Can Dogecoin reach 50 dollars? The current market cap of Dogecoin while writing this article is 9,000,000,000 (9 billion) if Dogecoin was to reach $1 it would have a market cap of 128 billion dollars. Could Dogecoin Help You Become a Millionaire? Again, this comes also under threat from Shiba Inu. It might, however, drop to $0.09999. Dogecoin is better than Bitcoin in that it is faster and cheaper to use which makes it better for everyday transactions, however, Bitcoin is better in that it is less volatile and has institutional backing which could see it outlast Dogecoin. Realistically could dogecoin hit $50 in 10 years. Of course, the predictions vary, with some experts believing that the $5 milestone might be achieved as soon as 2022, while others say it wont happen until at least 2030. eToro have proven themselves trustworthy within the Crypto industry over many years we recommend you try them out. The experts in the field of cryptocurrency have analyzed the prices of Dogecoin and their fluctuations during the previous years. Dogecoins initial release date is the 6th of December 2013. For purposes of this explanation the rate of increase is negligible. This would be less than 50% higher than the all-time high of about $0.70 per DOGE. GO DOGE! Here at Changelly, we treat Dogecoin (DOGE) cryptocurrency with respect, as DOGE is the perfect example of what can be achieved if a cryptocurrency has strong community support. We kindly remind you to always do your own research before investing in any asset. If you are interested in trading, you can convert DOGE to another crypto coin with an integrated cryptocurrency exchange. By burning coins, you are removing them from circulation, thus reducing total overall coin supply. The hope of Dogecoin enthusiasts is that Elon Musk will find some way to integrate Dogecoin into a new Twitter payments system. Many DOGE holders likely heard about Dogecoin through Musk. And for good reason -- it climbed 15,219% to peak in May. The Motley Fool has a disclosure policy. This article will explain why it will get to $0.50/per coin within 2022. //]]>. According to DigitalCoinPrices Dogecoin price estimate for 2030, the coin might hit $0.90 that year. //]]>. Right now, the primary catalyst for Dogecoin involves Elon Musk's $44 billion acquisition of Twitter. : A library of code that will make it easier for developers to build products compliant with Dogecoin. Based on this assumption, it would be highly likely that Dogecoin will experience another price spike in the future which will be followed by a significant drop. The year 2032 will be determined by the maximum DOGE price of $3.29. (In the past many coins have gone through important upgrades and their price has more or less stayed the same.). Most Dogecoin predictions are bearish. Therefore, on average, you can expect the DOGE price to be around $2.00 in 2031. In 2030 DOGE is predicted to reach its highest ever price of $1.45. : At the very highest, Dogecoin reached $0.7376 on the 8th of May 2021. : At the very lowest, Dogecoin hit $0.00008547 on the 7th of May 2015. So Dogecoin needs to find a way to embrace these potential growth options. This is due to the current popularity surrounding the joke cryptocurrency, especially on the media and social networks like Reddit and Twitter. We advise you to always conduct your own research if you are thinking about investing in cryptocurrency. Lets see what the crypto experts have to say. Today, if Dogecoin were to hit that level, its market value would reach $132 billion. Question(s) Is getting Dogecoin to increase to the equivalent of one US dollar possible? We do not make any warranties about the completeness, reliability and accuracy of this information. Without a doubt, Dogecoin is a risky investment. Dogecoin doesn't offer something to set it apart from rivals. Current supply of Dogecoin is 128,000,000,000 (128 billion). On a semi-related issue, Dogecoin is proof-of-work, and we are starting to see investors and crypto traders move away from this consensus mechanism to proof-of-stake which is seen as better in the long term. Several charity programs and a friendly DOGE community helped the coin to get the trust of the community. If You Invested $10,000 in Dogecoin in 2020, This Is How Much You Would Have Today, Beyond Dogecoin and Shiba Inu -- These 3 Cryptos Are Better Buys, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? This is primarily because its value has been created out of hype as opposed to technological benefits and use cases. The media toed the line was also largely hostile to crypto. The minimum trading cost might be $0.0839916, while the maximum might reach $0.0909909 during this month. It's important to remember Dogecoin is high risk. The expected peak value might be $0.109989 in August 2023. See below. The predictions for 2023 and 2024 range from under $0.07 to around $0.16. Thankfully, Changelly offers an easy way to stay informed that