will dogecoin ever reach 50 dollars

Once stability does return, it is possible that cryptocurrencies, including Dogecoin, begin to increase in value again, and possibly to an even higher levelthan what wasseen last year. Every $1 increase in the Dogecoin price would necessitate an additional $180 billion in 2030. This amount is over 20 times the global GDP of $87 trillion. This may include adverts from us and 3rd parties based on our understanding. Dogecoin continued its trade at $0.002 during the start of January. CRYPTO-SAVVY is an occasional series from Inverse that explains the world of cryptocurrency and where its going next. We could then see the Dogecoin price reach $0.6 by the end of 2023. Other adopters include Latvian airline airBaltic, electronics retailer Newegg, and luxury resort group the Kessler Collection. At the recent peak, it was worth more than 75 cents and the market cap more than $80 billion. 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. This is due to many reasons that we havediscussed in a previous article. ErgMaN_2point0 2 yr. ago. CaptainAltcoin.com does not offer any sort of financial or investment advice. While the dogecoin predictions from the likes ofDigitalCoinPriceareoptimistic, sites likeWalletInvestorare more gloomy. While it is generally agreed that Dogecoin can reach $1, the bone of contention is when this would happen. And earlier this week, Venmo (owned by PayPal) announced its more than 70 million customers can now buy Bitcoin, Ethereum, Litecoin, and Bitcoin cash for as little as $1. However, always remember to do your own research. ", Potts elaborated: "The limiting factor is that if the price does start to rise considerably (i.e. But a look at Dogecoin price prediction could give an idea of this. Every $1 increase in the Dogecoin price would necessitate an additional $180 billion in 2030. But the current market conditions are causing many to reconsider their stance. Can Dogecoin reach $100? But that might not happen very soon, especially not if the crypto winter persists. Putting aside this aforementioned focus on the cryptocurrency and its hype value, lets look at Dogecoin through a more traditional lens. Dogecoin reaching $1 is a distinct possibility. Speculators are still majority in the crypto markets and they dont care what they buy as long as they think it will bring them money. After all, the coin was worth only $0.005 on January 1, 2021, and $0.1715 by December 31. To date, more than 110 billion DOGE tokens have been mined and stand at a market cap of 49.31billion ($68.39billion). it was started with Wall Street Bets reddit investor group has pumped Dogecoin value along with targeting two stocks also and its price jumped as high as 850%. Dogecoin was created solely as a joke between two developers who never met in person. It is hard to say. No, Dogecoin will not reach $1 by the end of 2021: 31.7%. Bear in mind that past performance is no guarantee of future returns. Remember that price predictions often turn out to be wrong, and that prices can go down as well as up. Apple's revenue in the fiscal year 2022 totaled $394.3 billion globally. These include activity on the Reddit thread r/WallStreetBets among the #DogeArmy, the social media hype surrounding #DogeDay (April 20), and tweets from celebrities and brands, including Tesla CEO Elon Musk. According to the foundations website, it aims to provide: Support for the dogecoin cryptocurrency through development and advocacy, Dogecoin trademark defence to prevent abuse and fraud. 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. The price of DOGE in 5 years could lie around $ 0, according to CaptainAltcoins prediction model. Elon Musk once predicted that Dogecoin would be the currency of the world (and Mars). The team at CaptainAltcoin.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers. In this guide, we will voice our own and markets opinion on DOGE future while discussing Dogecoin price forecast for 2023 and beyond.Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Dogecoin.Now, lets head into it. Dogecoin does have some additional hurdles that it may need to overcome to reach $1. Tuesday morning was a good morning for Dogecoin investors, who saw Dogecoin trade for $0.53 more than half of a dollar, according to Forbes.. Dogecoin's recent rise. Redditors are determined on Thursday to take meme-worthy Dogecoin above $1. However, a major one is a seemingly ever-increasing positive cryptocurrency industry sentiment and, in turn, increasing prices of the coins themselves. DigitalCoinPricemade a dogecoin cryptoprice prediction that gave an average of$0.17 in 2023,$0.21 in 2024and $0.30in 2025, based on historical data. 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. Since its early days, the community has been vibrant and responsible for several amazing things. Most Dogecoin predictions are bearish. I also break down how its possible fo. However, it's impossible that Dogecoin will ever get to $100 per coin. Could Dogecoin Help You Become a Millionaire? It worked. Before we delve deep into the Dogecoin price prediction and answer questions if DOGE is a good investment or not, why will DOGE succeed or fail or why will Dogecoin price rise or drop, lets quickly throw a glance at what is DOGE and its to date history. Dogecoin price reached an all-time high of $0.45 in April 2021. I wish I woulda read this article in November or December..MucH WoW!!! 