Its future growth is now becoming so tied to Twitter that it might fade into obscurity if Elon Musk ever decides to abandon it. With the 4-step protection, it's less of a concern for DOGE users. The current market cap of Dogecoin while writing this article is 9,000,000,000 (9 billion) if Dogecoin was to reach $1 it would have a market cap of 128 billion dollars. However, even under these unfortunate conditions, market sentiment-sensitive Dogecoin price showed a short period of rapid growth. That would put it in third place after Bitcoin and Ethereum in terms of market value. : According to CoinMarketCap, Dogecoin first started trading at $0.0002. window.__mirage2 = {petok:"EFqAQZAmXKhGh3Dzdh7XvE2JbNqtWQmC1oyKNSKPMaQ-1800-0"}; *Average returns of all recommendations since inception. But just how realistic is that scenario? Given that it has not reached $1 in almost ten years, many might question how long it would take. It seems that the average price of Dogecoin might reach $0.109989 in the end of the year. Like many crypto assets with super low prices, Dogecoin can be extremely volatile. It just cant happen otherwise unless they create a funnier and cuter meme-coin. Dogecoin is a famous meme coin that was designed into an early crypto era, in 2013 year. One of the most volatile cryptocurrencies, which is good because there are more opportunities to buy cheap and sell high. As Dogecoin has returned more than 5,000 percent this year, a run-up to $10 might not seem like much to some. Though Tesla also holds a significant amount of Bitcoin, Dogecoin is the only cryptocurrency Tesla accepts. When Will Dogecoin Reach $10? Ethereum co-founder Vitalik Buterin has already championed Dogecoin's move to proof of stake, and has even said that he would help in the transition process. Dogecoin has been praised online over and over again, particularly by Elon Musk who is seen as an authority on DOGE (its his favorite cryptocurrency), and with approximately 63 million followers on Twitter, he has become one of the loudest proponents of Dogecoin. The much wow innovative crypto-currency. Disclaimer: Please note that the contents of this article are not financial or investing advice. With Dogecoins popularity continuing to grow, it seems incredibly likely that the price will go up. Players like Ethereum, for instance, offer a blockchain loaded with decentralized applications -- and the potential to reinvent the way business is done in many industries. If Dogecoin were to reach $5 in the foreseeable future, a number of things will happen: But first, for Dogecoin to actually reach $5, it must first break the $1 hurdle. Cost basis and return based on previous market day close. If this happens, we could be looking at a $135 billion valuation which means a lot of profits for current investors. Cryptoasset investing is highly volatitle and unregulated in some EU countries. Dogecoin can reach $20 in the future but we can't predict how soon. But this cryptocurrency faces two challenges on the path to reaching $1. It might, however, drop to $0.09999. Crypto analysts expect that at the end of summer 2023, the DOGE price will be around $0.09999. It will reach $1 only in case the whole market will boost. If Dogecoin is very unlikely to reach 1000, then $10,000 is a pipe dream. If you look into Reddit, Facebook, Twitter, and other social networks, you will see that Doge has the second-largest followings after Bitcoin. Many politicians viewed cryptocurrency as a way to conduct illicit transactions, escape taxation, or just a huge scam. *Average returns of all recommendations since inception. In short, the more people that use Dogecoin, the more value it will have. I love the smell of confirmation bias in the morning. Thats why an army of Dogecoin hodlers are confident: growth is imminent all that remains is to wait for a new hype-y announcement from a celebrity or a major company. Now the DOGE predictions are a center of interest for many investors. Doge might not be the best investment option, but I think its worth having some of it in your portfolio. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Dont invest any money you need to live on a small amount of money should be sufficient for exceptional long-term gains. The average expected trading cost is $0.239976. There is even a free app for your mobile phone for Android or Apple devices. Like all other secure wallets, you get a private key and a public key. For some investors, this could imply that DOGE is lacking behind emerging coins, though for others smart contracts are unnecessary. A bull market can take Dogecoin to $0.3. The reason for this surge is a report by The Financial Times, which revealed that Elon Musk is considering integrating a brand new payment system into Twitter. For DOGE to hit $10, it would need to rise nearly 3,800 percent. Still, there is a good chance of the price stagnating or even dropping, so it pays to keep your hopes in check. By 2060, it would be 1.6%, making it deflationary relative to dollars. This is definitely not impossible but highly highly improbable to ever reach this value any time soon. According to the technical analysis of Dogecoin prices expected in 2023, the minimum cost of Dogecoin will be $0.109989. As it