Will Dogecoin go up or crash? Read our Dogecoin Price Predictions 2021 – 2025
Are you looking for the top Dogecoin price predictions in 2021? 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. Find out the top DOGE Price prediction forecast for 2021 and beyond and discover how much Dogecoin could be worth in 2021-2025.
The meme cryptocurrency Dogecoin 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 2021-2025?
Whatever you think about Dogecoin (DOGE) — the altcoin that was created as a satirical alternative to Bitcoin — its recent performance has been impossible to ignore. At the time of writing, the coin’s price is $0.368 and its market capitalization is $48.5B. That makes it the world’s 6th largest cryptocurrency, placing it ahead of respected assets such as Cardano, Litecoin and TRON.
Since December 2020, Dogecoin has hit a series of new all-time highs (ATHs), enjoying a growth rate that rivals that of big names such as Bitcoin! As the market-wide bull run doesn’t appear to be slowing down, many people are starting to wonder what could be 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 2021-2025. 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 five years.
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 meme dog ‘Doge’ as their inspiration.
Although there is definitely a stark satirical element to DOGE, it’s still a fully functioning cryptocurrency with its own online community. It was built on the Luckycoin protocol, which is itself built on the Litecoin platform. 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. However, it 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.
Despite its lighthearted origins, Dogecoin has attracted vocal supporters. Both Elon Musk and Snoop Dogg have previously promoted the asset to followers on Twitter, driving up interest in the true ‘underdog’ of the crypto world.
Read Also: Bitcoin vs Dogecoin
Short-Term Dogecoin Price Predictions: 2021
What are crypto experts forecasting for DOGE in 2021?
After a record-breaking performance at the start of 2021, what do the top cryptocurrency analysts expect to see in the coming months? According to Digital Coin Price, the outlook is bright, with the asset set to achieve a new ATH before the end of the year.
Digital Coin Price’s calculations suggest that Dogecoin will fluctuate between a yearly low of $0.42 and a yearly high of $0.75 in 2021.
Both of these values are higher than DOGE’s current price of $0.350, but it wouldn’t be unprecedented for the asset to reach these heights again.
According to BeinCrypto, Dogecoin reached a new ATH of $0.86 on 7th June. Although its price has since tumbled down, its recent jump could mean it’s more likely that we’ll see similar prices in the near future.
Digital Coin Price clearly thinks so. It’s based its predictions on historical data and expects to see lower levels of volatility than we have done recently, with the price of Dogecoin staying consistently above $0.64. In terms of its price, this would make 2021 the asset’s most successful year to date — suggesting it could hold on to its new 4th-spot status.
Trading Beasts also seems optimistic about Dogecoin’s future this year. Although its average predictions aren’t quite as bright as those from Digital Coin Price, it never expects the asset to fall below its current price, even according to its minimum forecast.
Dogecoin Price Predictions for 2021:
|Month||Minimum Price||Maximum Price|
As we can see, Trading Beasts has predicted a potential yearly low of $0.23 in May 2021 and a potential yearly high of $0.47. This isn’t as high as Digital Coin Price’s maximum prediction ($0.58, which it expects to see in December 2021) it is good news for Dogecoin investors, more than double its current price.
Trading Beasts also predicts that we’ll see relatively low levels of volatility. The biggest monthly percentage change is scheduled for December 2021, when the platform expects a change rate of 28.42%. This might sound significant, but compared to the recent volatility (back in 2020, the asset doubled in price in just a few days), this forecast is reasonably stable.
For the majority of the year, Wallet Investor apparently thinks the same. From its price prediction chart, it clearly believes that the price of Dogecoin will recover after its initial slump back down to $0.15, continuing to climb throughout the year.
This prediction is reassuring news for anyone who’s wondering whether Dogecoin’s bull run is over. From March onwards, the outlook is much brighter, with Wallet Investor expecting the price of DOGE to climb month-on-month throughout 2021.
By the end of December 2021, the platform has listed the following minimum, maximum, and average prices:
- Minimum: $0.44
- Maximum: $0.60
- Average: $0.526
None of these figures is sky-high, but they at least suggest that the value of Dogecoin won’t crash and burn in the coming year. Its minimum price is lower than its current price, but not considerably — suggesting that DOGE has left its pre-bull run prices behind (at least in the short term).
