DOGE is the symbol for the meme token Dogecoin which uses the Scrypt technology. The total supply of Dogecoin is uncapped, hence miners have the opportunity to mine as much as their device can produce. The block time of Doge is 1 minute.

The symbol DOGE is used to represent Dogecoin in the market. It is commonly used in social media platforms to tip content creators. It can be bought or sold in exchanges like Binance, Kraken, Kucoin, Bitfinex, Gate.io, and others.

What is DogeCoin (DOGE)?

Dogecoin was cofounded by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia as a fork of Litecoin in the last quarter of 2013. It is open-sourced and allows group mining as well as solo mining.

Some of the devices that can be used to mine Doge include GPU, Linus or Windows.

Let’s see the dogecoin (DOGE) price analysis for the coming years.

Price Analysis of Dogecoin (DOGE)

Flashback: Fundamental Analysis of Doge

Elon Musk has been a strong proponent of Dogecoin (DOGE). Last year, he did a series of tweets are various intervals that made the price of Doge to rise then. However, in a recent speech, he noted that Dogecoin is one of the three cryptocurrencies like Bitcoin and Ethereum that he is holding for long-term. This news almost surged to price of DOGE by over 10% before it started to plummet again. With this, investors are aware that there are into this together with Musk.

The release of MyDoge, an iOS wallet that can be used to store and transfer Doge from one user to the other has also increased the adoption. This comes in a period where Apple allowed the application to be approved in it’s platform. Some crypto analysts believe that this could increase the price of DOGE.

Now, let’s look at what charts say’s about the price analysis of Dogecoin (DOGE).

<img class="wp-image-229576 size-large aligncenter" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/03/wd2n4LrF-1-1024x478.png" alt="" width="1024" height="478" />

https://www.tradingview.com/x/wd2n4LrF/

From the link above, we can see that the 200-MA is below the 100-MA for the 1day chart of DOGE/USDT. It means that the price of Doge might be bearish in the coming days.
<img class="wp-image-229577 size-large aligncenter" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/03/s4XQ3Ctp-1024x478.png" alt="" width="1024" height="478" />
https://www.tradingview.com/x/s4XQ3Ctp/

The relative strength index of DOGE is 34.12 from the link above. This means that the present downtrend of Dogecoin is weak since it lies between 30 and 50. However, the price of DOGE might be approaching the oversold region as it approaches the RSI value of 30.

<img class="aligncenter wp-image-229578 size-large" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/03/Edg7jLIO-1024x478.png" alt="" width="1024" height="478" />

https://www.tradingview.com/x/Edg7jLIO/

From the Keltner Channel link above, we can deduce that a possible bullish run of DOGE might be imminent since the present candlestick is an inverted hammer and lies in the first part of the curve from the bottom.

The section below shows the DOGE price prediction for the next 5 years.

Dogecoin (DOGE) Price Prediction 2022

By the end of the first quarter, second quarter, third quarter, and fourth quarter in 2022, the price of DOGE might get to at least $0.13, $0.17, $0.24 and $0.30 respectively.

Dogecoin (DOGE) Price Prediction 2023

By the end of the first quarter, second quarter, third quarter, and fourth quarter in 2023, the price of DOGE might get to at least $0.33, $0.41, $0.45 and $0.55 respectively.

Dogecoin (DOGE) Price Prediction 2024

By the end of the first quarter, second quarter, third quarter, and fourth quarter in 2024, the price of DOGE might get to at least $0.6, $0.7, $1 and $1.30 respectively.

Dogecoin (DOGE) Price Prediction 2025

By the end of the first quarter, second quarter, third quarter, and fourth quarter in 2025, the price of DOGE might get to at least $1.38, $1.6, $2 and $2.50 respectively.

Dogecoin (DOGE) Price Prediction 2026

By the end of the first quarter, second quarter, third quarter, and fourth quarter in 2026, the price of DOGE might get to at least $3.13, $3.7, $4.4 and $6.0 respectively.

Dogecoin (DOGE) price prediction by well-known media platforms is explained below:

Wallet Investors

According to Wallet Investors, the price of DOGE will reach $0.31 by 2023 and $0.98 by 2026.

PricePredictions

According to PricePredictions, the price of DOGE will reach $0.16 by 2022 and $3.5 by 2030.

DigitalCoins

According to DigitalCoins, the price of DOGE will reach $0.17 by 2022 and $0.58 by 2030.

Our DOGE Price Prediction

Considering the continuous positive sentiments that Doge communities have tokens the token, the price of DOGE might reach $6 by the next five years.

Conclusion

From the fundamental analysis, charts, and market sentiments around Dogecoin, we can deduce that the price of DOGE will be bullish in the future which will reward long-term investors.

Dogecoin Price Prediction 2022-2026-Will DOGE Price Hit $0.30 by the end of 2022?

The total supply of Dogecoin is uncapped, hence miners have the opportunity to mine as much as their device can produce.

Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

Dogecoin Price Prediction 2022-2026-Will DOGE Price Hit $0.30 by the end of 2022?

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