Inflation and Influencers: How Investors Can Send Dogecoin to $10 - Insider These include activity on the Reddit thread r/WallStreetBets among the #DogeArmy, the social media hype surrounding #DogeDay (April 20), and tweets from celebrities and brands, including Tesla CEO Elon Musk. As we know Elon Musk is following Bitcoin and he loves the technology of Blockchain and wanted to start crypto as payment. The answer lies in its astonishing returns. One phenomenon seen over the years is the correlation between how much a coin is talked about, whether that be measured by mentions on social media or trends on Google, and its price. Show this thread. Unlikely, but who knows. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up. Will Dogecoin Ever Reach $100? - ProVsCons Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Offers may be subject to change without notice. 763,393 views Jan 29, 2021 Can Dogecoin reach $10? Furthermore, because there isn't much in the form of real-worldutility andno fundamental catalysts, it is impossible to even remotely predict the chance of price appreciation. CoinPriceForecast was far less bullish in its DOGE coin price prediction. $10 per Dogecoin is also likely within this decade. Oluwapelumi is a firm believer in the transformative power blockchain and crypto industry possesses to change the global financial landscape. Saturday, 4th March 2023See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive. Remember that price predictions often turn out to be wrong, and that prices can go down as well as up. DOGE is 69 cents right now. But a look at Dogecoin price prediction could give an idea of this. Of course, even the best price forecasts are still speculations, as the cryptocurrency market is highly volatile. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Remember, you should always carry out your own thorough research before making an investment. Last week, in a significant move for the industry, crypto trading platform and exchange Coinbase fetched an $85 billion valuation in its stock market debut. Cost basis and return based on previous market day close. The first of the dog-themed meme coins, DOGE was originally launched in 2013 by software engineers Billy Markus and Jackson Palmer, who worked at IBM (IBM) and Adobe (ADBE), respectively, as a satire on the proliferation of alternative coins (known as altcoins) attempting to ride on the success of bitcoin (BTC). The community behind DOGE coin represents one of the most faithful communities, which is said to have brought Dogecoin to a status where the currency cannot be considered a "joke" as it was the first outside the community. With bearish sentiment taking hold of crypto markets, DOGE traded down to $0.04972 on 18 June, its lowest level since early 2021. The initial hype surrounding an integration of Dogecoin on Twitter has flattened out in recent months. Copyright 2023 Market Realist. And never trade with money that you cannot afford to lose. AlthoughDogecoin(DOGE 0.42%) wascreated as a joke in 2013, with the intention to be a fun competitor to the top cryptocurrency,Bitcoin(BTC -0.03%), little did the developers know that thismemecoinwould absolutely surge in popularity. A Dogecoin dollar meme. At this rate, explains Reddit user EthereumDream, miners add more than 5 billion coins per year. I wish I woulda read this article in November or December..MucH WoW!!! But that might not happen very soon, especially not if the crypto winter persists. Other adopters include Latvian airline airBaltic, electronics retailer Newegg, and luxury resort group the Kessler Collection. Recent weeks and months have not been great for cryptocurrencies in general, with many having lost significant value since 2022 began. Despite this, enthusiasm is high amongst some in the crypto community who continue to hodl (a deliberate misspelling of hold that refers to buy-and-hold strategies in the context of cryptocurrencies) the joke coin and perhaps theres good reason. Tesla has invested $1.5 billion in bitcoin. In spite of the celebrity endorsements, Dogecoin is not the only meme coin circulating these days. Electronics retailer Newegg recently added dogecoin as a payment option for online purchases. At the time of writing,DigitalCoinPriceforecasted that DOGE could reach $1.25 by 2031, but the majority of sitesdid not see it reaching past the dollar. From its current price of just under $0.15, Dogecoin would need to rise more than sixfold to reach the $1 mark. More info. Why? Launched in 2013, there are now 100 billion Dogecoin in. Considering Doge has a huge supply and no real world use, its upside potential is limited by pure market speculation and forces it can produce. Dogecoin Price | DOGE Price Index and Live Chart - CoinDesk The DOGE price was only 0.070 US dollars at the turn of the year 2022 / 2023. Dogecoin price: Will the memecoin ever reach $100? | Marca We may receive a commission, at no extra cost to you, if you click through our links and make a purchase from one of our partners. 