Despite the encroaching cold of another crypto winter, Dogecoin is outperforming altcoins and its corner of the crypto community is as bustling as ever. Does it mean DOGE can still reach $1? In this updated Dogecoin price prediction for 2022 and beyond, we try to see what opinions there are about the future market price of DOGE.
All Dogecoin Price Predictions 2022–2030
- Opinions on the short-term Dogecoin price prediction for 2022 are split. Some sources expect it to break below the bottom, and others cautiously forecast continued growth;
- Despite the ongoing pump, experts are not inclined to believe DOGE can reach $1 earlier than in 2025;
- Dogecoin price prediction for 5 and 10 years in advance is in line with the trend outlined in the table. In 2027 it will be worth 47 to 62 cents, and in 2032 DOGE will trade for around 55 cents.
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 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
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 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 position.
DOGE Price in 2017–2019
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 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’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.
DOGE Price in 2020–2021
Since mid-2019, Dogecoin has been trading sideways, while still under the influence of general crypto 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 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.
But everyone knows that what goes up must come down. In 2022 so far, we can see the trend across the market in which cryptocurrencies are stuck in a downward channel. Dogecoin did not become an exception to this and is 80% down from its ATH.
It seemed the fate was sealed, until recently. The sleeping giant woke up once Dogefather Elon Musk started to appear in the news again. This time, the news about finalized Twitter deal fuelled speculation that bigger things are in store for the new owner’s favorite cryptocurrency.
At the time of writing, Dogecoin ranks 8th by market cap. A single DOGE is worth exactly 1 DOGE… or $0.144 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?
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. TikTok and WSB 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. 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.
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.
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 2,058 points of purchase where you can buy goods and services with DOGE registered with Cryptwerk. A year ago, it was only 1,807.
After roughly eight years on the market, the data suggests that Dogecoin has led the crypto tipping use case. Dogecoin advocates are holding out for hope now that Elon Musk owns Twitter, he may make the Twitter team more inclined to include DOGE in its functionality.
Dogecoin on Twitter
Soon? 😁 #dogecoin pic.twitter.com/0lAVmWTacS— Pythadoge 🐕 (@pythadoge) October 30, 2022
User Pythadoge shared a topical meme. Next stop — DOGE, the official currency of Twitter?
JUST IN: #Dogecoin surpasses $0.15 for the first time since April, 2022.— Watcher.Guru (@WatcherGuru) November 1, 2022
News alert channel WatcherGuru announced that DOGE price touched 15 cents.
🔥(Is DOGE Worth Buying?) PRICE TARGETS! #DOGE #dogecoin #DogecoinToTheMoon #DOGEUSDT #Dogecoinarmy pic.twitter.com/niYU1yb3Ly— STEPH IS CRYPTO (@Steph_iscrypto) November 1, 2022
Trader StephIs Crypto shared his DOGE price prediction in the wake of all the buzz on Twitter. $0.15 and even $0.25 is not the end of the rally, he claims.
Dogecoin Price Prediction 2022
CryptoNewsZ analyst David Cox is sure that DOGE won’t break out of the downtrend by the year’s end. More precisely, the strongest resistance will be met at $0.17 and the low on the downside will move to $0.11.
The algorithmic forecast service WalletInvestor is pretty vague on the target for closing in 2022. The lower bound of the range is at $0.0179 but the upper bound is significantly higher at $0.151. This makes the average price at closing $0.0845 per DOGE.
Leave it to YouTube to give a bullish perspective! The Kriss channel host believes that upcoming announcements about the inflation rates will challenge Dogecoin’s growth. On a local level, DOGE price is retesting the downside channel’s upper range. In November, it can drop with the crypto market no lower than to 10 cents and pump further to $0.21.
DOGE Price Prediction 2023–2024
Analytics service Trading Beasts has a moderately bullish forecast for Dogecoin in the next few years. 2023 will open with DOGE at $0.1568 on average and close somewhere between $0.1182 and $0.1738.
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 the Dogecoin price will keep floating around the same levels as now: the minimum price will move to $0.09 and highs will reach $0.21.
Dogecoin Price Prediction 2025–2027
Based on historical data, DigitalCoinPrice predicts that Dogecoin will be worth something between $0.56 and $0.65 in 2025. The highest monthly average price is expected in April 2025.
Economy Watch writer and analyst Connor Brooke gives a rough target of $1. This would take a 514% increase in the current price but given how DOGE pulled off much larger strides, this is very easy.
The 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 $0.4688 in 2025.
What do these sources say about the price of Dogecoin five years from now? CryptoGround predicts growth to $0.6249, and Digital Coin Price forecasts an average price of $0.46 per DOGE.
Dogecoin Price Prediction 2030–2032
As for the distant future, not many analysts feel up to the task of predicting. Using existing price data, Coin Price Forecast tries to predict that DOGE will not see much growth given the time frame: only up to $0.59.
A more bullish scenario is painted by PricePrediction.net, in which they give a range of $2.84 and $3.39 for DOGE in 2030. Given the time period and DOGE’s potential, this is far from far-fetched.
What about ten years from now? To give you an idea, Coin Price Forecast gives a guesstimate of $0.55.
ChangeHero’s DOGE Price Prediction
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.
By 2022, Dogecoin managed to stay close to the top-10, despite its lack of action after the revival. There are significantly fewer voices now that claim DOGE can go up to $1 soon, but in the long term, it still seems like a feasible target.
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;
- 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].
Good to go? Then snag these DOGE hassle-free and continue to Do Good Every Day with the friendliest crypto.
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.
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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 $1. The lowest estimate for DOGE in 2027 is put at $0.46, and the moderate target is $0.6249.
How much will Dogecoin be worth in 10 years?
Since such long-term forecasts are imprecise, the targets given for Dogecoin in 2032 float around $0.55.
How high will Dogecoin go in 2022?
Different sources put Dogecoin 2022 targets in a wide range between $0.0179 and $0.21.
Will Dogecoin go back up in 2022?
The Dogecoin community seems to believe the news surrounding Elon Musk’s acquisition of Twitter will help Dogecoin fly higher to 20 cents. However, the larger picture is not in favor of further strides.
Can DOGE go up to $5?
To reach this target, the Dogecoin market cap has to increase by two hundred times. None of the cited opinions are bullish enough to claim that $5 for DOGE is realistic or feasible anytime soon.
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 2022?
For the EOY 2022, analysts put a DOGE price prediction near $0.19.
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.