Dogecoin Price Predictions: How Much Will DOGE Be Worth In 2022 And Beyond?

Will Dogecoin go up or crash? Read our Dogecoin price predictions 2022 – 2030

Last Updated January 5th 2022
30 Min Read

Are you looking for the top Dogecoin (DOGE) price predictions in 2022? Or have you been struggling to answer the question ‘is Dogecoin a good investment?’ You’re in the right place.

We’ll be exploring what the experts have to say about Dogecoin’s future performance. Discover the top DOGE price prediction forecasts for 2022 and beyond and how much Dogecoin could be worth in 2022-2030.

The meme cryptocurrency Dogecoin (DOGE) has long been considered a joke. But as the recent bull run has sent the asset’s price soaring, what could happen to the price of DOGE in the next 10 years?

According to the recent long-term forecast, Dogecoin (DOGE) price could hit $0.53 by 2022, $0.773 by the end of 2023 and $1.315 by the end of 2025. DOGE will rise to $3.87 in 2027, and $24.23 in 2030.

Whatever you think about Dogecoin — the altcoin that was created as a satirical alternative to Bitcoin — its recent performance has been impossible to ignore.

At the time of writing, Dogecoin has a price of $0.2092 and a market cap of $27.46 billion. Although most investors wouldn’t have believed it a year ago, the infamous meme asset is currently the world’s 10th-largest cryptocurrency. After surpassing big-name competitors such as Polygon (MATIC) and Litecoin (LTC), Dogecoin has seen high levels of volatility over the last few months. So, what’s next for the price of DOGE?

If you’ve been asking yourself ‘is Dogecoin a good investment?’ You’re in the right place. In this article, we’ll be sharing some of the top price predictions for DOGE in 2022-2027 (plus a bit further!). Whether you’re an existing investor or simply intrigued by this unique crypto, keep reading to discover what key crypto analysts believe could happen to the price of Dogecoin in the next ten years.

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Contents

What Is Dogecoin (DOGE)? 

‘The joke crypto’, ‘the world’s most valuable joke’, ‘the meme cryptocurrency’: however you’ve heard Dogecoin described, it’s recently shown that it’s no laughing matter! DOGE was invented in 2013 by two software engineers called Billy Markus and Jackson Palmer. Just two years after the launch of Bitcoin, Markus and Palmer introduced Dogecoin as a ‘fun’ and ‘friendly’ alternative — taking the famous ‘Doge meme’ as their inspiration. 

Although there is a stark satirical element to DOGE, it’s still a fully functioning cryptocurrency with its online community. It was created by forking the Luckycoin blockchain, which is itself a fork of Litecoin, which is a fork of Bitcoin (BTC). Like Bitcoin and other assets, Dogecoin users must mine the crypto before they can add it to their wallets. Unlike Bitcoin, however, there’s an infinite supply of DOGE. (The number of Bitcoin tokens has been capped at 21 million.)

In the eight years since its launch, Dogecoin has remained relatively separate from the wider cryptocurrency industry. This is partly because many ‘serious’ crypto investors didn’t believe the asset was worth their while. Until its recent growth, people who hold DOGE have mainly used it to tip online content creators, meaning its real-world use cases have been limited.

Dogecoin has also been used to raise funds for charitable causes. Most notably, the Dogecoin community raised more than $36,000 worth of DOGE to help the Jamaican bobsled team attend the Sochi Winter Olympics, who had qualified but could not afford to go.

Despite its light-hearted origins, Dogecoin has attracted vocal supporters. Elon Musk, Snoop Dogg, and Kiss singer Gene Simmons have all previously promoted the asset to followers on Twitter, driving up interest in the true ‘underdog’ of the crypto world.

Read Also: Bitcoin vs Dogecoin

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Short-Term Dogecoin (DOGE) Price Predictions: 2022

What are crypto experts forecasting for DOGE in 2022? Now that Dogecoin has fallen below its current all-time high (ATH), will the price of DOGE go up in 2022? After a record-breaking performance in 2021, what do the top cryptocurrency analysts expect to see next year?

