To answer the question at hand, one could look at the coin using the more traditional factors usually considered when evaluating the strength of a digital currency offering, factors like blockchain protocols, use case, price action, circulating supply, and strength of the development team. Why? It also helped increase awareness of the altcoin, which has risen from unknown to become one of the top cryptocurrencies by market value. The meme-based cryptocurrency became valued at $69 billion, which made it . Once we reach 500 Likes & RT, we'll give out worth $640 lands & Seeds to the most engagement followers! There's a high probability that Dogecoin will reach $1 per coin. More info. Bitcoin to 'no longer be the controlling interest' - investors warned. No, our prediction model sees no possibility for Dogecoin to reach $1 in the short or mid-term period. That contrasted with bitcoins 90 percent and ethers 240 percent. Alright, now what if Dogecoin could reach the 50 cent price again, what would the market cap be ? But remember, the cryptocurrency industry is still young and volatile, and due to Dogecoin having a weak use case and no supply cap, while the numbers may be looking good now, it could easily go the other way. And earlier this week, Venmo (owned by PayPal) announced its more than 70 million customers can now buy Bitcoin, Ethereum, Litecoin, and Bitcoin cash for as little as $1. Potential ROI: 58.5% BUY DOGE Price Forecast for February 2023 For comparison, at the start of April, DOGE was trading for 0.036 ($0.05). We do not see a bright future for Dogecoin. The sites dogecoin price prediction for 2030 said the price could reach $0.88that year. So far this . It is difficult to tell. All Rights Reserved. As of9 Februsry 2023, the cryptos price stood at about $0.088,having fallen nearly 90% since its all-time high of $0.7376 in May 2021. DOGE dropped to $0.1107 on 13 March before making another attempt at the $0.17 level on 5 April. Offers may be subject to change without notice. A Dogecoin dollar meme. The coin rebounded to $0.1716 on 7 February, but was unable to hold at that level. Only a handful of exchanges and brokers support the altcoin now. Even high-market-cap cryptocurrencies have proved vulnerable to the current bear markets. The coin will then continue to rise month by month, and the site says that by the time the year finishes, the price could be anywhere between $7.02 and $8.03. 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. Will Dogecoin hit 50 dollars? in recent tweet popular rapper snoop dogg also joined party after tweeted picture of doge and tagging Elon musk on twitter. What Is Shiba Inu (SHIB)? No, our prediction model sees no possibility for Dogecoin to reach $10 in the short or mid-term period. A Psychology graduate from England who now lives in the US, John previously worked in the aviation industry as an airline reviewer. The maximum level that the DOGE price can reach is $0.129987. For some perspective: the market cap of the second-largest cryptocurrency, Ethereum (ETH), is currently $280 billion, and the market cap of the leading cryptocurrency, Bitcoin, is hovering around $1 trillion. Dogecoin (CRYPTO: DOGE) will not find it easy to reach the $1 mark, even as the joke cryptocurrency attracts a celebrity fan following extending from Tesla Inc (NASDAQ: TSLA) CEO Elon Musk to. DOGE climbed to $0.2819 on 24 October, but turned bearish into 2022 along with the broader markets, remaining in a downward trend with lower highs and lower lows. The crypto ended 2022 at $0.07029, but enjoyed something of a recovery in January, closing the month at $0.09617 before sliding down to a low of$0.08017 on 10 February before making something of a recovery to around$0.0866 on 21 February. But institutional investor in DOGE is comparatively minimal and that is one factor holding it back. That could also drive its price. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. 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. 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. With that out of the way, the sentiment surrounding DOGE's potential has been bullish this year but just how far can the momentum carry Dogecoin? It would be nearly impossible for Dogecoin to reach $100, because there isn't quite enough money in the whole world. However, a major one is a seemingly ever-increasing positive cryptocurrency industry sentiment and, in turn, increasing prices of the coins themselves. Even the original founders, Jackson Palmer and Billy Markus, stopped working on Dogecoin in 2015. What has propelled blue-chip cryptocurrency bitcoin lately is uptake by big investors. 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. Maybe. Im ALL in at .051 YIKES!!!! To reach $100 by 2030, then, there would have to be $18 trillion invested in Dogecoin. Dogecoins prices have rallied in 2021 for several reasons. Will Shiba Inu Coin Reach 50 Cents? There is a crazy excitement [from] very young investors around meme coins and meme ideas. 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. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. 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. This gave the coin a market cap of around $11.5bn, making it the 10th largest crypto by that metric, according to CoinMarketCap. Dogecoin is not a good long-term hold. 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.". If you rely on the information on this page then you do so entirely on your own risk. Bitcoin will eventually hit '$1 million a coin,' CoinDesk - Yahoo! But can the moment last? and more about 'why not?'". However, Dogecoin has virtually no real-world utility today. But, overall, usage is currently quite limited. Certain factors could aid Dogecoin in its quest to reach $1. This aged like milk. Now trading under $1, will dogecoin reach $10 someday? Depends on the definition of the moon. Because there isn't nearly enough money in the world, it would be nearly impossible for Dogecoin to reach $100. Not bad for a meme or a joke. The all-time high price for Dogecoin is $0.017491, which it reached in January of 2018. Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven. It is fair to say, that after the massive bull run, Dogecoin became one of the most popular cryptos in the world, rubbing shoulders with the likes of Bitcoin and Ethereum. Despite the post-FTX bakruptcyfall, though, DOGE was still worth more than it wastwo months earlier. But that might not happen very soon, especially not if the crypto winter persists. But the event revealed a fast-growing community around a cryptocurrency that started as a joke. 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. Algorithm-based forecasts can be wrong and shouldnt be used as a substitute for your own research. This is definitely not impossible but highly highly improbable to ever reach this value any time soon. The Motley Fool owns and recommends Bitcoin. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Tesla has invested $1.5 billion in bitcoin. Dogecoin will then rise to $0.57 in 2028, and $1.45 in 2030. However, Cheems follower continue to rise so does and meme popularity also increasing at global level. Dogecoin price forecasts vary but they generally lean bullish. 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. It has nearly reached .70 now and may easily reach as high as $1 after SNL tomorrow night. Given that it has not reached $1 in almost ten years, many might question how long it would take. Good job! Favorable mentions by celebrities such as Elon Musk, Snoop Dogg, and Gene Simmons have also boosted DOGE. Dogecoin is even more bizarre in that respect., Novogratz and other proponents of Bitcoin so-called Bitcoin Maximalists who believe that the Bitcoin network will provide everything that investors want in a digital currency in the future also point to its inherent scarcity as a characteristic supporting its value. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. 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. Additionally, having Dogecoin's merits heavily influenced bywhat Elon Musk tweetsat any given moment doesn't really make for a good investment case. This amount is over 20 times the global GDP of $87 trillion. With more than 18.5 million units already mined, a bitcoin scarcity is fast-approaching and investors are rushing to buy while its still cheap (relatively speaking). Listing on additional exchanges, especially the coveted Coinbase, would be a major catalyst for the price to rise. Most Dogecoin predictions are bearish. The usually conservative Walletinvestor predicts $0.37 price for DOGE in 2022 and $0.55 in 2025. 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. After a strong rally in the middle of the month, the DOGE was able to climb to more than $0.091. But this has not stopped the speculation among many investors that Dogecoin will moon. Im not the only one, right?". To put the meteoric rise into perspective, software engineers Billy Markus and Jackson Palmer conceived the token as a joke in 2013.

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