Dogecoin (DOGE) Price Prediction 2024-2030: Will DOGE Price Hit $1 Soon?

• Dogecoin’s price might rally and hit $0.96 before the end of 2024.
• In 2026, the price of DOGE might jump and reach $1.35
• By 2030, with its community backing, DOGE could change hands at $3.37.

The history of meme coins in the crypto market cannot be complete without Dogecoin (DOGE). Though meme coins have existed for years, DOGE’s performance in 2021 ushered in trust for these projects which many have previously deemed to be a den of scams.

Besides that, Elon Musk’s support for the coin triggered superb growth for the project, and the price was able to hit incredible numbers within a short period. While DOGE has fallen from these peaks, there are speculations that the coin might surpass its previous high in less than a year.

Will it? Well, Coin Edition looks at the possibility. In this article, you will also learn about the price predictions of DOGE from 2024 to 2030.

Dogecoin (DOGE) Real Time Market Status

What is Dogecoin (DOGE)?

Dogecoin came to life after a fork from Litecoin (LTC) in 2013. The coin was created as a joke replica of Bitcoin (BTC. Furthermore, the idea of the logo came from the Shiba Inu dog meme. While DOGE took inspiration from Bitcoin, it does not exactly use the Proof-of-Work (PoW) consensus mechanism.

Instead, it uses a Scrypt technology with a block time of 1 minute. The process of mining Dogecoin is almost the same as that of Litecoin. In terms of its use case, DOGE is used for payments and tipping. Platforms like Reddit accept DOGE as a means of tipping users.

Furthermore, companies are accepting DOGE. Some of these include Elon Musk-led Tesla, Dallas Mavericks, Twitch, and GameStop. It is also important to note that billionaire Musk has not hidden his love for DOGE and shilled it a lot during the 2021 bull market.

Also, he has a representative on the Dogecoin Foundation’s board of advisors. Another notable personality on the list is Vitalik Buterin, Ethereum’s co-founder.

DOGE Current Market Status

DOGE’s price was $0.14 as of this writing. This was a 5.32% decrease in the last 24 hours. Like the price of DOGE, the 24-hour trading volume also fell. In the last 24 hours, the volume had decreased by 34.27% and was a little over $1 billion.

The maximum supply of DOGE is infinite. But the coins in circulation were over 144 million. Its market cap was $21.32 billion at press time.  DOGE is available on many exchanges. To buy DOGE, you can go to exchanges like Binance, Coinbase, Bybit, OKX, KuCoin, and Kraken.

Dogecoin (DOGE) Price Analysis

With many bullish price predictions on the radar, traders would want to know if buying DOGE would be a good choice. As a result, Coin Edition dedicates this segment to look at the short-term forecast, and price predictions from 2024 to 2030.

Dogecoin (DOGE) Price Analysis – Bollinger Bands

Unlike past times, the Bollinger Bands (BB) on the DOGE chart contracted. If the BB had expanded, it would have implied massive price fluctuation which could lead to big pumps. But that was not the case.

However, the lower band of the BB touched, DOGE at $0.14, indicating that the coin was oversold. With this position, the price could be ready to bounce, and a rise to $.16 could be possible.

Dogecoin (DOGE) Price Analysis – Relative Strength Index (RSI)

Indications from the 4-hour DOGE/USD chart showed that DOGE was oversold. This was because of the signals by the Relative Strength Index (RSI).

Readings of the RSI over 70 indicate an overbought point. On the other hand, readings lower than 30 suggest that a coin is oversold. For DOGE, the RSI was close to the oversold region, suggesting that the cryptocurrency’s momentum was bearish.

However, the data also indicated that a rebound could be close. Hence, DOGE could climb toward $0.16 to $0.18 in the short term.

Dogecoin (DOGE) Price Analysis – Moving Average Convergence Divergence

The Moving Average Convergence Divergence (MACD) measures momentum just like the RSI. Positive values of the MACD indicate bullish momentum. On the other hand, a negative reading indicates a bearish momentum.

As of this writing, the MACD was negative, suggesting that the momentum was not in favor of buyers. As such, there is a chance the DOGE’s price could slide a little downward and $0.12 could be likely before the potential bounce begins.

Dogecoin (DOGE) Price Prediction 2024

Many factors could determine DOGE’s price in 2024. Some of these could be technical indicators. However, traders should not ignore external factors and developments that are related to the project.

From the daily chart, the Accumulation/Distribution (A/D) indicator increased, indicating that traders were buying more DOGE despite the price decrease. Should accumulation continue to outpace distribution, then a rally could be in the works. 

Furthermore, our projections suggest that DOGE could get close to hitting $1 in 2024. But it could face rejection. However, the coin might increase past its all-time high and probably reach $0.96.

Dogecoin (DOGE) Price Prediction – Resistance and Support Levels

On the 4-hour timeframe, DOGE bulls formed support at $0.12. If intensely defended, the price of the coin might not slip drop below this level. On the upside, there was resistance at $0.14 while DOGE had broken through.

But a slip below this resistance could force the price to drop to $0.13. However, this might not happen as bulls might be targeting an increase. To get DOGE to increase further, the coin has to break through the $0.17 and $0.20 resistance on the charts.

Dogecoin (DOGE) Price Prediction 2025

Currently, Dogecoin’s followers on X is about 3.9 million. But by 2025, the potential integration of DOGE on the platform might drive that number higher. Should this be the case, the price of the meme coin might be influenced positively. Therefore, the price prediction of DOGE in 2025 is $1.20.

Dogecoin (DOGE) Price Prediction 2026

In 2026, DOGE’s price might continue to climb. However, the potential increase might not be as significant as traders might rotate profits from the coin into other cryptocurrencies. Hence, the price could be $1.35 by the end of 2026.

Dogecoin (DOGE) Price Prediction 2027

Dogecoin might find it hard to witness exponential growth in 2027. By this period, a lot of capital could be taken out of the crypto market. As such, a widespread decrease could occur, and DOGE might slip to $0.86.

Dogecoin (DOGE) Price Prediction 2028

2028 is the year the 5th Bitcoin halving would occur. For DOGE, this could be a bullish sign, and as such, the price is expected to pump. Therefore, the price prediction of DOGE in 2028 could be $1.72.

Dogecoin (DOGE) Price Prediction 2029

By 2029, the bull market might continue, and the market cap of DOGE could be over $50 billion. If this is the case, the price of the cryptocurrency might also jump higher. By the end of the year, DOGE could trade at $2.20.

Dogecoin (DOGE) Price Prediction 2030

DOGE’s price could break the $3 milestone in 2030. This could be due to increased adoption and a surge in capital allocated to the cryptocurrency. While the coin might swing sideways for a while, it could end 2030 at $3.37.

Dogecoin (DOGE) Price Prediction 2040

The 10-year difference between 2030 and 2050 gives Dogecoin a lot of room for growth. Within this period, the price of the coin might face some correction. But in the end, the price of DOGE might hit$5.25.

Dogecoin (DOGE) Price Prediction 2050

In 2050, DOGE might become a top 5 cryptocurrency in terms of market cap. Should this be the case, the price increase could be incredible. Hence, the price could be $8.50.

Conclusion

To end this article, it is noteworthy to remind you that DOGE is a memecoin. The project does not have any strong fundamentals. Even though it has a strong community, the coin remains a risky one to invest in.

However, this is not to say that the price would not increase. Instead, it is a warning to do your research before committing capital to buying Dogecoin.

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