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Dogecoin Price Prediction 2023 – 2025: Will DOGE Prices Shoot To The MOON?

Nov 9, 2023

Dogecoin Price Prediction

The post Dogecoin Price Prediction 2023 – 2025: Will DOGE Prices Shoot To The MOON? appeared first on Coinpedia Fintech News

Story Highlights

  • Dogecoin price may reach a maximum of $0.158 by the end of 2023.
  • With a potential surge, DOGE price may achieve its $1 mark by 2029, with a potential high of $1.19 for the year.
  • The price of Dogecoin today is  $ 0.07614771.

With a boom in altcoins, the meme coin sector is taking off to higher levels in 2023 with double-digit returns. The biggest meme coin, Dogecoin, with a market cap of $10.8 Billion, the DOGE price skyrockets as buyers line up, reflecting growing demand.

Despite giving minimal Year-to-Date returns of roughly 10%, Dogecoin shows extreme potential to form a new 52-week high this year. Moreover, with the rising interest among altcoins and a potential altcoin season around the corner, investors are getting interested in meme coins like Dogecoin for better returns.

On the other hand, various deep corrections over the years bring too many questions like: “Is Dogecoin dead? Will Dogecoin go up? Is Dogecoin a good investment? Or Will Dogecoin recover?”

To clear such doubts, we bring Dogecoin price prediction for 2023-2025. Let’s take a look at this well-researched and detailed DOGE price prediction for the upcoming moves.

Overview

Cryptocurrency Dogecoin
Token DOGE
Price  $ 0.07614771 1.78%
Market Cap  $ 10,794,519,163.5760
Trading Volume  $ 615,027,964.9874
Circulating Supply  141,757,626,383.7052
All-time High $0.7376 May 08, 2021
All-time Low $0.00008547 May 07, 2015
24 High  $ 0.0772
24 Low  $ 0.0734

What’s New With Dogecoin?

  • Dogecoin was launched in December 2013, following the massive success of Bitcoin.
  • It reached a high of $0.7605 in 2021, proving extremely profitable for early investors and miners.
  • Robinhood’s Crypto Wallet Integration: Robinhood has added support for Chainlink in its crypto wallet. This move is expected to increase the accessibility and adoption of Chainlink among Robinhood users.
  • Dogecoin’s DRC-20 Token Introduction: After the introduction of DRC-20 tokens, Dogecoin’s daily transaction volume reached an all-time high.

DOGE Price Prediction November 2023

Concluding a long-term downtrend of a falling wedge pattern, Dogecoin shows a double-bottom reversal rally. Accounting for a 30% jump in the last three weeks, the breakout rally in DOGE price approaches the $0.077 mark.

Further, the positive impact on the 50D and 200D exponential average lines tease a golden crossover. Currently, the DOGE price trades at $0.0761 with an intraday growth of 1.20% as the overall market condition improves.

Making a bullish candle, the DOGE price trend reflects the buyers’ sustaining momentum and teasing a trend continuation. Therefore, the Dogecoin price action suggests a price jump to the psychological mark of $0.10. However, the uptrend must surpass the $0.0819 mark.

On the flip side, if the buyers fail to dominate $0.070, the market value can drop to the $0.065 mark.

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
November 2023 $0.065 $0.0825 $0.10

Dogecoin’s Price Forecast 2023 

Dogecoin, the dog-based meme coin, has recently displayed a formidable bearish wedge on its weekly chart, an indicator that’s drawing significant attention from the crypto community.

Despite some remarkable bullish comebacks over the months, the Dogecoin price action maintains a downtrend since the 2021 bear rally. Continuing to form lower-high formations, the Dogecoin price action displays a falling wedge pattern in the daily chart. 

Currently trading at a discount of 91.64% from its all-time high of $0.7376, Dogecoin is struggling to gain bullish momentum in the falling wedge pattern. Moreover, it is trapped in a consolidation range and facing opposition from the 50-day EMA, the downward possibility trend in the Dogecoin price is increasing significantly. 

Assuming that the overhead supply pressure continues to grow, the breakout rally may soon be a potential signal to retest the bottom support of the falling wedge pattern close to $0.050. However, on the flip side, a bullish outcome can challenge the 200-day EMA close to $0.10.

