade at $0.49 by the end of 2030 and $0.47 by December 2031.
Doge really isn't the next Bitcoin
If anything, Dogecoin could challenge Litecoin or Ripple as an efficient money-transfer platform, but even that ambition seems to fall short when you consider Dogecoin's incoming inflation and its lighter focus on data security.
Dogecoin Price Prediction 2026
The future price increase of DOGE/USD is predicted to be around $0.35 around 2026, according to our long-term Dogecoin price prediction. The maximum price estimated for the next 5 years is $0.78.
Since 10,000 Dogecoins are mined every time a block is added, and there is about one block added to the Dogecoin blockchain every minute or so, about 14.4 million Dogecoins are mined per day. How many Dogecoins are left? Theoretically, there is an infinite number of Dogecoins left to come into circulation.
If you bought dogecoin at the beginning of the year you've enjoyed massive gains over the past four months. A $1,000 dogecoin purchase on Jan. 1, 2021 — at a price of less than a cent per coin — would be worth $121,052 at Wednesday's high of 69 cents, a gain of more than 12,000% according to CNBC calculations.
What will the price of Dogecoin be by the end of 2030 ? The crypto bulls predict that the prices of Dogecoin could go up to $25.28 by the end of 2030. It could also go as high as $33.84 in 2028.
Can Dogecoin Reach $1000. If the answer to the question “can Dogecoin reach $100” is no, then there's no way that Dogecoin could ever reach $1,000. It would take so much money for this to become reality that there's really no scenario where it could happen.
WalletInvestor offers a bullish DOGE prediction for the long run. Dogecoin is thought to reach $0.380 by the end of 2025 and $0.55 in five years' time. Meanwhile, PricePrediction.net suggests it will surpass the $1 mark in 2028 and reach a maximum price of $1.18 that year.
It has a market cap rank of 10 with a circulating supply of 132,670,764,300. Dogecoin is traded on exchanges. Dogecoin had an all-time high of $0.688727 about 1 year ago. Over the last day, Dogecoin has had 0% transparent volume and has been trading on 3,265 active markets with its highest volume trading pairs being .
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End of 2024 – Finally, it'll still be a tall order to reach May 2021's all-time highs, although consistent marketing and more utility could help DOGE achieve this feat. With that in mind, we forecast the Dogecoin could return to the $0.7300 level by the end of 2024 – a 500% increase from today's price.
Ethereum tops the list of the next cryptocurrencies to explode in 2022 because of the sustainability of its blockchain technology and promising outlook. Today, Ethereum is the largest smart contract platform.