Even though the value of Dogecoin may have plunged tremendously since the bull run in 2021, it's not fair to say that Dogecoin is dead. In this article, we will be taking a look at what caused the DOGE crash and whether Dogecoin has a good chance to recover in the future.
Our most recent Dogecoin price forecast indicates that its value will increase by -2.56% and reach $0.061428 by June 20, 2023.
The average price of Dogecoin could exceed $0.092701 this year. Within the next 5 years, the price of DOGE is expected to rise above $0.420243.
Dogecoin Short-Term Outlook
And it's unlikely that this popular meme token will regain its value in the next few weeks. It's likely to return to $0.10 in the near future. But the likelihood of DOGE hitting anywhere near its all-time high of $0.740010 is low for this year.
's price today is US$0.06076, with a 24-hour trading volume of $326.76 M. is +0.00% in the last 24 hours. It is currently -15.94% from its 7-day all-time high of $0.07229, and 10.78% from its 7-day all-time low of $0.05485. has a circulating supply of 139.78 B .
Overall, the DOGE price in 2023 could reach between $0.10 and $0.182, setting the coin up for an explosive 2024.
It may be a fun concept, but Dogecoin isn't a good investment. It doesn't derive value from another asset, as stablecoins do, or add value to any financial system, such as Ethereum (ETH -0.02%). Dogecoin's biggest asset, aside from its entertainment value, is its community.
Besides experiencing a speculative craze like the one it experienced in early 2021, it seems unlikely Dogecoin could hit $1 per token simply based on the fundamentals. Maybe it will have real-world uses in the future. But this is where the cryptocurrency truly has no advantage.
On top of that, all of the other best cryptos to buy in 2023 have ERC-20 tokens and run on the Ethereum blockchain. That's a significant vote of confidence in Ethereum and demonstrates that this remains the number one platform for development in the crypto world.
At the very top of the ChatGPT's list of cryptos that will explode in 2023 is AiDoge ($AI), a crypto that breaks all records when it comes to its presale.
With the current circulating supply, Shiba Inu is unlikely to reach 1 cent any time soon. The overall market cap of Shiba Inu has been fluctuating around $4 billion for the last couple of weeks.
In that case, you can redeem yourself by checking out these nine next big cryptos, including AiDoge, RobotEra, yPredict.ai, EcoTerra, DeeLance, Love Hate Inu and more, that should be on your investment radar in 2023.
Our Conclusion. Taking everything into consideration, we need to say that it's not too late to buy DOGE in 2023. Furthermore, this cryptocurrency can unleash its potential in the future. You can use this asset for long- as well as short-time investments.
Decide how much to invest in dogecoin. Financial planners generally recommend investing no more than 3% to 5% of your money — an amount you are willing to lose — in highly volatile assets like cryptocurrencies.
High Growth Crypto Coins and ApeMax: 10 Crypto Coins with 1000x Potential with ApeMax, Big Eyes, Ethereum, Shiba Inu, Chainlink and more.
The top 5 cryptos under $1 that could give 50x gains in the 2023 bull market are RenQ Finance, Shiba Inu, Cardano, Dogecoin, and Algorand. As with any investment, it is important to conduct your due diligence and invest only what you can afford to lose.
We have narrowed down our choice of crypto coins that are expected to pump 30x before 2024 to eight. Prime suspects among them are Love Hate Inu (LHINU), DeeLance (DLANCE), Metropoly (METRO), Ecoterra (ECOTERRA), and RobotEra (TARO), as these tokens represent a new era in crypto development.
Musk first lauded Dogecoin in 2019, posting on Twitter before he bought it that it could be his “fav cryptocurrency.” Prices jumped 16% that day.
If Dogecoin were actually to find itself a place on Twitter in 2023 then there's every chance that Dogecoin could reach $1. But can Dogecoin reach $20? That's likely too far out of reach. For Dogecoin to be worth $20, its market cap needs to grow to $2.7 trillion.
Value. Since the inception of both coins, Dogecoin has always been worth more. That will probably continue to be the case as it is a much more widely followed coin. Ironically, it also has unlimited coins, which comes into play under normal circumstances, except against a coin like Shiba Inu.
Glauber Contessoto, 33, invested over $250,000 in dogecoin in February. Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year.
Dogecoin (or DOGE) is a cryptocurrency that was created in 2013 by two software engineers, Billy Markus and Jackson Palmer. It was initially created as a joke, based on the popular internet meme of a Shiba Inu dog. The developers were making fun of Bitcoin and the speculative cryptocurrency markets at that time.