Dogecoin Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2023 0.050 0.075 0.10

DOGE Price Prediction 2024

Based on his actions and speeches, Elon Musk, the Tesla CEO, is considered a Man of Crypto. Tesla’s recent payment-related source code includes Bitcoin and Dogecoin, which can prove immensely profitable for DOGE HODLers. If Tesla accepts Dogecoin, nothing can stop $DOGE from going to the MOON. 

However, the chances look slim as Tesla is yet to resume the Bitcoin payments. 

If the community grows and finds a few real-life use cases for DOGE, 2024 can be bullish. In an optimistic case, the DOGE coin prices can reach $0.52 by the mid of 2023. 

On the flip side, a volume decrease could slash the price down to $0.31. That said, the average price of  Dogecoin is predicted to be $0.415.

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2024 0.31 0.415 0.52

DOGE Price Prediction 2025

If the fear of missing out (FOMO) on Dogecoin continues to grow and if the coin is promoted by influencers, its price could reach $1.07. However, if Dogecoin cannot maintain its current growth rate, its price will likely average out at $0.845 in a highly competitive market.

On the other hand, if Dogecoin fails to stay relevant in 2025, the price of DOGE can plunge to $0.62.

Price Prediction Potential Low ($) Average Price ($) Potential High ($
2025 0.62 0.845 1.07

Also Read: Worldcoin Price Prediction 2023 – 2030: Will WLD Price Surge Above $10 by 2025?

Dogecoin Price Prediction 2026 – 2030

Year Potential Low ($) Potential Average ($) Potential High ($)
2026 0.8 1.05 1.3
2027 1.053 1.3105 1.568
2028 1.349 1.658 1.967
2029 1.591 2.1155 2.634
2030 2.52 2.7775 3.035

Dogecoin price prediction 2026: 

Dogecoin’s price for 2026 is projected to range between $0.8 to $1.3, with an average price of approximately $1.05.

Dogecoin price prediction 2027: 

Dogecoin’s price for 2027 is expected to fluctuate between $1.053 to $1.568, with an average price of around $1.3105.

DOGE price prediction 2028: 

Dogecoin’s price for 2028 is anticipated to lie within the range of $1.349 to $1.967, with an average price of about $1.658.

DOGE price prediction 2029: 

Dogecoin’s price for 2029 is projected to vary from $1.591 to $2.634, with an average price of roughly $2.1155.

DOGE price prediction 2030: 

Dogecoin’s price for 2030 is expected to fluctuate between $2.52 to $3.035, with an average price of approximately $2.7775.

Dogecoin (DOGE) Price Prediction 2023 – 2030 

Market Analysis

  2023 2024 2025
Gov.Capital $0.1224 $0.3208 $0.437
DigitalCoinPrice $0.16 $0.19 $0.26
Trading Beasts $ 0.300891 $ 0.158324 $ 0.093692

CoinPedia’s DOGE Price Prediction

The fact that Marketers are quite optimistic about the project and celebrities hopping legs. Can drive Dogecoin price to a value that everyone would awe at. According to CoinPedia’s formulated Dogecoin price projections for 2023. If its trading volume rises further, then we can expect the DOGE price to surge to $0.0962 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 $0.06.  

We expect the DOGE price to reach a new swing high of $0.10 by the end of of 2023.

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2023 0.050 0.075 0.10

Dogecoin Historical Market Sentiments 

Trading View

FAQs

Is Dogecoin a good investment?

Yes, Dogecoin might definitely be a good investment, if you are looking to invest for the long term.

Will Dogecoin hit $5?

Dogecoin will likely reach $5 in the next decade.

How high can the DOGE price go by the end of 2023?

The price of DOGE could possibly claim the $0.158 mark by the end of 2023.

Is Dogecoin dead?

No, Dogecoin is not dead right now, the peaks and troughs are normal in the cryptocurrency industry. Major announcements and happenings will eventually drive the price.

Will the Dogecoin price hit $1 in 2025?

According to our DOGE price prediction, the meme coin might hit a maximum of $1.07, by the end of 2025. With a potential surge, the price may go as high as $3.035 by the end of 2030.

What is Dogecoin used for?

Dogecoin was developed as a digital form of payment system, similar to that Bitcoin or Litecoin.

DOGE
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[Source: Coinpedia]

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