According to DigitalCoin, the outlook is bright, suggesting that Dogecoin will increase in 2022, but they doubt that DOGE will reach a new ATH.

DOGE price prediction chart

DigitalCoin’s 2022 Dogecoin forecast suggests that it will start the year at a high of $0.3955994783, gradually decline to hit a low of $0.3128850970 in June, rebound in July, dip slightly in October, hit a yearly high of $0.4003146252 before ending the year at $0.3257794893 in December.

Here’s DigitalCoin’s 2022 Dogecoin (DOGE) price forecast:

  • January: $0.3955994783
  • February: $0.3885404715
  • March: $0.3923637897
  • April: $0.3774707193
  • May: $0.3570350204
  • June: $0.3128850970
  • July: $0.3852517914
  • August: $0.3986165861
  • September: $0.3917191534
  • October: $0.3583208442
  • November: $0.4003146252
  • December: $0.3257794893

For the entirety of 2022, DigitalCoin expects Dogecoin to trade higher than its current price of $0.2065, even doubling in November where it will reach its yearly high of $0.4003146252. This is a fairly good indication that 2022 will be a good year for Dogecoin. Even the lowest possible price DigitalCoin has forecasted of $0.3128850970 for June is above what Dogecoin is currently valued at.

However, three things need to be pointed out. Firstly, this price prediction ignores how volatile Dogecoin can be, more or less suggesting that 2022 will be a very calm year, which could be seen as unusual. Secondly, it appears that DigitalCoin is expecting a huge jump at the end of 2021 into 2022, from $0.2065 to $0.3955994783 which might not be possible. And thirdly, if you look at the overall trend, it appears that Dogecoin could be trending downwards in 2022 — starting the year at $0.3955994783, DigitalCoin believes it could hit $0.3257794893 (the second-lowest price it predicted for 2022) by the end.

So, while the overall price of Dogecoin could increase in 2022, there are some warning signs to look out for. Don’t expect the year to be a total breeze. Despite this, DigitalCoin has said: “No, Dogecoin (DOGE) price will not be downward based on our estimated prediction” and “Yes, Dogecoin (DOGE) is [a] profitable investment based on our forecasting”.

Elsewhere, The Economy Forecast Agency is pessimistic about Dogecoin’s future. Its technical analysis suggests that Dogecoin will trade at a lower price than its currently valued for the entirety of 2022.

Here’s what The Economy Forecast Agency has forecasted for Dogecoin in 2022:

Dogecoin (DOGE) Price Forecast For 2022:

Month Open Low-High Close Mo,% Total,%
Jan 2022 $0.17 $0.13-$0.17 $0.14 -17.6% -36.4%
Feb 2022 $0.14 $0.11-$0.14 $0.12 -14.3% -45.5%
Mar 2022 $0.12 $0.12-$0.15 $0.14 16.7% -36.4%
Apr 2022 $0.14 $0.11-$0.14 $0.12 -14.3% -45.5%
May 2022 $0.12 $0.12-$0.15 $0.14 16.7% -36.4%
Jun 2022 $0.14 $0.11-$0.14 $0.12 -14.3% -45.5%
Jul 2022 $0.12 $0.09-$0.12 $0.10 -16.7% -54.5%
Aug 2022 $0.10 $0.09-$0.11 $0.10 0.0% -54.5%
Sep 2022 $0.10 $0.10-$0.13 $0.12 20.0% -45.5%
Oct 2022 $0.12 $0.12-$0.14 $0.13 8.3% -40.9%
Nov 2022 $0.13 $0.13-$0.16 $0.15 15.4% -31.8%
Dec 2022 $0.15 $0.15-$0.18 $0.17 13.3% -22.7%

 

The Economy Forecast Agency has predicted that Dogecoin will have a top price of $0.18 in 2022, 2 cents below its current value and at the very lowest, it could hit $0.09 in July and August, a decline of more than half. Despite this grim outlook, The Economy Forecast Agency seems to suggest that the price of Dogecoin will increase towards the end of 2022 which could mean higher prices in 2023. It also suggests that something could happen at the end of 2021 which could result in a poor start to 2022 — the opposite of what DigitalCoin’s forecast suggested.

