The dogecoin price skyrocketed by 1,234% from April 2021 to peak at an all-time high of $0.7376the following month. Dogecoin rose by 36% in value compared to where it was on Monday, May 3, which contributed to a 95% rise over the entire week, Forbes reports.. Now, there is no category that would gain at 30% per annum for 40 years in a row. Markus and Palmer based the Dogecoin blockchain protocol on the open-source coding of the now-defunct luckycoin cryptocurrency. The whole crypto world is on a verge of a complete breakdown. No, our prediction model sees no possibility for Dogecoin to reach $10 in the short or mid-term period. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. From its current price of just under $0.15, Dogecoin would need to rise more than sixfold to reach the $1 mark. Even the original founders, Jackson Palmer and Billy Markus, stopped working on Dogecoin in 2015. CoinPriceForecast was far less bullish in its DOGE coin price prediction. Furthermore, because there isn't much in the form of real-worldutility andno fundamental catalysts, it is impossible to even remotely predict the chance of price appreciation. Electronics retailer Newegg recently added dogecoin as a payment option for online purchases. Dogecoin, a meme-inspired cryptocurrency that was started as a joke in 2013, is now worth more than $10 billion after a gravity-defying year-to-date rally of 1,500%. Elon Musk once predicted that Dogecoin would be the currency of the world (and Mars). Although lower compared to other predictions, both estimates still imply upside potential over the current price. There are many DOGE skeptics out there, including Mike Novogratz. The one-dollar mark has long been the aim of some members of the Dogecoin community on Reddit, and is becoming a real possibility as this week the price shot up from around $0.13 Thursday morning to around $0.29 Friday morning. In this photo illustration of visual representations of digital cryptocurrencies, Dogecoin and Bitcoin, are displayed on January 29, 2021 in Katwijk, Netherlands. Can Dogecoin, valued at more than $19 billion and now the world's 12th-most valuable cryptocurrency (as of Jan. 10), eventually hit $1 per token? So, although Dogecoin has reached 50 cents per coin before when many people didn't think it would, with the . GME's spike was fuelled by short-sellers being forced to cover their positions as the stock's value rose instead of tumbling but it gave hope to other traders looking to make money this year. Lets now cast our eyes over some of the DOGE price history. Apple's sales dropped by 5.49% year-over-year in Q4 of 2022. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. One thing should be said here, that over the past few months, these incredible price increases have indeed provided opportunities to make money in the short term. All of this summed up prevents Dogecoin to succeed and rise in price for the long-term. Lets Get @amazon To Accept #DOGE https://t.co/llxEFwUdOQ. Many other coins, including Shiba Inu and Baby Doge,have come through and are attracting their own fair share of attentionwhile looking to reach their very own moons. Maximum Lengths, Explained, Spotify AI DJ: How The New Feature Works (And Where To Find It), What Happened To Snapchat Games? Let's take a closer look. Eventually, the joke will stop being funny and the project will get delisted and effectively killed by the exchanges. This is especially important because DOGE has little utility presently, and more utility will likely increase its chance of growing up to $1. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Ultimately, though, this is a question that you will have to answer for yourself. That's an increase of nearly 1,442% since its . *Average returns of all recommendations since inception. At the end of December 2019, Dogecoin was trading at $0.0020. The current price of Dogecoin sits at $0.085 USD, which issome ways away from its primary goal of hitting the $1 marker. The Companys registered office is at Bahamas Financial Centre, 3rd Floor, Shirley and Charlotte Street, P.O. ErgMaN_2point0 2 yr. ago. You can unsubscribe at any time. Maybe. Dogecoin, a cryptocurrency that takes its name and logo from a Shiba Inu meme that was popular several years ago, doesn't have a cap. Due to the exponential nature of the network effect, which is the main driver of Dogecoins price, it is possible for Dogecoin to reach ten dollars. World richest person & owner of Tesla Elon Musk brings Dogecoin into Billion dollar worth crypto. As of9 Februsry 2023, the cryptos price stood at about $0.088,having fallen nearly 90% since its all-time high of $0.7376 in May 2021. Below is a tabular overview of how will DOGE develop in the