What is Dogecoin? Doge Price Prediction 2023, 2024, 2025 to 2030 (Updated)
In this article, you will learn about the popular Dogecoin, its price history and Dogecoin price prediction from 2023 to 2030, where to buy the coin and an investment analysis.
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 exploded in popularity in 2021 and the prices soared with the rising number of investors. However, the price of Doge corrected by almost 80% in 2022.
In April 2023, when Twitter changed it logo to DOGE logo, the price instantly shot up by more than 20%. However, once the logo was changed back to the original once, we saw Dogecoin price drop.
Elon Musk, the CEO of Tesla and SpaceX, used to actively endorse Dogecoin, but recently he has adopted a more cautious approach in expressing his views on the cryptocurrency. During a recent interview with Bloomberg on 23rd May, 2023, Musk affirmed his ongoing support for Dogecoin while acknowledging his lack of expertise in financial matters. He clarified that he is not a financial advisor and encouraged individuals to conduct their own research prior to investing in Dogecoin. Musk’s remarks coincide with a period of declining value for Dogecoin, as its price currently hovers around $0.07, a significant decrease from its peak of $0.7376 in May 2021.
Dogecoin has been sideways for quite sometime now. Is August 2023 the month when Dogecoin makes a comeback? Let’s find out.
What we are going to learn?
What is Dogecoin?
Dogecoin is a decentralised open source peer-to-peer digital cryptocurrency which is favoured by Shiba Inu 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.
Dogecoin is a well-known cryptocurrency that was initially created as a joke based on the popular internet meme featuring the Shiba Inu dog breed. The DOGE USDT trading pair refers to the exchange of Dogecoin (DOGE) with the stablecoin Tether (USDT). This trading pair allows investors to trade Dogecoin against a stable asset, which can be beneficial in managing risk and making investment decisions.
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, and then corrected by 82% in 2022.
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 cryptocurrencies in the world.
|Token Supply||140.47B DOGE|
|Current Supply||140.47B DOGE|
Billy Markus, Oregon and Jackson Palmer
|Release Date||December 2013|
Dogecoin in Recent News
- Dogecoin is up 12.5% in the last 30 days.
- Doge goes up by more than 20% after Twitter changes it logo to Dogecoin’s logo.
- Doge price jumps after Elon Musk shares Twitter 2.0 plans
- You can now buy Elon’s Musk’s recently launched Perfume with Dogecoin
- Google Cloud to let users pay in Dogecoin
- Dogecoin is one of the top meme coins trading in Indian and international exchange with high volume
How to buy a Dogecoin?
You can buy Doge from the following exchanges.
|Buy DOGE||Register here|
|Binance||Sign up here|
|Coinbase||Sign up here|
|Crypto.com||Sign up here|
|Gate.io||Sign up here|
|KuCoin||Sign up here|
Dogecoin Price History 2013 to 2022
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 History 2021
2021 was the year of Dogecoin. This altcoin saw a major outburst in the price. And from $0.004, it went all the way up to $0.7376 on May 8, 2022. The MEME season was at peak, and Dogecoin became one of the best cryptocurrencies to give massive returns in 2021. Elon Musk tweeted a lot about Dogecoin that added to the popularity. But since then Dogecoin has been on a falling spree, and by the end of Dec 2021, Doge was priced at $0.171.
Dogecoin Price History 2022
2022 was bearish for Dogecoin. However, the fall was not as dramatic as any other cryptocurrencies. Doge traded in between 0.17USD to 0.07USD.
Dogecoin price Today: August 2023
As of 6th August, 2023, Dogecoin is trading at 0.07534USD.
Dogecoin Price Prediction 2023
|When||Maximum Price||Minimum Price|
What is the Dogecoin price prediction for 2023? We are in early 2023, and Dogecoin seems to have found its local bottom. 2023 should be BULLISH for Doge.
Maximum price prediction for Dogecoin in 2023 is 0.2USD which is expected to happen by December, 2023. The minimum expected Doge price is 0.06USD (June 2023).
For the month of August and September, 2023, DOGE is expected to trade in the range of $0.07 and $0.12.
What is Doge Price Prediction for August 2023?
