Here is When Doge will Go Up?
On a bullish note, DOGE continued to trade at $0.007 during the start of 2021. Further, it maintained a consolidated trend until the mid of April. The altcoin traded at $0.34 when it entered May. Subsequently, Elon Musk’s appearance on the famous Comedy Show, SNL, and his tweet regarding the same coupled with the tagline ‘Dogefather’ set the price to surge. That is, on May 8th, the price swell from $0.58 to $0.69, in a single day!
The meme-inspired cryptocurrency plunged to $0.22 on 19 May, after soaring by more than 15,000% from the start of the year to an all-time high of $0.74 on 8 May. The coin recovered some of its losses, reaching $0.43 by 3 June. After plunging to $0.31 on 8 June, DOGE, along with BTC, ETH, and other altcoins, had shortly recovered some of its losses driven by news from El Salvador that BTC would be officially recognized as legal tender.
Overall, the fact that the altcoin has a strong community base indicates that DOGE price can reach new highs. On this note, the Dogecoin price may hit a Potential high of $0.974 by end of 2021.
On the flip side, DOGE has always been having a Plump and Dump scenario in space. Anytime, we can expect investors to sell off all their holdings after their target is in hand. If this or some external force impacts the meme token, the DOGE price may trade at a potential low of $0.201 by end of 2021.
Dogecoin Price Prediction 2022
If the altcoin closes this year hitting the highs, then 2022 might start bullish at $0.99. On the other hand, if a bearish trap engulfs, then the 2022 trade might resume at a similar trend at $0.21.
The fact that Dogecoin is easy to mine has always kept the altcoin on the front seat. Moreover, this year the most popular crypto exchanges like Gemini and eToro have listed DOGE, causing the price to soar. If the currency gets listed in other familiar exchanges in the coming year, the DOGE price can soar again and strike at $2.382 by the end of 2022. However, considering the regular buying and selling pressures, the average Dogecoin price may be near $1.639.
On the other hand, the fact that the digital currency does not still have a great value drives a negative impact on Dogecoin. Many believe it is just to be speculation and if this belief remains unaltered, then the price can slump to $0.474.
5 Years Dogecoin Price Prediction
An increasing FOMO with Elon Musk towards Dogecoin may impact the price to heat up reaching a high of $7.833 in the next five years. Secondly, if DOGE could survive with a substantial growth rate in a highly competitive space in the future, the averages shall strike at $5.497.
On the other hand, in the coming years, if aspects of the crypto like Zero staking rewards and not much functionality impact the market, then its price may fall. Thus, on the downside, the potential low might be around $4.123.
What Does the Market Say?
According to Digitalcoinprice, Dogecoin’s price will rise in the coming years. It may trade within $0.3589 by the end of 2021. By 2023, The Meme Token might trade around $0.5154 and by the end of 2025, the price may trade close to $0.7102.
According to WalletInvestor, Dogecoin is a good long-term investment. In subsequent years, It will grow steadily within the $0.329 trading range in 2021.
According to Cryptonewz, the Dogecoin price shall cross $1 by the end of 2021. However, with an extremely bullish trend, the price may reach $1.7 and on the contrary, if the bears take over, then the price may close the yearly trade at $0.91.
Further by 2023, the price may reach $1.4 and attempt hard to maintain above these levels throughout 2024 by trading at $1.7 and eventually by 2025 close the trade around $1.96.
Capital.com predicts that Dogecoin may trade within the same levels as $0.3 to $0.33 by the end of 2021. Following a slow and steady uptrend, the price may rise up to $0.75 by 2025 and surpass $1 by 2026.
Our Dogecoin Prediction
The fact that Marketers are quite optimistic about the project and celebrities hopping legs can drive Dogecoin into a value that everyone would awe at.
According to Coinpedia’s formulated Dogecoin price prediction 2021, if its trading volume rises further (Note that it is already soaring), then we can expect the DOGE price to surge to $0.97 as the year ends.
on the other hand, if the market is hit by external forces like regulations or negative statements by influencers the meme coin might trade at a potential low of $0.20.
For a long-term forecast, the technological developments to improve the scaling feature can cause a DOGE price spike to $7.83. But if FUD rises among investors with the price switching into a volatile triangle, the altcoin might trade at $4.91.