The pre-dot-com bubble saw an enormous rise in the share prices of multiple companies but later also ended up swallowing many of them. However, tech giants like Amazon and eBay were able to come out of it successfully and, even to this day, are enjoying the lead.
Cryptocurrencies are currently experiencing an excessive injection of money. Thus, many people predict that a situation like a dot-com bubble might happen in their case as well. Multiple Crypto platforms have made claims of possessing technology as no one else has in the past; still, most of them end up failing. Although, some of these cryptocurrencies might have the potential to surpass the market capitalization of Facebook and eBay.
One such Cryptocurrency is Dogecoin, which is an altcoin that has been in existence for quite some time. Dogecoin aims to establish itself as a payment method for merchants, which will eventually push its price to newer highs. Being around for over seven years and still in existence, Dogecoin has been able to achieve unparalleled credibility and legitimacy.
It currently holds one of the top 30 cryptocurrencies position by market capitalization. The journey of Dogecoin from being a mere joke currency to becoming a helping hand to several micro earning platforms started back in 2013. Let’s discuss its future and the various predictions and see what potential it offers to the investor.
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What is Dogecoin?
Doge is one of the favorite cryptocurrencies today among Crypto users. The coin gets its name from the famous meme of the Shiba Inu dog and has been in the attention of the blockchain community since its inception. The founder simply started the project as a joke, but the coin made its way among the top trending Crypto just a few weeks after its launch.
Dogecoin is one of the trending cryptocurrencies in recent times has been able to gain a prominent place in the crypto space, and as per the predictions of experts, it is a high buy for the year 2020. Today, it also enables merchants to accept payment for their goods and services. However, Dogecoin is continuously struggling to retain its position due to the lack of development and innovation.
Additionally, it ranks among the top 100 altcoins in terms of valued traded at the time of this post. Further, you can also trade Doges on popular exchanges, including Binance, and convert them into Bitcoin. Although Dogecoin started without a purpose except for fun, it quickly started to revolutionize online tipping. Because of low fees and divisibility into cents, Dogecoin gain attraction as an online tipping system on several platforms.
As of now, Dogecoin comes handy in various applications, such as tipping users for their work. Many Crypto companies also add Dogecoin to their platform for allowing users to deposit Cryptocurrencies with small fees.
Around November 2014, a team behind the project named Dogetipbot raised around half a million in funding to develop a bot that can assist users on Reddit and Twitch.tv to make transactions in Dogecoin through commands. Although the bot was discontinued and taken offline in 2017 due to bankruptcy, this still doesn’t ignore the fact regarding the digital tipping revolution Dogecoin is influencing.
Due to the volatile nature of the market, predicting the cryptocurrency prices is quite tricky. However, to ascertain the Dogecoin future value, going through predictions from several sources shall help us get a better idea of the situation.
Dogecoin Price Prediction 2020
Predictions from industry experts show indications of this year being fruitful for the cryptocurrency market. Hence, it is anticipated that the worth of Dogecoin might reach $0.002 by the end of 2020 if the overall market turns positive.
One of the famous bloggers at Steemit, Zakaria M, believes that Dogecoin has the potential to increase its worth in the next five years. According to him, one single Dogecoin shall be worth $1 by then. However, we believe that it is a lot of exaggerating.
CryptoGround believes that DOGE might reach the $0.0032 mark by the end of this year.
According to DigitalCoinPrice Dogecoin’s price prediction, the coin will likely reach a value of $0.00552 in 2020.
WalletInvestor.com has a comprehensive forecasting system and covers all altcoins. It claims that in the year 2020, Dogecoin will have a value of $0.00376.
As per Coinpredictor, the price of Dogecoin by the end of 2020 will be $0.00026.
Dogecoin Price Prediction 2025
The coin might hit a value of $0.01 by 2025, with some people also believing its potential to reach $0.03 in case there are substantial development and community support around the coin.
CryptoGround thinks that in 2025, Dogecoin might be at $0.0119.
WalletInvestor extends its predictions to the next five years by stating that its value might reach $0.00868 by the year 2025.
