Dogecoin (DOGE) Overview
|💱 Ticker Symbol||DOGE|
|💸 Market Cap||$11,137,573,761|
|🚀 Trading Volume||$560,844,046|
|📈 Price Change (24h)||-5.00%|
|💰 Current Supply||132,670,764,300|
- Bullish Dogecoin (DOGE) price predictions range between $0.37777 and $0.713566 by 2030.
- Market analysts believe DOGE could reach $0.293821 by 2025.
- Bearish Dogecoin market price prediction for 2023 is $0.067159.
Dogecoin (DOGE) Introduction
Software developers Billy Markus and Jackson Palmer came up with the idea for Dogecoin, also known as DOGE Ð, as a “joke” in response to the then-rampant cryptocurrency speculation.
It is regarded as the first “meme coin” and the first “dog coin,” more specifically. Despite being sarcastic, some people view it as a viable financial opportunity. The Shiba Inu dog’s face from the “doge” meme serves as Dogecoin’s emblem and namesake.
Following its launch on December 6, 2013, it swiftly established its online community and, by May 5, 2021, had a market capitalization of more than $85 billion. It now serves as Watford’s sole sleeve sponsor in the Premier League.
Please note that the predictions listed below are intended to provide general information and should not be regarded as investment advice. We recommend speaking with professionals first before making any Dogecoin investments. So, let’s dive into this blog post to learn more, shall we?
What is Dogecoin (DOGE)?
Peer-to-peer, open-source cryptocurrency Dogecoin (DOGE) operates over the internet. It is seen as an alternative currency and an ironic meme coin. An illustration of a Shiba Inu dog serves as Dogecoin’s logo, which was introduced in December 2013.
Although it was initially conceived as a joke, Dogecoin has grown in popularity. When the cryptocurrency bubble burst in late 2017, it drove several coins’ values much higher. 1 A core of supporters still trade Dogecoin and use it to tip for content on Twitter and Reddit even though it lost much of its value after the bubble burst in 2018.
On online exchanges for digital currencies, users can purchase and sell Dogecoin. In addition, they can decide whether to keep their Dogecoin in a wallet or on an exchange.
Since there is a cap on the total number of coins that may be issued, cryptocurrencies like Bitcoin are deflationary, but Dogecoin is an “inflationary coin.” This is because the number of Bitcoins released into circulation as mining rewards is halved every four years, and until all coins are issued, so is the inflation rate.
Dogecoin (Ð) Technical Analysis
Overall, the trend for Dogecoin remains in a downtrend, but short-term momentum shifts continuously upward (MACD, RSI), and the price for the coin recovers quickly when it goes downward.
- Price: The price moved in a channel-down trend for the longest time. When the price swings inside the channel trendlines, traders who believe the price is likely to stay within the channel can place trades. When a pattern is complete (i.e., a breakout), place a trade when the price crosses the upper or lower trend lines of the channel. When this occurs, the price may surge in the breakout’s direction.
- Trend: All time frames are on a downward trend for this coin for years (Short-Medium- and Long-Term).
- The MACD Line: When the coin is above the MACD Signal Line (Bullish), the RSI stays below 50, and momentum is Mixed (Neutral).
- The volume on up days is bigger than the volume on down days, as shown by the rising OBV (On-Balance Volume) indicator. As a result, demand (buyers) outweighs supply (sellers).
Dogecoin (Ð) Fundamental Analysis
It’s critical to remember that unlike in the case of the stock market, most cryptocurrencies are projects rather than corporations. Therefore, you can evaluate whether a cryptocurrency is worth it or not by conducting an appropriate fundamental analysis and considering all the information available about the project.
Fundamental analysis is concerned with determining an asset’s “intrinsic value.” For example, you can determine if a cryptocurrency is overvalued or undervalued by considering various internal and external elements.
For Dogecoin, there are numerous value propositions. The fact that it is not capped causes the value proposition to increase. The advantages of sustaining the network are acknowledged throughout the whole mining ecosystem. There is now no hurry toward an “alleged” hard cap.
This stabilizes the network’s prospects for the future. As a result, Dogecoin’s value can rise, further ensuring ecosystem expansion. Although its inception was marked by artists and content creators tipping one another, it has grown into a fully functional currency that can be used for everyday expenditures.
To maintain the functionality of the ecosystem, more Dogecoin can easily be acquired. Dogecoin usage is predicted to expand by more than 5% annually, which will increase the currency’s value.
Dogecoin (Ð) Current Price
Dogecoin is currently worth $0.083949 USD. DOGE has moved -5.00% in the last 24 hours with a trading volume of $560,844,046. Dogecoin is currently ranked 9 amongst all cryptocurrencies with a market capitalization of $11,137,573,761 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Dogecoin (DOGE) to decide wether it is going to have a bullish or bearish year.
