What is Dogecoin? Doge Price Predictions and Analysis
In this article, you will learn about the popular Dogecoin, its price history and Dogecoin price prediction from 2021 to 2030, where to buy the coin and an investment analysis. So let’s begin.
Dogecoin is one of the most popular cryptocurrency. It is similar to Bitcoin and Ethereum and is probably more known than most of the altcoins in the market. The origin of the coin was probably a joke but it is not a joke anymore. The coin has taken the crypto market by storm and has got investors hooked up to its bullish nature. It has exploded in popularity in 2021 and the prices have soared with the rising number of investors.
Let’s have a brief look at the prices of DOGE and how it is going to be in the upcoming years, but before that let us study what Dogecoin is.
What is Dogecoin ?
Dogecoin is a decentralised open source peer-to-peer digital cryptocurrency which is favoured by Shiba Inus worldwide. It is an altcoin based on a meme and the foundation of the coin is influenced by a joke. Dogecoin is different from the normal altcoins because of its amazing and vibrant community. The logo of the “Shiba Inu” dog, a breed of Japanese Pet dog on the coin sets it apart from the normal altcoins. But, the operation of the cryptocurrency is very similar to other altcoins.
The crypto was seemingly created as a joke to poke fun at Bitcoin, but it has grown to be a very popular and loved coin. Today Dogecoin is no joke, it has blown up and gained more than 5000% value in 2021. The token is one of the fastest-growing coins and it found its applications in transferring small amounts of money instantly with low trading fees. The fun and light-hearted cryptocurrency is one among the top 10 cryptocurrency in the world.
|Token Supply||130,895,788,234 DOGE|
|Current Supply||130,895,788,234 DOGE|
Billy Markus, Oregon and Jackson Palmer
|Release Date||December 2013|
Dogecoin in Recent News
- Vitalik is the new appointed advisor of Dogecoin.
- Mark Cuban calls Doge the Strongest cryptocurrency.
- Billy Markus joins the Doge community as memes and community adviser.
- Jared Birchall has joined Doge as legal and financial adviser.
- Max Keller to lead Doge as a core technical adviser
How to buy a Dogecoin?
You can buy Doge from the following exchanges.
|Buy DOGE||Register here|
|Binance||Sign up here|
|Kraken||Sign up here|
|Simpleswap||Sign up here|
|eToro||Sign up here|
|Coinbase||Sign up here|
|Robinhood||Sign up here|
|Crypto.com||Sign up here|
|Bitfinex||Sign up here|
|CoinSwitch||Sign up here|
|Gemini||Sign up here|
|Gate.io||Sign up here|
|KuCoin||Sign up here|
|FTX||Sign up here|
Dogecoin Price History 2013 to 2020
DOGE Price History 2013
Dogecoin was launched in December 2013. The initial price of DOGE was set at $0.0002 on December 16th 2013, considering the fact that DOGE was born out of a meme and influenced by a joke. The developers wanted to build something that could challenge Bitcoin superiority in the market. The prices saw generic fluctuations in the same month and went as high as $0.001 on December 19th. The prices further fell down and reached $0.0004 by the end of the year.
DOGE Price History 2014
The price of Dogecoin in January 2014 went from $0.0002 in the beginning to $0.00156 by the end of the month. The prices soared as high as $0.0018 on February 11th and then saw a major downfall. It reached $0.0011 by the end of February. The DOGE prices further kept falling and reached $0.0004 by the end of April. It was back to square one when it went down to $0.0002 on July 10th.
It was an unfortunate phase for Dogecoin when people started questioning its validity. The prices kept falling and ended up at $0.0001. A small recovery was noticed when the prices hiked up to $0.0004 in September but it was short-lived and the Doge started falling again. The DOGE price was recorded as $0.0001 on December 30th.
Dogecoin Price History 2015
The prices remained below $0.0001 throughout January 2015. The fluctuations were limited and did not cross the barrier of the set price for a long time. Apparently the idea of a joke based coin didn’t fit well with the investors who were just settling in the crypto market. With no hope of rising, the prices further kept falling and reached $0.00009 on May 11th, 2015. It further recovered and went up as high as $0.0002 in June.
This hike was also not permanent and only resulted into a further downslide for the prices of Dogecoin which kept fluctuating around $0.001 throughout the year. A major reason for such a setback was because co-founder Jackson Palmer quit the project.
DOGE Price History 2016
The price of DOGE was recorded as $0.0001 in January 2016 and continued to rise for the following months. The prices were almost constant from February to May when it ranged between $0.0002-$0.0003. A slight hike was noticed when the prices crossed the $0.0003 range in June, but it was instantly back to the same $0.0002 floor after June and it stayed that way till the end of the year. It was Unfortunate because Dogecoin also had severe competition in the market.
DOGE Price History 2017
2017 was different. Dogecoin had finally started entering the cryptocurrency bubble. The initial prices were indeed low and it stayed below $0.0003 until March. This was the time when an unexpected soaring in the prices occurred and DOGE crossed the $0.0004 benchmark. The investors purchased the coins and the capitalization of the coins rose steadily. The value of the coin dramatically increased in the spring of 2017 and by the end of 2017, the prices were at $0.008.