The website is optimistic about Dogecoin’s performance for the year 2025 and believes that it will reach a value of $0.01136.
All in all, the worth of Dogecoin shall see a bullish trend during the next five years. Therefore, investors looking for a long-term investment might find Dogecoin as an excellent option to earn money. According to forecasts, the average price of Dogecoin shall be approximately $0.044 in 2025. The lowest and highest prices during 2025 have been forecasted at $0.0281 and $0.0450, respectively.
Dogecoin Price Prediction 2030
Analysis of the Dogecoin price chart reveals the fact that Dogecoin carries higher chances of outperforming its competitor cryptocurrencies by 2030. Some major integrations and partnerships might assist Dogecoin in climbing the ladder of rankings, and resultantly the user adoption rate shall also see an increment. By 2030, if Doge price follows a continuous uptrend it will likely break its all-time high both in BTC and USD by reaching over $0.1.
Our Dogecoin Price Prediction for 2020 and 2025
For the year 2020, we don’t have high hopes from Dogecoin since the general Cryptocurrency market is bearish and do not show any signs of recovery. We also did a technical analysis to see if Dogecoin can break its current price resistance. However, it is likely that the Doge price will remain low and might even fall a little more before bouncing back.
Although, for the year 2021, we believe that Dogecoin will show significant signs of recovery. The coin will likely break its downtrend and come out as a lucrative asset for investors. For 2020, we predict that Dogecoin will fall to $0.00084 and will bounce back the same year, taking the price to highs of $0.003. In the year 2021-2025, Dogecoin’s price is likely to form an uptrend channel pushing its price to a value of $0.0068.
Dogecoin Price Prediction 2040
Looking further into the Dogecoin Future, we see that in case of steady progress after two decades, it might succeed in shaping itself as one of the top twenty cryptocurrencies in the market. Chances of the Dogecoin community being the best among its competitors also exist. Some experts even hint of Dogecoin integrating with other organizations and thus experiencing a considerable increase in its value. Because of developments and a history of consistent growth, the expert predicts that the value of Dogecoin will reach $0.5 by 2040.
Dogecoin carries a bright and promising future. Here are a few reasons that support this case.
- Ease of Use. As already discussed, Dogecoin has been integrated by multiple applications into their platforms for payments. The increasing trend of tipping Dogecoin among users as a token of appreciation is also a dominating factor in its acceptance.
- With transaction fees as low as five or six Doge, which roughly equate to 10 cents, Dogecoin is the Cryptocurrency of choice for many individuals.
- The high supply of Dogecoins against the increasing demand helps in keeping the price stable.
- Dogecoin is one of the oldest coins in the cryptocurrency industry.
- It has a considerably large community and active development by third parties.
- The fast transaction makes it a good option for solving scalability issues. With an average block time of mere one minute, transactions carried out in Dogecoin are quick.
FAQs about Dogecoin’s Price and Future
Will Dogecoin reach 1 dollar?
Despite continuous development and support from a strong community Dogecoin lacks the ability to reach $1 in 2020, 2023, or 2025. The main factor that prevents Doge to hit $1 is its enormous supply.
Will Dogecoin ever go up?
Dogecoin is one of the most stable cryptocurrencies. However, whether the coin ever goes or not depends on different factors such as demand, use cases, and project’s roadmap. As of now, there is no specific roadmap of Dogecoin, which might prevent it from reaching new highs.
What is Dogecoin’s future price prediction?
The price of Cryptocurrency, especially Altcoins, depends on various factors. These include support from the community and also the overall market sentiment. In the context of Dogecoin, the coin will likely reach somewhere around 70 Satoshi or $0.003 by 2021.
What is Dogecoin’s highest price ever?
The highest price ever that Dogecoin reached was $0.176 on Jan 07, 2018. However, in terms of Bitcoin, the Dogecoin’s highest price was 0.00000284 or 284 Satoshis.
Can Dogecoin make you rich?