embarks on another price uptrend that could potentially take it to $1 by the end of the year, the meme coin is expected to be highly valuable for its investors. However, its rate might drop to around $1.40. U.S. dollar) transactions, and that crypto payments would be added later. The year 2030 will be determined by the maximum DOGE price of $1.72. However, here is the aggregate rating for DOGE from several traders & analysts on TradingView. The estimated average trading value will be at the level of $0.109989. Each time Dogecoin has gone through a major increase, it is followed by a price correction and then a period of stability where prices are higher than they were at the start of the run. To make the world smarter, happier, and richer. According to Ali Martinez, $0.086 has been a pertinent resistance zone with 92K addresses holding 13 billion DOGE. This situation might be OK if Dogecoin has only limited aspirations for its blockchain, but if it ever wants to be a major blockchain player, it must transition to proof of stake. Learn More. Market cap = price x supply. Dogecoin has already surprised us with some huge growths. Several Finder panelists, including Bitwave CEO Patrick White, believe that Elon Musk is the only reason for DOGEs popularity. Yes, you can use it to pay for items on a growing number of sites online. Created in 2013 as a fun alternative to Bitcoin and other digital currency projects, Dogecoin has been gaining traction and popularity with many companies across the globe who are willing to accept it as payment for goods and services. But apart from that, Dogecoin has never really been able to participate in the growth drivers of the modern blockchain economy, such as decentralized finance and non-fungible tokens. If you buy $1,000 worth of Dogecoin today your portfolio would grow to $13,500 by the time Dogecoin reaches $1 price. Here's a closer look at some of the ways that might happen. And of course, there aren't any guarantees that those things will happen. Until Dogecoin embraces a major growth catalyst, I cannot recommend Dogecoin. To do this, it needs to remain highly viral and a fun way to use cryptocurrency, which could be hard to do. Depending on your point of view, you could see this as either a positive or a negative. So they have a vested economic interest in preserving the current proof-of-work system. For instance, if the coin were to actually reach $1 by the end of 2022, people who invested $1,000 at the start of the year will be looking at a $10,000 turnover, according to Fast Company. Todays doge price is 0.00239.. Dogecoin will not reach $1,000 per coin in the next 20 years according to experts. This kind of media background is well mirrored on the coin, and a huge fan community of this crypto-asset throws the price up. To make the world smarter, happier, and richer. Dogecoin rise rally is continuing for 2-3 days. So, the expected average trading price is $1.44. A few others are positive that this might not happen until at least 2030. In the middle of the year 2023, the DOGE price will be traded at $0.0929907 on average. Press J to jump to the feed. We do not make any warranties about the completeness, reliability and accuracy of this information. According to the website, DOGE is a poor, high-risk 1-year investment option for those looking for virtual currencies with a high return. Here are some of the milestones DOGE/USD will hit before the end of the decade according to our forecasts. Bitcoin (the most successful cryptocurrency$ currently has a market cap of approximately 700,000,000 (700 billion dollars). You cant buy a Tesla with Dogecoin, but you can buy other products from Teslas online store with Dogecoin, such as clothing accessories and kids all-terrain vehicles. Though cryptocurrency in general is risky, there are players that offer a bit more stability -- and much greater visibility. Whereas the total marketcap of the entire crypto industry is $2.6T+ with Bitcoin's marketcap is $1T+, $1.3T is really a big total for Dogecoin. According to our long-term forecasts, Dogecoin will reach $0.12 by the end of 2023 and $0.21 by the end of 2025. It's important to remember Dogecoin is high risk. Dogecoin has also inspired many spin-off coins, the most popular being the highly volatile Shiba Inu (SHIB), which remains as Dogecoins biggest rival. The coin could then reach prices beyond its 2021 all-time high of $0.7376. Will Dogecoin hit 50 dollars? Dogecoin (DOGE 0.85%) has been one of the most talked about meme tokens of 2021. For instance, Digital Coin Price predicts that DOGE will not touch $5 until after 2029. Today, Dogecoin is trading at about $0.17. Securing an exceptional average of $0.275 for 2026 would mean hitting a high of $0.35 and declining no lower than $0.2. According to Unikrn, a Washington-based eSports bookmaker, Dogecoin has a 17% chance of reaching $5 by the end of this year. DOGE minimum and maximum prices might hit $0.109989 and $0.129987 accordingly. The DOGE price can reach a maximum price value of $1.03 with the average value of $0.89. This article may provide some information on the topic of investing, but it does not constitute investment advice. 