Dogecoin trend and price prediction 2023-2031January 06, 2023 216 by admin
Dogecoins are a cryptocurrency substitute currency, which uses Doge stock code to trade other cryptocurrencies such as US dollars and Bitcoin. It was created as a "joke" in December 2013, named after the Japanese dog "DOGE" popular emoji package. Due to low cost and fast speed, dogecoin is often used to transfer funds from one cryptocurrency exchange to another cryptocurrency exchange. This article will predicts the price of dogecoin 2023-2031.
History price of dogecoin
As one of the best coins in the cryptocurrency market, the turbulence of dogecoins has been unbelievable high in the past, and then a dramatic lows appeared. In the end, the creator of dogecoins never expected that this token will produce the popular attractiveness it owned -and most market analysts did not expect that this currency could maintain this attractiveness. Considering this, let's explore the history of coins before studying our dogecoin price forecast.
Dogecoin was created by two software engineers Billy Markus and Jackson Palmer in 2013 as a joke. The creator aims to imitate the initial attraction of cryptocurrencies, so they create Dogecoin as a "payment system" with a Shiba Inu face, similar to the famous "Governor" cause. Once coins were launched, Marcus and Jackson did not expect it to gain any motivation -but the opposite.
The price of DOGE soared by more than 300%shortly after its launch in 2013, which surprised the developers. This bullish trend continued to exist in the next few years, and reached a high level of $ 0.0170 in early 2018, which means that the market value of the tokens exceeded $ 2 billion for the first time.
However, although these prices are impressive, compared with the trend of those who choose to invest in Bitcoin and other major cryptocurrencies, they are still a drop in the sea.
The most significant changes in the price of Dogecoin cryptocurrencies appeared in early 2021. At that time, the prices soared by more than 8,600%during January to May. This is largely due to the a lot of attention from social media, as well as the mention of well -known people such as Elon Musk, Snooping, and Mark Curban. DOGE reached a record high of $ 0.7376 on May 8, 2021 -this will make the market value of the tokens exceed $ 70 billion.
However, this high point is short, and the price of dogecoins gradually declines by more than 84% to reach today's price. Especially this year, the dogecoins are actually good at the beginning, rising by more than 57% from January 10th to January 14. Similarly, this rise is only temporary. According to today's price, dogecoins have lost 45% of the value.
After Elon Musk acquired Twitter for $ 44 billion, Doge resumed strongly in October, rising from $ 0.06 to $ 0.015.
The following is a quick summary of all key points and events we introduced above in the life cycle of dogecoins we introduce above:
Founded in 2013 by software engineer Billy Markus and Jackson Palmer in 2013.
After launch, it increased by more than 300%, and continued to show positive growth.
In January 2018, it reached a market value of $ 2 billion for the first time.
Because of its "coin" status, it began to have momentum in early 2021.
In May 2021, it reached a record high of $ 0.7376 (Binance high).
What is the starting price of dogecoins? According to the data of Coinmarketcap, the initial transaction price of dogecoins is $ 0.0002.
What is the highest price of dogecoins? On May 8, 2021, the highest price of dogecoins reached $ 0.7376.
What is the minimum price of dogecoins? On May 7, 2015, the minimum price of dogecoins reached $ 0.00008547.
Like most encrypted markets, the best year for dogecoins is 2021. Beginning in 2021, the price of dogecoins was $ 0.005685, reaching $ 0.1705 by the end of December.
Dogecoin technical analysis
On the whole, the trend of dogecoins is still under downturn, but the short -term kinetic energy continues to rise (MACD, RSI), and the price is rising rapidly when the downlink.
Price: The price moves the longest time in the decline of the channel. When the price fluctuates in the channel trend line, it is believed that the price may remain in the channel. When the form is completed (that is, breakthroughs), transaction is traded at the upper trend line or downward trend line of the price. When this happens, the price may soar in the direction of breakthroughs.
Trend: The framework of this token has been declining for all time (short-term-mid-term and long-term).
MACD line: When the contemporary currency is higher than the MACD signal line (bullish), the RSI remains below 50, and the momentum is mixed (neutral).
The transaction volume of the rising day is greater than the volume of the decline day, such as the rising OBV (balanced transaction volume) indicator. As a result, demand (buyer) exceeds supply (seller).