On a more positive note, WalletInvestor’s forecast implies that Dogecoin will increase throughout 2022 and there may be some sporadic volatility to take advantage of, as the graph below shows.

DOGE price prediction chart

However, while WalletInvestor does suggest that DOGE will rise above its current prices in 2022, they also do not believe that it will hit a new ATH. Their platform says “The Dogecoin price can go up from 0.222 USD to 0.437 USD in one year” and “The long-term earning potential is +96.97% in one year”.

By the end of December 2022, WalletInvestor has forecasted the following Dogecoin (DOGE) minimum, maximum, and average prices:

  • Average: $0.463
  • Minimum: $0.400
  • Maximum: $0.528

None of these figures are sky-high, but they at least suggest that the value of Dogecoin won’t crash and burn in 2022. Even the minimum price WalletInvestor has predicted is higher than Dogecoin’s current price. However, at the very lowest WalletInvestor is open to the idea that DOGE could hit $0.168 at the beginning of the year. WalletInvestor’s forecast for the end of 2022 most closely resembles DigitalCoin’s.

Our last short-term Dogecoin price forecast for 2022 comes from Previsioni Bitcoin which has predicted the highest prices for DOGE in 2022. However, as their graph shows below, while Dogecoin could hit higher prices, the overall trend appears to be downwards.

DOGE price prediction chart

Previsioni Bitcoin expects that Dogecoin will start 2022 at $0.50, hit a yearly high of $0.53 in February and hit a low of $0.33 by the end of the year — still unable to reach its ATH of $0.7376. As disappointing as this prediction may seem, for the entire year, Previsioni Bitcoin believes Dogecoin will trade above its current price.

2022 Dogecoin (DOGE) price forecast:

  • January: $0.50
  • February: $0.53
  • March: $0.51
  • April: $0.44
  • May: $0.42
  • June: $0.38
  • July: $0.35
  • August: $0.33
  • September: $0.34
  • October: $0.34
  • November: $0.33
  • December: $0.33

What could cause Dogecoin to increase from its current price of $0.2065 to $0.50 is unclear as is why it could decline. Hopefully, this doesn’t mean that this decline will continue into 2023 and beyond.

What Will Happen To The Price Of Dogecoin (DOGE) In 2022?

According to price forecasts, in 2022, the price of Dogecoin will likely increase to between $0.30 and $0.50, but the coin will probably not reach a new ATH. DigitalCoin and Previsioni Bitcoin appear to suggest that DOGE will decline in 2022, though both still suggest that Dogecoin could trade at a higher price than it is currently valued. At the very lowest, DOGE could hit $0.168.

Will The Price Of Dogecoin (DOGE) Go Up In 2022?

The price of Dogecoin will likely go up in 2022 and it could hit a yearly high of $0.53 in February according to Previsioni Bitcoin. Meanwhile, WalletInvestor foresees a high of $0.528, DigitalCoin predicts $0.4003146252 in November, and The Economy Forecast Agency predicts $0.18. Though DOGE will probably not hit a new ATH, it will trade at higher prices in 2022 than most of 2021.

Additional Dogecoin price predictions for 2022 include:

  • Cryptocurrency Price Prediction: $3.83
  • Coin Price Forecast: $0.31
  • Coinskid: $0.3380
  • CryptoGround: $0.35321
  • Price Prediction: $0.36
  • Crypto Coin Society: $0.0177

Elsewhere, David Cox of CryptoNewsZ said: “Dogecoin price is expected to trade with bullish momentum and head towards $0.9 towards the end of 2022. As per the Dogecoin price prediction 2022, the price of Dogecoin (DOGE) might trade above $1 by the end of year. The predicted high for 2022 might be around $1.22, and on the downside, the low might be around $0.96”.

