The whole cryptocurrency market experienced growth that was unprecedented this year, generating an overall market capitalization of more than $2 trillion. One of the cryptocurrencies that grew the most was Dogecoin – the king of memecoins. Despite being considered a “joke of a coin”, Dogecoin’s price growth has surpassed most of the major cryptocurrencies such as Bitcoin, Ethereum, and even Cardano.
Even though Dogecoin is one of the first cryptocurrencies to land on the market, it is still relevant; spending most of its time getting in and out of the 10 biggest cryptocurrencies regarding market capitalization. Having launched in 2013 as the result of a meme, Dogecoin has achieved a lot. Moreover, its huge success has been closely associated with the tweets of Elon Musk, a very influential individual in the crypto industry.
Lately, the Dogecoin team welcomed aboard Vitalik Buterin, the co-founder of Ethereum, and Elon Musk, the above-mentioned influencer and innovator. Although they will only serve as board members, these two well-known figures may contribute to this memecoin morphing into a serious crypto project.
Dogecoin entered the year with a price of $0.005 per coin. Despite its low price, the coin surged to extreme highs during the first half of 2021, setting an all-time high of $0.73 on the 8th of May.
Related: Will Dogecoin Go Up Again? – How High Could DOGE Price Go?
Crypto Academy Dogecoin (DOGE) Price Forecast
Today, Dogecoin is trading at a price around 60% lower than its all-time high, but that has begun to change – one Dogecoin being around one quarter ($0.25). As for the future of this coin, many influential people are as optimistic as it gets. Following the recruitment of the above-mentioned individuals – Vitalik Buterin and Elon Musk – and other things happening around Dogecoin, its future seems bright.
Dogecoin (DOGE) Price Forecast 2021
As we stated above, Dogecoin started this year trading at a price under a cent. Following the hype around it, its price surged to $0.07 in February, and around May, Dogecoin hit $0.73. That being said, Dogecoin went through quite a journey this year, experiencing what most crypto projects don’t experience in years.
As we go into the fourth quarter of 2021, we expect another bull run for Dogecoin and the crypto market as a whole. Our forecast shows that Dogecoin is highly likely to surpass the $1 milestone by the end of 2021.
Dogecoin (DOGE) Price Forecast 2022
Following a very successful year, 2022 might be much of a rollercoaster. The first months of 2022 may leave Dogecoin sitting around $1 for quite a while. However, as we move further into 2022, the coin is expected to dip to as low as $0.60.
After spending some months building up a resistance level, Dogecoin’s might surge again, probably setting a new all-time high. According to our 2022 forecast, Dogecoin may be trading at a price between $2-$3 by the end of 2022.
Dogecoin (DOGE) Price Forecast 2023
After two huge years, Dogecoin might “rest” a little. The year 2023 is predicted to be more stable when compared to its predecessors. Entering the year with a potential price of around $2.5, Dogecoin is likely to dip once again, possibly losing 40%-50% of its value.
Additionally, this dip may be the only notable thing for 2023. As we go towards the end of 2023, its price may recover and the coin might even reach $2 once again. By the end of the year, Dogecoin might have a price of $2.6.
Dogecoin (DOGE) Price Forecast 2024
Every cryptocurrency enthusiast waiting for the year 2024 because of a specific reason – the Bitcoin halving. This process is known to have quite a big impact on the overall crypto market performance.
Considering the above-mentioned facts, we believe that Dogecoin is likely to become bullish as the end of 2024 approaches. By the end of 2024, Dogecoin might experience a high of $5, setting yet another all-time high.
Dogecoin (DOGE) Price Forecast 2025
After a coin such as Dogecoin enters a bull run, it is not that easy to stop. We believe that the price chart of Dogecoin throughout 2025 may be similar to the one we have for 2021. Although the scale of growth is likely to be way lower, Dogecoin might follow similar patterns.
During the first two months of 2025, Dogecoin is likely to experience somewhat of a drawback. Nevertheless, by April 2025, we believe the coin may reach a high of $7.32 – having a market capitalization way above tokens like SafeMoon or Shiba Inu.
Dogecoin (DOGE) Price Forecast 2026
Elon Musk has tweeted about Dogecoin numerous times, and these tweets affected the price of Dogecoin positively most of the time. To add to this, Elon Musk is aiming to make Dogecoin one of the most successful coins in the market and calls it the “people’s crypto,” claiming that it will belong to the community.
With plans to literally send a SpaceX satellite named Doge-1 to the moon sometime in 2022, Elon Musk is really outdoing himself. Due to this and numerous reasons, our Dogecoin price forecast for 2026 leaves Dogecoin with a potential price between $8-$10 by the end of that year.
Related: Dogecoin Price Prediction 2022 – What Will the Dogecoin Price be in 2022 and in Next Years to Come?
Takeaways
- Dogecoin is one of the cryptocurrencies that has experienced the most growth during 2021.
- By the end of 2021, Dogecoin is predicted to surpass the $1 milestone.
- Considering that Dogecoin is likely to enter a bull run by the end of 2021, 2022 may have a bullish start as well.
- Small price movements are expected for Dogecoin during 2023.
- By the end of 2026, Dogecoin is set to undergo numerous updates and improvements, potentially leaving it with a price near $10.