Dogecoin price forecast 2023-2031
2023 dogecoin (DOGE) price prediction
According to some people, dogecoins are one of the most surprising cryptocurrencies (Doge) this year. The DOGE price forecast in 2023 is expected to rise sharply in the second half of this year, which may reach $ 0.106514.
Like other cryptocurrencies, the rise in Bitcoin will be gradual, but it is not expected to decrease significantly. The average price of $ 0.099413 is quite ambitious, but considering expected cooperation and progress, it is feasible in the near future. The minimum value of DOGE is expected to be $ 0.085211.
Dogecoin (Doge) 2024 price prediction
In 2024, the price of dogecoin DOGE has a lot of room for expansion. Due to the potential announcement of many new partnerships and plans, we expect the price of Doge to exceed $ 0.177523 soon. However, before the bullish betting, we should wait to see if the relative intensity index of the DOGE is out of the oversold area.
Considering market fluctuations, the lowest transaction price of DOGE is $ 0.142018, and the average transaction price is $ 0.156,220.
2025 dogecoin (DOGE) price prediction
If the upward trend lasts until 2025, it may reach $ 0.248532, and the DOGE may make a profit. If the market experience falls, the goal may not be achieved. The average price of DOGE is expected to be $ 0.227229, and the lowest price in 2025 is $ 0.21307.
2026 dogecoin (DOGE) price prediction
If the dogecoin has successfully improved the market sentiment of cryptocurrency enthusiasts, the price of dogecoins may remain stable in the next five years.
According to our predictions, Doge will be green in 2026. DOGE is expected to reach in 2026 and exceed its historical highest level. In 2026, the value of virtual currency was $ 0.319541, the minimum price was $ 0.28,4036, and the average price was $ 0.298,238.
2027 dogecoin (DOGE) price prediction
After some extensive predictions and technical analysis, we estimate that the DOGE price is expected to exceed the average price of $ 0.36,9247 in 2027, and it is expected to reach the minimum price of $ 0.35,5045 before the end of the year. In addition, DOGE's maximum price value is $ 0.390,550.
2028 dogecoin (DOGE) price prediction
As the future cooperation relationship that will occur will occur by 2028, we expect that the bullish trend will continue, so that the average price will reach about $ 0.440256. If Doge successfully breaks the resistance level in 2028, we may see the highest price of $ 0.461559. If Doge fails to get the need for support in 2028, it may lead to a low of $ 0.426054.
2029 dogecoin (DOGE) price prediction
Although Doge is working hard to achieve interoperability between the network to accelerate interaction, it is expected that the bullish trend last year will continue. Therefore, the minimum transaction price was set at $ 0.497,063, and the annual price of 2029 closed at $ 0.532568.
Dogecoin (DOGE) price prediction in 2030
By 2030, the dogecoin will eventually exceed the previous ATH value and set a new price level. The minimum price may be $ 0.568072, the highest price may be $ 0.603577, and the average price is $ 0.58274.
2031 dogecoin (DOGE) price prediction
As we all know, the high fluctuation of the cryptocurrency market is one of the many reasons for price prediction. BitcoinWisdom does its best to accurately predict the future price points, but all predictions should not be regarded as financial suggestions, you should Dyor (do your own research). By 2031, we expect cryptocurrencies to be adopted in many areas. Therefore, in the case of a bull market, the highest DOGE price in 2031 is expected to be $ 0.695888, with an average price level of $ 0.66,7485.
Is it a good time to buy dogecoins (DOGE)?
After analyzing the technical indicators of dogecoins, we expect that slight adjustments may occur in the next few days, and investors should wait for Doge.
Is it a good investment?
According to the development direction of dogecoins, our technical analysis shows that this cryptocurrency is currently a good investment.
Is it wise to invest in dogecoins?
According to our price prediction, our analysis shows that dogecoin is currently a wise investment.
Is there a future for dogecoins?
Because dogecoins have a strong fundamental fundamental face, many people invest in this cryptocurrency, and we predict that the future of DOGE looks very promising.
How high can dogecoins rise?
The average price of dogecoins this year may exceed $ 0.106551. In the next 5 years, the price of Doge is expected to rise to more than $ 0.483029.
The above content is predicted by the price of dogecoins in the next few years. This prediction is a huge gambling and is difficult to do. We can only assume that the dogecoin will be more valuable by 2030, but it cannot determine the accurate price and even closer to the price. But the future of dogecoins looks very strong, the value of dogecoins will be higher, as is other cryptocurrency markets.