Overview of Dogecoin (DOGE) Price
Dogecoin Foundation works under the tagline ‘Do Only Good Everyday.’ It is a non-profit organization founded in 2014 to support Dogecoin’s growth. In 2021, the foundation relaunched with core team members and advisors, and long-time members of the Doge community. The foundation decides Dogecoin’s roadmap and governance for the future.
Here are some key highlights from our latest analysis on Dogecoin’s price movement and future projections.
- The live price of Dogecoin is $ 0.119589 (DOGE/USD).
- The price has increased by 77.958% in the last year.
- Our recent DOGE price forecast indicates that its value will decrease by –14.05% and reach $0.108278 by August 1, 2024.
- Our technical analysis indicators signal Bearish market sentiment on Dogecoin.
- Dogecoin has had 12/30 (40%) green days and 10.287% price volatility.
Let’s dive into the detailed yearly Dogecoin price predictions for 2024-2050 based on historical price movements, technical analysis, and DOGE halving cycles.
Dogecoin Price Predictions 2024-2030
Let us look at Dogecoin (DOGE) price prediction for the upcoming years, based on the historical price movements, technical analysis and DOGE halving cycles.
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $0.106606 | $0.328568 | $0.550530 |
| 2025 | $0.11468 | $0.319581 | $0.524482 |
| 2026 | $0.118777 | $0.164113 | $0.209449 |
| 2027 | $0.121877 | $0.147933 | $0.173989 |
| 2028 | $0.120917 | $0.173404 | $0.225891 |
| 2029 | $0.110135 | $0.733032 | $1.355929 |
| 2030 | $0.122588 | $0.260409 | $0.398230 |
Dogecoin Price Prediction 2024
Based on the technical analysis of Dogecoin prices for 2024, the minimum cost of Dogecoin is projected to be $0.106606. The DOGE price could reach a maximum of $0.550530, with the average trading price expected to be around $0.328568.
Dogecoin Price Predictions 2025
After analyzing Dogecoin prices from previous years, it is estimated that in 2025, the minimum price of Dogecoin will be approximately $0.11468. The DOGE price could reach a maximum of around $0.524482, with an average trading price of about $0.319581.
Dogecoin Price Predictions 2026
According to the technical analysis by cryptocurrency experts, Dogecoin prices in 2026 are expected to have a minimum of approximately $0.118777 and a maximum of $0.209449. The average trading price is anticipated to be around $0.164113.
Dogecoin Price Predictions 2027
Cryptocurrency experts have reviewed the historical prices and fluctuations of Dogecoin over previous years. It is projected that in 2027, the minimum DOGE price could decrease to $0.121877, with a potential maximum of $0.173989. On average, the trading cost is expected to be approximately $0.147933.
Dogecoin Price Predictions 2028
According to crypto experts’ analysis of Dogecoin’s costs, the anticipated DOGE prices for 2028 are expected to range between $0.120917 (minimum) and $0.225891(maximum). The average trading price is projected to be around $0.173404.
Dogecoin Price Predictions 2029
Crypto experts continually analyze Dogecoin’s fluctuations. According to their predictions, the average estimated DOGE price is around $0.733032. It could potentially drop to a minimum of $0.110135 but may also reach as high as $1.355929 throughout 2029.
Dogecoin Price Predictions 2030
Annually, cryptocurrency experts forecast Dogecoin’s price trends. In 2030, DOGE is projected to fluctuate between $0.122588 and $0.398230, with an anticipated average cost of approximately $0.260409 throughout the year.
History of Dogecoin
Dogecoin is the world’s first meme coin. It was created in 2013 by two software developers named Billy Marcus and Jackson Palmer. History says the reason behind the arrival of DOGE is a popular internet meme with a picture of a Shiba Inu dog, a cute Japanese dog named Kabosu, and broken English phrases. The word ‘Dog’ is misspelled as ‘Doge.’ in the meme. This meme has received massive attention on social media, sparking the creation of Dogecoin. It soon became ‘Dogecoin.com’ with millions of visitors. DOGE was launched as a joke to make fun of cryptocurrencies and their hype.
Dogecoin is a decentralized cryptocurrency with the ticker symbol DOGE. A Shiba Inu dog in the official image. Shortly after the release, Dogecoin got enormous public attention, and the Dogecoin community started to grow with a multibillion-dollar market capitalization.
Dogecoin Foundation
The main board consists of five members, with Gary Lachance, DDP Founder, and Dogecoin veteran. The advisory board includes four associates. Vitalik Buterin, the Ethereum co-founder, is the blockchain and crypto advisor. Billy, the founder of Dogecoin, is the community and meme adviser. Jared Birchall, the legal and financial advisor, represents Elon Musk on the advisory board.