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). It is unreasonable to expect a long-term Dogecoin survival if that is the only hinge for the project. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. 583. The big break for Dogecoin came in 2021 when its price increased by roughly 3,000% over the course of the year. !To the MOoooooooooon. Conclusion: Yes, Dogecoin Can Reach $10. Shiba coin price for 2023 could range from $0.0000112 to $0.0000259 for the year. In February, after Musk tweeted Doge and Dogecoin is the peoples crypto, we saw a 50 percent surge in price. The rally was sparked by a . This is difficult because the mining reward is so attractive. 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). Here, we discuss Dogecoin's performance history and answer the question, can the Dogecoin price reach $1? As we've seen, this can push the token to new heights, but it can also quickly reverse whenspeculators lose interest. Apple's subscription services generated $78.13 billion in 2022. If we are honest, there is not much going on for Doge aside of this welcoming and ardent community. Remember that past performance is no guarantee of future returns. Because there isn't nearly enough money in the world, it would be nearly impossible for Dogecoin to reach $100. Markus added: "At this moment , many people will trade you a dime and two pennies for it, and you can directly buy from any number of merchants who integrate BitPay or Crypto.com payment platformscompanies like [computer and electronics online retailer] Newegg, [NBA team] Dallas Mavericks, etc. World richest person & owner of Tesla Elon Musk brings Dogecoin into Billion dollar worth crypto. It is worth buying only as a short-term speculation with a good exit strategy. At that time, CNBC highlighted how a $1,000 investment at the start of 2021 would have resulted in a 12,000% return. Now, there is no category that would gain at 30% per annum for 40 years in a row. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. Serum price being one of the prime competitor to Shiba Inu. 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. Owning it now would be a move based purely on speculation. In January, Reddit-based retail investorsthose who use their personal money to buy sharespoured funds into "meme stocks" such as GameStop (GME), and AMC in an attempt to disrupt U.S. hedge funds and corporate short sellers. (More on that a bit later). Although lower compared to other predictions, both estimates still imply upside potential over the current price. Now, there are also voices of more measured experts who indicate that over the decade, the. DON'T MISSElon Musk's Bitcoin investment ripped to pieces[REPORT]Where can I trade dogecoin? Some argue that Dogecoin does not stack up when compared to tried and tested digital currencies like Bitcoin. Jason Potts, economics professor and co-director of the Blockchain Innovation Hub at Royal Melbourne Institute of Technology (RMIT) University in Australia, told Newsweek he would be "surprised" to see the dogecoin price rocket to $1 levels because, unlike Bitcoin, there is no supply cap. Doge May Reach $1 Towards the End of 2021. The price plummeted to $0.07004 on 12 May as cryptocurrency markets reacted to the collapse of the terra luna cryptocurrency and the US dollar reaching 20-year highs. 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. Dogecoin isn't capped at a certain amount of coins like Bitcoin's famous 21 million supply. John Finn is a technology editor and writer for Screen Rant. 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. SecuX V20 & W20 Review Is This Hardware Crypto Wallet Safe & Legit. DOGE Price Prediction, integral to Dogecoin's rise to popularity, moving from proof-of-work to proof-of-stake. Presently, Dogecoin is trading above its 200-day simple moving average, and its performance in the last three years is over 3,000%. Yes. 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? There is no real way of predicting where Dogecoin is headed and analysts fear DOGE's gains this year are fuelled by hype and speculation, rather than genuine value, and that could lead to the bubble bursting. F or several analysts, there is a high probability that Dogecoin will reach $1 per coin. John has been covering technology since 2014 and focuses on where tech meets the movie and TV industry. The difference between trading assets and CFDs. By December 2025, Dogecoin is expected to reach a value of $0.547 max. But this has not stopped the speculation among many investors that Dogecoin will moon. You can find John on Twitter @J_Finns or email at john [at] screenrant [dot] com. 763,393 views Jan 29, 2021 Can Dogecoin reach $10? To reach $100 by 2030, then, there would have to be $18 trillion invested in Dogecoin. There were even some reports the value was closer to $0.19, as I explained for the Deseret News. Could the price of one dogecoin ever reach $1? Will Dogecoin Reach $1? For many in the more traditional financial space, it may be difficult to comprehend the rise of Dogecoin. A look at the 4-hour chart of Dogecoin (DOGE) reveals that the price formed a bearish chart . But how realistic are these beliefs? 