short-term (for the next 90 days), according to our prediction model: Our prediction model sees DOGE reaching $ 0.1088 in 2025. as we know Elon musk has huge fan following with over 45 million active followers on twitter that must be the reason why one tweet changing momentum of DogeCoin. Yes, Dogecoin will reach $1 by the end of 2021: 68.3%. Whether Dogecoincan bounce back enough to finally reach the Moon is unknown, though the possibility shouldn't be ruled out. We do not see a bright future for Dogecoin. As top investing firm like Grayscale, Micro strategy also invested money in bitcoin, so after Tesla Entry Bitcoin could cross $4 Trillion worth soon. At its height in May of last year, Dogecoin hit $0.64 USD, a price that was much closer to its $1 target price. In spite of the celebrity endorsements, Dogecoin is not the only meme coin circulating these days. The Dogecoin price is $0.08, a change of 0.47% over the past 24 hours as of 8:42 p.m. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. And never trade with money that you cannot afford to lose. It is not an offer to buy or sell any security, product, service or investment. To the moon! Although DOGE started as a jokeit soon gained popularity among crypto users, as its low value (it launched at $0.000232) made it convenient for small online transactions, such as tipping content creators on social media platforms. So what is the latestdogecoin forecast? Most famously, a concentrated effort by Reddit-based traders pumped the share prices of Gamestop (GME's) from just 14.40 ($19.94) on January 11 to as high as 234.67 ($325) just 18 days later. The altcoin also got a boost from more businesses accepting it as a payment option. Dogecoin reaching $1 is a distinct possibility. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com. Apple User Lost $650k In iCloud Crypto Scam, How Long Are Instagram Story Videos? Meanwhile, investment banks Goldman and Morgan Stanley plan to offer bitcoin exposure to their wealth management clients. We also believe that Dogecoin's market cap would ever reach $1 trillion. Institutional (and, in turn, mainstream) adoption is cited as one major factor propelling the rise of cryptocurrencies. ; Aragons; Azrbaycanca; ; Bn-lm-g; ; ; Catal; etina; Dansk; Deutsch; It has fallen precipitously since, as the Reddit-fueled meme-stock craze cooled down. Mastercard and Visa are trying to streamline crypto payments on their networks. Should it? The question "can Dogecoin reach $100," or $1, or any price for that matter, has to do with two things: DOGE's market cap and its mining dynamics. Next: Apple User Lost $650k In iCloud Crypto Scam. But DOGE quickly dropped back to trade at around $0.06 again. By Money Morning Staff Reports, Money Morning October 13, 2021 Shiba Inu is up over 300% in less than a month. While past performance should never be taken as an indicator of future results, knowing what the crypto has done in the past can help give us some much needed context when it comes to either interpreting a dogecoin coin price prediction or making one of our own. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised by the Securities Commission of The Bahamas with license number SIA-F245. It would seem night impossible for the token to hit such a price but stranger things have happened this year. 5 billion are not alot of DogeCoins if they get brought out quickly so do more research on how currency works please. Launched in 2013, there are now 100 billion Dogecoin in. Even during the height of meme-stock mania at the beginning of 2021, it still was a long way off. The most crucial part of the game. Dogecoin is designed to inflate, with 5 billion coins being added to the 100 billion surplus each year.This allows Dogecoin to be spent more liberally, without hoarding from early adopters that speculate its asset value from its limited supply. The Motley Fool owns and recommends Bitcoin. Oddly enough, these include high-profile celebrities like Mr Musk and TV chef Guy Fieri. someone bids $1) then that will induce a huge wall of selling (from all those holding DOGE) which will flood supply and bid prices back down. CoinCodexhad a somewhat pessimistic short-term dogecoin price prediction for 2023, saying the crypto could drop to $0.086347 by 26 February before continuing to slide to $0.084913 by 24 March. Best Crypto Signals (Telegram & Discord) Are Crypto Groups Worth It? This gave the coin a market cap of around $11.5bn, making it the 10th largest crypto by that metric, according to CoinMarketCap. #DogecoinToTheMoon", Another person said: "I feel like an addict checking #dogecoin price every 30 seconds. #Doge4Amazon Petition. Making the world smarter, happier, and richer. Experts pinpoint