In the Dogecoin Manifesto, the foundation clears the motto behind the establishment and presence of Dogecoin. Dogecoin values utility over technical brilliance and individuals and interactions over profit-driven economies. In addition to that, the Foundation values collaboration and trust over competition and exclusivity. Dogecoin community had donated Dogecoins to charity and other sponsorships.
How Does Dogecoin Work?
Dogecoin is an open-source, decentralized cryptocurrency platform for peer-to-peer transactions. DOGE has its own blockchain and mining system, and it stemmed from the fork of lite coin and works on Proof of Work consensus. Participants need to install open-source software into their systems to act as full nodes.
Dogecoin uses a merged mining model. This mining model allows Litecoin minors to earn Dogecoin simultaneously. It targets one minute block time, and the reward is 10000 DOGE. Doge uses the Scrypt algorithm for mining, requiring large computing power and memory. Since it is a decentralized system, there is no single person to control Dogecoin; users can send information to each other.
What is Dogecoin (DOGE)?
DOGE is the native cryptocurrency of Dogecoin.com. Even though an individual token is a fraction of a dollar, According to the top cryptocurrencies’ ranking, DOGE is positioned as the eleventh cryptocurrency in the world in terms of market cap. Dogecoin is inflationary in nature because of its unlimited supply, and DOGE has an infinite inflationary supply of around $5 Billion DOGE per year.
However, the community says that the inflationary rate will decrease over time. Dogecoin community had donated coins to charity and other sponsorships. There are more than 130 billion Dogecoin in circulation, and every day minors are producing coins. During the last year, REN Project authorized Dogecoin to be obtainable in the Ethereum network as a wrapped coin called renDOGE. This provided increased cross-chain operability for DOGE.
What Can Dogecoin Be Used For?
Dogecoin functions like other cryptocurrencies. Users can mine DOGE, earn rewards, send Dogecoin to other accounts, and accept it as payment. To trade DOGE, users need to buy Bitcoin or any other crypto coin and exchange it for DOGE. On top of this, the coin is used for tipping services to promote quality content on social media, especially on Twitter and Reddit.
Many vendors accept DOGE, so users can buy products online from those retailers who accept the token. Newegg, an electronic retailer, accepts Dogecoin in over seventy countries. AMC chain, a cinema company, takes Dogecoin for payments. Currently, around 1900 merchants accept DOGE tokens for transactions.
What Makes Dogecoin Valuable?
Like any other crypto-token, Dogecoin’s value depends on demand and supply. Normally, the value of the crypto coin is increased by decreasing the supply or by burning existing coins. Because the DOGE has an infinite supply, demand should always be high to keep its value high. There is no such periodical burning mechanism to increase demand. So, the community is responsible for keeping the demands high.
Tweets and media attention have brought DOGE value to heights, but at the same time, when the life of these short-lived hype ends, Doge experiences a drop in price level. This is the reason why the price of Dogecoin is highly volatile. The community has to create media attention rather than working on technological advancements to increase demand somehow.
How Is the Dogecoin Network Secured?
Dogecoin has its blockchain network and works on the Proof of Work consensus. Like other crypto tokens, DOGE uses cryptography to make its transactions secure, and proof of work is the system’s core that manages and secures the transactions.
Dogecoin: Pros and Cons
Elon Musk named DOGE as people’s crypto. Since the values are low, anyone can buy and hold Dogecoin cryptocurrency with an unlimited supply. Compared to other tokens, the minor’s reward is high for Doge mining. In addition to this, predictions are speculating that DOGE will reach $1 within five to seven years. It is a cheap crypto token available for investors to enter the market.
Dogecoin shares many technical characteristics with Bitcoin. Dogecoin has one of the most active and robust communities globally that adopt DOGE worldwide. They worked for charity and sponsored NASCAR.
The primary concern about Dogecoin is that a fewer number of wallets holds the majority of the supply. So their control might reflect in the liquidity of Dogecoin in the market. Other cryptocurrencies are evenly distributed on a large number of wallets, and distribution can affect the liquidity of tokens.
The general issues associated with the meme coins are also applicable in the case of DOGE. Meme coins are created for fun, so they lack proper fundamentals. Meme cryptocurrency doesn’t solve any real-time issue, and meme projects are not a solution to any technical dilemma. Moreover, the token’s demand and supply trust the respective token community highly.
Latest News on Dogecoin
Dogecoin cryptocurrency has created tremendous attention on social media, and it is the favorite cryptocurrency of Elon Musk. The latest Dogecoin news reveals that Elon Musk announced that Dogecoin would go to the moon on his upcoming SpaceX mission. To launch the Doge-1 satellite, Tesla has partnered with Unizen. The Doge price has recovered from the falls after the tweet came.
