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Bitcoin's current price is $60,000/coin, whereas Dogecoin is trading at $0.60/token. Maybe. Our forecasting model sees Dogecoin price crashing and dropping to near 0 in a distanced future. (More on that a bit later). This was due to support from influential people such as Elon Musk and Mark Cuban. Ultimately, though, this is a question that you will have to answer for yourself. After being thrust into the spotlight earlier this year by South African billionaire Elon Musk, Dogecoin has gone from strength to strength. Apple finished 2022 with 164,000 full-time employees worldwide. Dogecoin continued its trade at $0.002 during the start of January. The joke didn't last long for its creators: Markus and Palmer both ended their involvement with Dogecoin in 2015. Aside from positive cryptocurrency industry sentiment, several other factors have accelerated Dogecoin's recent gains. Mastercard and Visa are trying to streamline crypto payments on their networks. 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. Potts said it was "unlikely" dogecoin would ever be a stable token but added it could become a "niche currency" for certain purposes, such as monetizing "likes" on social media. Few days Elon musk changes his twitter bio and add hashtag Bitcoin and 8th February 2021 sources confirm that $1.5 billion worth bitcoin invested by Tesla. Unlikely, but who knows. Will Dogecoin hit 50 dollars? No, our prediction model sees no possibility for Dogecoin to reach $10 in the short or mid-term period. However, a major one is a seemingly ever-increasing positive cryptocurrency industry sentiment and, in turn, increasing prices of the coins themselves. we know Dogecoin worth depending on meme and Elon musk exactly doing same with creating memes. The material provided on this website is for information purposes only and should not be understood as an investment advice. In spite of all this, the one thing that 2022 has already proven is that nothing is certain in the world of cryptos, let alone the world in general. In February, after Musk tweeted Doge and Dogecoin is the peoples crypto, we saw a 50 percent surge in price. In spite of this, his Dogecoin is worth about $20,000, and when he sells, he keeps $19,900. Now, there are also voices of more measured experts who indicate that over the decade, the. Une augmentation de 20% dans les prochaines semaines parat trs probable. 763,393 views Jan 29, 2021 Can Dogecoin reach $10? All of this summed up prevents Dogecoin to succeed and rise in price for the long-term. Although it has since decreased in value, as of Thursday, April 22, the coin is the seventh-largest cryptocurrency by market cap, at roughly $36 billion. To reach $100 by 2030, Dogecoin would need to have $18 trillion invested in it. Box N-4865, Nassau, Bahamas. 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. and more about 'why not?'". While the Doge Army could successfully campaign to boost its price, any increase may be short-lived. Everything you need to know[EXPLAINED]Elon Musk 'wrong' to think DOGE is the 'currency of the internet'[INSIGHT]. Speculators are still majority in the crypto markets and they dont care what they buy as long as they think it will bring them money. Elon musk continue to express his love for meme based Crypto i.e., Doge and investor keeps investing in. Next: Apple User Lost $650k In iCloud Crypto Scam. What has propelled blue-chip cryptocurrency bitcoin lately is uptake by big investors. Dogecoin (DOGE) fell in value, along with other cryptocurrencies, in 2022, losing nearly 60% of its value across the year. So it's clear Dogecoin is having a moment. Before you even consider buying Dogecoin, you should consider the risks of investing in cryptocurrencies. DOGE is the original meme coin, which suggests that it can, potentially, be even more volatile than other cryptos. One of the reasons Dogecoin and other cryptos have suffered in recent months is the instability of the market in general. Since its early days, the community has been vibrant and responsible for several amazing things. Im not the only one, right?". How high will dogecoin go? It is not an offer to buy or sell any security, product, service or investment. Dogecoin (DOGE) showed an amazing progress back in September when the coin was able to collect major gains due to the Dogethereum demo hype. Everything you need to know, Elon Musk 'wrong' to think DOGE is the 'currency of the internet', DOGE's gains this year are fuelled by hype and speculation, HMRC to demand cryptocurrency holding data from taxpayers. In this photo illustration of visual representations of digital cryptocurrencies, Dogecoin and Bitcoin, are displayed on January 29, 2021 in Katwijk, Netherlands. This is definitely not impossible but highly highly improbable to ever reach this value any time soon. So while the answer is probably, yes the coin will reach $1.00, will I be investing again? Well Dogecoin would then have a market cap of about $66.3 billion and that would put it at spot number four in terms of market cap. It would be nearly impossible for Dogecoin to reach $100, because there isn't quite enough money in the whole world. 