Crypto community’s beloved original meme coin has had a crazy year so far: rise by thousand percent, return of the developers. In this updated Dogecoin price prediction 2021 and 2022 by the ChangeHero team, we try to see what opinions there are about the future of DOGE.
Dogecoin Price Prediction 2021–2030
- A short-term Dogecoin price prediction 2021 mentions the coveted $1 target but generally these agree that the price will be the same or lower;
- As for Dogecoin price prediction 2022, the opening price might be lower than currently — $0.17 — but ultimately can bring profits rising to $0.284;
- Different predictions claim $1 for DOGE is reachable but the years are different: in 2021, by 2025 or even only in 2030. Different Dogecoin predictions for that year actually give a range of $1 up to $8.
What is Dogecoin?
Dogecoin (DOGE) is a cryptocurrency, built on Luckycoin (a fork of Litecoin) code. It started as a joke in 2013 but became popular thanks to the Doge meme.
Dogecoin is a Proof-of-Work cryptocurrency, meaning that it is propagated and secured by mining. Dogecoin is merge-mined with Litecoin, using the same hashing algorithm Scrypt.
Dogecoin circa 2014 found its niche in tipping. Over the years, the meme went out of the spotlight and initial developers abandoned the project.
Dogecoin stayed afloat thanks to the people that 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
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 a concrete 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 receded, things started to look grim for Dogecoin.
Prior to 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.
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 positions.
2017 was a year that changed a lot for cryptocurrencies, including Dogecoin. With more listings and rising interest in the whole market, Dogecoin got involved in more trading.
Its price spectacularly soared in sync with Bitcoin in early 2018 to $0,018773 USD. The opening price for 2017 was $0,000223 USD, and the closing — $0,008972, an increase of 4000%.
This would not be the last time Dogecoin price followed BTC’s, like in August of the same year. In 2018, DOGE established a consistent price range around $0.002–$0.003.
Since mid-2019, Dogecoin has been trading sideways, while still under the influence of general market trends (bullish rally and 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 just became really 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.
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 $0.7376 on May 8, 2021.
The correction that followed was as rapid as the ascent but even now DOGE is trading for 4550% more than at the very start of 2021.
At the time of writing, Dogecoin ranks 10th by market capitalization. A single DOGE is worth exactly 1 DOGE… or $0.2134, if we’re being serious.
What Can Influence the DOGE Price?
Popularity on the Internet
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 approachable.
The TikTok and WSB pumps picked DOGE up for these reasons exactly. This factor is by no means fundamental but history shows it surely makes an influence on the price.
Not to mention that in early 2021, Dogecoin would be frequently mentioned by Elon Musk. Eventually, his tweets lost the effect that sent the DOGE price flying and even had the opposite effect on several occasions.
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 this year at highs. However, the broker is introducing crypto withdrawal only now, and has a history of halting trading during peak volatility.
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 1,700 points of purchase where you can buy goods and services with DOGE registered with Cryptwerk. A year ago, there was less than half of that.
Dogecoin is supported by as many as 27 payment gateways, the largest being CoinPayments and CoinGate.
Since 2018, the developer activity on Dogecoin repository has been rare, if not nonexistent. That is, until early 2021, when devs started working on the code again and released two new versions so far.
Following the devs, Dogecoin Foundation was also reestablished with community veterans at helm to drive awareness and adoption. Max Keller, Vitalik Buterin, Billy Markus and even Elon Musk were invited on board as advisors, though the latter is represented by Jared Birchall.
Thoughts from Influencers
Personally, I hope that doge can switch to PoS soon, perhaps using ethereum code. I also hope they don’t cancel the 5b/year annual PoW issuance, instead they put it in some kind of DAO that funds global public goods. Would fit well with dogecoin’s non-greedy wholesome ethos.
— vitalik.eth (@VitalikButerin) September 2, 2021
Ethereum co-founder Vitalik Buterin in an impromptu Twitter AMA session proposed an idea of transition to Proof-of-Stake. With the renewed development activity and re-founded Dogecoin Foundation, ideas like these can well become reality.
— Crypto_y_tho .2.0. (@BTC_y_tho) September 20, 2021
The Dogecoin price chart is printing some bewildering patterns, and the community is starting to interpret them half-jokingly, half-seriously.
I don’t see anyone using #bitcoin to get tickets at AMC.
I can see people using $DOGE.
— David Gokhshtein (@davidgokhshtein) September 19, 2021
AMC Theatres started accepting cryptocurrency payments but it seems like Dogecoin is not on the list. This confused many community members and allies as this coin is much better suited for daily payments than, say, Bitcoin.