Recently, the community has come up with a detailed plan for 2022. The main developments for the year include,
Gigawallet project
It is an open-source project that aims to solve the fitting problem of the DOGE token on devices. It may develop an API that can install in seconds. The Gigawallet allows developers to add Dogecoin transactions to their platforms easily.
Dogepedia
It will compile a list of FAQs on different social media platforms about Dogecoin that can grow over time. Dogepedia strives to have a good resource for the community.
Libdogecoin
A clean C library of Dogecoin building blocks. It allows anyone to build Dogecoin compliant products even if the user does not have proper knowledge of crypto technologies.
The Dogecoin community is looking forward to bolstering the token and its use cases for 2022. The ultimate aim of the community is to make it available to the public.
Dogecoin vs. Shiba Inu: Which is Better?
Both Dogecoin and Shiba Inu are now among the top fifteen digital tokens in terms of market capitalization. Dogecoin has its blockchain and mining mechanism. Moreover, it has an infinite coin supply, and Shiba Inu rely on Ethereum and has a limited coin supply of one quadrillion tokens.
DOGE has created much experience in the market because it came in 2013. Compared to that, Shiba Inu is still in its naive stage, and SHIB has managed to pause good competition to DOGE. As per expert opinion, Shiba Inu will not touch the $1 value anytime soon. Prediction foresees DOGE price will be trading around $1 within five years. The growth of DOGE has given more expectations to the Dogecoin community.
Elon Musk’s tweets have given tremendous support for Dogecoin value rises, but Shiba Inu lacks such kind of celebrity support. Still, the silent war between the DOGE community and the Shiba Inu community continues. The crypto market is waiting for the new tug war between meme coins and the bounce-back of Dogecoin DOGE.
Price History of Dogecoin
Bubbles and bursts in Dogecoin price depend on social media posts. In 2020, a tiktok video of a person went viral saying that we all invest in DOGE and become rich one day when DOGE hits $1. The campaign had raised the Dogecoin (DOGE) to 2.5X from the previous month’s value. Similarly, short-lived social media conversations and posts cause Dogecoin (DOGE) prices to rise or decline. Any tweet or opinion from celebrities will push the coin up, and negative posts pull it down. Hence volatility is a common phenomenon with meme tokens.
Historical data from sources say that DOGE was launched on December 6, 2013, and the trading prices jumped to 300% on December 19, 2019. There was an increase in price levels till 2017. Later, in 2018, prices declined and remained in consolidation for an extended period due to the crypto crash of 2018. DOGE waited till 2019 for an upward price action after the crashes.
The DOGE price traded sideways for a long time and was around $0.0045 till December 2020. At the start of 2021, a sudden hype created by the users of the Wallstreet Bets subreddit has formed a spike in coin price. DOGE marked a medium-term high at $0.36 on April 16, 2021. In total, the Dogecoin price exploded by around 3000% in the last year.
In the month of May 2021, DOGE was cautiously higher at $0.7376, which is also its all-time high. After hitting the highest price, the coin dragged back to the $0.2 level. Dogecoin’s value was settled at around $0.1 to $0.2 since the beginning of this year. Apart from creating a slight rise and dip, DOGE was trading sideways. But the recent fall took the DOGE price to the $0.07 level.
Analyzing the past performance based on returns, DOGE has given a considerable loss in the last six months. Even the performance for last week was not profitable for investors, and the price has drastically fallen by 45.26% in the last week.
Technical Analysis of Dogecoin
Today’s price of Dogecoin is $0.07464, with a 24-hour trading volume of $2,748,545,905, which is around 97.63% higher than the previous day. The current circulating supply is 132,670,764,300 DOGE, with a market cap of $9,902,090,772. The prevailing DOGE price is 89.44% less than its all-time high, a considerable loss for DOGE investors.
Dogecoin has been falling through a descending channel since October 2021. Apart from a small pullback, the fall respected the trend lines. There was a slight plunge after every price rise, which means the price was not able to break important resistance points. The current price has fallen drastically, and the coin will need a lot of strength to break the downtrend. However, the coin also has gained sufficient volume support due to its low prices.
Bulls overtook DOGE in January 2022, but it formed a hanging man on the top and brutally fell in the following week. The recent fall broke the long-term support of $0.11, and the price went much below it. It is lying below 0.1391 and below 0.1807 FIB levels.
Analyzing the support and resistance level, if the uptrend begins, DOGE may try to reach the immediate resistance of $0.13. DOGE may face the next resistance at $0.180 before entering the bull run. Any upward move above this level can take DOGE to the resistance at $0.214, and major resistance will be around $0.247.