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. Will it rise? Will Dogecoin Reach $1? The altcoin also got a boost from more. To date, more than 110 billion DOGE tokens have been mined and stand at a market cap of 49.31billion ($68.39billion). Putting aside this aforementioned focus on the cryptocurrency and its hype value, lets look at Dogecoin through a more traditional lens. Dogecoin reaching $1 is a distinct possibility. As we've seen, this can push the token to new heights, but it can also quickly reverse whenspeculators lose interest. Not bad for a meme or a joke. No. Most Dogecoin predictions are bearish. The foundation is led by members of the original development team as well as advisers, core developer Max Keller, Ethereum (ETH) co-founder Vitalik Buterin, and Jared Birchall, representing Elon Musk. A summer rally brought the price up to $0.351 on 16 August but it fell again to $0.1945 on 26 September. As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The spike followed Coinbase IPO that generally boosted cryptocurrencies across the board. Despite this, enthusiasm is high amongst some in the crypto community who continue to hodl (a deliberate misspelling of hold that refers to buy-and-hold strategies in the context of cryptocurrencies) the joke coin and perhaps theres good reason. We could then see the Dogecoin price reach $0.6 by the end of 2023. It would seem night impossible for the token to hit such a price but stranger things have happened this year. 24 MAR, 11AM UTC. So it arguably isnt in the same league as Bitcoin, and is, in turn (according to some) not a wise long-term investment. Meanwhile, investment banks Goldman and Morgan Stanley plan to offer bitcoin exposure to their wealth management clients. But DOGE quickly dropped back to trade at around $0.06 again. However, Dogecoin still has the potential to reach 1 dollar. 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. Will Shiba Inu Coin Reach 50 Cents? 2020. The biggest threat to Dogecoin is one of their biggest advantages: their use case. 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. It is important to remember that price forecasts, especially for something as potentially volatile as cryptocurrency, very often turn out to be wrong. 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. While it is generally agreed that Dogecoin can reach $1, the bone of contention is when this would happen. But most importantly, the total supply of Dogecoin makes it possible for the token to reach $1 faster than Shiba Inu or any meme coin, for that matter. 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. The community has launched several campaigns to drive up the price. Dogecoin boom is a retail phenomenon driven by Powell giving money to everybody, Novogratz says Diversity in Hollywood is 'better in some ways but worse in others,' actor Alfonso Ribeiro says After all, the coin was worth only $0.005 on January 1, 2021, and $0.1715 by December 31. Making the world smarter, happier, and richer. Presently, Dogecoin is trading above its 200-day simple moving average, and its performance in the last three years is over 3,000%. As aresult,demandwouldneedto outpace a rapidly growing supply base. AlthoughDogecoin(DOGE 0.42%) wascreated as a joke in 2013, with the intention to be a fun competitor to the top cryptocurrency,Bitcoin(BTC -0.03%), little did the developers know that thismemecoinwould absolutely surge in popularity. 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. How high can Dogecoin price go? The big break for Dogecoin came in 2021 when its price increased by roughly 3,000% over the course of the year. The Motley Fool has a disclosure policy. Despite the post-FTX bakruptcyfall, though, DOGE was still worth more than it wastwo months earlier. Once stability does return, it is possible that cryptocurrencies, including Dogecoin, begin to increase in value again, and possibly to an even higher levelthan what wasseen last year. Dogecoin still battling for 10th position with stellar, Uniswap and Chainlink, as of writing it currently holding 8th position with 1.07 Billion totals worth. 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. Even high-market-cap cryptocurrencies have proved vulnerable to the current bear markets. Favorable mentions by celebrities such as Elon Musk, Snoop Dogg, and Gene Simmons have also boosted DOGE. Dogecoin Price Prediction 2025 and 2030 The long term forecast for DOGE shows that the price will reach long term price stability with a profitable investment opportunity. These predictions seem so nonsensical at this point. This was written in November 2020 and you predicted .04 by 2025. A Dogecoin dollar meme. Im ALL in at .051 YIKES!!!! 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. Since its creation in December 2013, it has risen 42,000% in eight years, so. The @dallasmavs have done more than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE WORLD ! Apple User Lost $650k In iCloud Crypto Scam, How Long Are Instagram Story Videos? The cryptocurrency Dogecoin was created in 2013, but it wasnt until early 2021 around the time of the now-infamous Reddit-fueled GameStop and AMC short squeeze sagas that the coin started to attract more mainstream attention. It has a circulating supply of 132,670,764,300 DOGE coins and the max . 