future for digital coin, Dogecoin was created in 2013 as an online joke based on a Shiba Inu meme, Dogecoin has been trading for fractions of a penny for eight years, Dogecoin warning: Musk just flexing power muscles, being thrust into the spotlight earlier this year, Bitcoin warning: Musks Dogecoin control will not be tolerated, Elon Musk's Bitcoin investment ripped to pieces, Where can I trade dogecoin? I mean, its shocking to me that GameStop continues to hold any value, Novogratz said. End of 2024 - Dogecoin's surge to $0.60 should make numerous investors FOMO and eager to get into the market before the coin . When he is not writing, he is looking to meet new people. ", The creator continued: "If the world collectively decides they are willing to purchase it for a dollar, then it's worth a dollar. DigitalCoinPrice made a dogecoin crypto price prediction that gave an average of $0.17 in 2023, $0.21 in 2024 and $0.30 in 2025, based on historical data. Robinhood gets another $100, and his tax rate is the same as Cole's so he keeps $11,340, while Uncle. Now that Elon Musk has taken over Twitter, it could work favourably for dogecoin. DOGE started the year at $0.1705 and moved up to $0.2032 on 14 January, but then sold off to $0.1272 on 24 January. As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. Will Dogecoin get capped again? CaptainAltcoin.com 2022 - All Rights Reserved
When considering a DOGE coin price prediction, its important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or tokens price will be in a few hours, and even harder to give long-term estimates. The market value of Dogecoin is currently around $0.45 USD, and for the price to reach $100, it would require an investment of $18 trillion. After DOGE climbed to near $0.16 in late October due to Elon Musk's Twitter acquisition, the price has been mainly bobbing around below $0.10 this year, while the price is now facing further losses. But Dogecoin communities is always a nice place for a good laugh it is a meme kingdom of cryptocurrency world. In early February, enticed by a friend who is an avid Redditor, I put $50.00 into the coin on Robinhood when it was at about $0.03 and was able to double my money by selling a week later at $0.07. It seems unlikely that. We thank all of you and can only say that if we sell another 6,556,000,000 #DOGECOIN worth of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!. Dogecoin has had a robust community behind it since its early days. Should I Sell or Buy Bitcoin Before Halving? It is difficult to tell. However, always remember to do your own research. The @dallasmavs have done more than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE WORLD ! The altcoin has caught the attention of many investors after its market value recently soared past $50 billion, making it bigger than automaker Ford Motor and almost equal to Jack Dorsey-led Twitter (TWTR). Dogecoin price: How many Dogecoin tokens are there? DOGECOIN traders have rallied once again this week, pushing the meme token past the 0.36 ($0.50) level - but what are the chances of DOGE reaching an even more astronomical 72 ($100) price? On Monday, April 19, Dogecoins market capitalization (equated by multiplying a coins current price by its circulating supply) hit $50 billion for the first time, with the coin itself hitting an all-time high of $0.45 made possible by surges of roughly 500 percent from the previous week and roughly 5,000 percent since the start of the year. Network: Buy Bitcoins Instantly Using Debit/Credit Card, Buy Bitcoin Anonymously (without Verification or ID), DOGE Price Prediction For The Next 90 Days, Ethereum Price Prediction | ETH Price Forecast, Ethereum Classic Price Prediction | ETC Price Forecast, Holo Price Prediction | HOT Price Forecast, OmiseGo Price Prediction | OMG Price Forecast, Golem Price Prediction | GLM Price Forecast, Bitcoin Cash Price Prediction | BCH Price Forecast, Litecoin Price Prediction | LTC Price Forecast, Tron Price Prediction | TRX Price Forecast, Verge Price Prediction | XVG Price Forecast, Eos Price Prediction | EOS Price Forecast, Sia Coin (SC) Price Prediction 2023 | 2025 | 2030 Future Forecast For SIA Price. George Retweeted. It worked. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Potts said it was "unlikely" dogecoin would ever be a stable token but added it could become a "niche currency" for certain purposes, such as monetizing "likes" on social media. What Is Shiba Inu (SHIB)? The sites dogecoin price prediction for 2030 said the price could reach $0.88that year. They include: Dogecoin saw its price rise by about 100% last month after Elon Musk acquired Twitter, with the speculation growing that he would integrate the currency into the platform. But how realistic are these beliefs? @TheBinanceNFT. Well Dogecoin would then have a market cap of about $66.3 billion and that would put it at spot number four in terms of market cap. The crypto ended 2022 at $0.07029, but enjoyed something of a recovery in January, closing the month at $0.09617 before sliding down to a low of$0.08017 on 10 February before making something of a recovery to around$0.0866 on 21 February. Listing on additional exchanges, especially the coveted Coinbase, would be a major catalyst for the price to rise. Since its early days, the community has been vibrant and responsible for several amazing things. The $1 target first became relevant in the Dogecoin community when the largest meme coin by market capitalization hit an all-time high of $0.73, in May 2021, nearly two years ago. Check out what's holding Dogecoin back of late and whether Dogecoin has a path to . The material provided on this website is for information purposes only and should not be understood as an investment advice. How high will dogecoin go? (More on that a bit later). 2023 Capital Com Online Investments Ltd, losed Joint Stock Company FinTech Solutions. Dogecoin still battling for 10th position with stellar, Uniswap and Chainlink, as of writing it currently holding 8th position with 1.07 Billion totals worth. After being thrust into the spotlight earlier this year by South African billionaire Elon Musk, Dogecoin has gone from strength to strength. Now looking at next milestone that probably $10, $100, $1000, in which $10 quite possible in next 5 to 10 year, but $100 USD and $1000 is very tough to predict that could take more 30 to 50 years from now. When asked if he could ever see Dogecoin, or DOGE, hit $1, Markus explained: "It's an open market, so the current value is simply decided by whatever someone is willing to pay for it at a specific point in time. Certain factors could aid Dogecoin in its quest to reach $1. Our forecasting model sees Dogecoin reaching $0 in 2040. However, it's impossible that Dogecoin will ever get to $100 per coin. Dogecoin is slowly dropping below the market cap positions it was in 2017, with no particular interest and real world use cases in sight, aside of sporadic utility in charity tipping. Of course, this is an element that is expected to eventually iron itself out over time and as things settle back down again. This is a joke coin never meant to stay alive this long, nor to reach these market caps and market exposure. Here's a closer look at some of the ways that might happen. Une augmentation de 20% dans les prochaines semaines parat trs probable. A Dogecoin dollar meme. Doge price may increase in the upcoming months. There is a possibility for the price of Dogecoin to reach $1 if the previous market performance is anything to judge by. Top 10 Apple Statistics and Facts for 2023. Yes, Dogecoin is a PoW coin that can be mined with the so called merged-mining techniques. Depends on the definition of the moon. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to 2017. founded Dogecoin with fellow software engineer Jackson Palmer, Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. Before 2021, the token existed on the fringes of the crypto space, with only the hard-core community members paying attention to it. The meme-based cryptocurrency became valued at $69 billion, which made it . After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. Please note that some links on CaptainAltcoin.com are affiliate links. So will Dogecoin reach $1? Since there's no supply limit, the only way for Dogecoin to reach $1, or go beyond, is when there's a considerable difference in the amount of money being injected and the coins being mined. The cryptocurrency tapped into the popular Doge meme featuring a shiba inu dog, using the dog as its logo. There isn't anything stopping anyone from easily creating a new digital currency that attracts people's attention. Dogecoin prices have broken through the $0.50 level but will they go higher? Let's examine why. The lack of any real utility, with no cap on the amount of Dogecoin that can be mined, creates a difficult environment. 306. Putting aside this aforementioned focus on the cryptocurrency and its hype value, lets look at Dogecoin through a more traditional lens. Even high-market-cap cryptocurrencies have proved vulnerable to the current bear markets. Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. Can Dogecoin reach $10? Additionally, having Dogecoin's merits heavily influenced bywhat Elon Musk tweetsat any given moment doesn't really make for a good investment case. For comparison's sake, there are more than 200millioncompaniesworldwide, according todata from Statista. F or several analysts, there is a high probability that Dogecoin will reach $1 per coin. Remember that price predictions often turn out to be wrong, and that prices can go down as well as up. In spite of this, his Dogecoin is worth about $20,000, and when he sells, he keeps $19,900. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. DOGE dropped to $0.1107 on 13 March before making another attempt at the $0.17 level on 5 April. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: For each dollar increase in Dogecoin price, the market cap would need to rise $180 billion. Every $1 increase in the Dogecoin price would necessitate an additional $180 billion in 2030. Its price performance at the time also helped other meme coins, especially Shiba Inu (SHIB). With that out of the way, the sentiment surrounding DOGE's potential has been bullish this year but just how far can the momentum carry Dogecoin? Markus, who founded Dogecoin with fellow software engineer Jackson Palmer in 2013, told Newsweek via email this week that the market ultimately decides the price. Speculation. Saturday, 4th March 2023See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive. To put the meteoric rise into perspective, software engineers Billy Markus and Jackson Palmer conceived the token as a joke in 2013. This was written in November 2020 and you predicted .04 by 2025. In other words, it would most likely take too much money to push DOGE to such heights. Dogecoinskyrocketed almost 12,000% from the start of 2021 up until the beginning of May, when it hit an all-time high of $0.74. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. DOGE is 69 cents right now. The site's technical analysis was bearish, with 17indicators making downbeatsignals and 13 making bullish ones. There were even some reports the value was closer to $0.19, as I explained for the Deseret News. That puts a $10 price target firmly out of reach; no matter how many people buy. Lets now take a look at some of the dogecoin price predictions that were being made as of 21February 2023. Few days Elon musk changes his twitter bio and add hashtag Bitcoin and 8th February 2021 sources confirm that $1.5 billion worth bitcoin invested by Tesla. now we have question that Can Dogecoin keep surging to reach $1 USD or even $1000?. ", Join half a million readers enjoying Newsweek's free newsletters. Why? All content on CaptainAltcoin is provided solely for informational purposes. However, Dogecoin has virtually no real-world utility today. Since then, however, and excluding the odd increase, the value of Dogecoin has only gone in the wrong direction. More info. As Dogecoin has returned more than 5,000 percent this year, a run-up to $10 might not seem like much to some. Vitalik Buterin, co-founder of Ethereum said: There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well. At this rate, explains Reddit user EthereumDream, miners add more than 5 billion coins per year. When cryptocurrencies were just entering popular consciousness, Billy Markus and Jackson Palmer decided to make a parody of Bitcoin (BTC), a token that would show that cryptocurrencies dont have to be taken so seriously. And after eight years of trading for fractions of a penny, Dogecoin's market cap of 64.47billion ($89.69billion) is now greater than that of Twitter. This aged like milk. In order for Dogecoin to reach this level, a massive . In the span of just one year, it became one of the ten largest crypto projects with a market cap of more than $88 billion. For the short-term future, it could reach $0.0694. Apple's revenue in the fiscal year 2022 totaled $394.3 billion globally. Dogecoin would lose its appeal in that scenario. Im ALL in at .051 YIKES!!!! Since its creation in December 2013, it has risen 42,000% in eight years, so significant price appreciation wouldn't be unprecedented. The average trading price is expected around $0.119988. This means that dogecoin would equal the entire US currency at $15.60. Andalthough it processes transactions faster andcheaperthan Bitcoin,Dogecoindoesn't even come close to the most valuable cryptocurrency's status in the industry. Twitter and. That said, DOGE has a reputation for being somewhat volatile, so we will have to wait tosee what might happen, especially in the light of the recent market crash. However, due to the large supply, which is ever-increasing, the market cap would have to grow larger than 1.3 trillion USD. Will DOGE be among those 5%? So investors should be prepared to make losses and never purchase more than they can afford to lose. First, the coin does not (as of now) have many real-world applications. If we are honest, there is not much going on for Doge aside of this welcoming and ardent