2023 may see crypto regulation start to catch up with the market which could be either good or bad news for Dogecoin. Dogecoin already crossed its first hurdle it's which is $0.50 and made an all-time high of $0.695. The chief operating officer of CloudTech Group, Kevin He, is likewise on the sell-side and claims that DOGE has no future: The birth of Dogecoin was originally a joke. As a result, the price could move in any direction without warning. Heres the answer: $288.6. eToro is a great example of a popular and secure crypto exchange to. This means that at $1 the total supply of Dogecoin would be worth about 1/7th of Bitcoins total supply. The price then steadily rose in the first few weeks of the year. Question(s) Is getting Dogecoin to increase to the equivalent of one US dollar possible? It is really an absurd fact. An average price of $0.09 is calculated for 2023. On one hand, some developers agree that the shift to proof of stake is the right way to modernize Dogecoin. This entirely depends on your interpretation of what cryptocurrency should be. Yo its nice to see people actually using my posts lol. Stay ahead of the pack in the crypto market by tapping into the essential information that Changelly provides with its convenient newsletter service. < Possible Bitcoin Market Cap (500k/bitcoin). Crypto experts have analyzed Dogecoin prices in 2023, so they are ready to provide their estimated trading average for July 2023 $0.0959904. Therefore, on average, you can expect the DOGE price to be around $2.00 in 2031. Alternatively, if you deposit at least $20,000, you can take advantage of a bank wire with a deposit fee of just 0.5 percent. For context, around this period $1 billion worth of Bitcoin was seized from the black market platform Silk Road (primarily used to buy drugs online) and one of the earliest Bitcoin exchanges, Mt. It's a decent return on investment considering sky-high inflation and market turmoil as welcome to the end of 2022. So, we know that Musk's words can push Dogecoin higher. It is essential that you take the time to thoroughly evaluate all of your options and do your own research before making any investment decisions. DigitalCoinPrice is definitely bullish in this currency: based on historical data, the website forecasts DOGE cryptos price of $0.17 in 2023, $0.21 in 2024, and $0.31 in 2025. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. As it stands, all the countries' GDP combined is not enough for Doge coins to even reach highs of $100. During this time, the max short-term Dogecoin prediction is $0.12, and the min prediction is $0.06. I have purchased some. If youve ever wondered is Dogecoin a good investment? or . What Is Dogecoin (DOGE)? For instance, Coinpedia predicts that Dogecoin will likely reach $5 in the next five years. Dominic Basulto has positions in Bitcoin. Another of the wacky decisions made by the co-founders setting a supply cap at 100 billion coins was to make [dogecoin] unattractive as a cryptocurrency so that [it] [didnt] become serious. However, this supply limit was eventually abolished in order to encourage the use of the crypto currency and discourage hodling. youre wondering? Dogecoin is also better suited for microtransactions, because of how divisible it is and because of its speed. For September 2023, the forecasted average of Dogecoin is nearly $0.09999. In ten years (2032), Dogecoin will likely continue to increase and may hit levels close to $2 per coin based on the current trajectory of DOGE price prediction. The maximum peak expected this month is $0.119988. In short, the more people that use Dogecoin, the more value it will have. Now, let's circle back to our original question: Can Dogecoin reach $1? DOGE PRICE GO UP!!! Dogecoin is better than Bitcoin in that it is faster and cheaper to use which makes it better for everyday transactions, however, Bitcoin is better in that it is less volatile and has institutional backing which could see it outlast Dogecoin. Yes, Dogecoin can reach 10 dollars, at least in theory. Essentially: How high is it possible Doge could go? Dogecoin is a cryptocurrency that was created by software engineers, Billy . White is a member of the sell camp. DOGECOIN traders have rallied once again this week, pushing the meme token past the 0.36 ($0.50) level - but what are the chances of DOGE reaching an even more astronomical 72 ($100) price? Dogecoin could exceed $1 in 2030 and hit a new all-time high of $1.45, according to our Dogecoin forecast. 2022 was difficult for most of the cryptocurrencies. It's accepted by a few big names such as the NBA basketball team the Dallas Mavericks. No consumer protection. DOGE is sometimes represented by the symbol and can be divided into one-millionth of a coin. Dogecoin was extremely useful in helping people change their perspective on cryptocurrency by showing a lighter side to the market. DOGE is provided with suitable environment to reach new heights in terms of price. As a result, forecasts made by experts and algorithm-based forecasters occasionally turn out to be inaccurate. By 2040, Dogecoin's inflation rate would have dropped to just 2.4%, or roughly the same as U.S. dollars today. So, while there is a generally positive outlook, you will still need to do some research and be sure that DOGE is good for your