Dogecoin, the recent talk of the market has a lot of twisted questions around it. Started as a meme joke, the coin now has a huge capital value in the market. But the question arises, can Dogecoin reach $1? If it does, how high can it go? What is Dogecoin Price Prediction? We will answer some of such questions today. Keep reading the article to know more.
Dogecoin Price Prediction
With a market capitalization of $29,147,881,553, Dogecoin is the sixth-largest form of cryptocurrency according to CoinMarketCap. It is trading at the value of $0.2219, which shows a market dominance of 2.13%. But, with Elon Musk’s continuous support, it is predicted that Dogecoin might cross $1 by the end of 2021. The predicted high for 2021 might be around $1.07, and the low might be around $0.91.
The predicted high for 2022 might be around $1.22, whereas as high as $1.45 for 2023. By the end of 2025, it is estimated that DogeCoin Price Prediction can reach $1.96.
Will Dogecoin Reach $1?
Dogecoin trade has received a lot of growth this year. But, will Dogecoin reach $1? Let’s find out.
We might notice that as soon as Elon Musk posts a tweet, the price of Dogecoin spikes, which keeps it in trend. With 20% to 30% daily volatility, there is a huge possibility of Dogecoin reaching the $1 mark soon. The current trend suggests that it might touch the mark by the end of 2021 itself. The pandemic scenario has a heavy impact on the price analysis as well.
It seems like a good opportunity for investors to bet on Dogecoin at the moment. The future seems promising but partnerships and collaborations will add more value to the coin and help it touch $1 soon.
How High Can Dogecoin Go?
The positive Dogecoin price predictions suggest that DOGE price might reach the $3 mark. Elon Musk feels that the current situation shows that Dogecoin is doing extremely well and might be a tough competition to Bitcoin in the coming future. Since cryptocurrency is extremely volatile in nature, we cannot predict the future, but the possibility of Dogecoin reaching higher than the $3 mark still sounds true.
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