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. 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. It has also inspired thousands of other meme coins. But theyre afraid of betting against it with money, especially with a backer as powerful as the Reddit crowd that initiated the epic GameStop short squeeze. And never invest money that you cannot afford to lose. | BTC Price Analysis, Laxmi Coin Price, Launch Date, ICO, How to Buy Laxmi Cryptocurrency, Pi Network Price Prediction 2023, 2025, 2030, 2040, 2050, Bittorrent (BTT) Coin Price Prediction 2023, 2024, 2025, 2030, 2050, Cardano (Ada) Price Prediction 2023, 2025, 2030, 2040, 2050, Bitcoin SV (BSV) Price Prediction 2023, 2024, 2025, 2030, 2050, Maker (MKR) Price Prediction 2023, 2025, 2030, 2040, 2050. Retail investors, who are easily swayed by what they see or hear on social media, will flock to Dogecoin in order to get rich quick. In fact, it is impossible to predict the price of an asset 40 years from now. The basic economics ofDogecoin have artificially createdan uphill battle. To reach $100 by 2030, Dogecoin would need to have $18 trillion invested in it. Next: Apple User Lost $650k In iCloud Crypto Scam. No, judging by the team activity on social media, github, their own website. Dogecoin has had a robust community behind it since its early days. Whether Dogecoincan bounce back enough to finally reach the Moon is unknown, though the possibility shouldn't be ruled out. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. The rise continued in the following weeks, with the Dogecoin price rising above $0.097. The biggest threat to Dogecoin is one of their biggest advantages: their use case. George Retweeted. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. But while it lacks the dominance of Bitcoinwhich is priced at more than $60,000 per coinexperts say it is still a legitimate form of currency. Update: January 26, 2022 - Dogecoin (DOGE) is the father of all meme coins and it remains the preferred one for many people. This is a joke coin never meant to stay alive this long, nor to reach these market caps and market exposure. 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. The dogecoin news in the wake of Musks takeover of Twitter was initially positive, withthe price rallying to a high of$0.1572 on 1 November before the collapse of the FTX exchange saw it trade at about$0.07665 on 21 November. How high will dogecoin go? That's an increase of nearly 1,442% since its . That in turn dilutes its value. The current price of Dogecoin sits at $0.085 USD, which issome ways away from its primary goal of hitting the $1 marker. Last week, he bought over $5,300 worth of dogecoin when it was . This is especially important because DOGE has little utility presently, and more utility will likely increase its chance of growing up to $1. Dogecoin prices have broken through the $0.50 level but will they go higher? However, due to the large supply, which is ever-increasing, the market cap would have to grow larger than 1.3 trillion USD. Maximum Lengths, Explained, Spotify AI DJ: How The New Feature Works (And Where To Find It), What Happened To Snapchat Games? 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. Since its creation in December 2013, it has risen 42,000% in eight years, so significant price appreciation wouldn't be unprecedented. The coin traded in a $0.06-$0.07 range until a brief rally in meme stocks and coins driven by retail investors on social media brought the price up to $0.08864 on 16 August. now we have question that Can Dogecoin keep surging to reach $1 USD or even $1000?. The DOGE rally has prompted a frenzy of memes and tweets from the token's backers. There is a good chance of Dogecoin reaching $5 in the next few years. 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. CoinPriceForecast was far less bullish in its DOGE coin price prediction. The Doge Day 4/20 event that fans had hoped would help drive the tokens price to $1 turned out to be underwhelming as the price actually fell. On Monday, April 19, Dogecoin's market capitalization (equated by multiplying a coin's current price by its circulating supply) hit $50 billion for the first time, with the coin itself hitting. So doge would have to grow 5x ETH to hit 10 bucks. Everything you need to know, Elon Musk 'wrong' to think DOGE is the 'currency of the internet', DOGE's gains this year are fuelled by hype and speculation, HMRC to demand cryptocurrency holding data from taxpayers. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. In the long-term (8-10 years), it will most likely drop to 0 or thereabouts. What has propelled blue-chip cryptocurrency bitcoin lately is uptake by big investors. Of course, this was in part due to the help of Elon Musk. It has a huge community and it has huge support from Tesla CEO Elon Musk. Investors are selling risky assets and moving into more stable markets. "I can't pass up a good bargain," Contessoto said. Making the world smarter, happier, and richer. Built by software engineers Billy Markus and Jackson Palmer during the early Bitcoin craze and featuring a "mascot" of the then-popular meme featuring a Shiba Inu dog, the coin was originally conceived as a meta-joke about monetary value and the internet. To answer the question at hand, one could look at the coin using the more traditional factors usually considered when evaluating the strength of a digital currency offering, factors like blockchain protocols, use case, price action, circulating supply, and strength of the development team. We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. At the same time, with the nature of cryptos being as unpredictable as they are, the possibility of Doge reaching its $1 moon, and even eclipsing it, remains astrong possibility as well. If you are considering investing in cryptocurrency coins or tokens, we recommend that you always do your own research. With bearish sentiment taking hold of crypto markets, DOGE traded down to $0.04972 on 18 June, its lowest level since early 2021. the average trading price will be $0.497. AlthoughDogecoin(DOGE 0.42%) wascreated as a joke in 2013, with the intention to be a fun competitor to the top cryptocurrency,Bitcoin(BTC -0.03%), little did the developers know that thismemecoinwould absolutely surge in popularity. However, the impressive price performance was not enough to make it worth $1. One phenomenon seen over the years is the correlation between how much a coin is talked about, whether that be measured by mentions on social media or trends on Google, and its price. So it arguably isnt in the same league as Bitcoin, and is, in turn (according to some) not a wise long-term investment. 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. After all, the coin was worth only $0.005 on January 1, 2021, and $0.1715 by December 31. It seems unlikely that. At its recent peak, DOGE boasted returns of more than 8,000 percent for 2021. DOGE returned to the headlines in September 2022 as an amended lawsuit against Tesla (TSLA) CEO Elon Musk filed in a New York court added seven new investors as plaintiffs, as well as six new defendants, accusing them of racketeering. Speculation. What started as a joke in December 2013 has grown to become one of the top ten cryptocurrencies in the world based on market cap. If you rely on the information on this page then you do so entirely on your own risk. All content on CaptainAltcoin is provided solely for informational purposes. Do you have a set of predictions for Doge? But Dogecoin is unique, and being in a category all on its own, a more all-encompassing assessment requires one to look at other less-traditional influencing factors. It has a circulating supply of 132,670,764,300 DOGE coins and the max . Let's explain. Can Dogecoin Reach $10? Our algo still sees a some green in 2023, especially in the second part of the year. Lets Get @amazon To Accept #DOGE https://t.co/llxEFwUdOQ. But there are some: one advocate and enthusiast is entrepreneur and investor Mark Cuban, who announced in March that his team, the Dallas Mavericks, would begin to accept the coin as a form of payment. Apple User Lost $650k In iCloud Crypto Scam, How Long Are Instagram Story Videos? ", Join half a million readers enjoying Newsweek's free newsletters. But DOGE quickly dropped back to trade at around $0.06 again. No. For some perspective: the market cap of the second-largest cryptocurrency, Ethereum (ETH), is currently $280 billion, and the market cap of the leading cryptocurrency, Bitcoin, is hovering around $1 trillion. 2020. This is reflected in our 2023 predictions. Will Dogecoin ever reach $100? One of the reasons Dogecoin and other cryptos have suffered in recent months is the instability of the market in general. The majority of projects will fail some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market. $10 per Dogecoin is also likely within this decade. Lets now take a look at some of the dogecoin price predictions that were being made as of 21February 2023. Dogecoin is an inflationary asset, so there is no cap on how many can be made. The initial hype surrounding an integration of Dogecoin on Twitter has flattened out in recent months. Since its creation in December 2013, it has risen 42,000% in eight years, so. Bitcoin is approaching a $1-trillion market cap, is increasingly becoming a tool todiversify institutional portfolios, andhas a growing set of infrastructure andfinancial products supporting it. Dogecoin is not a good investment in our opinion. That could also drive its price. As aresult,demandwouldneedto outpace a rapidly growing supply base. This shows the impact that a Twitter integration could have on DOGE price. 