investment portfolio. But wait, not so fast. But wait, not so fast. People talk about Bitcoin reaching 500k within the next Decade. Lets take a look at Dogecoins current price today and Dogecoins market cap before we dive into our Dogecoin price predictions for 2023 to 2030. As one of the most well-known cryptocurrencies, Dogecoin is highly worth buying as an investment opportunity either in the short term or long term. Its the funniest joke in cryptocurrency and it has been ongoing for almost 10 years. Unlike bitcoin, Dogecoin is not limited to a certain amount of coins. Current supply of Dogecoin is 128,000,000,000 (128 billion). : A library of code that will make it easier for developers to build products compliant with Dogecoin. The DOGE average price is expected to reach minimum and maximum prices of $0.229977 and $0.279972 respectively. While the Doge Army could successfully campaign to boost its price, any increase may be short-lived. According to an article by Crypto Potato, more people are now familiar with Dogecoin than Ethereum. This will make it easier for you to make your own predictions based on current cryptocurrency trends and find an informed answer to the question should I invest in Dogecoin?. We expect a very different Dogecoin by 2025. If Doge reaches $5, the market cap would be a bit over half what Bitcoin is today. Born as an Internet meme, Dogecoin demonstrates how a simple joke may increase in value and reach an $88 billion market capitalization. Investors should aim for $1 to $10 per coin in the long term. HODL my brothers and sisters. Learn More. Could Dogecoin be a Millionaire-Maker Coin? Crypto asset investing is highly volatile and unregulated in some EU countries. Dogecoin is far from dead if anything, Dogecoin is very much alive. The ease of use for the Dogecoin wallet is attractive to new Dogecoin users. Its always vital to remember that in terms of doge price, 1 doge=1 doge! Well be exploring some of the lastest DOGE price predictions to see how much the meme crypto might be worth between 2023 and 2025. Carol says few other coins are as valuable as DOGE at the moment. Every year, cryptocurrency experts prepare forecasts for the price of Dogecoin. In five-year plan perspective, the cryptocurrency could probably rise up to $0.489951. Dogecoin price will definitely increase in the future. As part of a broader crypto rally in 2023, popular meme coin Dogecoin (DOGE 0.85%) is up 27.86% over the past 30 days. Thanks, Elon, he said. Experts are divided but most Dogecoin price forecasts are positive. Moreover, cryptocurrencies tend to increase in value because of adoption. As you can see from the previous blocks, there is no consensus in the crypto sphere about the future of the original meme coin. However, its rate might drop to around $2.74. As more people buy Dogecoin, more services will start to offer DOGE as a payment method, increasing its utility in 2025. Another popular pronunciation is dog-e-coin. Here's to spreading good knowledge , adventurous_piglet85, written in february: WHAT IS THE MAXIMUM POSSIBLE PRICE OF DOGECOIN (ANSWER PROVIDED). What is Dogecoins highest price? Because of this, Dogecoin benefits from updates to Litecoins protocol. Read Also: Pros and Cons of Investing in Dogecoin. That will take Dogecoins market cap to about $750 billion. While it is generally agreed that Dogecoin can reach $1, the bone of contention is when this would happen. Its crucial to bear in mind that cryptocurrency markets are still incredibly volatile, making it challenging to foresee a coin or tokens price with any degree of accuracy over the short term and even harder over the long term. If you want to buy Dogecoin (DOGE) quickly and easily check out eToro Exchange! They thought it would be funny to combine cryptocurrency with Doge Shiba Inu memes that were highly popular. We all know! DOGE, in general, is characterized by sensitivity to market sentiment, as well as dependence on media announcements. Due to price fluctuations on the market, please always do your research before invest money in any project, network, asset, etc. The minimum trading cost might be $0.0839916, while the maximum might reach $0.0909909 during this month. The current price of Dogecoin sits at $0.085 USD, which is some ways away from its primary goal of hitting the $1 marker. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. While the asset is very volatile, its lows have consistently gotten higher since its inception, a trend that is expected to continue. 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, 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. Gov Capital also provided its forecast for this crypto-asset. The cryptocurrency market took Dogecoin seriously after its price skyrocketed at the end of 2017, making it one of the big players in the cryptocurrency world in a very short amount of time. . The news headlines are constantly full of reports like DOGE is gaining momentum!. With its growing popularity and increasing support, DOGE has a good chance of hitting this target, although it wont be as easy as most people think. (ATH) of around US $ 0.42 -Dollar." According to Finder, round 15% of the panel of specialists anticipate Dogecoin to reach the $ 1 mark.