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 the business have garnered the interests of the masses.
The top meme coin Dogecoin is the first one to woof when it comes to meme coins. Launched in the December of 2013, the digital token has garnered immense popularity. With liking 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.
|Market cap||$ 0.0000|
|Trading Volume||$ 0.0000|
|All-time high||$ 0.0000 Jan 1, 1970|
|All-time low||$ 0.0000 Jan 1, 1970|
|Year||Potential Low||Average Price||Potential High|
Dogecoin had made its way to 2022, with a trading price of $0.1701. Continuing its southward momentum from the previous year. The meme coin saw a fall to its support of $0.1365 on the 10th of January. However, it portrayed a quick “V-shaped” rebound, with the wick brushing $0.2147 on the 14th of January.
The spike was short-lived, as DOGE plummeted below its support to the bottoms of $0.1208 on January 22nd. Following which the asset moved sideways, sticking closer to its support levels until the 3rd of February. When it spiked to $0.1732 on the 7th of February.
However, turbulence in the business led to a downswing, when it breached the quarterly low of $0.107. By the end of the quarter, DOGE’s price had managed to climb to $0.1459. The second quarter has been brutal for the industry, the implications of which have reflected on the price of DOGE. The canine coin has slipped from its second quarter’s high of $0.179 to press time levels of $0.05865.
If the meme coin carries forward the third quarter, with bullish trends. Further impetus such as major acceptance and adoption, could propel the price to its potential high of $0.08016. On an optimistic note, according to Into The Block, 2.04 M addresses are In the Money, whereas 1.84 M addresses are out of the money. While the average price could stick around $0.06794, bears could clutch down the price to $0.05513.
If the coin gets listed on newer familiar cryptocurrency exchanges, the price could soar to close the year at $0.10807. Howbeit, regular buying and selling pressures would leave the price at an average level of $0.09176. That said, if the sentiments fall prey to the bears, with concerns around utility and value. The price can possibly slump to $0.07524.
Dogecoin price is expected to gain major traction in 2023. As the meme space would become trader’s favorite to fight potential inflation threats. The possibility is further justified, as the average time token is held, is an astonishing 1.8 years. Hence, by the end of 2023, the meme coin would hit $0.19679. That said, a possible crisis in the business could dump the price to $0.10185. Successively, the average price could settle at $0.14553.
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 $0.31911. On the flip side, the ebbing stance of meme coins and diminishing volumes could slash the price down to $0.17262. That said, a balance in buying and selling pressures could land the price at $0.24294.
An increasing FOMO with influencer promotions towards Dogecoin may impact the price to heat up to $0.54534. Secondly, if DOGE could survive with a substantial growth rate. In a highly competitive space in the future, the averages shall strike at $0.41789.
On the other hand, if aspects of the crypto like zero staking rewards and not much functionality impact the market. Then the price might slide to its potential low at around $0.28883.
Click here to read our price prediction on Shiba Inu!
According to Digital Coin Price, Dogecoin’s price could rise to a maximum of $0.0823 by the end of 2022. The firm expects a reversal in trends to drag the price down to $0.0716. That said, a balance in buying and selling pressures could land the price of DOGE at $0.0763.
As per the revised Dogecoin price prediction by Gov. Capital, Doge is forecasted to hit a maximum price of $0.05336, in 2022. On the downside, it expects DOGE to drop to $0.03944. That said, the token is expected to trade at an average price of $0.0464. Gov. capital predicts DOGE to trade at an average price of $0.474 by 2025.
As per Trading Beast’s DOGE price prediction, the meme coin is forecasted to close the trade for 2022 with a maximum target of $0.1469. The firm pins minimum and average targets at $0.0999 and $0.1175 respectively. Trading Beasts predicts the maximum targets for 2023 and 2025 at $0.1249 and $0.1864.
Wallet Investor expects DOGE price to close the annual trade for 2022 with a potential high of $0.1086. The analysts from the firm anticipate the average target to be around $0.0330. That said, the average target for 2023 is foreseen at $0.0260.
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.
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 15235.76%.
Dogecoin was created by Billy Markus, Oregon, and jackson palmer
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 for 2022. If its trading volume rises further, then we can expect the DOGE price to surge to $0.10 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 $0.75. That said, a balance in buying and selling pressures could land the price at $0.09.
To read our in-depth price prediction of Bitcoin click here!
Yes, Dogecoin might definitely be a good investment, if you are looking to invest for the long term.
No, Dogecoin is not a dead investment right now, the peaks and troughs are normal in the cryptocurrency industry. Major announcements and happenings will eventually drive the price.
The price of DOGE could possibly claim the $0.10807 mark by the end of 2022.
According to our DOGE price prediction, the meme coin might hit a maximum of $0.54534, by the end of 2025.
Dogecoin is available for trade across prominent exchanges like Binance, OKEx, HitBTC, Thodex, and VCC Exchange, amongst others.
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