After all, the coin was worth only $0.005 on January 1, 2021, and $0.1715 by December 31. The material provided on this website is for information purposes only and should not be understood as an investment advice. and more about 'why not?'". Dogecoin's bull run through the crypto markets is showing no signs of slowing down, with the memecoin breaking new records this week. Why? Aside from positive cryptocurrency industry sentiment, several other factors have accelerated Dogecoin's recent gains. In early February, enticed by a friend who is an avid Redditor, I put $50.00 into the coin on Robinhood when it was at about $0.03 and was able to double my money by selling a week later at $0.07. CaptainAltcoin.com 2022 - All Rights Reserved No, our prediction model sees no possibility for Dogecoin to reach $10 in the short or mid-term period. The DOGE price soared from $0.004681 at the start of 2021 to its all-time high of $0.7376 on 8 May 2021, a gain of more than 15,650%. We also believe that Dogecoin's market cap would ever reach $1 trillion. As we've seen, this can push the token to new heights, but it can also quickly reverse whenspeculators lose interest. 24 MAR, 11AM UTC. At that time,there were 132.67 billion DOGE in circulation, representing the total supply. One thing should be said here, that over the past few months, these incredible price increases have indeed provided opportunities to make money in the short term. If it's worth 127 billion, adding $5 billion will increase the value so of 127 billion is (For example) making doge worth $200 then raising the cap increases the value due to the amount of Fiat that goes into it. Now trading under $1, will dogecoin reach $10 someday? This was written in November 2020 and you predicted .04 by 2025. Ethereum co-founder Vitalik Buterin confirmed that Dogecoin would be moving from proof-of-work to proof-of-stake some months ago. Could Dogecoin Help You Become a Millionaire? Last week, in a significant move for the industry, crypto trading platform and exchange Coinbase fetched an $85 billion valuation in its stock market debut. Let's examine why. Launched in 2013, there are now 100 billion Dogecoin in. ErgMaN_2point0 2 yr. ago. All of this summed up prevents Dogecoin to succeed and rise in price for the long-term. Eventually, the joke will stop being funny and the project will get delisted and effectively killed by the exchanges. Last week, he bought over $5,300 worth of dogecoin when it was . With bearish sentiment taking hold of crypto markets, DOGE traded down to $0.04972 on 18 June, its lowest level since early 2021. The meme coin has soared in value thanks to its popularity on social media. The community has launched several campaigns to drive up the price. *Average returns of all recommendations since inception. But that might not happen very soon, especially not if the crypto winter persists. Elon musk continue to express his love for meme based Crypto i.e., Doge and investor keeps investing in. $10 per Dogecoin is also likely within this decade. Now, with dogecoin trading around 17 cents, he continues to buy the dip. Should I Sell or Buy Bitcoin Before Halving? It's exceedingly hard to create a corner and bid something up unless you control a significant part of the supply, which was the case in the GameStop fiasco.". Despite the post-FTX bakruptcyfall, though, DOGE was still worth more than it wastwo months earlier. The majority of retail investor accounts lose money when trading CFDs. Dogecoin was created solely as a joke between two developers who never met in person. . The coin rebounded to $0.1716 on 7 February, but was unable to hold at that level. No, Dogecoin will not reach $1 by the end of 2021: 31.7%. A dollar invested in Dogecoin on Jan. 1 would be worth $203 today much more than a comparable investment in Bitcoin, Ethereum or any stock in the S&P 500. 423. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. Bitcoin's current price is $60,000/coin, whereas Dogecoin is trading at $0.60/token. People may receive compensation for some links to products and services on this website. However, Dogecoin still has the potential to reach 1 dollar. Of course, this was in part due to the help of Elon Musk. Experts pinpoint future for digital coin, Dogecoin was created in 2013 as an online joke based on a Shiba Inu meme, Dogecoin has been trading for fractions of a penny for eight years, Dogecoin warning: Musk just flexing power muscles, being thrust into the spotlight earlier this year, Bitcoin warning: Musks Dogecoin control will not be tolerated, Elon Musk's Bitcoin investment ripped to pieces, Where can I trade dogecoin? As a cryptocurrency that has utility, strong branding, and is cheap enough for regular folks to afford a single unit of, Dogecoin may prove to be a force to be reckoned with. Its price performance at the time also helped other meme coins, especially Shiba Inu (SHIB). 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. Dogecoinskyrocketed almost 12,000% from the start of 2021 up until the beginning of May, when it hit an all-time high of $0.74. It is not an offer to buy or sell any security, product, service or investment. Dogecoin isn't capped at a certain amount of coins like Bitcoin's famous 21 million supply. Network: Buy Bitcoins Instantly Using Debit/Credit Card, Buy Bitcoin Anonymously (without Verification or ID), DOGE Price Prediction For The Next 90 Days, Ethereum Price Prediction | ETH Price Forecast, Ethereum Classic Price Prediction | ETC Price Forecast, Holo Price Prediction | HOT Price Forecast, OmiseGo Price Prediction | OMG Price Forecast, Golem Price Prediction | GLM Price Forecast, Bitcoin Cash Price Prediction | BCH Price Forecast, Litecoin Price Prediction | LTC Price Forecast, Tron Price Prediction | TRX Price Forecast, Verge Price Prediction | XVG Price Forecast, Eos Price Prediction | EOS Price Forecast, Sia Coin (SC) Price Prediction 2023 | 2025 | 2030 Future Forecast For SIA Price. As the project took on a life of its own, building up a large community, Markus and Palmer left the project and there was no development on the protocol. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. SecuX V20 & W20 Review Is This Hardware Crypto Wallet Safe & Legit. Wallet Investorhad a rather gloomy DOGE price prediction, suggesting that it could drop to$0.00699by 21February 2024. Bitcoin is approaching a $1-trillion market cap, is increasingly becoming a tool todiversify institutional portfolios, andhas a growing set of infrastructure andfinancial products supporting it. @TheBinanceNFT. Before 2021, the token existed on the fringes of the crypto space, with only the hard-core community members paying attention to it. Remember that past performance is no guarantee of future returns. This includes sponsoring the Jamaican Bobsled team to the Olympics, building new wells in Kenya, and sponsoring a car at NASCAR. Lets now cast our eyes over some of the DOGE price history. Will DOGE be among those 5%? DigitalCoinPrice made a dogecoin crypto price prediction that gave an average of $0.17 in 2023, $0.21 in 2024 and $0.30 in 2025, based on historical data. Although Dogecoin is currently at a low point, many cryptos and investments are in the same boat, and it is likely that they will bounce back once things normalize again. Tesla has invested $1.5 billion in bitcoin. If You Invested $10,000 in Dogecoin in 2020, This Is How Much You Would Have Today, Beyond Dogecoin and Shiba Inu -- These 3 Cryptos Are Better Buys, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? In spite of the celebrity endorsements, Dogecoin is not the only meme coin circulating these days. The Motley Fool owns and recommends Bitcoin. When asked if he could ever see Dogecoin, or DOGE, hit $1, Markus explained: "It's an open market, so the current value is simply decided by whatever someone is willing to pay for it at a specific point in time. Do you have a set of predictions for Doge? Dogecoin will then rise to $0.57 in 2028, and $1.45 in 2030. The Dogecoin supply is unlimited, and currently, around 130 billion DOGE tokens are in circulation. But while it lacks the dominance of Bitcoinwhich is priced at more than $60,000 per coinexperts say it is still a legitimate form of currency. Markus and Palmer based the Dogecoin blockchain protocol on the open-source coding of the now-defunct luckycoin cryptocurrency. Now, there are also voices of more measured experts who indicate that over the decade, the. However, it is still one of the largest cryptos out there, and Elon Musks takeover of Twitter hadpeople talking about #dogecointothemoon once again before a market crash saw it fall. No. ; Aragons; Azrbaycanca; ; Bn-lm-g; ; ; Catal; etina; Dansk; Deutsch; For each dollar increase in Dogecoin price, the market cap would need to rise $180 billion. Vitalik Buterin, co-founder of Ethereum said: There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well. We thank all of you and can only say that if we sell another 6,556,000,000 #DOGECOIN worth of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!. Dogecoin which was worth as low as $0.0023 back in summer 2020 jumped to $0.10 in value on Thursday. 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. READ MORE:Bitcoin warning: Musks Dogecoin control will not be tolerated. Twitter and. The market has yet to decide whether it will continue its downtrend or start an uptrend this year. Im not the only one, right?". Dogecoin price prediction is expected to stay strong and head towards its first $1 mark towards the end of 2021. Dogecoin reaching $1 is a distinct possibility. When considering a DOGE coin price prediction, its important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or tokens price will be in a few hours, and even harder to give long-term estimates. 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. Before we delve deep into the Dogecoin price prediction and answer questions if DOGE is a good investment or not, why will DOGE succeed or fail or why will Dogecoin price rise or drop, lets quickly throw a glance at what is DOGE and its to date history. A Dogecoin dollar meme. And how much will it be worth? Fans of the altcoin are trying to get Amazon to to accept it. 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. How high will dogecoin go? #DogecoinToTheMoon", Another person said: "I feel like an addict checking #dogecoin price every 30 seconds. When cryptocurrencies were just entering popular consciousness, Billy Markus and Jackson Palmer decided to make a parody of Bitcoin (BTC), a token that would show that cryptocurrencies dont have to be taken so seriously. It has fallen precipitously since, as the Reddit-fueled meme-stock craze cooled down. This is due to many reasons that we havediscussed in a previous article. DOGE is the original meme coin, which suggests that it can, potentially, be even more volatile than other cryptos. Sending DOGE's price to $10 may be the next target for the fans if it hits the initial milestone. Dogecoin (DOGE) Price $0.089 Market Cap $12.29 B Continue Reading From The Original Source The spike followed Coinbase IPO that generally boosted cryptocurrencies across the board. Luckycoin was a hard fork, or spin-off, from the litecoin (LTC) cryptocurrency, which in turn was a hard fork from bitcoin. 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 morning to around $0.29 Friday morning. 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. Dogecoin's 10,000 Rule Currently, miners earn 10,000 DOGE per block, which happens about once per minute.