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Depending on your point of view, you could see this as either a positive or a negative. Dogecoin is a fork of LuckyCoin, which is a fork of Litecoin, which is a fork of Bitcoin. This is because of the high energy requirements to operate proof-of-work which have spooked politicians, environmentalists, and even businesses. This kind of media background is well mirrored on the coin, and a huge fan community of this crypto-asset throws the price up. Although the coin had a slight dip recently that almost dimmed its chances of closing the year at $1, it has since looked up and is now trading at over 50 cents. It is unlikely that Dogecoin will crash given our prediction, though investors should brace for that possibility. As more people buy Dogecoin, more services will start to offer DOGE as a payment method, increasing its utility in 2025. Dogecoin has already surprised us with some huge growths. Gox was hacked and up to 850,000 BTC was stolen. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Based on our DOGE forecasts, a decrease is expected, the price prognosis for 2023-12-31 is 0.009 US Dollars. On one hand, some developers agree that the shift to proof of stake is the right way to modernize Dogecoin. The developers chose the LuckyCoin code base because it offered a random block reward algorithm in which miners may receive zero or literally hundreds of free coins for creating new blocks. As one of the earliest altcoins, Dogecoin existed before the concept ICOs (. and as of 2022, approximately four million people own Dogecoin. DOGE price forecast for 2025 is rather positive. Dogecoin simply aims to facilitate transactions and is not aiming to overhaul our entire financial system. Here are some of the milestones DOGE/USD will hit before the end of the decade according to our forecasts. According to predictions, the value of the Dogecoin token could rise to $0.12 in 2023, and achieve a mean price of $0.21 by 2025. Elon Musk already owns some Dogecoin, which he says he bought out of curiosity and it is unclear how much DOGE he has. Securing an exceptional average of $0.275 for 2026 would mean hitting a high of $0.35 and declining no lower than $0.2. Changes in the value of 50 US Dollar in Dogecoin. I have one question who controls the release( mining) of the coin. Price Prediction Crypto analysts expect that at the end of summer 2023, the DOGE price will be around $0.09999. DOGE, in general, is characterized by sensitivity to market sentiment, as well as dependence on media announcements. Other predictions include a low target of $0.89, a median target of $1.17. After the analysis of the prices of Dogecoin in previous years, it is assumed that in 2024, the minimum price of Dogecoin will be around $0.159984. Given that it has not reached $1 in almost ten years, many might question how long it would take. Can dogecoin reach 50000. For around three years the meme coin was famous but not actively traded and there were no rapid Dogecoins price movements either. If youre wondering should I invest in Dogecoin?, short-term cryptocurrency predictions are quite positive. About 14 million Doge are mined every day. The price of Dogecoin is predicted to reach at a minimum level of $0.20 in 2025. According to our currentDogecoinprice prediction, the value ofDogecoinwillincreasedby205.44%, reaching$0.26by end of2025.. Stay ahead of the pack in the crypto market by tapping into the essential information that Changelly provides with its convenient newsletter service. Another popular pronunciation is dog-e-coin. June 2023 might also witness an increase in the Dogecoin value to $0.0979902. The coin earlier in 2021 had a price surge that took it to over $0.70 with close to an $80 billion market cap. Also, you can top up your balance with most other cryptocurrency and send to different altcoin addresses, and the transaction is free between users. before we dive into our Dogecoin price predictions for 2023 to 2030. German, Russian and Spanish, and many more. But I'm not so sure this payment integration is going to happen soon. Please keep in mind that the assets past performance is not a guarantee of future results. It owes this improvement mostly to its Scrypt algorithm (also used by Litecoin , Dogecoin was created by forking the now-defunct Luckycoin which was a fork of, (you could even think of Bitcoin as Dogecoins great-grandfather). The reason for this surge is a report by The Financial Times, which revealed that Elon Musk is considering integrating a brand new payment system into Twitter. This kind of popularity is crucial in driving Dogecoins price to the $5 mark. window.