What will happen to the price of Dogecoin in 2021?
According to the predictions, the price of Dogecoin is likely to increase in 2021. Although the forecasts vary when it comes to DOGE’s yearly high, the consensus is that the asset’s bull run isn’t over yet. We could expect to see the value of DOGE increase to anything between $0.36 and $0.8.
Will the price of Dogecoin go up in 2021?
It seems likely that the price of Dogecoin will go up in 2021, potentially to $0.84 if Digital Coin Price is correct.
Additional Dogecoin price predictions for 2021 include:
- Previsioni Bitcoin: $0.1283
- Coin Price Forecast: $0.291
- Coinpedia: $1
Long-Term Dogecoin Price Predictions: 2022-2025
What are crypto experts forecasting for Dogecoin in 2022 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 2022-2025. Digital Coin Price may have given one of the most optimistic forecasts for 2021, but how do its long-term predictions compare?
Digital Coin Price believes the future is bright for the price of DOGE. According to its analysis, the asset will continue to climb between 2022 and 2028 — promising news to anyone who’s wondering ‘what will Dogecoin be worth in 2030?’ The platform has listed the following average prices for each year:
- 2022: $0.48
- 2023: $0.603
- 2024: $0.727
- 2025: $1.143
- 2026: $1.173
- 2027: $1.071
- 2028: $2.223
As investors debate ‘will Dogecoin reach $1?’, Digital Coin Price clearly expects this milestone to be on the horizon. Its predictions show steady progress year-on-year, with a bearish adjustment in 2027 that apparently paves the way for significant growth in 2028.
Although the graph suggests that we’ll see relatively high levels of volatility from 2022 onwards, 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.
In fact, the platform thinks the Dogecoin price will be $0.62 in 2021, rising to $1.88 by the end of 2022, $1.103 by the end of 2023, $2.127 by the end of 2024, and an impressive $3.143 by the end of 2025.
The Italian investment analysis site, Previsioni Bitcoin, is also optimistic about Dogecoin’s long-term prospects. Its forecast places the price of DOGE at over $0.5 for the duration of 2022.
Previsioni Bitcoin has predicted a yearly low of $0.425 in January 2022 and a yearly high of $0.610in May. Lots of analysts believe that $1 could prove a resistance point for DOGE, so it’s encouraging to see that Previsioni Bitcoin, like Digital Coin Price, expects the asset to break through.
But although the platform expects DOGE to remain above $1, we can see a clear downward trend starting from June 2022. Could this mean that 2023 will signal a bearish trend? Maybe. Previsioni Bitcoin has predicted that DOGE will open the year at a value of $0.99, eventually falling back down to $0.72 by July. The good news is that the asset will start to recover from this point on, eventually closing the year at a respectable price of $1.133. However, this is a little disappointing when compared to its 2022 high.
For another long-term Dogecoin price prediction, we’ve turned to Coin Price Forecast. The platform has listed the following figures for the price of DOGE in 2022-2032:
- 2022: $0.440
- 2023: $0.471
- 2024: $0.593
- 2025: $0.508
- 2026: $0.704
- 2027: $0.833
- 2028: $0.833
- 2029: $0.808
- 2030: $0.947
- 2031: $1.134
- 2032: $1.338
As we can see, Coin Price Forecast is far more optimistic about Dogecoin’s prospects. Forget $0.1 — this platform believes DOGE will almost reach $1 in the run-up to 2030, eventually hitting $1.0381 by 2031.
For 2025, it’s predicted that Dogecoin will hit $1.5665 in the middle of the year, slumping a little to $0.5081 by December. However, this minor dip won’t last long; 2026 will signal further growth, with the asset hitting an impressive $0.7 before the year is out.
In fact, The platform thinks the Dogecoin price will be $1.24 in 2021, rising to $2.44 by the end of 2022, $1.471 by the end of 2023, $2.593 by the end of 2024, and a remarkable $3.51 by the end of 2025.
What Will Happen To The Price Of Dogecoin In 2025?
The majority of predictions expect the price of Dogecoin to climb in the run-up to 2025. According to these forecasts, we could see DOGE hit anything between $1.1426, according to Digital Coin Price and $2.5 based on Coin Price Forecast.