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. No, our prediction model sees no possibility for Dogecoin to reach $1 in the short or mid-term period. Update: January 26, 2022 - Dogecoin (DOGE) is the father of all meme coins and it remains the preferred one for many people. This is thanks to its ever-growing community. In fact, Markus recently wrote on Reddit that he sold his coins for (only) about enough to buy a used Honda Civic. At that time, CNBC highlighted how a $1,000 investment at the start of 2021 would have resulted in a 12,000% return. But, overall, usage is currently quite limited. In order for Dogecoin to reach this level, a massive . Our algo still sees a some green in 2023, especially in the second part of the year. Popular brands followed suit and jumped on the #DogeDay420 bandwagon with Dogecoin-related tweets. Its all-time high is $0.738, reached in May last year. Given that it has not reached $1 in almost ten years, many might question how long it would take. DOGE dropped to $0.1107 on 13 March before making another attempt at the $0.17 level on 5 April. But Dogecoin communities is always a nice place for a good laugh it is a meme kingdom of cryptocurrency world. 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. Dogecoin prices have broken through the $0.50 level but will they go higher? What is it about the altcoin? Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up. A Psychology graduate from England who now lives in the US, John previously worked in the aviation industry as an airline reviewer. You were way off on that one. While Im not offering financial advice here, all things considered, the short answer is probably, yes. Positive, growing sentiment surrounding the cryptocurrency industry as a whole (in just the past few weeks, DOGE, BTC, and ETH all hit all-time highs), a community of passionate Dogecoin supporters, and plugs from tastemakers like Elon Musk all could drive the price up higher. And it won't stop there. With a steady improvement, the price managed to reach $0.003 by mid of February and further declined to $0.0015 by mid-March. Now, with dogecoin trading around 17 cents, he continues to buy the dip. 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. Other adopters include Latvian airline airBaltic, electronics retailer Newegg, and luxury resort group the Kessler Collection. Mr Fiery tweeted on Monday: "To the MOON! founded Dogecoin with fellow software engineer Jackson Palmer, Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. We do not see a bright future for Dogecoin. Dogecoin does have some additional hurdles that it may need to overcome to reach $1. The DOGE price was only 0.070 US dollars at the turn of the year 2022 / 2023. Additionally, having Dogecoin's merits heavily influenced bywhat Elon Musk tweetsat any given moment doesn't really make for a good investment case. Crypto is still perceived as a very risky play and hence the sell off. The Dogecoin supply is unlimited, and currently, around 130 billion DOGE tokens are in circulation. Dogecoin is slowly dropping below the market cap positions it was in 2017, with no particular interest and real world use cases in sight, aside of sporadic utility in charity tipping. 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. As we know Elon Musk is following Bitcoin and he loves the technology of Blockchain and wanted to start crypto as payment. 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. We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. The meme coin has soared in value thanks to its popularity on social media. To make the world smarter, happier, and richer. At its recent peak, DOGE boasted returns of more than 8,000 percent for 2021. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy. Square, and MicroStrategy have also made huge investments in the crypto. According to Cryptwerk, an online directory that provides information about where cryptocurrency is accepted, only 1,900 merchantsworldwide accept payment inDogecoin. $10 per Dogecoin is also likely within this decade. It's currently trading at 5 cents, and Bitcoin at one point in time was worth 5 cents as well and is now $37K.so. Can Dogecoin, valued at more than $19 billion and now the world's 12th-most valuable cryptocurrency (as of Jan. 10), eventually hit $1 per token? The meme-based cryptocurrency became valued at $69 billion, which made it . The current CoinMarketCap ranking is #9, with a live market cap of $10,057,542,208 USD. 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. To reach $100 by 2030, Dogecoin would need to have $18 trillion invested in it. Since then, however, and excluding the odd increase, the value of Dogecoin has only gone in the wrong direction. Capital Com is an execution-only service provider. ", Join half a million readers enjoying Newsweek's free newsletters. An Amazon endorsement would generate an even much bigger boost to the meme cryptocurrency. 2 Joe Cartel 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 5 billion are not alot of DogeCoins if they get brought out quickly so do more research on how currency works please. In other words, its not just Dogecoin, its the entire crypto market. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab. But this has not stopped the speculation among many investors that Dogecoin will moon. The rise continued in the following weeks, with the Dogecoin price rising above $0.097. The dogecoin community believes the altcoin is worth much more than the market currently values it. Its price performance at the time also helped other meme coins, especially Shiba Inu (SHIB). Since February 2021 on twitter, we have been seeing #doge #dogetothemoon this hashtag continues to making in the list of trending. 2023 Capital Com Online Investments Ltd, losed Joint Stock Company FinTech Solutions. The only coin to hit that market cap is BTC, obviously. If Dogecoin were to reach this market cap - the price can be calculated through dividing the market cap (2 trillion) by the supply (128 billion). Une pice de mme n'est jamais facile prvoir. Since 2021, crypto market continues to have bull run, as Bitcoin breaks $20k resistance level and heading to reach $100k USD. This is especially important because DOGE has little utility presently, and more utility will likely increase its chance of growing up to $1. Even during the height of meme-stock mania at the beginning of 2021, it still was a long way off. A look at the 4-hour chart of Dogecoin (DOGE) reveals that the price formed a bearish chart . Therefore, we believe Shiba Inu's 50 Cents is an impractical . ; Aragons; Azrbaycanca; ; Bn-lm-g; ; ; Catal; etina; Dansk; Deutsch; as following that and our prediction we could see Doge crossing $1 USD probably after mid 2021 or in the beginning of 2022. In 2021, there's estimated to be a supply of 127 billion Dogecoins. DON'T MISSElon Musk's Bitcoin investment ripped to pieces[REPORT]Where can I trade dogecoin? It also helped increase awareness of the altcoin, which has risen from unknown to become one of the top cryptocurrencies by market value. As we've seen, this can push the token to new heights, but it can also quickly reverse whenspeculators lose interest. Apple's revenue in the fiscal year 2022 totaled $394.3 billion globally. After all, the coin was worth only $0.005 on January 1, 2021, and $0.1715 by December 31. At the end of December 2019, Dogecoin was trading at $0.0020. 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%. This aged like milk. Since there's no supply limit, the only way for Dogecoin to reach $1, or go beyond, is when there's a considerable difference in the amount of money being injected and the coins being mined. In fact, it is impossible to predict the price of an asset 40 years from now. CRYPTO-SAVVY is an occasional series from Inverse that explains the world of cryptocurrency and where its going next. Dogecoin could hybernate its way into the future as a sentimental value that early adopters keep cherishing and using for meme and joke purposes. I also break down how its possible fo. First, the coin does not (as of now) have many real-world applications. Dogecoin's bull run through the crypto markets is showing no signs of slowing down, with the memecoin breaking new records this week. Long Forecast predicts that the altcoin will close 2021 at $0.58, top $0.82 in 2022, and reach $1.31 in 2025. The spike followed Coinbase IPO that generally boosted cryptocurrencies across the board. The chances of DOGE hitting $1 in 2023 seem high according to Coincodexs DOGE prediction, the meme coin could be worth as much as $1.21 in May 2023. Even though Dogecoin remains a popular coin in general, it is likely that the increased level of competition could complicate matters for Doge, potentially slowing down its growth and value. It has also inspired thousands of other meme coins. Dogecoin which was worth as low as $0.0023 back in summer 2020 jumped to $0.10 in value on Thursday. From its current price of just under $0.15, Dogecoin would need to rise more than sixfold to reach the $1 mark. 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. The altcoin has caught the attention of many investors after its market value recently soared past $50 billion, making it bigger than automaker Ford Motor and almost equal to Jack Dorsey-led Twitter (TWTR). BingX Review Is BingX.com Copy Trading Any Good? But the current market conditions are causing many to reconsider their stance. Dogecoin is on a mission to get to $1, but the times have changed since that mission statement was first issued, and it now remains to be seen if it will ever reach that goal. Let's explain. CaptainAltcoin.com does not offer any sort of financial or investment advice. Dogecoin price prediction is expected to stay strong and head towards its first $1 mark towards the end of 2021. Check out what's holding Dogecoin back of late and whether Dogecoin has a path to . This shows the impact that a Twitter integration could have on DOGE price. 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. But there are some: one advocate and enthusiast is entrepreneur and investor Mark Cuban, who announced in March that his team, the Dallas Mavericks, would begin to accept the coin as a form of payment. But some believe there is an even greater potential for gains.