Dogecoin (Ð) Price Predictions
|Year||Minimum Price||Average Price||Maximum Price|
Our price prediction forecasts use real-time Dogecoin (DOGE) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
Dogecoin (DOGE) Price Prediction 2023
Dogecoin, according to some, is one of the most amazing cryptocurrencies to rise this year (DOGE). The DOGE price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $0.125923.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.117529 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. DOGE is expected to have a minimum value of $0.100739.
Dogecoin (DOGE) Price Prediction 2024
In 2024, Dogecoin DOGE price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of DOGE will soon surpass $0.209872. However, we should wait to see if the DOGE’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, DOGE will trade with a minimum trading price of $0.167898 and an average trading price of $0.184688.
Dogecoin (DOGE) Price Prediction 2025
If the upward trend continues until 2025, it could reach $0.293821 and DOGE may profit. If the market experiences a decline, the goal may not be met. DOGE is expected to trade at an average price of $0.268637 and a low of $0.251847 in 2025.
Dogecoin (DOGE) Price Prediction 2026
If Dogecoin successfully boosts market sentiment among cryptocurrency enthusiasts, the DOGE coin price could remain stable for the next five years.
According to our projections, DOGE will be green in 2026. The DOGE is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $0.37777, with a minimum price of $0.335796 and an average price of $0.352586.
Dogecoin (DOGE) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the DOGE price is expected to cross an average price level of $0.436535 by 2027, with a minimum price of $0.419745 expected before the end of the year. Furthermore, DOGE has a maximum price value of $0.461719.
Dogecoin (DOGE) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $0.520484. If DOGE manages to break the resistant level in 2028, we could see a maximum price of $0.545668, failing to gather the support DOGE needs by 2028 could result in a low of $0.503694.
Dogecoin (DOGE) Price Prediction 2029
While DOGE is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.587643 and a yearly price close above $0.629617 in 2029.
Dogecoin (DOGE) Price Prediction 2030
By 2030, Dogecoin will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.671592 and potentially reach a maximum price value of $0.713566, averaging out at $0.688382.
Dogecoin (DOGE) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum DOGE price in 2031 is projected to be $0.8227 in the event of a bull run, with an average price level of $0.78912.
As one of the original alternative currencies, Dogecoin was developed as a quick and immediate payment system based on the Litecoin blockchain architecture. The project’s goal was to build a strong user base for an entertaining and user-friendly Litecoin alternative (which is also a Bitcoin alternative).
By the time Dogecoin (DOGE) began, the idea of cryptocurrencies had already gained widespread acceptance, with Bitcoin reaching new highs in the market. As a result, the Dogecoin community quickly formed to promote and represent Dogecoin, which was initially marketed as a “meme coin.”
Doge, a well-known and well-liked meme, is depicted in the Shiba Inu dog breed’s renowned logo for Dogecoin. Despite all odds, DOGE has risen to the top of the cryptocurrency market, mostly because of social media hype and its accessibility to a wide range of global demographics.
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What is the Dogecoin (DOGE) price today?
Today, Dogecoin (DOGE) is trading at $0.083949 with a total market capitalization of $11,137,573,761.
Is Dogecoin a good investment?
Dogecoin proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that DOGE is a good choice of investment.
How high can Dogecoin go?
The average price of Dogecoin (DOGE) can possibly reach $0.117529 this year. Over the next 5 years, it is projected that Dogecoin may surpass $0.545668.
How much will Dogecoin be worth in 5 years?
Based on the rising popularity of cryptocurrency and Dogecoin, a long term investment in DOGE could see the price rise to $0.545668 within the next 5 years.
How much will Dogecoin be worth in 10 years?
If you invest in Dogecoin today, as with any investment, a long term increase is expected. The price of DOGE could possibly rise to $1.07 within the next 10 years.
What will the Dogecoin price be in 2024?
Dogecoin (DOGE) price is expected to reach $0.209872 by 2024.
What will the Dogecoin price be in 2025?
Dogecoin (DOGE) price is expected to reach $0.293821 by 2025.
What will the Dogecoin price be in 2026?
Dogecoin (DOGE) price is expected to reach $0.37777 by 2026.
What will the Dogecoin price be in 2027?
Dogecoin (DOGE) price is expected to reach $0.461719 by 2027.
What will the Dogecoin price be in 2028?
Dogecoin (DOGE) price is expected to reach $0.545668 by 2028.
What will the Dogecoin price be in 2029?
Dogecoin (DOGE) price is expected to reach $0.629617 by 2029.
What will the Dogecoin price be in 2030?
Dogecoin (DOGE) price is expected to reach $0.713566 by 2030.
What will the Dogecoin price be in 2031?
Dogecoin (DOGE) price is expected to reach $0.8227 by 2031.
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