Crypto

Will DOGE Rise To The 9th Rank?

[ad_1]

The cryptospace has come a long way from being limited to only primitive cryptocurrencies such as Bitcoin and Ethereum. The space has been liberal enough to host a plethora of projects from varied sectors with and without utility. Successively, meme coins from businesses have garnered the interest of the masses.

The top meme coin Dogecoin is the first one to woof when it comes to meme coins. Launched in December 2013, the digital token has garnered immense popularity. With likes from celebrities, billionaire investors, and social media savvies. The canine coin has seen a number of adoptions and acceptances by renowned brands and firms.

That said, investors are still keen on DOGE, despite emerging rivals such as Shiba Inu, and have been pondering over its future prospects. Are you keen on the price predictions of Dogecoin? Join in as we dive into the possible price projections of the meme coin for 2022 and the years to come.

Overview 

Cryptocurrency Dogecoin
Token DOGE
Price $ 0.1470
Market cap $ 0.0000
Circulating Supply 0.0000
Trading Volume  $ 0.0000
All-time high $ 0.0000 Jan 1, 1970
All-time low $ 0.0000 Jan 1, 1970

Dogecoin (DOGE) Price Prediction 

Year Potential Low Average Price Potential High
2022 $0.21 $0.15 $0.25
2023 $0.29 $0.35 $0.31
2024 $0.45 $0.55 $0.61
2025 $0.75 $0.89 $0.85

DOGE Price Prediction For Q4

If the coin gets listed on newer, more familiar cryptocurrency exchanges, the price could soar to close the year at $0.25. However, regular buying and selling pressures would leave the price at an average level of $0.15. That said, if the sentiments fall prey to the bears, with concerns around utility and value. The price could possibly slump to $0.21.

Dogecoin’s Price Forecast For 2023 

Dogecoin prices are expected to gain major traction in 2023. As the meme space would become the traders’ favourite to fight potential inflation threats. The possibility is further justified as the average time a token is held, is an astonishing 1.8 years. Hence, by the end of 2023, the meme coin would hit $0.35. That said, a possible crisis in the business could dump the price to $0.29. Successively, the average price could settle at $0.35. 

DOGE Crypto Price Prediction For 2024

If the team behind Dogecoin rollout developmental upgrades and real-life use cases. The canine coin could fare up against industry leaders. In such a case, DOGE’s price could pounce to its potential high of $0.61. On the flip side, the ebbing stance of meme coins and diminishing volumes could slash the price down to $0.45. That said, a balance in buying and selling pressures could land the price at $0.55.   

Dogecoin Price Prediction For 2025

An increasing FOMO with influencer promotions towards Dogecoin may impact the price to heat up to $0.85. Secondly, if DOGE could survive with a substantial growth rate. In a highly competitive space in the future, the average will strike at $0.75.

On the other hand, aspects of crypto like zero staking rewards and not much functionality impact the market. Then the price might slide to its potential low at around $0.89.

Click here to read our price prediction on Shiba Inu!

CoinPedia’s Dogecoin Price Prediction

The fact that marketers are quite optimistic about the project and celebrities’ hopping legs can drive Dogecoin into a value that everyone would be awed at. According to Coinpedia’s formulated Dogecoin price projections for 2022. If its trading volume rises further, then we can expect the DOGE price to surge to $0.21 as the year ends.

On the other hand, if the market is hit again by external forces like regulations or negative statements by influencers. The meme coin might trade at a potential low of $0.18. That said, a balance in buying and selling pressures could land the price at $0.24.

Market Analysis

Firm Name 2022 2023 2024 2025
Digital Coin Price $0.0604 $0.0971 $0.13 $0.15
Gov. Capital $0.0497 $0.166 $0.321 $0.471
Trading Beasts $0.0837347 $0.0931591 $0.1133718 $0.1329641
Wallet Investor $0.0241 $0.00494 $0.00348 $0.00521

What Is Dogecoin (DOGE)?

Dogecoin is a user-friendly cryptocurrency project launched on December 06th, 2013. It was forked from Litecoin and is widely supported by many wallets and exchanges. The main use case is for making payments and recently it has also been used as a tipping coin. For rewarding small tokens to people during social media interactions.

Dogecoins are inflationary coins while Bitcoins are deflationary coins. This is because Bitcoins have a limit on the number of coins that will be produced and used for mining. On the flip side, dogecoin does not have any such limits and so is inflationary, which adds to its advantage. 

Dogecoin is an open-source P2P cryptocurrency, which is based on the popular meme of a dog breed Shiba Inu. Dogecoin was created by its founders Billy Markus, Oregon, and Jackson Palmer. The meme-based coin was forked from Litecoin in December of 2013. And was foreseen as a fun, light-hearted cryptocurrency. DOGE was essentially used for tipping on Reddit and Twitter in order to reward the creators for sharing quality content.
 
The meme coin is now accepted by a number of brands in exchange for products and services. Conversely, the working principle of Dogecoin is distinct from that of Bitcoin’s Proof-of-Work, in multiple aspects. One of which is by using “Script Technology”. Dogecoin has a block time of 1 minute, and the total supply is uncapped, meaning an infinite number of coins can be mined. This has been one of the reasons for stagnant price action. Other reasons include the lack of upgrades and developments, ever since 2015. However, the Dogecoin community continues to remain stout despite the persistent negative criticism.   

Fundamental Analysis

Following the massive success of bitcoin, dogecoin was launched in the December of 2013. In a mere one month, there were over a million visitors to the official website. Which started with a price of $0.006, and now poses an ROI of 10440.78%.

Dogecoin was created by Billy Markus, Oregon, and jackson palmer