Elena R of Coinpedia added: “If the altcoin closes this year hitting the highs, then 2022 might start bullish at $0.99. On the other hand, if a bearish trap engulfs, then the 2022 trade might resume at a similar trend at $0.21”.

So, Is Dogecoin A Good Investment In 2022?

Short-term Dogecoin price predictions suggest DOGE could be a safe investment in 2022. Only a handful of price forecasters predict that DOGE will close 2022 at a lower price than its current value, which should be a reassuring sign to investors.

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Long-Term Dogecoin (DOGE) Price Predictions: 2023-2027

What are crypto experts forecasting for Dogecoin in 2023 and beyond? Is Dogecoin’s growth a fad? To work out whether DOGE is a good long-term investment, let’s look ahead to some price predictions for 2023-2027.

2021 was one of the most volatile years yet for the cryptocurrency market, which means the next few years could be crucial. Will we see prices continue to climb? Or will the market crash back down to its pre-2021 prices, as many assets did in the wake of the 2018 bull run? 

If Cryptocurrency Price Prediction is correct, the price of DOGE will continue to climb. After predicting a top price of $3.83 for 2022 — one of the most bullish predictions so far — the crypto-analysis platform has given the following forecast for 2025 and 2030:

Dogecoin (DOGE) Price Forecasts 2025:

MONTH & YEAR

DOGE PRICE PREDICTION

January 2025

$4.29

February 2025

$8.85

March 2025

$9.52

April 2025

$10.20

May 2025

$9.34

July 2025

$10.00

September 2025

$8.87

October 2025

$10.25

November 2025

$10.80

December 2025

$11.11

 

Dogecoin (DOGE) Price Forecasts In 2030:

MONTH & YEAR

DOGE PRICE PREDICTION

January 2030

$19.52

March 2030

$20.00

May 2030

$22.44

July 2030

$23.28

September 2030

$21.95

December 2030

$24.23

 

If you’re wondering ‘will Dogecoin reach $1?’ This prediction is bound to be a welcome sign. Cryptocurrency Price Prediction expects DOGE to hit $1 well before 2025, starting the year at $4.29, and expect it to carry on climbing from there, cross $10 for the first time by April and hit a yearly high of $11.11 by December 2025.

By 2030, things get even crazier. Cryptocurrency Price Prediction expects Dogecoin to start the year at $19.52, hit $20 by March and end the year at its highest ever price of $24.23.

For 2022, DigitalCoin estimated Dogecoin would max out at $0.4003146252 in November. So, what does DigitalCoin predict for 2023 to 2027? As we can see from their chart below, while they are not as optimistic as Cryptocurrency Price Prediction, they do expect DOGE to gradually increase for the next several years (except for 2027).

DOGE price prediction chart

According to DigitalCoin’s analysis, Dogecoin will continue to climb between 2023 and 2028 — promising news to anyone who’s wondering ‘what will Dogecoin be worth in 2030?’ Here’s DigitalCoin’s 2023 to 2028 price forecast.

DOGE price forecasts for 2023-2028

  • 2023: $0.4575663542
  • 2024: $0.5605271953
  • 2025: $0.6304882597
  • 2026: $0.7632115788
  • 2027: $0.7520989045
  • 2028: $0.9841915727

As investors debate ‘will Dogecoin reach $1?’ DigitalCoin seems to expect this milestone to be on the horizon after 2028. Its predictions show steady progress year-on-year, with a bearish adjustment in 2027 that paves the way for significant growth in 2028.

Though Dogecoin’s forecast is significantly lower than Cryptocurrency Price Prediction’s, it still shows an overwhelmingly bullish trend. This is a reassuring sign for anyone who’s worried that Dogecoin’s performance will start to stagnate. DigitalCoin thinks the Dogecoin price will be $0.4575663542 by the end of 2022, $0.6304882597 in 2025 and an impressive $0.9841915727 by 2028.

