Similarly, Gene Simmons said he would be buying the currency. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. 2023 Benzinga.com. Over the longer term, the forecast puts the price at an average of $0.152755 in 2025 and $0.238451 in 2028. A recent rise in the price of Bitcoin followed by a period of consolidation is prompting more retail investors to look at altcoins. Sign up for a daily update delivered to your inbox. On that note, Dogecoin will likely continue to mimic Bitcoin's performance for the foreseeable future (as does almost every other altcoin). In other words, the vast majority of those who purchase the coin do so in an attempt to benefit from price fluctuations. Besides his dogecoin memes, he has announced himself as the unofficial CEO of dogecoin. According to an online forecasting website Wallet Investor, DOGE could double again from the $0.05 level to reach $0.10 later this month. Dogecoin's price more than doubles in a week. Optimistic Dogecoin Predictions:Finders founder Fred Schebesta expects Dogecoin to be worth 25 centsby the end of 2022, and said that "it shouldn't be underestimated in the world of cryptocurrency where breaking traditional methods for identifying value is a cherished past-time. In fact, it has hit an all-time high within the first two months of 2021. The feature is now back online, Robinhood said. Dogecoin Price Predictions: Can DOGE Hit 50 Cents After SNL - Insider The platform has around 20 million users around the world. Past performance is no guarantee of future results. Doge Twitter is ablaze with hype ahead of the episode. Can Dogecoin Reach 50 Cents? - ProVsCons And now, defying all odds, dogecoin has a total market value of more than $40 billion, according to crypto market data site CoinGecko, adding over $20 billion in the last 24 hours. A Journey to new highs. Why Dogecoin Can Hit 75 Cents Again, According To Matt Wallace On January 13, three exchanges added support for DOGE: Huobi Futures for margin swaps, FTX for spot and futures trading and WazirX for spot trading. Dogecoin Is Holding On To Its Blistering 3,000% Price Gains - Forbes This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Dogecoin soared up by more than 60 percent in less than 24 hours and experienced a 1,421 percent increase in trading volume according to crypto data firm CoinMarketCap on January 28, 2021. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. They can then use the stablecoin as collateral for decentralised finance (DeFi) products like loans. All rights reserved. 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. Should You Invest in Dogecoin? - US News & World Report Answer (1 of 6): A 2020 TikTok campaign sought to lift dogecoin's price to $1. Investors who bought in will have ended up nursing some nasty losses. Fast forward to August 2021, and you will have to fork out a hefty $0.35 for the very same coin . Update: Crypto trading is now fully restored. 2023 BDG Media, Inc. All rights reserved. Do Not Sell My Personal Data/Privacy Policy. Benzinga does not provide investment advice. Very few people actually "use" the currency for much of anything, which means that the coin's valuation is solely dependent on the market and public sentiment. Like many cryptocurrencies, it has a tendency for volatile swings in price. Also read:Blockchain.com Needs Cash As Valuation Plunges 70%: Will VCs Back The Struggling Startup? At the time Wallace joined the show, Dogecoin was trading around 50 cents. However, its Dogecoin price prediction then puts the cryptocurrency at $0.0343 by the end of March, trending up to $0.0390 by the end of December 2021. Shop your favorite products and well find the best deal with a single click. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. Tesla CEO Elon Musk is Doge's highest-profile supporter, and histweets related to the cryptocurrency tend to lead to a jump in its value. If You Invested $100 in Dogecoin 8 Years Ago, Here's How Much You'd However, we cant be ruled out a full reversal. Dogecoin (DOGE) Price Prediction 2023 2024 2025 2026 - 2030 - Changelly "I can't pass up a good bargain," Contessoto said. Data is a real-time snapshot *Data is delayed at least 15 minutes. All Rights Reserved. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. Dogecoin's price tends to be gripped by dizzying highs and crashing lows. The Dogecoin price on launch in 2013 was $0.000232, so the rise to around $0.05 represents a 21,000 per cent increase. Dogecoin spiked 400% in a week, fueling fears of a cryptocurrency bubble, Why investors may want to take dogecoin seriously, began rising in tandem with other popular digital currencies, posted a picture of their dogecoin holdings, buying $1.5 billion worth of the cryptocurrency, already view bitcoin as a speculative bubble. All rights reserved. In fact, according to Genesis Volatility, Dogecoin is almost three times more volatile than Bitcoin (based on historical fluctuations). The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. Well continue to monitor the situation closely and were sorry if you were impacted. If a big 2017-esque crash is waiting around the corner, then $0.01 would be a better price prediction. But Dogecoin is unique, and being in a category all on its own, a more all-encompassing assessment requires one to look at other less-traditional influencing factors. On Thursday, the U.S. online brokerage said there was a "major outage" in its crypto trading feature after facing "unprecedented demand." The material provided on this website is for information purposes only and should not be understood as an investment advice.