On the opposite side, primary support is at $0.06. It is a crucial support level for Dogecoin. Any fall below this can take prices to $0.05, which is a major support level. As per Dogecoin technical analysis, the chances of testing the major support level are less. Since the recent crypto market falls amid global concerns, DOGE has been affected by it, and as soon as the market recovers, DOGE will also begin the uptrend.
Screening some of the major technical indicators, it can be seen that the MACD line is trading below the Signal Line, which can be considered a sign of negative momentum. RSI is placed at 23, which indicates highly negative momentum. The coin is trading below the lower band of Bollinger bands, which indicates a weak trend. The volatility is also high as the bands have broadened.
On the DOGE chart, candles lie below the 20, 50, and 200 EMA levels. If the price rises, the coin may hit the 20 EMA within a few weeks. On balance volume (OBV) has registered a flat move. Dogecoin technical analysis shows DOGE has been trading around its immediate support level for a long time, and if the uptrend does not begin, further correction may take place. Most indicators reflect negative momentum. Traders may think of entering into the coin now. However, since it is a meme token, it can show unexpected price rises or fall at any time.
Expert’s Opinion on Dogecoin
Wallet Investors: Dogecoin price predictions are bullish from a long-term perspective. Wallet investors expect the coin to reach $1 within five years. Dogecoin DOGE will tackle the all-time high within two years and encourage bulls in the coming years.
GOV Capital: GOV Capital reveals that Doge will hit $0.2598 by the end of 2022, and they are bullish for the further journey of the coin. Price Prediction published that the DOGE price may catch $0.27 by 2022 and hit $0.56 by December 2024.
DigitalCoinPrice: DigitalCoinPrice envisages DOGE can touch $0.203 by the end of 2022 and continue to trade bullish it will call $0.3106 by the end of 2025. Tradingbeasts.com is not very bullish on the DOGE, and they expect a slow move in 2022 and reach $0.22 by the year-end. Technewsleader expects DOGE to reach $0.19 by 2022 and $0.6 by 2025. They also foresee that Dogecoin may call $1 in 2027.
Nevertheless, the prediction from year to year slightly varies from expert to expert, but nobody expects a bearish trend in the coin. Most prediction websites believe that Dogecoin will touch $1 within five years.
Conclusion
DOGE coins have created their own identity as meme tokens in the cryptocurrency market. The community strives to achieve value addition and work towards community expansion. Technical analysis shows Dogecoin is now sitting at a critical price zone, and any small social attention can push the price movement. Long-term forecasts are bullish and hopeful for the future of DOGE.
However, cryptocurrency prices undergo fluctuations with changes in the economy. Meme coin depends on community emotions and social media controversies a lot. So compared to other altcoins, the category exhibit higher price variations; hence the risk of investing your money in Dogecoin remains the same as any other meme token.
FAQS
How to buy Dogecoin?
Initially, users need to pick a wallet of their choice from the wallet section on the main website. Configure the wallet according to the guidelines mentioned. Users can search for the DOGE Symbol and purchase DOGE. Wallet details are available on Dogecoin.com. Users can directly head to the website to complete the wallet registration.
Where to buy Dogecoin?
DOGE is listed on major cryptocurrency exchanges such as Coinbase, Binance, Kraken, WazirX, etc.
How high will Dogecoin go?
Predictions for the future of Dogecoin are bullish. Projections issued by various experts indicate the token will touch $1 within five or six years, and the subsequent rise could take the coin to $0.404643 after 2030. Excluding the probability of a black swan event or any other market crash, DOGE can grow like other cryptocurrencies in the market.
Will Dogecoin ever hit a dollar?
Dogecoin future predictions show that it will be hitting $0.173989 in 2027. There is no universal consensus to ensure predictions will go as it is, and it depends on many other factors. DOGE community is working towards the value enhancements of DOGE. Hence projections foresee DOGE will hit $0.173989 by 2027.
Does Dogecoin have a future?
Dogecoin price forecast demonstrates that coins have long-term earning potential. The cryptocurrency market paved an excellent environment for the growth of meme coins last year. DOGE is expecting retailers to accept Dogecoin, and it will get much more institutional adoption in the future. Analyzing its past performance, DOGE will give value additions to investors’ portfolios in the future.
Is Dogecoin a good investment?
Dogecoin price predictions are positive, and Digital coin prices undulate on slight fluctuations of the economy. Though Doge’s predictions are confident about its future, trading or investing in the cryptocurrency market possess high risk. Invest money carefully. Before making financial decisions, do your own research and take proper investment advice.
Is it safe to invest in Dogecoin?
If you are planning to invest a good amount of money in crypto, meme coin is not a safe investment choice because the price of meme coins are driven by social media hype or any other community impacts. Meme coins are even more volatile than other tokens. Dogecoin is a good investment based on its current development and past price history, but it is not a safe investment like any other meme coin.