Crypto is in a state of flux this year with big coins plummeting and newer coins surging to the forefront. Like most investments, crypto is as unpredictable as the weather. One way to make a smart investment, however, is by studying the price history and future predictions of the coins you want to buy.
What is Dogecoin
Dogecoin started off as a joke or rather as a response to a popular meme. The coin was meant to poke fun as speculations on crypto prices and was never meant for serious investment. However, the coin grew in popularity seemingly overnight. It is considered the very first memecoin and its value rose astronomically since its launch. The source code actually comes from another coin, the Luckycoin, which has since become defunct. The goal of the coin was a joke, but it has successfully been used to raise funds to send the Jamaican Bobsled team to the Olympics, to sponsor a Nascar driver, and to help build water wells in Kenya.
Dogecoin Recent Updates and Price Changes
DOGE is has no particular value and its coin price changes are linked with current popularity within its own community. Recently, Elon Musk caused a surge, and then a huge drop in the value of the coin, but it has since stabilized. There has been a 4% drop in the value over the last quarter, but in the last few weeks, it has seen another surge. With a current market capitalization of $11 billion, it is here to stay.
Dogecoin Price Prediction for 2023- 2026
DOGE is one of the most affordable coins to invest in, however, it is among the least stable. Going into 2023 the max price is around 23 cents. That price may go up to 31 cents in 2024, though 2025 predictions show a minimum price of around 35 cents. With these minute amounts loss and gains can seem negligible but it’s important to keep an eye on movement. Barring any outright poor behavior from top DOGE coin owners, the price can hit a high of 46 cents in 2026.
Dogecoin Price Prediction for 2027- 2029
The start of 2027 should see DOGE passing the half-dollar mark to settle at 57 cents on the high end. Regulation that is set to stabilize Crypto will also help build confidence in the coin. In 2028 that growth should hit another bull giving a mid-rage price of 65 cents. 2029 will bring with it a continued rally with 71 cents being low, and 75 cents being the year-end high.
Dogecoin Price Prediction for 2030- 2033
DOGE will continue its slow but steady progress at in 2030 by reaching an impressive ATH of 80 cents at the mid-point. 2031 will bring with it a low of 83 cents, and 2032 will continue in the same vein with a mid-range price of 87 cents. Once the 10-year mark hits in 2033, we expect to see a slight surge to a high price of $1, or it may settle at a low of 95 cents.
Can You Still Make Money With Dogecoin?
Among the hundreds of top-tier coins on the market, Dogecoin is one to keep your eye on. The coin has grown in notoriety and popularity giving it a good chance of exploding in value. Even with the recent market dips, Dogecoin remains a strong contender in the crypto space. The rush for the coin has cooled and despite the drastic drip caused by Elon Musk, it is still a good casual investment.
Disclaimer: The crypto-currency market suffers from high volatility and occasional arbitrary movements. The information listed here is not financial or investing advice. Readers should research various viewpoints and check local regulations before committing to an investment. Nothing written above is to be considered as trading or investment recommendations.