Dogecoin is a Cryptocurrency, and like all other digital assets, it has the potential to make you rich if you trade it with technical analysis, take profits and have a stop loss. The best way to do is by trading Dogecoin in USD pairs, which are more volatile than the Bitcoin ones.
Where will Dogecoin be in 5 years?
Dogecoin and Cryptocurrencies, in general, are volatile, which is why it’s difficult to predict their prices. However, the experts predict that the average price of Dogecoin in 5 years will be $0.0055.
Will Dogecoin reach $10 or $100?
The chances for Dogecoin to reach $100, $10, or even $5 is rare. To reach a valuation of $10, Dogecoin needs to reduce its supply, have a project roadmap, and innovate and improve its Blockchain. Besides, Dogecoin has a supply in billions that will make it almost impossible for the coin to reach $10 or $100.
Can Dogecoin reach 10 cents or 50 cents?
Dogecoin was once worth more than 10 cents. However, the price begins to fall gradually after making its all-time high. Still, if a bull trend follows the market, Dogecoin has the potential to reach 10 cents and 50 cents within the next five years.
Is Dogecoin worth buying?
Dogecoin is a popular Cryptocurrency, and its price is currently in a consolidating range. As an investment, Dogecoin is worth buying as experts predict its price reaching a valuation of more than $0.05 within the next ten years. Also, it is very easy to buy Dogecoin these days, since it is available on the majority of Cryptocurrency exchanges and will likely give high returns in the years to come.
Where can I Buy Dogecoin?
You can buy Dogecoin on various Cryptocurrency exchanges. To buy Dogecoin, you can use Binance, Bittrex, Poloniex, Kraken, and Yobit. You can also convert your fiat to Bitcoin and then to Dogecoin using the Binance fiat gateway.
How high can Dogecoin go?
As per the Dogecoin price forecasts, the coin can go as high as $0.0015 by the end of 2020. Also, Dogecoin has a promising future, and its value might reach $0.0035 within the next five years.
What does it mean by Moon Dogecoin?
Moon Dogecoin is a term commonly used by the Dogecoin community to express their hopes with Dogecoin. Moon Dogecoin means that the coin will continue to perform well, despite the challenges from its competitors.
What is Dogecoin Cloud Mining?
Dogecoin cloud mining is an activity where a user generates new Dogecoin using cloud mining. The process cuts down the initial cost and ensures passive income in terms of Dogecoin. However, there is no legit Dogecoin cloud mining, so you should be cautious when investing in such a website.
Should I Buy Dogecoin?
Dogecoin is a famous and one of the most traded Cryptocurrencies. Yes, you should buy Dogecoin as a long-term investment since it has the potential to surge in the coming years and has a promising future.
Is Dogecoin Dead?
No, Dogecoin is not dead and continues to gain visibility and adoption among the Crypto communities. It is hard for Dogecoin to die since it is backed by an active and strong community.
How to sell Dogecoin?
You can sell Dogecoin in USDT, Bitcoin, and other trading pairs. To sell Dogecoin, create an account on Cryptocurrency that supports Dogecoin trading, and you are all set to dispose of them.
Imagine tipping in Dogecoins in your local restaurant or as a token of appreciation to individuals for their work. With a high and ever-increasing number of transactions a month, Dogecoin is likely to revolutionize the tipping and gratuity payments on the Internet. Also, Dogecoin ATMs are popping up in several locations, and it is continuously making its way into online earning websites.
You can also use the currency to shop in popular stores or buy goods and services from different brands. The comprehensive list by Cryptwerk- Pay with Doge lists over 100’s of outlets where the joke currency can be used to make purchases. With active development from the third-party around Dogecoin, the future, and the price of this Cryptocurrency looks promising. Hence, Dogecoin is here to stay and provide an excellent opportunity for people interested in long-term investment. Additionally, you can also read Litecoin Price Prediction if you want to diversify your risk by investing in different Cryptocurrencies.
Disclaimer: This article by no means offers any trading recommendations. Therefore, all investors are suggested to be advised of the frequent and drastic price fluctuations in the cryptocurrency market and invest only after research from multiple sources while acting under their local regulations.