The sleeping meme coin giant seems to be waking up, gaining over 30% this past week. In this updated Dogecoin price prediction for 2024 and ten years after, we try to find the reasons and see what opinions there are about the future market price of DOGE.
All Dogecoin Price Predictions 2024–2034
- The divergence between moderate and bullish Dogecoin predictions cannot be more obvious. The current price record is to be beaten in ten years according to the former or this year according to the latter.
- In the moderate Dogecoin forecast, the people’s crypto will slowly but surely gain value, although not at the tempo holders may want it to.
- However, as far as the bullish Dogecoin forecast goes, $1 will be reached this year and past 2030, even double-digits are not off the table.
What is Dogecoin (DOGE)?
Dogecoin (DOGE) is a cryptocurrency, built on Luckycoin (a fork of Litecoin) code. Jackson Palmer joked about it on Twitter in 2013, and Billy Markus helped to code but they never expected Dogecoin to become this successful.
Dogecoin is a Proof-of-Work cryptocurrency, meaning its blockchain is propagated and secured by mining. Dogecoin is merge-mined with Litecoin, using the same hashing algorithm scrypt.
In 2014, Dogecoin found its niche in tipping. Over the years, the meme went out of the spotlight and initial developers abandoned the project. However, in 2022 the coin saw a developer revival, reigniting the hopes of the community.
Dogecoin stayed afloat thanks to the people who formed one of the most welcoming and devoted communities in crypto. You can read more about Dogecoin in our beginner’s guide.
Dogecoin Price History
DOGE Price in 2013–2016
The Dogecoin price journey can be divided into several periods. The peak soon after the launch on December 6, 2013, can be explained by the coin’s novelty, meme value, and even a quickly discovered use case.
Back then, its value quickly rose to 228 satoshis or $0.001964 from a starting price of $0.000603. Soon after the pump ended, things started to look less hopeful for Dogecoin. Before 2017, its value used to grind against fourth-place decimals of a dollar for years. A pump in early 2016 took the price up from $0.0001481 to $0.0004551, but it didn’t last for long.
DOGE Price in 2017–2020
On average, the DOGE price in 2016 and 2017 was a bit higher than in the two previous years. It can be interpreted as a sign of Dogecoin somewhat solidifying its position. 2017 was a year that changed a lot for cryptocurrencies, including Dogecoin. With more listings and rising interest in the whole cryptocurrency market, Dogecoin got involved in more trading.
Its price spectacularly soared in sync with Bitcoin in early 2018 to $0.018773. The opening price in 2017 was $0.000223, and the closing was $0.008972, an increase of 4000%. This would not be the last time Dogecoin’s price followed BTC’s, like in August of the same year. In 2018, DOGE established a consistent price range of around $0.002–$0.003.
Since mid-2019, Dogecoin has been trading sideways, while still under the influence of general crypto market trends (bullish rally and the pandemic crash in March 2020, for example). Time and time again, experts expected the accumulation trend to resolve in a new pump.
The first time their predictions came true seemed to be in July 2020. However, this was not a result of some technical or fundamental change. Dogecoin became popular with Investing TikTok, a slew of the viral video app user base dabbling in stocks. DOGE doubled in price to $0.00448, and after returning to the old range near $0.003, Dogecoin rose to that high again only at the close of 2020.
DOGE Price in 2021–2024
In 2021, though, Dogecoin went up in a way that can only be described as vertical. First, DOGE was influenced by the Bitcoin rally (again) and rose to $0.012 in January. Around the same time, billionaire Elon Musk started mentioning Dogecoin more often than ever. He would sporadically tweet about Dogecoin in 2019 and 2020, but the frequency of posts led everyone to believe he shills the coin.
By February, Dogecoin was picked up by the WallStreetBets movement to previously unseen heights. Dogecoin renewed its ATH seemingly every month until it reached its peak at $0.7316 on May 8, 2021.
But everyone knows that what goes up must come down. In 2022, the trend across the crypto market got it stuck in a downward channel. Dogecoin did not become an exception to this and lost more than 80% of its ATH price.
It seemed the fate was sealed, until late 2022. The sleeping giant woke up once Dogefather Elon Musk started to appear in the news again. This time, the news about the finalized Twitter deal fuelled speculation that bigger things are in store for the new owner’s favorite cryptocurrency. And this has proved to be true: on the day when the new website owner replaced the logo with the Doge meme, DOGE rallied 20% to 30% in a single day.