306. After a strong rally in the middle of the month, the DOGE was able to climb to more than $0.091. Depends on the definition of the moon. We can confidently say that Dogecoin's price would never rise more than $10/Doge. No, our prediction model sees no possibility for Dogecoin to reach $100 in the short or mid-term period. To put the meteoric rise into perspective, software engineers Billy Markus and Jackson Palmer conceived the token as a joke in 2013. Lets take a look at some of the dogecoin price predictions and find out some more about the coin, too. Dogecoin's 10,000 Rule Currently, miners earn 10,000 DOGE per block, which happens about once per minute. A Psychology graduate from England who now lives in the US, John previously worked in the aviation industry as an airline reviewer. Please note that some links on CaptainAltcoin.com are affiliate links. The problem is, every time the price goes up,it seems to drop down again soon after. For comparison's sake, there are more than 200millioncompaniesworldwide, according todata from Statista. But Dogecoin communities is always a nice place for a good laugh it is a meme kingdom of cryptocurrency world. Should it? The market has yet to decide whether it will continue its downtrend or start an uptrend this year. It is important to remember that price forecasts, especially for something as potentially volatile as cryptocurrency, very often turn out to be wrong. DOGE is 69 cents right now. As the project took on a life of its own, building up a large community, Markus and Palmer left the project and there was no development on the protocol. While the Doge Army could successfully campaign to boost its price, any increase may be short-lived. The altcoin has an unlimited supply and thousands of new tokens come to market every day. Its first major. This includes sponsoring the Jamaican Bobsled team to the Olympics, building new wells in Kenya, and sponsoring a car at NASCAR. Just over a week ago, Musk tweeted, "Doge Barking at the moon, which boosted the coins price some more. Will it rise? We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. How high can Dogecoin price go? We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. Last week, in a significant move for the industry, crypto trading platform and exchange Coinbase fetched an $85 billion valuation in its stock market debut. The answer lies in its astonishing returns. It's currently trading at 5 cents, and Bitcoin at one point in time was worth 5 cents as well and is now $37K.so. It's exceedingly hard to create a corner and bid something up unless you control a significant part of the supply, which was the case in the GameStop fiasco.". Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up. There's a high probability that Dogecoin will reach $1 per coin. The global GDP is . Learn More. There is a possibility for the price of Dogecoin to reach $1 if the previous market performance is anything to judge by. Lets now cast our eyes over some of the DOGE price history. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Prediction: These 3 S&P 500 Stocks Will at Least Double in 7 Years, Can Dogecoin, valued at more than $19 billion and now the world's 12th-most valuable cryptocurrency (as of Jan. 10), eventually, Additionally, having Dogecoin's merits heavily influenced by. These predictions seem so nonsensical at this point. If it's worth 127 billion, adding $5 billion will increase the value so of 127 billion is (For example) making doge worth $200 then raising the cap increases the value due to the amount of Fiat that goes into it. The first of the dog-themed meme coins, DOGE was originally launched in 2013 by software engineers Billy Markus and Jackson Palmer, who worked at IBM (IBM) and Adobe (ADBE), respectively, as a satire on the proliferation of alternative coins (known as altcoins) attempting to ride on the success of bitcoin (BTC). So, for $100 per Dogecoin, the total . There are many DOGE skeptics out there, including Mike Novogratz. READ MORE:Bitcoin warning: Musks Dogecoin control will not be tolerated. Given his influence and continued and active support for Dogecoin, especially during a bull market. Why The Feature Disappeared. According to our long-term forecasts, Dogecoin will reach $0.12 by the end of 2023 and $0.21 by the end of 2025. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Since 2021, crypto market continues to have bull run, as Bitcoin breaks $20k resistance level and heading to reach $100k USD. ", The professor conceded that it was not impossible, however. 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. It was not entirely clear what sparked the surge, but the cryptocurrency was mentioned online this week by some high-profile users, including tech billionaire Elon Musk, the "Wolf of Wall Street" stock trader Jordan Belfort and meat snack company Slim Jim. 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. At its height in May of last year, Dogecoin hit $0.64 USD, a price that was much closer to its $1 target price. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Dogecoin (DOGE) Price $0.089 Market Cap $12.29 B Continue Reading From The Original Source But some believe there is an even greater potential for gains. Most Dogecoin predictions are bearish. Check out what's holding Dogecoin back of late and whether Dogecoin has a path to . Fans of the altcoin are trying to get Amazon to to accept it. This lack of a supply cap is one more reason why some people are skeptical of the cryptocurrencys massive rally and worry that people buying it will ultimately lose big. Sending DOGE's price to $10 may be the next target for the fans if it hits the initial milestone. 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.

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