Next up is CryptoGround, which has forecasted Dogecoin’s potential price until 2026. Generally speaking, they are known for being very tame in their price predictions, rarely forecasting major leaps and sticking closer to current prices, as their graph shows below.

DOGE price prediction chart

CryptoGround doubts that $1 will be on the table for the next five years, though an increase can be expected.

Here’s what CryptoGround has forecasted for Dogecoin from 2023 to 2026:

  • 2023: $0.48057
  • 2024: $0.56519
  • 2025: $0.63475
  • 2026: $0.69464

CryptoGround also added that: “Based on the data, it can be predicted that it is Profitable to invest in Dogecoin (DOGE) for the long term. By long-term, we mean that the Dogecoin forecast for a period of 5+ years”.

And: “The technical analysis using the algorithm says that the price of Dogecoin (DOGE) will not decrease or fall or drop in [the] long term”.

For our last long-term Dogecoin price prediction, we turned to Coin Price Forecast, which previously estimated that Dogecoin could hit $0.31 in 2022. The platform has listed the following figures for the price of Dogecoin DOGE from 2023-2033.

Dogecoin (DOGE) Price Forecasts In 2023-2033:

Year Mid-Year Year-End Tod/End,%
2023 $0.33 $0.39 +80%
2024 $0.45 $0.51 +135%
2025 $0.49 $0.54 +149%
2026 $0.59 $0.64 +195%
2027 $0.69 $0.63 +190%
2028 $0.66 $0.70 +222%
2029 $0.74 $0.78 +259%
2030 $0.82 $0.86 +296%
2031 $0.73 $0.75 +245%
2032 $0.78 $0.81 +273%
2033 $0.84 $0.87 +301%

 

As we can see, Coin Price Forecast doesn’t believe that Dogecoin will hit $1 at any point in the next 10 years. However, as a long-term investment, Dogecoin’s price could perform very well. According to Coin Price Forecast’s, the value of the Dogecoin token could rise to $0.54 by the very end of 2025, rising to $0.69 in 2027, achieve a mean price of $0.86 by 2030, and then hit an ATH of $0.87 by the end of 2033.

For 2023 to 2027, Coin Price Forecast has said: “These five years would bring a significant increase: Dogecoin price would move from $0.31 to $0.63, which is up 103%. Dogecoin will start 2023 at $0.31, then soar to $0.33 within the first six months of the year and finish 2023 at $0.39. That means +80% from today”.

And for 2028 to 2032: “In this period, the Dogecoin (DOGE) price would rise from $0.63 to $0.81, which is +29%. Dogecoin will start 2028 at $0.63, then soar to $0.66 within the first half of the year, and finish 2028 at $0.70. It is about +222% from today”.

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What Will Happen To The Price Of Dogecoin In 2025?

By 2025, Dogecoin (DOGE) will likely increase to an average price between $0.54 and $0.63 according to the forecasts of Coin Price Forecast, DigitalCoin, and CryptoGround. Dogecoin will likely not hit a new ATH by 2025 and will not reach $1, however, no one expects the price of DOGE to decline either.

Will The Price Of Dogecoin Go Up In 2025?

The price of Dogecoin will likely go up in 2025 and could even hit an incredible high of $11.11 according to Cryptocurrency Price Prediction. However, most other forecasters do not see such prices occurring for the next few years (if not, even decades).