__mirage2 = {petok:"EFqAQZAmXKhGh3Dzdh7XvE2JbNqtWQmC1oyKNSKPMaQ-1800-0"}; Twitter and. Read More: What Is Dogecoin (DOGE)? That means if the price were to. More people will also invest, especially since current investors will be reaping huge benefits. Cryptocurrency experts have carefully analyzed the range of DOGE prices throughout 2023. Let's take a closer look at this popular cryptocurrency to see what direction it may take in the future. However, even under these unfortunate conditions, market sentiment-sensitive Dogecoin price showed a short period of rapid growth. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Every year, cryptocurrency experts prepare forecasts for the price of Dogecoin. Dogecoin is better than Bitcoin in that it is faster and cheaper to use which makes it better for everyday transactions, however, Bitcoin is better in that it is less volatile and has institutional backing which could see it outlast Dogecoin. Though there is a lot for team Dogecoin to do over the next several years to enhance DOGE technologically to withstand an ever-evolving crypto market, Dogecoins sheer popularity and its loyal following will likely prevail and keep traders interested. Particularly on online forums and platforms like Reddit, DOGE has become a way for tipping people for insightful or funny content. Forecasts for December 2030 vary from $ 0 to $ 50 with a median of $ 3.6. . Dogecoin is a famous meme coin that was designed into an early crypto era, in 2013 year. If Dogecoin is still the top dog by 2027 and remains above its competitors, it could yet again be an even better year for DOGE. On average, it will be traded at $0.489951. [CDATA[ For example, he tweeted this week about accepting Dogecoin as payment for some Tesla merchandise -- andDogecoin soared more than 20% in a matter of minutes. If you look at the trading history of Dogecoin in 2022, sharp spikes in the price of Dogecoin were almost always accompanied by some bit of news coming from Elon Musk and Twitter. Walletinvestor.com forecasts future values of crypto assets such as Dogecoin using technical analysis. The platform is uncompromisingly bullish on the cryptocurrencys future price: according to their forecast, the DOGE price will rise to $0.38845 by the middle of May 2023. By 2040, Dogecoin's inflation rate would have dropped to just 2.4%, or roughly the same as U.S. dollars today. But just how realistic is that scenario? Dogecoin is one of the fastest and cheapest cryptocurrencies and arguably more suitable for everyday transactions. Created in 2013, Dogecoin is almost 10 years old making it one of the oldest altcoins on the crypto market (even outdating Ethereum). The media toed the line was also largely hostile to crypto. The ease of use for the Dogecoin wallet is attractive to new Dogecoin users. So, how much could Dogecoin be worth youre wondering? *Average returns of all recommendations since inception. Until Dogecoin embraces a major growth catalyst, I cannot recommend Dogecoin. In recent weeks, the Dogecoin price has risen significantly. Open an account with eToro, deposit some funds with USD, and finally buy DOGE coins from just $10. The below figures outline the potential highs and lows of Dogecoin forecasts. For purposes of this explanation the rate of increase is negligible. In short, the more people that use Dogecoin, the more value it will have. Other well-known faces that have bolstered Dogecoins popularity include Snoop Dogg, Kiss bassist Gene Simmons, and billionaire Mark Cuban. Cryptocurrency investing is notoriously risky and its vital to have a robust risk management strategy in place if youre considering adding Dogecoin to your portfolio however, cryptocurrency trends suggest the value of Dogecoin will ultimately rise by around 1,700% by the year 2025. We advise you to always conduct your own research if you are thinking about investing in cryptocurrency. Crypto experts have analyzed Dogecoin prices in 2023, so they are ready to provide their estimated trading average for July 2023 $0.0959904. As the value of Dogecoin rises, more and more businesses will recognise its potential and importance, and subsequently begin to accept it in exchange for goods and services. Remember that for Dogecoin to reach $1 by the end of this year, it means doubling its current value in the next two months. I have purchased some. Although the price of DOGE has since dropped, most price analysts are positive that Dogecoin will rise this year and might soon hit $5. With Dogecoins popularity continuing to grow, it seems incredibly likely that the price will go up. Dogecoin was extremely useful in helping people change their perspective on cryptocurrency by showing a lighter side to the market. And as we know, it was a massive hit online. DOGE PRICE GO UP!!! People who invested in Dogecoin when it was still very young will tell you now that it is a good investment. Cost basis and return based on previous market day close. Because of this, Dogecoin benefits from updates to Litecoins protocol. The price then steadily rose in the first few weeks of the year. Because of this, Dogecoin