community. We saw Milky Way, Snickers, Slim Jim, and others tweet support for the cryptocurrency, with the goal of sending the coin to the moon (crypto-talk for a coin that is soon going to rise significantly in price). To date, more than 110 billion DOGE tokens have been mined and stand at a market cap of 49.31billion ($68.39billion). To make the world smarter, happier, and richer. The initial hype surrounding an integration of Dogecoin on Twitter has flattened out in recent months. For Dogecoin to hit $1, it will need to hit a market cap of $130 billion, which is around 3x from its current price point. Its use case is already taken up by bitcoin and other more serious projects. It was worth $0.003 in December 2020 and commanded a market capitalization of roughly $370 million. However, a major one is a seemingly ever-increasing positive cryptocurrency industry sentiment and, in turn, increasing prices of the coins themselves. Our forecasting model sees Dogecoin reaching $0 in 2030. People may receive compensation for some links to products and services on this website. Bullish or skeptical, crypto investors are interested in dogecoin projections after seeing its returns crash those of its blue-chip rivals such as bitcoin and ether. Yes. It also helped increase awareness of the altcoin, which has risen from unknown to become one of the top cryptocurrencies by market value. . The rally was sparked by a . Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab. No, our prediction model sees no possibility for Dogecoin to reach $1 in the short or mid-term period. This may include adverts from us and 3rd parties based on our understanding. But most importantly, the total supply of Dogecoin makes it possible for the token to reach $1 faster than Shiba Inu or any meme coin, for that matter. But some believe there is an even greater potential for gains. With a steady improvement, the price managed to reach $0.003 by mid of February and further declined to $0.0015 by mid-March. Redditors are determined on Thursday to take meme-worthy Dogecoin above $1. Despite the post-FTX bakruptcyfall, though, DOGE was still worth more than it wastwo months earlier. His companies accept Dogecoin for merchandise, and he has promoted it several times. Why is Dogecoin worth what it's worth right now?It is for the following reason:Why not? Of course, even the best price forecasts are still speculations, as the cryptocurrency market is highly volatile. Doge sees huge growth in market cap volume and as per the top exchange portal Doge demand increases and more investor started holding doge in their portfolio. At a current price today of $0.21, the Dogecoin market cap now has a value of $31 billion dollars. Of course, the predictions vary, with some experts believing that the $5 milestone might be achieved as soon as 2022, while others say it won't happen until at least 2030. eToro - Best Exchange To Buy Dogecoin The excellent price performance continued until the report that Twitter had discontinued its crypto wallet project. The initial target is to lift the price to $1, as hitting that milestone will make more people to start taking the so-called joke currency more seriously. After a strong rally in the middle of the month, the DOGE was able to climb to more than $0.091. In February, after Musk tweeted Doge and Dogecoin is the peoples crypto, we saw a 50 percent surge in price. Coin is also still listed on all major exchanges which indicates that Dogecoin is far from a dead project. and more about 'why not?'". 2020. We may receive a commission, at no extra cost to you, if you click through our links and make a purchase from one of our partners. This is reflected in our 2023 predictions. At the recent peak, it was worth more than 75 cents and the market cap more than $80 billion. While it's fair to say that anything is possible in the cryptocurrency world, the likelihood of Dogecoin reaching $1 is pretty slim in my opinion. Will Dogecoin Reach $1? At a price of 72 ($100), Dogecoin's market value would be in the trillions - comparable to the world's biggest GDPs. The dogecoin price took off in 2021 as cryptocurrency markets rallied, gaining popularity on social media and prompting the launch of other shiba inu dog-themed coins. Can Dogecoin reach $100? Digital Coin Price sees DOGE topping $0.55 in 2022 and hitting $0.99 in 2025. Inflation might also slow dogecoin rise to $10. Long Forecast predicts that the altcoin will close 2021 at $0.58, top $0.82 in 2022, and reach $1.31 in 2025. Suddenly, millions of new investors were looking to buy Dogecoin in hopes of future price increases. At that time, CNBC highlighted how a $1,000 investment at the start of 2021 would have resulted in a 12,000% return.