As in the first quarter of this year – 2021, the meme-based crypto coin has shown some tremendous bull run; therefore, at the end of this year, many traders were thinking about whether or not it will hit the mark of $1. If you’re considering the same and wanted to know the technical analysis of Dogecoin, then remain in this blog for your complete guidance.
In this article, we will be giving you a brief history of Dogecoin and telling you about its prediction. Besides this, we’ll also give you some answers to the most common queries related to Dogecoin.
So, read this informative article till the end for all your answers.
Anyhow, without much delay, let’s get to the main part of this blog post.
What is Dogecoin (Doge)?
If you are interested in cryptocurrencies and Blockchain technologies, then this is possible you might have heard about Dogecoin. If not, if you’re a follower of Elon Musk, then there’s a 99.99 percent chance of listening to this term once in your lifetime.
In 2013, during the early phase of the crypto industry, it was created as a meme along with a logo of a Japanese breed dog named Shiba Inu. Initially, it was developed as an alternative to Bitcoin.
Yes, you read it right; it was created for fun, but at the time of writing, it has become the 10th biggest cryptocurrency globally. Not only this, there’s something more interesting!!! The Doge now has a market cap of almost 35 Billion USD. Now, that’s crazy, isn’t it???
The coin developed only for fun has now gone through some serious stuff and become one of the biggest digital coins alongside some other established virtual currencies. Furthermore, in the last eight years, the community of this coin has grown immensely, due to which it has an excellent reputation in the industry of cryptocurrency.
Dogecoin is a decentralized and completely secure crypto. Also, Doge comprises an accessible and viable alternative to Bitcoin as per the recent Dogecoin price prediction. Furthermore, it is based on Luckycoin, which comes from Litecoin. Isn’t this amazing??? If yes, then tell us in the comment section below.
Dogecoin Price Forecast
According to the technical analysis of Dogecoin prediction, the digital coin has become more volatile. In the last year, Dogecoin has seen some drastic changes along with its market capitalization.
Dogecoin price had become all-time high after the much-needed bullish rally. Moreover, the current price fluctuation of Doge has surprised several investors and traders.
DOGE is in a consolidation phase, much like Shiba Inu before it broke out. While this can be annoying to investors waiting for an upswing so they don’t have their pockets picked by scalpers who buy low and sell high but there are similarities between the two which may bode well with Dogecoin’s future potential.
However, DOGE is looking to break out of its consolidation pattern and reach $0.50, but it will take a push from buyers before that happens.
For the past few months, Dogecoin has been trending upwards. Recently it set up new highs and even higher lows which are indicators of an upward trend to continue! To make this bullishness last longer DOGE needs break through two barriers at $0.31 and $0.35 prices.
If the price of DOGE holds at its current level, then it could eventually reach 2021 highs.
Dogecoin Price Chart
(The Price chart/ graph of Doge)
Dogecoin Price Prediction for 2022
As per our analysis and observations, the coin will continue to go through its bullish momentum and might be traded at 0.9 USD in December 2022. However, according to its price prediction, it will sell above 1 USD at the end of 2022. Also, according to price prediction, the high price will be 1.22 USD, and on the other hand, the low price could be almost $0.96.
Dogecoin Price Prediction for 2023
According to many experts and analysts, till the end of 2023, it will be following the upward trend. Therefore, the price could increase slightly. At the same time, the forecast data suggests that at the end of 2023, the cost of Doge crypto can hit the mark of $1.4. Besides this, the all-time high price at the end of 2023 will be around $1.45, whereas the low possible price would be $1.12.
Dogecoin Price Prediction for 2024
As per the price prediction and forecast, by the end of 2024, this coin’s price can be almost $1.70. Furthermore, the high predicted price can be nearly $1.74, and on the downside, the lower price could be around 1.40 USD.
Dogecoin Price Prediction for 2025
According to the price prediction for 2025, the coin can hit the mark of $2 on the upside, while the price can come to 1.5 USD on the downside. Whereas, as per our price forecast data of Dogecoin, the price will end at $1.96 at the end of 2025.
FAQs
Will Dogecoin ever hit $1?
Still a long way from reaching the dollar milestone, DOGE is closing in on it! It currently stands at 0.27 USD and would need to increase almost 400% to reach $1 mark. However, it is possible but it might take some time.
Is it worth investing in Dogecoin?
Yes, As we all know, it was developed as an alternative coin for Bitcoin. Moreover, it is supported by the world’s richest man – Elon Musk. So, it is best for long-term investment.
It is to be noted, that DOGE and other cryptocurrencies are highly volatile cryptocurrencies, so it’s important to always do your own research and factor in the latest news developments before considering any forecasted prices.
What will Dogecoin be worth in 2030?
The experts and analysts believed that the year 2030 would be the best for Dogecoin. It will have more worth in 2030, according to major forecasts. But it is too early to predict anything too early as there’re almost eight years left from now. Anyhow, according to the current trend of the market, it will reach somewhere between $1.9 to $2.3.
Where to buy Dogecoin?
To buy Dogecoin, you have several options, like
- Coinbase
- Etoro
- Binance US
- Gemini
How much is Dogecoin worth in 2025?
According to the price prediction for 2025, the coin can hit the mark of $2 on the upside, while the price can come to 1.5 USD on the downside. Whereas as per our price forecast data of Dogecoin, the price will end at $1.96 at the end of 2025.
We hope you like this informative article; if yes, then share this blog post with others to benefit.
Besides this, if you find any difficulty or any flaw, let us know in the comment section below.