Additional Predictions For The Price Of Dogecoin In 2023-2027 Include:

2023

  • WalletInvestor: $0.773
  • Trading Beasts: $0.3407362
  • Previsioni Bitcoin: $0.37
  • The Economy Forecast Agency: $0.33
  • Coinskid: $0.5663
  • CoinArbitrageBot: $0.43152

2024

  • WalletInvestor: $1.039
  • Trading Beasts: $0.4267318
  • Previsioni Bitcoin: $0.41
  • The Economy Forecast Agency: $0.41
  • Coinskid: $0.9279
  • CoinArbitrageBot: $0.69820

2025

  • WalletInvestor: $1.315
  • The Economy Forecast Agency: $0.38
  • Coinskid: $0.9325
  • CoinArbitrageBot: $1.12969
  • Gov Capital: $1.03155

2026

  • WalletInvestor: $1.555
  • The Economy Forecast Agency: $0.25
  • Gov Capital: $1.20635

2027

  • DigitalCoin: $0.7520989045
  • Coin Price Forecast: $0.63
  • Price Prediction: $3.87

 

According to an article by Shawn Du’Mmett of Cryptopolitan: “A prevalent prediction forecast for Doge is that by 2025, the Dogecoin price can significantly rise to $1 – several cost leaps from the current Dogecoin price of $0.2 (at the time of this writing)”.

And Connor Brooke of Economy Watch says: “our Dogecoin price prediction 2025 can see the coin reach the $1 mark. This would require a 272% increase from today’s price, which does seem huge. However, when you consider how much Dogecoin has grown until this point, an increase of this size doesn’t seem out of the question as Dogecoin projections continue to depict an upwards trajectory”.

Trading Education Dogecoin (DOGE) Price Predictions:

Now that we’ve seen what the top price prediction forecasters think will happen to Dogecoin in the next few years, what is most likely to happen 2022-2030?

Price prediction sites can vary hugely in their predictions as they use different methods of analysis to formulate their forecasts. This is why some of the predictions we have seen in this article are so vastly different.

Furthermore, some price prediction sites are just too bullish or too bearish — or sometimes just too cautious (cryptos, as we know, can be super volatile, making cautious predictions unrealistic at times).

So, where does that leave us? At Trading Education, we consider it all to give you the most realistic DOGE predictions for the next few years.

Dogecoin (DOGE) price prediction 2022

Dogecoin (DOGE) is expected to trade with bullish momentum and surpass $0.30 by the end of 2022. As per Dogecoin price predictions 2022, the price of DOGE might trade above $0.40 by the end of the year. The predicted high for 2022 might be around $0.53, and on the downside, the low might range from $0.18 to $0.168.

Dogecoin (DOGE) price prediction 2023

The price of Dogecoin (DOGE) is predicted to reach a maximum level of $0.773 by the end of 2023. The Dogecoin price can reach a minimum level of $0.33 in 2023.

Dogecoin (DOGE) price prediction 2024

As per experts, the price prediction of Dogecoin (DOGE) might continue the gradual upward trend. And as per our data, by the end of 2024, it would be able to cross the $0.90 mark. The predicted high for 2024 might be $1.039, and on the downside, the low might be around $0.41.

Dogecoin (DOGE) price prediction 2025

As per Dogecoin price predictions for 2025, the price of DOGE might reach between $0.54 and $0.63 by the very end of 2025. As per our prediction and price forecast, the predicted high for 2025 might be around $1.315, and on the downside, the low might be around $0.38.

Dogecoin (DOGE) price prediction 2027

As per our Dogecoin price prediction 2027, the token might be able to touch the $3.87 price mark on the upside, while on the downside, it might fall to $0.63. As per our Dogecoin price prediction and forecast update, the cryptocurrency might trade around $0.69 and $0.7520989045 by the end of 2027.

Dogecoin (DOGE) price prediction 2030

The top price predictions for Dogecoin (DOGE) in 2030 foresee DOGE dominating above $7.69 for most of the year. If the token does well, experts seem to suggest that a push to $24.23 could be possible. The lowest Dogecoin price prediction for 2030 is around $0.86.

According to the latest long-term forecasts and price predictions, the price of Dogecoin (DOGE) will hit $0.40 by the end of 2022 and then $0.773 by the end of 2023. Dogecoin will rise to $1.315 in 2025 and $7.69 in 2030.

Conclusion: Dogecoin (DOGE) Price Prediction Forecast

The below prediction figures outline some of the potential highs and lows of Dogecoin (DOGE) price prediction forecasts for 2022, 2023, 2024, 2025, 2027 and 2030 offered by technical analysts and industry experts.