benefits from updates to Litecoins protocol. Dogecoin doesnt have a maximum supply like Bitcoin, so it doesnt have supply limitations which potentially means it can continue forever. It started out as a joke one of them made on social media, poking fun at the number of cryptocurrencies that kept popping up. However, the most famous celebrity supporting Dogecoin is none other than the CEO of Tesla and the richest man in the world, Elon Musk. Cryptocurrencies along with exclusive insights and information on the However, just one month after the projects introduction, the official Dogecoin website received over a million visits and soon gained a sizable fanbase. Thats why an army of Dogecoin hodlers are confident: growth is imminent all that remains is to wait for a new hype-y announcement from a celebrity or a major company. You can find examples of this in the FOREX market where currency pairs are traded, like Euro against US dollar, or US Dollar against Japanese Yen. Une pice de mme n'est jamais facile prvoir. I believe by releasing more youre controlling the market price. We may be unlikely to see a dramatic price increase, but the charts suggest it could be a smart investment for those who are happy to take long-term positions. Of course, the predictions vary, with some experts believing that the $5 milestone might be achieved as soon as 2022, while others say it wont happen until at least 2030. eToro have proven themselves trustworthy within the Crypto industry over many years we recommend you try them out. Doge isn't on Coinbase yet. Dogecoin has also inspired many spin-off coins, the most popular being the highly volatile. If you buy $1,000 worth of Dogecoin today your portfolio would grow to $13,500 by the time Dogecoin reaches $1 price. Please take into account that none of the data provided above is neither fundamental analysis nor investment advice. Doge is hard to resist! Is Dogecoin A Good Investment And Should I Invest In DOGE? If youve ever wondered is Dogecoin a good investment? or why is Dogecoin going up? read on, weve got answers. Press J to jump to the feed. For instance, the coin grew over 3,200% by the end of last year, so it wont be exactly ridiculous to say that it could even grow its value even more by the end of the year. . It's a decent return on investment considering sky-high inflation and market turmoil as welcome to the end of 2022. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment. I also break down how its possible fo. If youve been looking for DOGE predictions, we hope youve found this article helpful. Dogecoin is the king of meme coins by market capitalization. Naturally, this has led to hype and speculation that Dogecoin might be on a rocket ship to $1. In the middle of the year 2023, the DOGE price will be traded at $0.0929907 on average. In ten years (2032), Dogecoin will likely continue to increase and may hit levels close to $2 per coin based on the current trajectory of DOGE price prediction. This situation might be OK if Dogecoin has only limited aspirations for its blockchain, but if it ever wants to be a major blockchain player, it must transition to proof of stake. That will take Dogecoins market cap to about $750 billion. Thankfully, Changelly offers an easy way to stay informed that doesnt require hours of daily research subscribing to our newsletter! You can apply the same logic from above and see that the value would be $288.6. According to the website, DOGE is a poor, high-risk 1-year investment option for those looking for virtual currencies with a high return. Can and will it really happen? : According to CoinMarketCap, Dogecoin first started trading at $0.0002. There is a good chance of Dogecoin reaching $5 in the next few years. : A library of code that will make it easier for developers to build products compliant with Dogecoin. If you want to buy Dogecoin (DOGE) quickly and easily check out, Created in 2013, Dogecoin is almost 10 years old making it one of the oldest altcoins on the crypto market (even outdating Ethereum). After that, the coin grew its user base further with the help of the Reddit community (DOGE subreddit has currently 2.4+M subshiber) and other social platforms. If this happens, we could be looking at a $135 billion valuation which means a lot of profits for current investors. All in all, Dogecoins prospects are looking exceptionally promising. Adria Cimino owns Dogecoin, Ethereum, and Tesla. : According to CoinMarketCap, Dogecoin first started trading at $0.0002. If anything, investors who buy Dogecoin now are still getting in early. Others include: Dogecoin is also much easier for regular users to understand in a world increasingly about. ), which remains as Dogecoins biggest rival. This plan already seems to be in motion as Elon Musk announced he will be proposing some massive upgrades to the Dogecoin network that will enable it to compete with