Dogecoin is an open-source peer-to-peer virtual currency favored by Shiba Inus globally. At least in part, it was created as a lighthearted joke for crypto enthusiasts and took its name from a once-popular meme.
DOGE is a meme coin cryptocurrency that utilizes blockchain technology, a highly secure decentralized system of storing information as a public ledger that is maintained by nodes (a network of computers). Dogecoin is among the top 10 cryptocurrencies by market capitalization.
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DOGE Historical Price
As of August 26, 2024, Doge is trading at $0.1091 with a market capitalization of $15.89 billion. Let us see the overview.
| Months | SHIB Inu Average Price Prediction |
|---|---|
| Dogecoin Price | $0.1091 |
| Market Capitalization | $15.89 billion |
| 1 Day Price Change | 0.06% |
| 7 Days Price Change | 9.51% |
| Trading Volume (24h) | 3.32% |
| Circulating Supply | 145.69 billion |
| All-time High | $0.7376 |
| All-time Low | $0.00008547 |
Historical Data
| Time | Market Capitalization | Price | ||
|---|---|---|---|---|
| July 2024 | $17.73 billion | $0.122 | ||
| June 2024 | $18.01 billion | $0.1243 | ||
| May 2024 | $22.99 billion | $0.1591 | ||
| April 2024 | $19.21 billion | $0.1333 | ||
| March 2024 | $31.62 billion | $0.2201 | ||
| February 2024 | $16.79 billion | $0.1172 | ||
| January 2024 | $11.25 billion | $0.07876 | ||
| 2023 | $11.25 billion | $0.08947 | ||
| 2022 | $12.75 billion | $0.07029 | ||
| 2021 | $18.81 billion | $0.1705 | ||
| 2020 | $4.76 billion | $0.004681 | ||
| 2019 | $294 million | $0.002028 | ||
| 2018 | $227 million | $0.002346 | ||
| 2017 | $679 million | $0.009031 | ||
| 2016 | $22.20 million | $0.0002234 | ||
| 2015 | $28.50 million | $0.00015 | ||
| 2014 | $13.61 million | $0.0001864 | ||
| 2013 | $63.17 million | $0.0004228 | ||
| According to CoinMarketCap | ||||
DOGE Price Prediction 2024
The dog-themed meme coin reverses from the $0.10 mark. Further, with the ongoing cross-border market correction, the DOGE price displays a weak bullish sentiment.
According to Coinpedia, with huge bullish candles early in 2024, the weekly trend takes a bearish shift in July and takes support at the dynamic 200-day EMA. The lower price rejection reflects the high demand for Dogecoin at lower levels, bolstering the bull run hypothesis. The DOGE price could hit the $0.3751 level with a conservative approach. Conversely, a supply wave could test the $0.10 psychological support.
According to CoinDCX, the minimum predicted price for DOGE in 2024 is $0.4, and the maximum price is $0.5.
Himanshu Maradiya, Founder and Chairman of CIFDAQ Blockchain Ecosystem India Ltd., said, “Predicting Dogecoin’s price for 2024 requires careful consideration of recent trends and historical data. Recent on-chain data reveals a significant shift in Dogecoin whale activity.
The Large Holders Netflow indicator, which tracks the net movement of DOGE among major holders, recently shifted from a highly bearish position to an extremely bullish one within 24 hours. Specifically, net inflows of large holders increased from -641.69 million DOGE to +664.82 million DOGE, indicating growing bullish sentiment among major investors. This change suggests a positive outlook for Dogecoin’s price, driven by increased accumulation among large players.”
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DOGE Price Prediction 2025,2026..2030
According to Changelly, after analyzing Dogecoin prices in previous years, it is assumed that in 2025, the DOGE minimum price will be around $0.2053, and the maximum may be around $0.2437. On average, the trading price of DOGE might be $0.2126 in 2025.
According to Changelly, based on cryptocurrency experts’ technical analysis of Dogecoin prices, 2026 DOGE is expected to be between $0.2974 and $0.3468. The average trading cost is expected to be $0.3059.
According to Binance, as of August 26, 2024, the price prediction input for Dogecoin gathered from 213 users, the value of DOGE may increase by 5% and reach $ 0.13364 by 2030. According to the consensus rating, the current sentiment is very bullish.
| Year | Price Prediction |
|---|---|
| 2025 | $ 0.104771 |
| 2026 | $ 0.109946 |
| 2027 | $ 0.115444 |
| 2030 | $ 0.13364 |
Vikram Subburaj, CEO of Giottus Crypto Platform, said that Dogecoin (DOGE), often considered the flag-bearer of meme coins in the crypto space, has consistently surprised critics and enthusiasts with its resilience and popularity. As we head closer to 2025, Dogecoin’s trajectory will likely hinge on its growing adoption as a payment solution, Bitcoin hitting new all-time highs and surging towards $80,000, and the broader market’s sentiment towards meme coins.
He additionally forecasts DOGE to trade between $0.15 to $0.25 by the end of 2024, with the potential to reach new highs close to $0.8 by the end of 2025. However, this is contingent on broader market conditions and continued community support for the project.
Mr. Sathvik Vishwanath, Co-Founder and CEO of Unocoin, says that Dogecoin has gained considerable attention, and price predictions for 2025 to 2030 indicate steady growth. Currently trading at $0.136254, DOGE is expected to reach $0.143067 by 2025 and rise further to $0.182594 by 2030.
However, he said technical analysis suggests a bullish trend with the 50-day and 200-day moving averages on the upside. The Relative Strength Index (RSI) remains neutral, indicating balanced market dynamics.
What is the Future of Dogecoin?
Unlike most cryptocurrencies, Dogecoin’s supply is unlimited, as it mines blocks indefinitely. This unlimited inflation could dampen price appreciation over the long haul compared to coins with capped circulating supplies.
Dogecoin’s future depends on its potential utility. Meme popularity may only sustain DOGE for a while. However, progress in speed, lower transaction fees, and business collaboration could see it thrive as a mainstream digital currency. Its passionate and large community will likely keep evolving positively.
While long-term predictability is tough, Dogecoin shows signs of being more than a temporary phenomenon. Provided that upgrades and adoption progress address technical challenges, DOGE stands a reasonable chance of enduring as a cryptocurrency widely used with upside price potential in the coming years.
Frequently Asked Questions (FAQs)
What is the DOGE price prediction for 2025?
According to Coincodex price prediction, DOGE will trade between $0.082296 and $0.411815 next year. If it reaches the higher value target for 2025, Dogecoin will increase by 313.36% and reach $0.411815.
What is the DOGE price prediction for 2030?
According to Coincodex, the DOGE price prediction for 2030 could range between $0.078346 and $0.273874. If it reaches the higher target, Dogecoin could gain 176.12% and reach $0.273874.
Will DOGE reach $10?
To reach $10, DOGE would need to gain 9,939.40%. According to the Coincodex price prediction algorithm, Dogecoin will not reach $10. Their algorithm estimates the highest price expected to be $3.66 by Jan 1, 2049.
Is DOGE a good investment?
The Dogecoin forecast is quite optimistic. The DOGE price is anticipated to meet a bull trend soon. Forbes Advisor India suggests that investors always do research before investing in any digital asset.