But these short-term rallies end up blips on the radar in comparison to the larger picture. This cannot be said for the current Dogecoin price action: since late February 2024, the sleeping giant seems to have woken. At the time of writing, Dogecoin ranks 8th by market cap. A single DOGE is worth exactly 1 DOGE… or $0.2015 if we’re being serious.
Now let’s look at the most impactful reasons DOGE can swing either way and after that, what predictions experts give, based on that.
What Influences the Price of DOGE?
Internet Popularity
Time and time again, Dogecoin is remembered for what it is: an approachable and accessible altcoin. The meme origin also helps build the image detached from the stereotypical stock and cryptocurrencies, making it even more appealing. Back in the day, TikTok and WSB picked DOGE up for these reasons exactly.
This factor is by no means fundamental but history shows it surely influences the Dogecoin price. Not to mention that in early 2021, Dogecoin would be frequently mentioned by Elon Musk. The effect was observed even when Musk bought a 9.2% share in Twitter, which seemingly has no direct connection to DOGE. In late 2022, however, all fundamentals and cryptocurrency market trends were crushed by the DOGE hype when the Twitter deal came through.
The days of Twitter are long gone, as now X is striving to become “the everything app”. Payment integration, which would include crypto, has been teased time and time again. Given Musk’s attitude to the meme coin, should it ever be implemented, DOGE is the first in line to be enabled. Or, so the fans believe.
Increasing Market Exposure
The trading volume has increased significantly during the last two years. More exposure means both more opportunities to buy the coin and more awareness.
DOGE pairs are dominated by crypto pairs, which used to be a problem since it wasn’t easy to purchase DOGE with fiat. These days, your best option is to buy Dogecoin with BTC and USDT, and stablecoins are accommodating capital at an avalanche-like rate.
Dogecoin trading massively boosted the revenues of Robinhood brokerage. However, the broker has not had crypto withdrawal for a while and has a history of halting trading during peak volatility. Nevertheless, it is still one of the largest platforms to trade Dogecoin.
This year alone, the news of large transfers of DOGE to exchanges caused its price to rise noticeably.
Combined with the market sentiment, it seems that this is a precursor to an even more impressive price rally.
Dogecoin Adoption
If we are talking about mainstream adoption outside the crypto market, Dogecoin is doing well. According to the statistics provided by Cryptwerk, the number of merchants and payment gateways that accept it is steadily growing. At the moment, there are 2,539 points of purchase where you can buy goods and services with DOGE registered with Cryptwerk. A year ago, there were 2,317 entries.
In addition to X payments in DOGE, Tesla may start accepting Dogecoin, according to this comment by Musk. The price immediately reacted by jumping from $0.168 to $0.18. A high-profile use case like that can do wonders for the DOGE price and reputation.
After a decade on the market, the data suggests that Dogecoin has led the crypto tipping use case. The raw number of transactions on the Dogecoin blockchain is on the rise. And to make it even more widespread, the Dogecoin Foundation has released GigaWallet. Despite its name, it is not a crypto wallet but rather a software solution to help make Dogecoin adoption easier for online shops, exchanges, social media platforms, and the like.
Dogecoin Price Analysis and Forecast
On the daily chart, the DOGE price chart is running up against a 1.618 Fibonacci extension from the previous price peak. So let’s zoom in and check where we can expect the Dogecoin price to go next.
Assuming the first major resistance breach as the reference point, a potential extension of the price surge can take DOGE to $0.26. At the same time, a strong pullback caused Dogecoin to touch the 0.5 extension, which is now an established support level ($0.12). Another pullback like that can curb the rally and bring DOGE to $0.135 or $0.156.
Dogecoin Price Prediction 2024
Cryptonews analysts are confident that DOGE has the potential to reach $1 during the current market cycle. Considering the current ATH of $0.75, this does not seem too far-fetched. To reach it, DOGE’s market capitalization has to reach $143 billion, while at the previous peak, it was $88.8B.
Another short-term forecast by AMBCrypto relies on on-chain signals, such as Market Value to Realized Value (MVRV) and Coin Age Consumed. Both metrics signal the possibility of selling pressure making a comeback before a larger move. The near-term resistance (turned support at the time of writing) for DOGE is $0.18 and a bearish target is $0.16.
A short-term YouTube Dogecoin prediction by Pingu Charts emphasizes the $0.21 target. The reason is simple: it has been a long-term support turned resistance level since at least two years ago. He does not expect DOGE to smash right through it or hold it for long, and $0.19 is the target to watch in case it goes down.