Year High Low
2022 $0.75 $0.22
2023 $1.45 $0.45
2024 $2.20 $0.90
2025 $5.34 $1.34
2027 $8.10 $2.67
2030 $13.67 $4.24

 

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How Has The Price Of Dogecoin Changed Over Time? 

Dogecoin came to the market in late 2013. Its first few years were incredibly stagnant, with its price barely making it above $0! But as we can see from the graph below, which comes from CoinMarketCap, things started to gain traction at the very end of 2017.

SHIB coinmarketcap chart

After getting caught up in the first market-wide bull run, Dogecoin passed $0.01 for the first time. While the price changes were still minimal, its percentage growth was rather more impressive. On the 20th of March 2017, the asset was worth just $0.0000025237. By the 5th of July, it had increased to $0.00335187 — a staggering growth rate of 132,715.7% in just a few short months. 

At the time, this price was Dogecoin’s ATH. It later went on to hit a peak of $0.017 in January 2018, an achievement that placed its market cap at around $2 billion. However, like many other cryptos, it soon slumped back down and levelled out at around $0.002 for the next couple of years. 

DOGE dropped still further in March 2020, as the coronavirus crash sent the prices of many cryptocurrencies through the floor. By the 16th of March, it had fallen to $0.00176702, its lowest price since 2017. 

Dogecoin was already considered a joke, and its low prices weren’t adding any sense of legitimacy. For many investors, DOGE wasn’t worth a second thought — but the altcoin’s recent performance, as the world of crypto embarked on its second market-wide bull run, has commanded attention.

Renewed interest in DOGE came from its troupe of celebrity supporters on Twitter and the highly motivated Reddit group, r/Dogecoin. Dogecoin reached its current ATH of $0.7376 on the 8th of May 2021. Though DOGE rapidly lost much of that value, as with previous rallies, it didn’t drop to the same level as before, maintaining a fair degree of its price.

From June 2021 onwards, Dogecoin was hitting lows of around $0.17 and highs of $0.34 — far higher than the prices it started in 2021 of around $0.0047. By December 2021, Dogecoin had zeroed in on prices around $0.20, which leaves us at the asset’s current price of $0.2065.

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What Factors Can Affect The Price Of Dogecoin?

The price of Dogecoin can change according to a variety of factors. To make the most accurate DOGE price predictions and to answer the question ‘is DOGE a good investment?’ It’s best to be aware of those factors from the start. This will indeed make it easier to predict periods of growth or decline based on cryptocurrency trends and other events that can affect the price of the asset.  

1. Social Media Coverage 

Few cryptocurrencies are immune to the power of social media mentions. Even big names such as Bitcoin can see striking levels of volatility because of online interest, but Dogecoin — thanks in part to the strength of its online community — is more than sensitive to discussions online. 

When DOGE hit its former ATH in February 2021, it was partially spiked by apparent support for the crypto from Elon Musk, Snoop Dogg, and Gene Simmons on Twitter. Of the three, the attention Musk gave to DOGE has had the biggest impact on Dogecoin’s price. Back in January, the price of Dogecoin rocketed by 800% in just 24 hours after Reddit users were inspired by Elon Musk to start investing in the asset.

2. Hacking Attempts

As you’d expect, hacking attempts usually hurt an asset’s price. This is because it undermines investor confidence in the technology. But in December 2013, Dogecoin proved that all publicity is good publicity after millions of DOGE were stolen during a hack on its wallet platform, Dogewallet. 

The hacker infiltrated the system and edited the transaction page so they could send massive amounts of DOGE to a static account. The attack sent Dogecoin’s Twitter mentions through the roof, making it the most mentioned altcoin on social media. The Dogecoin community soon launched a campaign called ‘SaveDogemas’ which encouraged users to donate coins to people whose funds had been stolen during the hack. Within one month, the deficit had been completely made up, covering the total value of the stolen coins. 