Bitcoin. For example, when Musk finally closed the door on the Twitter acquisition in October, the price of Dogecoin spiked by 35%. I've held on to a very small Dogecoin position -- one that I bought as a fun element to add to my portfolio. To make the world smarter, happier, and richer. It's important to remember that Dogecoin has also slipped 76% from its peak. You can download the digitally hosteddogecoin wallet for free from the Dogecoin website. Bitcoin is still in tech / investment nerd-dom. One of the most volatile cryptocurrencies, which is good because there are more opportunities to buy cheap and sell high. The hope of Dogecoin enthusiasts is that Elon Musk will find some way to integrate Dogecoin into a new Twitter payments system. The estimated average trading value will be at the level of $0.109989. We cant tell for sure when Dogecoin will reach $5. It is assumed that in 2026, the minimum DOGE price might drop to $0.319968, while its maximum can reach $0.39996. It's the magic of Elon hosting SNL. Crypto analysts have checked the price fluctuations of Dogecoin in 2023 and in previous years, so the average DOGE rate they predict might be around $0.0889911 in May 2023. Here at Changelly, we treat Dogecoin (DOGE) cryptocurrency with respect, as DOGE is the perfect example of what can be achieved if a cryptocurrency has strong community support. If you are interested in trading, you can convert DOGE to another crypto coin with an integrated cryptocurrency exchange. If Doge reaches $5, the market cap would be a bit over half what Bitcoin is today. Blog content producer [emailprotected]. You can follow real-time DOGE price charts, and, if you wish, your balance can display in fiat currency. But wait, not so fast. In 2027, Dogecoin will build support at a low of $0.31 which will see the coin surpass $0.50. The coin turned famous even outside the community of blockchain technology fans. In the middle of autumn 2023, the Dogecoin cost will be traded at the average level of $0.109989. Right now, Dogecoin has very limited utility. An unlimited maximum coin supply means investors won't have the feeling that this asset is scarce -- and that's likely to hold back gains. DOGE is sometimes represented by the symbol and can be divided into one-millionth of a coin. Press question mark to learn the rest of the keyboard shortcuts. For some investors, this could imply that DOGE is lacking behind emerging coins, though for others smart contracts are unnecessary. Through our research and analysis for this DOGE price prediction, weve been able to select key areas of the internet on the Dogecoin price movements. The dog-inspired . Its minimum and maximum prices can be expected at $0.0769923 and at $0.0869913, respectively. Its always vital to remember that in terms of doge price, 1 doge=1 doge! But Dogecoin eventually attracted users and investors -- and picked up speed this year. And while Unikrns prediction seems a little bit too bullish, there is a good chance that Dogecoin might be going over $5 in the next few years. The reason is that Dogecoin needs a marketcap of $1.3T for its price to reach $10. Dogecoin (DOGE) performed so well in 2021 that it became one of the most searched cryptocurrencies in many parts of the world, even beating Bitcoin (BTC) and Ethereum (ETH). Todays doge price is 0.00239.. The forecasted Dogecoin price at the end of 2023 is $0.1083 - and the year to year change +55%. Already, most price analysts have given their predictions for as far as 2025. More than 132 billion are currently in circulation. r/dogecoin Doge can actually reach 10k. Another example: A crypto such as Polkadot makes it easy to transfer data from one blockchain to another. Should You Invest In DOGE, Make a note of your Dogecoin private key and public key, Open an account with an exchange that sells DOGE. Its average cost is expected at around $0.9999 during the year. The estimated supply of the US dollar is 2,000,000,000 (2 trillion) since 1 dollar = 1 dollar (LOLZ) the market cap of the US currency is 2 trillion. By 2030, Dogecoin will likely be a very different beast, far from the original joke that started it all. It is estimated that DOGE will be traded between $0.969903 and $1.15 in 2029. No consumer protection. So Dogecoin needs to find a way to embrace these potential growth options. But this cryptocurrency faces two challenges on the path to reaching $1. 