Dogecoin (DOGE) Price Prediction 2022: Will DOGE Seize The $0.5 Mark?

The cryptospace has come along way from being limited to only primitive cryptocurrencies such as Bitcoin and Ethereum. The space has been liberal enough to host a plethora of projects from varied sectors with and with out utility. Successively, meme coins from the business have garnered the interests of the masses.

The top meme coin Dogecoin is the first one to woof when it comes to meme coins. Launched in the December of 2013, the digital token has garnered immense popularity. With liking from celebrities, billionaire investors, and social media savvies. The canine coin has seen a number of adoptions and acceptances by renowned brands and firms.

That said, investors are still keen on DOGE and have been pondering over its future prospects. Are you keen on the price predictions of Dogecoin? Join in as we dive into the possible price projections of the meme coin for 2022 and the years to come.

Overview 

Dogecoin (DOGE) Price Prediction For 2022

 Dogecoin had made its way to 2022, with a trading price of $0.1701. Continuing its southward momentum from the previous year. The meme coin saw a fall to its support of $0.1365 on the 10th of January. However, it portrayed a quick “V-shaped” rebound, with the wick brushing $0.2147 on the 14th of January.

The spike was short-lived, as DOGE plummeted below its support to the bottom of $0.1208 on January 22nd. Following this the asset moved sideways, sticking closer to its support levels until the 3rd of February. When it spiked to $0.1732 on the 7th of February. 

However, turbulence in the business led to a downswing, when it breached the quarterly low of $0.107. By the end of the quarter, DOGE’s price had managed to climb to $0.1459. The second quarter has been brutal for the industry, the implications of which have reflected on the price of DOGE. The canine coin has slipped from its quarterly high of $0.179 to press time levels of $0.06872.  

Dogecoin Price Prediction For Q3

    If the meme coin carries forward the third quarter, with bullish trends. Further impetus such as major acceptance and adoption, could propel the price to its potential high of $0.0898. On an optimistic note, statistics by Into The Block suggest that, 2.04 M addresses are In the Money, whereas 1.84 M addresses are out of the money. While the average price could stick around $0.0763, bears could clutch down the price to $0.0641.

DOGE Price Prediction For Q4

 If the coin gets listed on newer familiar cryptocurrency exchanges, the price could soar to close the year at $0.1122. Howbeit, regular buying and selling pressures would leave the price at an average level of $0.0964. That said, if the sentiments fall prey to the bears, with concerns around utility and value. The price can possibly slump to $0.08005.

Dogecoin’s Price Forecast For 2023 

  Dogecoin price is expected to gain major traction in 2023. As the meme space would become trader’s favourite to fight potential inflation threats. Hence, by the end of 2023, the meme coin would hit $0.2026. With average buy and sell pressures the price is likely to end up trading at $0.15081. That said, a possible crisis in the business could dump the price to $0.102.  

DOGE Crypto Price Prediction For 2024

  If the team behind Dogecoin rollout developmental upgrades and real-life use cases. The canine coin could fare up against industry leaders. In such a case, DOGE’s price could pounce to its potential high of $0.317. On the flip side, the ebbing stance of meme coins and diminishing volumes could slash the price down to $0.1708. That said, a balance in buying and selling pressures could land the price at $0.242.   

Dogecoin Price Prediction For 2025

An increasing FOMO with influencer promotions towards Dogecoin may impact the price to heat up to $0.5135. Secondly, if DOGE could survive with a substantial growth rate. In a highly competitive space in the future, the averages shall strike at $0.385.

On the other hand, aspects of the crypto like zero staking rewards and not much functionality impact the market. Then the price might slide to its potential low at around $0.265.

Click here to read our price prediction on Shiba Inu!

What Does The Market Say?

Digital Coin Price:

According to Digital Coin Price, Dogecoin’s price could rise to a maximum of $0.0957 by the end of 2022. The firm expects a reversal in trends to drag the price down to $0.0836. That said, a balance in buying and selling pressures could land the price of DOGE at $0.091.  

Gov.Capital:

As per the revised Dogecoin price prediction by Gov. Capital, Doge is forecasted to hit a maximum price of $0.0747, in 2022. On the downside, it expects DOGE to drop to $0.0552. That said, the token is expected to trade at an average price of $0.065. Gov. capital predicts DOGE to trade at an average price of  $0.5081 by 2025.

Trading Beasts:

As per Trading Beast’s DOGE price prediction, the meme coin is forecasted to close the trade for 2022 with a maximum target of $0.118. The firm pins minimum and average targets at $0.0804 and $0.0946 respectively. Trading Beasts predicts the maximum targets for 2023 and 2025 at $0.1038 and $0.1415.

Wallet Investor:

 Wallet Investor expects DOGE price to close the annual trade for 2022 with a potential high of $0.188. The analysts from the firm anticipate the minimum and average targets to be around $0.0189 and $0.1018 respectively. That said, the average targets for 2023 and 2025 are kept at $0.186 and $0.349. 

What Is Dogecoin (DOGE)?

Dogecoin is a user-friendly cryptocurrency project launched on December 06th, 2013. It was forked from Litecoin and is widely supported by many wallets and exchanges. The main use case is for making payments and recently it has also been used as a tipping coin. For rewarding small tokens to people during social media interactions.

Dogecoins are inflationary coins while Bitcoins are deflationary coins. This is because Bitcoins have a limit on the number of coins that will be produced and used for mining. On the flip side, dogecoin does not have any such limits and so is inflationary, which adds to its advantage. 

Fundamental Analysis

Following the massive success of bitcoin, dogecoin was launched in the December of 2013. In mere one month, there were over a million visitors to the official website. Which started with a price of $0.006, and now poses an ROI of 12728.11%.

Dogecoin was created by Billy Markus, Oregon, and Jackson Palmer. It was introduced as a joke, but who knew it would become so significant in the crypto world. It is also used by retailers to receive payments across authorized merchants!

Our DOGE Price Prediction

The fact that Marketers are quite optimistic about the project and celebrities hopping legs. Can drive Dogecoin into a value that everyone would awe at. According to Coinpedia’s formulated Dogecoin price prediction for 2022. If its trading volume rises further, then we can expect the DOGE price to surge to $0.12 as the year ends.

On the other hand, if the market is hit again by external forces like regulations or negative statements by influencers. The meme coin might trade at a potential low of $0.08. That said, a balance in buying and selling pressures could land the price at $0.1. 

Historical Market Sentiments

2013

• Dogecoin made its debut in December 2013 at $0.0006 with a market capitalization of $3.5 million. 
• For a year, Dogecoin was on an upward trajectory and doubled exponentially.

2014

• The year 2014 was not generous for Dogecoin, as new cryptocurrencies such as NEO, Stellar, and Monero emerged in the market. 
• As a result of which, DOGE’s price fell to $0.0001.

2015

• Co-founder Jackson Palmer…