Dogecoin Price Prediction 2021
HueFin News DOGE Price Prediction 2021: $0.19–0.26
YouTube channel HueFin News gives an analysis of Dogecoin price chart without bias: there is a clear downtrend going on right now. However, as always, this is not a reason to stop trading and watching the market.
They put a crucial support level at 19 cents, and if 20 cents is held, sideways action can be expected. The resistance level at 26 cents can be broken at any time, though, and that would signal the reversal they mention in the video title.
CryptoNewsZ Dogecoin Prediction 2021: $1
CryptoNewsZ analyst David Cox is sure that DOGE can push through $1 by the end of 2021. More precisely, the strongest resistance will be met at $1.07 and the low on the downside will move to $0.91.
WalletInvestor Dogecoin Price Prediction 2021: $0.23–0.343
Algorithmic forecast service WalletInvestor is pretty vague on the target for closing 2021. The lower bound of range is a little lower than now at $0.23 but the upper bound is only slightly more at $0.343.
Dogecoin Price Prediction 2022–2024
Gov.capital’s Dogecoin Price Prediction 2022: $0.234–0.3026
Gov.capital’s algorithmic projections suggest that in a year from now, the DOGE price will be approximately 40% higher than now.
On the charts, they expect a bounce similar to the mid-2021 price movement. At the peak in May, Dogecoin can reach $0.47 on average.
TradingBeasts Dogecoin Prediction 2023: $0.313–0.3389
Analytics service Trading Beasts has a moderately bullish forecast for Dogecoin in the next few years. 2023 will open with DOGE at $0.313 on average and close somewhere between $0.288 and $0.4237.
LongForecast Dogecoin Price Prediction 2024: $0.3–0.5
As is typical for Dogecoin, Long Forecast claims that volatility will keep being a factor in the DOGE price. After slumping for a while, in 2024 real profits will start coming in: lows will move above $0.3 and highs will reach $0.5.
Dogecoin Price Prediction 2025
DigitalCoinPrice DOGE Price Prediction 2025: $0.6268
Based on historical data, DigitalCoinPrice predicts that Dogecoin will be worth $0.6268 on average in 2025.
Highest monthly average price is expected at $0.7342 in April, while the lowest average can be expected in May: $0.5563.
Economy Watch DOGE Price Prediction: $1
Economy Watch writer and analyst Connor Brooke gives a rough target at $1. This would take a 272% increase in current price but given how DOGE pulled off much larger strides, this is very easy.
CryptoGround DOGE Forecast: $0.6347
Algorithm of CryptoGround does not usually include volatility in the picture and operates with averages. As a result, in their projections, DOGE will accumulate enough value to be worth $0.6347 in 2025.
Dogecoin Price Prediction 2030
As for the distant future, not many analysts feel up to the task. Using existing price data, Coin Price Forecast tries to predict that DOGE will meet strong resistance at $1 and hover around it.
More specifically, by mid-2030 DOGE will be worth $0.94 and by the end of it — to $0.98.
A more bullish scenario is painted by PricePrediction.net, in which they give a range of $6.48 and $8 for DOGE in 2030. Given the time period and DOGE’s potential, this is far from far-fetched.
ChangeHero’s Dogecoin Forecast
In the words of Messari’s Ryan Selkis, “Dogecoin will continue to rock because legends never die”. It started as a meme and quickly became a gateway currency for the crypto-curious, celebrated for its light-hearted community.
2021 brought Dogecoin developers and Dogecoin Foundation back into the picture, so now holders can expect more news. It may not be this year, but in 2022 and forward Dogecoin can be back into the spotlight as more than a meme coin.
How to buy Dogecoin with ChangeHero?
Before you buy DOGE, make sure to find the best online Dogecoin wallet to receive the purchase. We can recommend Exodus, where you can make the purchase right in the app thanks to ChangeHero integration.
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;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All 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].
Dogecoin made shocking strides in price thanks to being embraced by retail investors. With a meme stock fad dying out, Dogecoin will have to suck up the blow to the price and start building value.
Frequently Asked Questions
What will Dogecoin be worth by 2022?
Different sources put Dogecoin 2022 targets in a range between $0.17 and 0.5.
What will Dogecoin be worth by 2025?
Some analysts predict Dogecoin will rise in value up to $1. Lowest estimate for DOGE in 2025 is put at $0.5563.
What will Dogecoin be worth by 2030?
As such long-term forecasts are imprecise, the targets given for Dogecoin in 2030 vary from $1 to $8.
Can Dogecoin hit $1?
Opinions are very divided on this question. Those who believe DOGE can hit $1, give different time estimates, from as soon as in 2021 to only in 2030.
What is the future of Dogecoin?
With the Dogecoin repository and Foundation revived, the community has more than enough reasons to believe the future of Dogecoin is as secure as ever.
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This article is not a piece of financial advice. No price prediction is 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 investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.