Dogecoin (DOGE) is undoubtedly one of those trending cryptocurrencies that has managed to grab a critical place in the crypto industry. The experts and veterans in the crypto space have already revealed predictions related to the meme coin that it will be of a high value in the future.
In this article, we will be going through DOGE price prediction along with clearing the doubts of the traders, holders, and crypto enthusiasts regarding what will Dogecoin be worth by 2035.
Since the beginning of this year, the meme cryptocurrency has managed to rise significantly in terms of its market price and total valuation. Due to this much rise and interest of the institutional investors, people have queried about doubts like can Dogecoin reach $1000, can Dogecoin reach $100, and the most recent query is, will Dogecoin reach $1.
Well, in this article, we will discuss all the details that will help to clear out certain things such as where would be Dogecoin in 10 years, Dogecoin forecast 2021, and can Dogecoin reach 100.
Recently, the crypto market witnessed one of its hardest crashes and as a part of the industry, Dogecoin wiped out almost half of the value of its investors raising concerns over its potential.
Due to the free fall of crypto assets in the past week, massive volatility in the market and fluctuations in the price of digital assets were witnessed.
All the gains that investors made in a month when the price of Dogecoin went up following the assurance of support and confidence from the CEO of Tesla, Elon Musk, were washed away in the recent crash.
In addition to this, the so-called “Dogefather” Elon Musk shared a tweet again in support of the cryptocurrency following the market crash that didn’t make much difference. In contrast to the previous tweets by Musk, this one was not able to raise the price of Dogecoin, instead, the price of the meme coin fell by over 20% in the past 24 hours.
Talking about the one-year forecast of the currency, it is expected that the coin will be able to touch the mark of $1 by the end of 2021. Considering the ups and downs in the market, it is expected that the coin will mark a high of around $1.22 and a low of around $0.91.
Different market aggregators, analysts, and experts have different predictions regarding the trending cryptocurrency. Some experts believe that Dogecoin will cease to exist by 2030, as there is will be no significance of this coin. However, a majority of the crypto community is against this belief as major personalities like Elon Musk are in talks with the developers of Dogecoin for required upgrades in the network.
As far as the long-term growth of the coin and DOGE price prediction is concerned, it is believed that the coin will easily manage to cross the mark of $2 by 2030.
These are not just random predictions as they are based on certain parameters like the trade volume of the cryptocurrency, change in price, market cycles that the currency follows, and performance in comparison to similar currencies.
Well, any kind of investment should be done keeping in mind certain factors such as risk capacity, fluctuations bearing appetite, and a belief. Here, we do not recommend that you should hold or sell any of the digital assets as there is yet to be discovered about the potentials and issues of these cryptocurrencies.
The fact that the crypto industry is facing a heavy inflow in these times can not be ignored, and the huge fluctuations in the market are indeed driven by these inflows and outflows of the market.
Moreover, there is a great chance that due to its tremendous supply, Dogecoin has the great potential of co-existing with the fiat currencies.
As far as the long term holding of the digital asset is concerned, any asset held in the long term, provided that it did not indulge in any kind of conflicts, fraud, or anything that affects it and disturbs the belief of people, will provide gains to its investors.
As of now, it will be too early for DOGE price prediction for the coming 10,15, or 20 years as the currency has yet to prove its credibility in the market.
Overall, who would have thought that the currency that began its journey as an internet meme coin will be in talks to beat the oldest and most valuable cryptocurrency in the world, all thanks to the great existing community of the coin and the faith of cash giants in the coin.
Also, there are a lot of expectations from the upcoming listing of Dogecoin on Coinbase and the network upgrade it is expecting to undergo.