That January, the trading volume of Dogecoin briefly surpassed that of every other cryptocurrency combined! This sent the price of DOGE to its then-ATH.

3. The GameStop Scandal

The GameStop short squeeze that occurred in January 2021 is also thought to have contributed to Dogecoin’s 800% daily growth. Spurred on by Redditors, people took a sudden interest in trading after posts on the subreddit r/WallStreetBets (WSB) encouraged people to trigger a short squeeze of (potentially) undervalued shares.

Although the focus of the scandal was the American video game store GameStop, analysts believe the sudden interest in investing spurred many people to put money into Dogecoin. This is because it’s one of the most accessible and ‘friendly’ cryptos, especially for people who are engaged on social media such as Reddit and familiar with the Doge memes.

Read more: Dogecoin (DOGE) Price Prediction for 2025 and 2030

Is Dogecoin (DOGE) A Good Investment?

Dogecoin has proven to be a very good investment so far, with the price expected to increase further in the long run. Experts agree that the value of DOGE looks bright and Dogecoin might prove to be a wise investment. Dogecoin is an investment with lots of potential rewards, but it’s something you should research before you consider adding Doge to your portfolio.

Since hitting its all-time low of $0.00008547 on the 7th of May 2015, DOGE is up 241203.18% and has generated an ROI of 36809.57% for investors, according to data from CoinMarketCap.

eToro – Top Cryptocurrency Platform to Buy Dogecoin 

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Virtual currencies are highly volatile. Your capital is at risk.

How To Buy Dogecoin (DOGE) With eToro

You could be well on your way to becoming the next Dogecoin billionaire in three simple steps with eToro — the easiest way by far to trade DOGE.

Step 1. Jump over to eToro’s website and click on Join Now → fill out the registration form. Note: You’ll need to upload proof of ID and address — this is to prevent fraud and comply with anti-laundering money laws.

Step 2. Deposit time. The minimum first-time deposit in the US and a few other countries is $50, though in most cases it is $200. Beware! In several countries the minimum first-time deposit is significantly higher, so check this before signing up!

Step 3. Get your hands on DOGE. On eToro’s platform, go to ‘Trade Markets’ → ‘Crypto’ → ‘DOGE Dogecoin’ and choose your terms.

Ta-dah! All done! Now you have some DOGE!

Key Points

If you remember anything from Dogecoin Price Predictions: How Much Will DOGE Be Worth In 2022 And Beyond? Make it these key points.

  • Dogecoin (DOGE) was invented in 2013 by two software engineers who forked Litecoin to create a fun and friendly altcoin that satirized the excitement surrounding Bitcoin.
  • Dogecoin’s current ATH is $0.7376 which it reached on the 8th of May 2021.
  • DigitalCoin expects DOGE to reach a maximum price of $0.4003146252 in November 2022.
  • WalletInvestor has forecasted a maximum price of $0.528 by the end of 2022.
  • By 2025, Cryptocurrency Price Prediction has made an outrageous price forecast of $11.11.
  • Elsewhere, Coin Price Forecast, DigitalCoin, and CryptoGround seem to agree a price between $0.54 and $0.63 is more likely in 2025.
  • By 2030, Cryptocurrency Price Prediction has given a maximum price prediction of $24.23.
  • Factors that can affect the price of Dogecoin include the number of social media mentions it receives, high-profile hacking attempts, and the GameStop scandal that occurred in 2021. 

We hope you found this article helpful! Whether you’re an existing or prospective investor, it’s clear this asset is in for an interesting future — proving that every dog will have its day.

Still have questions about Dogecoin price forecasts? Perhaps these frequently asked questions will help.

Dogecoin Price Prediction FAQ
Will Dogecoin ever hit 50 cents?
Will Dogecoin reach $1?
Will Dogecoin reach $5?
Will Dogecoin hit $10?
Will Dogecoin reach $100?
Is it smart to invest in Dogecoin?
Is it too late to buy Dogecoin?