Dogecoin is arguably the most famous meme-coin of all time. In fact, it is most probably the pioneer of cryptocurrencies in that avenue. Since its inception, DOGE cryptocurrency reached an all-time high of $0.73995—roughly 165x its ICO price. While some argue that Dogecoin is already old news at this point, many analysts still have a very optimistic Dogecoin price prediction. The Dogecoin price prediction for 2022 is a slow but strong rally to around $0.25 to $0.35. In the longer scheme of things, some analysts expect the price of Dogecoin to average at around $0.56 to $0.58 come 2025.
Need some more info? No need to scour the internet for the latest price predictions! We’ve compiled the latest experts’ opinions to help you gauge your investment decisions.
Dogecoin Price Prediction | Buy Dogecoin?
DigitalCoinPrice
DigitalCoinPrice is still very bullish on Dogecoin despite the recent sideways price movement.
2022: The market price of DOGE is expected to reach $0.20 by the end of the year.
2023: DOGE price is forecasted to hit $0.24 by December of 2023.
2024: DOGE price is forecasted to hit $0.27 by December of 2024.
2025: DOGE price is forecasted to hit $0.34 by December of 2023.
2030: By 2030, the average price of Dogecoin could be capable of hitting $0.64. DigitalCoinPrice thinks the DOGE’s minimum price for the whole period will be $0.63.
Wallet Investor
Wallet Investor said the long-term earnings potential for Dogecoin’s price is at +105.24% in just one year. Further, it does not expect a DOGE price drop in the near future. Wallet Investor’s in-house AI cryptocurrency analyst thinks Dogecoin is a good investment since it will post a positive trend in the future.
2022: Dogecoine’s price is expected to rise to $0.333 by the end of this year.
2023: The average Dogecoin price could touch $0.481 by 2023.
2024: The average Dogecoin price could touch $0.634 by 2024.
2025: Wallet Investor thinks that Dogecoin could reach a maximum price of $0.795 by 2025. This price prognosis is slightly more bullish than the consensus.
Mind Math Theory
Mind Math Theory’s latest video on DOGE contains his Dogecoin Price Prediction 2022, which is ultimately bullish. He expects a continuation of the recent pumps, which could push DOGE higher to around $0.163.
Dogecoin Price Prediction | Latest News and Updates
DOGE coins were all the rage in the past, especially during last year’s cryptocurrency supercycle. The crypto community has hyped Dogecoin up the prior years to the point of all-time high volatility and significant price rise. Having said that, it is not only technical analysis that can determine what is the direction Dogecoin cryptocurrency in the future. Other fundamental and market-moving updates could also make a significant impact on the real value of Dogecoin.
Project launches, for example, are consistently on the investors’ watch in order to determine whether Dogecoin is a good investment. Other users also focus on software enhancements, celebrity endorsements, and other operational updates to analyse the Dogecoin price. Enumerated below are some of the latest news and updates about the Doge cryptocurrency.
AMC Entertainment and Dogecoin
CEO Adam Aron of AMC Entertainment Holdings said that his movie theatre chain would be enabling online payments made in Dogecoin in March 2022. AMC already currently accepts Dogecoin for the sale of digital gift cards. The theatre chain said this move was to underscore its intentions in connecting better with its newfound retail and institutional investors—most of whom are very enthusiastic about the crypto market.
Large Dogecoin Updates
Dogecoin’s newest updates aim to lower transaction fees, increase blocksise or scale transactions, lower dust limits, and reduce the potential for transaction malleability–therefore allowing for payment channels that are similar to the ones that investors have through Bitcoin’s Lightning Network. These upgrades will happen through the integration of SegWit or Segregated Witness and CSV or CheckSequenceVerify.
Dogecoin’s Mainstream Adoption
Dogecoin Core v1.14.4 was out late last year in a bid to improve performance and lower the recommended fees. The transaction fees were lessen by 1000x for relay and 100x for mining.
Elon Musk: The Dogefather
Elon Musk recently tweeted that he is giving “serious thought” to building a new social media platform. He entertained the idea, suggested by a certain Twitter user, of buying Twitter itself and changing the logo from the now-famous bluebird to a Dogecoin.
Dogecoin Price History
Contrary to popular belief, Dogecoin is not a new coin that only recently made its debut. They launched Dogecoin cryptocurrency way back in 2013 at an ICO price of $0.0002. It stayed within this range until the popular internet meme Doge gained more hype. Its price popped in 2021 and spiked more than 3,000%! Afterwards, it cooled down and closed 2021 off at $0.1705.
Dogecoin Price Today
As of writing, Dogecoin’s current price is $0.1419. It has a total circulating supply of 132.67 billion DOGE coins. This translates to a market cap of $18.84 billion. Also, one of the few unique things about Dogecoin is that it does not have a maximum supply cap.
Dogecoin is the twelfth coin in ranking with the largest market cap among the crypto assets on CoinMarketCap list.
Dogecoin | What Is It For?
Given the crypto community’s large interest in Dogecoin, it has stepped up to be more than just a meme coin. It still has actual fundamental value!
Proof-Of-Work
You can mine Dogecoin through the proof-of-work concept wherein Dogecoin holders use computers in solving complex mathematical equations that process and record transactions on Dogecoin’s blockchain ecosystem. They reward miners with DOGE coins, which they can either hold or sell in each of their wallets.
Store Of Value
Some investors use Dogecoin as a store of value, but others think this isn’t as effective a method since the coin does not have a cap in its supply–making Dogecoin relatively inflationary by design.
Where Can I Buy Dogecoin?
Dogecoin can be bought on several big cryptocurrency platforms and exchanges. The top platforms where one can purchase DOGE include:
- Binance
- Coinbase
- Gemini Crypto
- Robinhood
- Upbit
- eToro
- OKEx
So far, it looks like eToro is the best platform to use among the rest considering its convenient mobile app and user-friendly interface. Users of eToro can easily check the status of their investments on the go.
Dogecoin Price Prediction | Should I Buy Dogecoin?
Many traders and investors think Dogecoin could still go up in the future. The general sentiment for DOGE long term price predictions is a bullish trend until 2030. Of course, that is not to say that these forecasts will actually hold true in the future. There are many other factors to consider that could potentially cause an unexpected price drop or price hike. Some say that Dogecoin could be a profitable investment now, but always remember that these predictions are never 100% accurate.
Financial decisions like whether or not you should buy Dogecoin should be made in conjunction with extensive research and risk-reward analysis.
Risk Disclaimer in our Dogecoin Price Prediction
This article was written solely for educational and entertainment purposes only. It should not be considered investment advice. We will not be liable for any potential losses. The cryptocurrency market is very volatile, and prices change every second. Therefore, you should be careful and trade only in amounts that you can stand to lose. There is always a chance that your entire capital could get wiped out unexpectedly.