As the crypto crash continues, some investors are wondering if Dogecoin (DOGE-USD) is dead. Experts don’t think it is. While it’s true that the past few months haven’t been kind to DOGE, that doesn’t mean it’s out of the running.
It will likely return to $0.1 in the near future. But the likelihood of Dogecoin even coming close to reaching its all-time high of $0.740010 is slim for 2022. In fact, many experts believe it won’t reach those numbers for a few years.
Cryptocurrency experts make forecasts for the price of Dogecoin every year. DOGE is estimated to trade between $0.98 and $1.18 in 2028. The average cost over the year is estimated to be around $1.01.
Reaching $1 is unlikely, but not impossible
There are currently approximately 134 billion Dogecoin tokens in circulation. At the current price per token of $0.08, their total value is $11 billion. That is, if the price increased to $1, the total value of all Dogecoin tokens would simply be $134 billion.
This number is increasing. Musk’s Tesla announced in December that it would accept DOGE for merch payments. AMC Theaters, which began accepting payments in a handful of cryptos in late 2021, says it will open the doors to Dogecoin and Shiba Inu (SHIB) payments around March 2022.
It’s official again: Elon Musk supports Dogecoin. Musk, the chief executive officer of Tesla Inc. and SpaceX, on Tuesday reiterated his support for Dogecoin, a cryptocurrency created as a hoax in 2013. Noting that Tesla is accepting Dogecoin as payment for goods, he reiterated that SpaceX will do the same soon.
But this time he didn’t even mention cryptocurrency. It was announced on Monday that Musk has acquired a 9.2% stake in Twitter, a stock purchase valued at nearly $3 billion. Dogecoin, the cryptocurrency Musk owns and frequently endorses, immediately surged 10% on the news.
Conclusion. Can Dogecoin reach $10 per coin? Very unlikely within the next year.
Experts have predicted that the coin will grow strongly between 2022 and 2030. The approximate price of Dogecoin will be between $0.5 and $1 over the next ten years. The coin price prediction tells us that Dogecoin will reach $0.47 by December 2031. Here is a more detailed overview of Dogecoin’s price ten years from now.
Dogecoin Price Prediction 2022, 2025, 2030
Dogecoin Price Prediction 2022: If the cryptocurrency market turns bullish in 2022, DOGE is expected to test $0.30 by 2022. Dogecoin Price Prediction 2025: With Launch and Cryptocurrency Regulations Dogecoin is expected to peak at $0.77 by 2025.
No, Dogecoin cannot reach $1000. Digital currencies have a lot of potential, but they may never surpass the US dollar in terms of global trade and strength. There are also so many cryptocurrencies on the market, each one has its pros and cons.
Crypto experts predict that Dogecoin (DOGE), KLAYTN (KLAY), and Chronoly (CRNO) (in presale and gaining popularity among major players) explode in 2022, offering unimaginable returns become .
According to a study shared by Finder with Benzinga, Dogecoin is expected to hit $0.163 by the end of this year. Thomson Reuters’ Joseph Raczynski expects Dogecoin to capitalize on its first-mover advantage and hit 50 cents by the end of this year and reach $1 before the end of 2025.
A good benchmark for deciding when to sell Dogecoin is when you’ve doubled, tripled, or quadrupled your initial investment. Given Dogecoin’s volatility, it might make sense to cash out around 50% of your holdings if you’ve already made a sizeable profit.
Because there is not nearly enough money in the world it would be almost impossible for Dogecoin to reach $100. Every $1 increase in Dogecoin price would require an additional $180 billion in 2030. To reach $100 by 2030, $18 trillion would need to be invested in Dogecoin.
Dogecoin Price Prediction 2026
The future price rise of DOGE/USD is estimated around 2026 around $0.35 according to our long-term Dogecoin price prediction. The estimated maximum price over the next 5 years is $0.78.