24 MAR, 11AM UTC. Eventually, the joke will stop being funny and the project will get delisted and effectively killed by the exchanges. He told Newsweek: "I would be very surprised to see DOGE coin hit $1, mostly because of its extremely large and inflationary supply schedule. We could then see the Dogecoin price reach $0.6 by the end of 2023. It has a huge community and it has huge support from Tesla CEO Elon Musk. Depends on the definition of the moon. Our forecasting model sees Dogecoin reaching $0 in 2040. CaptainAltcoin.com does not offer any sort of financial or investment advice. Few days Elon musk changes his twitter bio and add hashtag Bitcoin and 8th February 2021 sources confirm that $1.5 billion worth bitcoin invested by Tesla. "I can't pass up a good bargain," Contessoto said. But Dogecoin communities is always a nice place for a good laugh it is a meme kingdom of cryptocurrency world. the average trading price will be $0.497. Can Dogecoin Reach $10? Yes, Here's Why: - SOLBERG INVEST It is fair to say, that after the massive bull run, Dogecoin became one of the most popular cryptos in the world, rubbing shoulders with the likes of Bitcoin and Ethereum. Dogecoin Price Prediction 2025 and 2030 The long term forecast for DOGE shows that the price will reach long term price stability with a profitable investment opportunity. The majority of retail investor accounts lose money when trading CFDs. We saw Milky Way, Snickers, Slim Jim, and others tweet support for the cryptocurrency, with the goal of sending the coin to the moon (crypto-talk for a coin that is soon going to rise significantly in price). The site's dogecoin price prediction for 2030 said the price could reach $0.88 that year. Dogecoin is down 5.83% in the last 24 hours. To reach $100 by 2030, Dogecoin would need to have $18 trillion invested in it. Essential Apple Inc. Statistics and Facts to Know in 2023 Every $1 increase in the Dogecoin price would necessitate an additional $180 billion in 2030. At the time, many investors were eagerly awaiting the resolution to the question: Will Dogecoin reach $1? While it failed to do so in 2021, it showed that Dogecoin can reach 1 dollar, as long as a strong social media push and a broader crypto market upswing are in play. The $258bn lawsuit was filed in June by investors who have lost money on the token, arguing that the defendants profited tens of billions of dollarswhile knowing that the value of dogecoin depended solely on marketing. Lets now cast our eyes over some of the DOGE price history. BingX Review Is BingX.com Copy Trading Any Good? From its current price of just under $0.15, Dogecoin would need to rise more than sixfold to reach the $1 mark. at any given moment doesn't really make for a good investment case. World richest person & owner of Tesla Elon Musk brings Dogecoin into Billion dollar worth crypto. He's a Dogecoin Millionaire. And He's Not Selling. The dogecoin price skyrocketed by 1,234% from April 2021 to peak at an all-time high of $0.7376the following month. The foundation is led by members of the original development team as well as advisers, core developer Max Keller, Ethereum (ETH) co-founder Vitalik Buterin, and Jared Birchall, representing Elon Musk. Apple's revenue in the fiscal year 2022 totaled $394.3 billion globally. Apple User Lost $650k In iCloud Crypto Scam, How Long Are Instagram Story Videos? At the same time, with the nature of cryptos being as unpredictable as they are, the possibility of Doge reaching its $1 moon, and even eclipsing it, remains astrong possibility as well. Market Realist is a registered trademark. Dogecoin boom is a retail phenomenon driven by Powell giving money to everybody, Novogratz says Diversity in Hollywood is 'better in some ways but worse in others,' actor Alfonso Ribeiro says It worked. Box N-4865, Nassau, Bahamas. Why The Feature Disappeared. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. No, Dogecoin will not replace or overtake BTC. We update our DOGE to USD price in real-time. The Dogecoin price is $0.08, a change of 0.47% over the past 24 hours as of 8:42 p.m. On Monday, April 19, Dogecoin's market capitalization (equated by multiplying a coin's current price by its circulating supply) hit $50 billion for the first time, with the coin itself hitting. The dogecoin community believes the altcoin is worth much more than the market currently values it. Also, many long-term crypto price predictions are made using an algorithm, which means that they can change at a moments notice. Will Shiba Inu Coin Reach 50 Cents? The altcoin also got a boost from more. This is thanks to its ever-growing community. It also helped increase awareness of the altcoin, which has risen from unknown to become one of the top cryptocurrencies by market value. The one-dollar mark has long been the aim of some members of the Dogecoin community on Reddit, and is becoming a real possibility as this week the price shot up from around $0.13 Thursday. Built by software engineers Billy Markus and Jackson Palmer during the early Bitcoin craze and featuring a "mascot" of the then-popular meme featuring a Shiba Inu dog, the coin was originally conceived as a meta-joke about monetary value and the internet. Our forecasting model sees Dogecoin price crashing and dropping to near 0 in a distanced future. Square, and MicroStrategy have also made huge investments in the crypto. Another 5 billion coins are created every year to combat lost wallets. In other words, it would most likely take too much money to push DOGE to such heights. The coin traded in a $0.06-$0.07 range until a brief rally in meme stocks and coins driven by retail investors on social media brought the price up to $0.08864 on 16 August. But theyre afraid of betting against it with money, especially with a backer as powerful as the Reddit crowd that initiated the epic GameStop short squeeze. Algorithm-based forecasts can be wrong and shouldnt be used as a substitute for your own research. 2023 BDG Media, Inc. All rights reserved. Dogecoin which was worth as low as $0.0023 back in summer 2020 jumped to $0.10 in value on Thursday. Dogecoin price analysis shows that the coin was relatively stable from 2013 until the cryptocurrency markets took off in 2021. The history of meme coins started with Dogecoin. It's currently trading at 5 cents, and Bitcoin at one point in time was worth 5 cents as well and is now $37K.so. This is just how markets work. Dogecoin investor is no longer a millionaire but still buys the dips - CNBC We thank all of you and can only say that if we sell another 6,556,000,000 #DOGECOIN worth of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!. Elon musk continue to express his love for meme based Crypto i.e., Doge and investor keeps investing in.