doesnt require hours of daily research subscribing to our newsletter! By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. As a result, the price could move in any direction without warning. You get your Dogecoin wallet, buy some DOGE and get started HODLing your DOGE or trading, whichever is appealing to you. Primarily, speculation has centered around a new Twitter function that would integrate Dogecoin as a payment option. One of the most volatile cryptocurrencies, which is good because there are more opportunities to buy cheap and sell high. Can DOGE reach 5 dollars? After years of analysis of the Dogecoin price, crypto experts are ready to provide their DOGE cost estimation for 2031. But apart from that, Dogecoin has never really been able to participate in the growth drivers of the modern blockchain economy, such as decentralized finance and non-fungible tokens. Can DOGE hit $10? So, while there is a generally positive outlook, you will still need to do some research and be sure that DOGE is good for your investment portfolio. Its always vital to remember that in terms of doge price, 1 doge=1 doge! Get daily alerts on price changes of the top 10 cryptocurrencies. Experts are divided but most Dogecoin price forecasts are positive. DOGE is provided with suitable environment to reach new heights in terms of price. If you are not sure what to look out for, feel free to work with an expert. Its future growth is now becoming so tied to Twitter that it might fade into obscurity if Elon Musk ever decides to abandon it. Dogecoin (DOGE) is a decentralized, open-source cryptocurrency designed to facilitate the transfer of value quickly, efficiently, and securely. Dogecoin is open-source and uses a proof-of-work consensus mechanism making it very similar to Bitcoin and older cryptocurrencies, like, ). It will be traded for at least $1.92, with the possible maximum peaks at $2.43. The hype around DOGE has fuelled a massive demand for the coin. As part of a broader crypto rally in 2023, popular meme coin Dogecoin (DOGE 0.85%) is up 27.86% over the past 30 days. Dogecoin has been praised online over and over again, particularly by Elon Musk who is seen as an authority on DOGE (its his favorite cryptocurrency), and with approximately 63 million followers on Twitter, he has become one of the loudest proponents of Dogecoin. Elon Musk already owns some Dogecoin, which he says he bought out of curiosity and it is unclear how much DOGE he has. r/dogecoin Doge can actually reach 10k. Having a strong community is often overlooked by crypto traders who can forget that its not always about having the best technology. To make the world smarter, happier, and richer. Dogecoin (DOGE 0.85%) has been one of the most talked about meme tokens of 2021. Can and will it really happen? This has only begun , Thanks for doing the math, the price would be slightly lower because if the amount of coins being added daily, All depends on how long it takes realistically it coule happen in a yr or 10, i still dont think its going to keep price down honestly, Yo its nice seeing someone actually using market cap correctly for once, Thank you! All of whom have shown their support for Dogecoin on Twitter. Many politicians viewed cryptocurrency as a way to conduct illicit transactions, escape taxation, or just a huge scam. Anything is possible in the crypto world, but that is still a huge task to achieve. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. In December 2023, the average cost will be $0.109989. Its super important to note that though Dogecoin didnt maintain its all-time high, it still increased substantially in the long-term. window.__mirage2 = {petok:"EFqAQZAmXKhGh3Dzdh7XvE2JbNqtWQmC1oyKNSKPMaQ-1800-0"}; Dogecoin is also better suited for microtransactions, because of how divisible it is and because of its speed. Dogecoin has its own blockchain and is not an ERC-20 token. Back then, 2019 saw the Bitcoin price triple. For instance, the coin grew over 3,200% by the end of last year, so it wont be exactly ridiculous to say that it could even grow its value even more by the end of the year. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. As we saw with the recent transition of Ethereum to proof of stake, there are innumerable advantages to this move. Dogecoin is one of the fastest and cheapest cryptocurrencies and arguably more suitable for everyday transactions. As you can see from the previous blocks, there is no consensus in the crypto sphere about the future of the original meme coin. The coin turned famous even outside the community of blockchain technology fans. Other predictions include a low target of $0.89, a median target of $1.17. So, how much could Dogecoin be worth youre wondering? Dogecoin has also inspired many spin-off coins, the most popular being the highly volatile Shiba Inu (SHIB), which remains as Dogecoins biggest rival. Dogecoin is rarely updated which could become a security issue. //