Dogecoin (DOGE) Price Prediction 2025
Analytics service CoinCodex has a moderately bullish Dogecoin forecast a year from now. 2025 will open with DOGE at $0.3717 on average and by April, it will slightly backtrack to $0.3651. In 2025 as a whole, DOGE is expected to trade between the minimum price of $ 0.167686 and the maximum price of $ 0.821016.
As is typical for Dogecoin, Techopedia claims that the DOGE price will benefit greatly from the Bitcoin bull run. However, its degree of concentration with large holders is holding it down. In 2025, the Dogecoin price will keep floating around the average price of $0.3. The minimum price will move to $0.16 and the maximum can reach $0.55.
On the contrary, CoinPedia is way more bullish on Dogecoin. The lowest they can see the DOGE price going in 2025 is $0.62. Due to FOMO and Dogecoin’s status, they believe it is more likely for it to go up to $0.845 on average and $1.07 maximum.
Dogecoin Price Prediction 2026–2029
If you are more interested in the Dogecoin price from 2026 to 2029, here are some estimates from various sources. They range from conservative to extremely bullish.
| Year | Digital Coin | CryptoGround | Crypto.ro |
| 2026 | $0.64–0.78 | $0.20537 | $1.85–3.64 |
| 2027 | $0.83–0.99 | $0.38786 | $1.35–2.55 |
| 2028 | $0.83–0.99 | $0.4821 | $1.08–2.03 |
| 2029 | $1.02–1.18 | $0.56016 | $2.36–4.45 |
Dogecoin Price Prediction 2030, 2034
As for the distant future, not many analysts feel up to the task of predicting. Even for a coin that has been so long on the crypto market as Dogecoin, there is simply not enough data.
Coin Price Forecast tries to predict that DOGE will not see much growth given the time frame: only up to $0.59–$0.63 in 2030. On the same path, by 2034 Dogecoin will have grown to $0.81–0.84.
A more bullish scenario is painted by BeInCrypto, in which they give a range of $1.17 and $2.81 for DOGE in 2030. Given the time and DOGE’s potential, this is far from far-fetched but wait until you see what they envision for ten years in the future. How do you like Dogecoin for $9.935 by 2034? What about $23.168?
The scenario by CoinCu is somehow even more bullish. By 2030, due to the development and adoption of blockchain technology, Dogecoin will have reached $4.12 on average. More precisely, the predicted range for DOGE is between $3.47 and $4.77. In four more years, the forecast gets less precise: $2.17–5.20.
How to buy Dogecoin with ChangeHero?
The fastest and easiest way to get Dogecoin is to swap it with other cryptocurrencies on ChangeHero:
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send in a single transaction the sum of the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- Done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
- As soon as the exchange has been processed, your DOGE is on the way to your wallet.
ChangeHero’s customer support is available 24/7 in the chat on the website or through the email: [email protected].
Conclusion
Right now, it seems that Dogecoin can only go up from here. Nevertheless, stay vigilant and don’t give in to FOMO!
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Frequently Asked Questions
What will Dogecoin be worth in 5 years?
Some analysts predict Dogecoin will rise in value up to $4.45 by 2029. The lowest estimate for DOGE in 2029 is put at $0.56.
How much will Dogecoin be worth in 10 years?
Since such long-term forecasts are imprecise, the targets given for Dogecoin in 2034 float between $0.81 and $23.17.
How high will Dogecoin go in 2024?
Different sources put Dogecoin 2024 targets in a wide range between $0.16 and $1.
Will Dogecoin go back up in 2024?
The Dogecoin community seems to believe Elon Musk’s treatment of X (Twitter) will help Dogecoin fly higher up to a dollar. However, the larger picture suggests a correction can still take place.
Can DOGE go up to $5?
To reach this target, the Dogecoin market cap has to increase by two hundred times. Bullish DOGE predictions see it reaching 5 dollars by 2030.
Is there a future for Dogecoin?
At the moment, the sentiment surrounding Dogecoin is positive, and there seem to be no factors in play that can bring it to zero. Dogecoin remains a popular entry point to crypto and enjoys Elon Musk’s endorsement.
What will DOGE be worth at the end of 2024?
For the EOY 2024, analysts put a DOGE price prediction near $0.3717.
Disclaimer
This article is not a piece of financial advice. Price predictions are not guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and doing your own research.