Dogecoin Price History 2018
Many altcoins started to decline in price at the beginning of 2018. Dogecoin was no different. From being at $0.015 on January 8th to falling down to $0.002 by the end of june. It was drastic and the change was dynamic but Digecoin recovered quickly and was recorded as $0.0063 on 11th September. But, the rise was not permanent and Doge went back to $0.002 by the end of the year.
Dogecoin Price History 2019
The Altcoin traded on a low price for most of the year during 2019. Dogecoin maintained its consistency of price ($0.002) from the dawn of January to the end of April. A sudden hike was witnessed in May when the prices surged up to $0.0033 and then further dropped back to $0.002 and remained the same throughout the year. The prices were not volatile enough and remained under a certain limit. At the end of December 2019, Dogecoin was trading at $0.0020.
Dogecoin Price History 2020
Dogecoin was trading at $0.002463 on January 06th, 2020. The prices surged up to $0.003046 on 13th February and further fell back to the same range of $0.002. The prices of DOGE were not recovering and it was stuck at the same gear. The prices further declined to $0.0015 by mid-march. With certain variations, Doge hit $0.004 by July. It started an upward rally when the prices of BTC expanded and the altcoin continued to trade at $0.003. Dogecoin ended the year 2020 at $0.004
Dogecoin Price Today
Dogecoin Price Prediction 2021
|When||Max Price||Min Price|
Maximum price prediction of Dogecoin in 2021 is 0.9729058 USD.
Dogecoin Price Prediction for next two years: 2022 to 2023
|When||Maximum Price||Minimum Price|
Maximum price prediction of Dogecoin in 2022 is 1.53USD.
Maximum price prediction of Dogecoin in 2023 is 3.77USD.
Dogecoin Price Prediction for 2024, 2025
|When||Maximum Price||Minimum Price|
Maximum price prediction of Dogecoin in 2024 is 5.58 USD.
Maximum price prediction of Dogecoin in 2025 is 10.03 USD.
Dogecoin Price Prediction for 2026 – 2030
|When||Maximum Price||Minimum Price|
ATH prediction of Dogecoin by 2030 is 33.84 in the year 2028.
Dogecoin is expected to touch 25.38 USD by the end of 2030.
Dogecoin Price Forecast for Today, Tomorrow and This Month
Dogecoin is expected to perform well today. Dogecoin is expected to rise by 5 percent tomorrow. This month Dogecoin is expected to see 30 percent gain compared to last month.
Dogecoin Price Forecast in INR 2021 to 2030
2021: Dogecoin is expected to be priced at 80 INR by the end of 2021.
2022: In 2022, Dogecoin is predicted to touch 117.83 INR
2023: Dogecoin is expected to touch 300 INR by 2023.
2024: Dogecoin could touch 430 by 2024.
2025: Dogecoin price in 2025 is predicted to touch 800 INR.
2030: Dogecoin price prediction for 2030 in 2000 INR.
Dogecoin Price Predictions: Frequently Asked Questions
Will Dogecoin Price ever reach $10 ?
The Crypto analysts are positive that Dogecoin is on a bull run and could hit $10 in the next five years. The Elon Musk effect also seems to be one of the potential reason why people will be bullish for DOGE.
Is Dogecoin worth buying in 2021 ?
Dogecoin has the potential to be a small-time investment. It is however not advisable to invest huge amounts in any altcoin.
What will the price of Dogecoin be by the end of 2030 ?
The crypto bulls predict that the prices of Dogecoin could go up to $25.28 by the end of 2030. It could also go as high as $33.84 in 2028.
Why is Dogecoin so cheap ?
Doge is cheap because the total number of coins in circulation is extremely high. Also, Doge has no real life value, its prices are based on the hype it gets.
Is Dogecoin a dead coin ?
No, it would be untrue to say that DOGE is a dead coin considering the fact that it has recently shown a bullish trend.
Is Dogecoin Worth Investing in 2021?
Dogecoin is a unique cryptocurrency and is no exception when it comes to risk but its recent bullish nature and 400% surge has made it a peak interest for potential investors. But, for a highly volatile and inflationary asset like Dogecoin, it is difficult to make an investment decision. Even though Dogecoin has recently proved that it is capable of attaining higher prices and is a profitable investment, it is still not a wise idea to put all your money in Doge. The coin is also often backed up by big Crypto advocates in the market including the CEO of Tesla.
But, the fact that Dogecoin is an unstable coin cannot be ignored. The increasing number of circulation will decrease the demand, which will further lead to decrease in prices of DOGE. This is certainly not a good sign of a healthy investment. The coin is highly unpredictable, inflationary and certainly not a useful crypto. You can check both floating and fixed rate for exchanging Doge on SimpleSwap, for example.
Our take on the coin is that it is good only for short term investments. Even for long term, do not risk more than 5 percent of your portfolio. Don’t forget that it is a highly risky coin, you could end up losing all your money. So, Elon Musk might influence your investment decision but he will certainly not pay your bills. Always DYOR before investing.
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Now that you have read about what is Doge and Dogecoin Price prediction for 2021 to 2025, what do you think Doge coin will reach by 2030? Share with us under comments.
Disclosure: Do not consider any of the Dogecoin price forecast mentioned in this article as the final price. Please DYOR before investing in Doge. The price prediction mentioned in this article is generated using AI and does not guarantee the same results.