Although Previsioni Bitcoin believes DOGE could slump during 2025, the predictions are overwhelmingly positive.
Will The Price Of Dogecoin Go Up In 2025?
Financial experts and analysts suggest that the price of Dogecoin will go up in 2025.
Additional Dogecoin price predictions for 2025 include:
- Wallet Investor: $1.09
- Trading Beasts: $2.124
- Coinpedia: $20
Conclusion: DOGE Price Prediction Forecast
The below prediction figures outline some of the Potential high and low of Dogecoin price prediction forecasts in 2021, 2022, 2023, 2024 and 2025 offered by technical analysts and industry experts.
As a long-term investment, Dogecoin's price could perform very well. According to its predictions, the value of the Dogecoin token could rise to $0.8 by the very end of 2021, rising to $1.10 in 2022, and achieving a mean price of $3.52 by 2025.
How Has The Price Of Dogecoin Changed Over Time?
Since its launch in 2013, the price of Dogecoin has remained relatively underwhelming. As we can see from this graph from Coinlib.io, its performance was completely minimal in the first four years of its life. In 2017, the asset started to gain real value for the first time, getting swept up in the first market-wide bull run that sent crypto prices soaring:
Like most cryptocurrencies, Dogecoin rocketed in value between 2017 and 2018. On 20th March 2017, the asset was worth just $0.0000025237. By 5th July, it had increased to $0.00335187 — a staggering growth rate of 132715.7% 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 which 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 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.
From April onwards, the price of DOGE has been increasing steadily, eventually closing the year at a value of $0.00572077. This was only the beginning. The start of 2021 has taken Dogecoin to a series of new ATHs, with its current ATH reported to be $0.086 (the asset hit the milestone in February). Although its price today has fallen from these heights, it’s still considerably more valuable than it was last year, and has the market capitalization to prove it.
What Factors Can Affect The Price Of Dogecoin?
The price of Dogecoin can change according to a variety of different factors. In order 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.
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 as a result of online interest, but Dogecoin — thanks in part to the strength of its online community — is more than usually sensitive to discussions online.
When DOGE hit its ATH in February, it was partially spiked by apparent support for the crypto from Elon Musk, Snoop Dogg, and Gene Simmons on Twitter. Although Elon Musk has since claimed that he was making a joke about the crypto, his attention to DOGE online has had a noticeable impact on the 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.
As you’d expect, hacking attempts usually have a negative effect on 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 huge 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, as we can see on this chart from Cryptoground:
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 GameStop, the American video game store, 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.
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- DOGE was invented in 2013 by two software engineers called Billy Markus and Jackson Palmer, who wanted to create a fun and friendly altcoin that satirized the excitement surrounding Bitcoin.
- Dogecoin was built using Litecoin technology, is mined, and has an infinite supply to prevent inflation.
- Digital Coin Price’s calculations suggest that Dogecoin will fluctuate between a yearly low of $0.067132 and a yearly high of $0.084 in 2021.
- FX Empire agrees that DOGE’s recent fall back down to $0.050 looks like a minor pullback, though doesn’t rule out the possibility of a full reversal.
- Trading Beasts has predicted a potential yearly low of $0.0510 in May 2021 and a potential yearly high of $0.0804303.
- By the end of December 2021, Wallet Investor believes Dogecoin will have an average price of $0.0526.
- Digital Coin Price expects Dogecoin to reach $0.1 by 2023, continuing to climb in the run-up to 2030.
- Previsioni Bitcoin has predicted a yearly low of $0.125 in January 2022 and a yearly high of $0.21 in May.
- Coin Price Forecast believes DOGE will almost reach $1 in the run-up to 2030, eventually hitting $1.0381 by 2031.
- Factors that can affect the price of Dogecoin include social media mentions, its previous hacking attempt, and the recent GameStop short squeeze scandal.
We hope you found this article about the top Dogecoin price predictions 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.
Will Dogecoin reach $1?
According to the predictions, it seems plausible that Dogecoin will reach a price of $1. The current consensus from platforms such as Digital Coin Price and Previsioni Bitcoin is that the asset could reach $1 milestone by 2022.
Will Dogecoin reach $5?
Dogecoin could potentially hit the $5 mark, though not in the short-term. The most optimistic predictions believe that Dogecoin could reach $5 shortly after 2030.