Max. and Min. DOGE price in August 2023 is $0.10 and $0.07 respectively.
What is Doge Price Prediction for September 2023?
Doge price prediction for September 2023 suggest, DOGE could trade in between $0.08 to $0.12.
What is Doge Price Prediction for October 2023?
Doge price prediction for October 2023 suggest it might trade in between $0.11 and $0.16.
What is Dogecoin’s price prediction for November 2023?
November is expected to be bullish for Dogecoin. It is expected to trade between $0.13 to $0.18.
What is Dogecoin’s price prediction for December 2023?
Max. and Min. DOGE price in December 2023 is $0.15 and $0.20 respectively.
Dogecoin Price Prediction for 2024
|When||Maximum Price||Minimum Price|
Maximum price prediction of Dogecoin in 2024 is $0.45 (in December 2024)
Minimum Doge price prediction 2024 is $0.17 (in January 2024)
Dogecoin Price Prediction for 2025
|When||Maximum Price||Minimum Price|
Dogecoin price prediction for 2025 suggest DOGE is expected to trade in between $1.35 and $0.31. Average price target is $0.83. Doge is expected to reach 1USD for the first time in October 2025.
Dogecoin Price Prediction for 2026
|When||Maximum Price||Minimum Price|
Doge Price Prediction for 2027
|When||Maximum Price||Minimum Price|
Dogecoin Price Forecast 2028 to 2030
DOGE Price Forecast
2028 to 2030
|Maximum Price||Minimum Price|
Dogecoin Price Forecast for Today, Tomorrow and This Month
Dogecoin technically looks bullish for the entire month of August and September 2023. Dogecoin is expected to be in GREEN today and tomorrow. Dogecoin is expected to rise by 2-4 percent tomorrow.
This month, the prices for Dogecoin is expected to see a 12 percent gain compared to last month.
Dogecoin Price Forecast in INR 2023 to 2030
2023: Dogecoin is expected to touch 17.6 INR by 2023.
2024: Dogecoin could touch 37.56 by 2024.
2025: Dogecoin price prediction 2025 in INR is Rs. 113.4
2030: Dogecoin price prediction for 2030 in 447 INR.
Dogecoin Price Predictions: Frequently Asked Questions
Will Dogecoin Price ever reach $10?
The Crypto analysts are BULLISH on Dogecoin long term, and predicts it could hit $10 by 2050. 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 2023?
No one is talking about Dogecoin in 2023, which I think makes it the perfect time for anyone to buy Dogecoin now. Though we expect the downtrend to continue, but long run, it could give good profits. 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 $5.39 by the end of 2030.
Why is Dogecoin so cheap ?
Doge is cheap in price 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. However, if we look at the marketcap, we can see Dogecoin is not really cheap. It is one of the top 10 cryptocurrencies by marketcap.
Is Dogecoin a dead coin ?
No, it would be untrue to say that DOGE is a dead coin. There is an active community and development is also taking place at a greater speed.
Can Dogecoin do a 10X in 2023?
If the market sentiments turn bullish, our price prediction for Dogecoin suggests it could do a max of 3-4x in 2023.
Can Dogecoin Reach 100 INR?
100 INR is just above 1.2USD. As per our latest Doge-INR price prediction, Dogecoin can easily touch 100 INR by November 2025.
What is the Doge Price Prediction for 2025?
Doge could be trading in between $0.31 and $1.35. From the current price, it looks like doge has the potential to give a near 20x return.
What is the Dogecoin Price Prediction for 2030?
Dogecoin is expected to trade in between $1.83 and $5.39.
Will Doge ever reach $1?
Dogecoin is expected to reach 1USD by October 2025.
Is Dogecoin Worth Investing in 2023 (Updated)?
Dogecoin is a not just a MEME cryptocurrency and is now one of the most popular cryptocurrencies of the world. Though DOGE is no exception when it comes to risk but its recent correction 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.
Doge could correct by another 50 percent from today’s prices, and that should be a good entry point 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 2 percent of your portfolio in Dogecoin. 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 our updated article on what is Doge and Dogecoin Price prediction for 2023 to 2025, what do you think Dogecoin 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.
Last Updated: 6th August, 2023