2026 will see Dogecoin finally become recognised as a serious investment leading to more institutional investments. The expected peak value might be $0.109989 in August 2023. By burning coins, you are removing them from circulation, thus reducing total overall coin supply. Dogecoin price will definitely increase in the future. Furthermore, its use of humor and social media reach has likely attracted far more people to cryptocurrency investing than even Bitcoin. Experts are divided but most Dogecoin price forecasts are positive. //]]>. There is a good chance of Dogecoin reaching $5 in the next few years. Dogecoin is one of the best crypto investments to make in 2023 if you invest a wise amount of money. U.S. dollar) transactions, and that crypto payments would be added later. Dogecoin (DOGE 0.85%) has been one of the most talked about meme tokens of 2021. Market experts expect that in November 2023, the Dogecoin value will not drop below a minimum of $0.109989. If You Invested $10,000 in Dogecoin in 2020, This Is How Much You Would Have Today, Beyond Dogecoin and Shiba Inu -- These 3 Cryptos Are Better Buys, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Its future growth is now becoming so tied to Twitter that it might fade into obscurity if Elon Musk ever decides to abandon it. With its current live market cap of about $18 billion, that means it will need to reach a new market cap height of more than $300 billion. In short, the more people that use Dogecoin, the more value it will have. youre wondering? The two set out to make the project as absurd as possible, basing it on a popular internet meme of a Japanese Shiba Inu doge saying incomprehensible silly phrases like many wow and such tired.. Its super important to note that though Dogecoin didnt maintain its all-time high, it still increased substantially in the long-term. Furthermore, its also worth exploring the possibility of Musk taking control of Dogecoins development. But are there any other elements that could do the same? If you are not sure what to look out for, feel free to work with an expert. Based on the price fluctuations of Dogecoin at the beginning of 2023, crypto experts expect the average DOGE rate of $0.0849915 in March 2023. Anything is possible in the crypto world, but that is still a huge task to achieve. Dont invest any money you need to live on a small amount of money should be sufficient for exceptional long-term gains. As a result, forecasts made by experts and algorithm-based forecasters occasionally turn out to be inaccurate. The list of Dogecoin cryptocurrency supporters includes American rappers Snoop Dogg and Lil Yachty, former bodybuilder Kai Greene, Kiss co-lead singer Gene Simmons, Tiger King (Netflix series) star Carole Baskin, and former adult film star Mia Khalifa. The Dogecoin price can reach a maximum level of $0.24 with the average price of $0.21 throughout 2025. On the low end DOGE can be traded for $0.1588. For one, it would dramatically improve the speed and efficiency of the Dogecoin blockchain. There are however many reasons to believe that Dogecoin will reach 50 cents per coin before the end of . Cryptocurrency analysts are ready to announce their estimations of the Dogecoins price. This entirely depends on your interpretation of what cryptocurrency should be. DigitalCoinPrice is definitely bullish in this currency: based on historical data, the website forecasts DOGE crypto's price of $0.17 in 2023, $0.21 in 2024, and $0.31 in 2025. Today, if Dogecoin were to hit that level, its market value would reach $132 billion. These areas have been identified through technical and fundamental analysis based on the price chart over the last few years. Could this change? This means that there would have to be $20 trillion invested in Dogecoin. Invest better with The Motley Fool. Considering its momentum this year, it may seem highly possible that the token can quickly reach $1. The hype around DOGE has fuelled a massive demand for the coin. It just cant happen otherwise unless they create a funnier and cuter meme-coin. No consumer protection. How high can Dogecoin realistically rise in price. Experts believe that the growing positive sentiment around the cryptocurrency industry as a whole will significantly help to drive Dogecoins price to $1 by 2022. Still, there is a good chance of the price stagnating or even dropping, so it pays to keep your hopes in check. And the pattern has been much the same in 2023, with Dogecoin offering no major catalysts of its own. : At the very highest, Dogecoin reached $0.7376 on the 8th of May 2021. : At the very lowest, Dogecoin hit $0.00008547 on the 7th of May 2015. According to the technical analysis of Dogecoin prices expected in 2023, the minimum cost of Dogecoin will be $0.109989. One of them is to change the tokenomics of the coin. As per the forecast and algorithmic analysis, the the price of 1 Dogecoin (DOGE) will be around $0.5728 in 2028. The community and investors are wondering if the coin can close the year at $1, driving its market capitalization to more than $135 billion in the process. Others include: Dogecoin is also much easier for regular users to understand in a world increasingly about smart contract platforms and DeFi (decentralized finance). Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Prediction: These 3 S&P 500 Stocks Will at Least Double in 7 Years, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. So, while there is a generally positive outlook, you will still need to do some research and be sure that DOGE is good for your investment portfolio. 8 Reasons Why You Should Invest In Dogecoin Today. You have two options for a Dogecoin wallet, depending on your operating system: After downloading the Dogecoin app, you have the option of creating a login with your email address, Facebook or Google or your mobile phone number. Over time, this should raise the price of the coin. And now many investors are jumping head over heels to find out what is Dogecoin? At the current price per token of $0.08, their combined value stands at $11 billion. All of whom have shown their support for Dogecoin on Twitter. It will reach $1 only in case the whole market will boost. crypto, this means Dogecoin is minable and for every block mined, 10,000 DOGE is rewarded (in the early days the block reward was completely random). Dogecoin is rarely updated which could become a security issue. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Which asks the question: can Dogecoin reach $1 by . While Dogecoin could also boost its value by becoming a proof-of-stake blockchain, this move seems unlikely for now. Here's to spreading good knowledge , adventurous_piglet85, written in february: WHAT IS THE MAXIMUM POSSIBLE PRICE OF DOGECOIN (ANSWER PROVIDED). Can dogecoin reach 5000 dollars Can dogecoin reach 500 dollars Dogecoin price analysis of the last years since its launch Can dogecoin reach $5000 . If this happens, DOGE will have a better shot at $5 in the next three to five years. Crypto asset investing is highly volatile and unregulated in some EU countries. Disclaimer: Please note that the contents of this article are not financial or investing advice. On average, the trading price might be $0.159984 in 2024. For DOGE to hit $10, it would need to rise nearly 3,800 percent. According to an. Our long-term DOGE price prediction for 2028 estimates a low of $0.4, a high of $0.57 and has a median target of $0.48. r/dogecoin Doge will reach 50 dollar? Starting 2021 at $0.005685, Dogecoin reached $0.1705 by the end of December. Download Changelly mobile app on your iOS or Android device, Dogecoin Price Prediction: DOGE Price Forecast for 2023 2030. Therefore, on average, you can expect the DOGE price to be around $2.00 in 2031. For December 2023, their forecast is the following: the maximum trading value of Dogecoin will be around $0.129987, with a possibility of dropping to a minimum of $0.109989. eToro is a great example of a popular and secure crypto exchange to. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Palmer and Markus included this feature in Dogecoin in the hopes that the randomness will irritate DOGE miners and discourage them from using the token as a payment option in the long run. Now, let's circle back to our original question: Can Dogecoin reach $1? But how realistic are these beliefs? At press time, Dogecoin was trading for $0.08069 with a 1.90% daily drop. Cost basis and return based on previous market day close. And of course, there aren't any guarantees that those things will happen. Its humor has allowed Dogecoin to reach more people than more serious investments (boring!) Dogecoin has shown that it is still a solid investment choice. While it is generally agreed that Dogecoin can reach $1, the bone of contention is when this would happen. Having a strong community is often overlooked by crypto traders who can forget that its not always about having the best technology. Dogecoin has its own blockchain and is not an ERC-20 token. The all-time high for Dogecoin is $0.74, which it hit back in 2021, when billionaire Elon Musk was tweeting about the meme coin regularly. Dogecoin isexpected to reach maximum price of $0.1847 by the end of 2025. Its market share has gained so much that now it's the 10th biggest crypto player by that measure. Current supply of Dogecoin is 128,000,000,000 (128 billion). I LOOOOVE DOGE COIN!! If Dogecoin is very unlikely to reach 1000, then $10,000 is a pipe dream. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. However, Dogecoin still has the potential to reach 1 dollar. Advertisement Coins. So the answer to "could dogecoin hit $100" is always a big NO. Wallet Investor has a somewhat pessimistic DOGE price prediction, assuming that its average price would fall to $0.01069 by December 31, 2023. Dogecoin is open-source and uses a proof-of-work consensus mechanism making it very similar to Bitcoin and older cryptocurrencies, like DASH (DASH). But I wouldn't recommend going all in on this cryptocurrency. To do this, it needs to remain highly viral and a fun way to use cryptocurrency, which could be hard to do. Gov Capital also provided its forecast for this crypto-asset. We already know that he has offered support before in 2019 but was rejected by the developers.