Dogecoin Price Prediction For, 2020, 2025, 2028, 2030

Dogecoin started life as a joke cryptocurrency six years ago, but following sudden rises in value over recent months, some analysts are beginning to take it seriously. Here, we’ll offer a Dogecoin price prediction for 2020, and take a look at the coin’s historical performance and major milestones.

DOGE is based on the Scrypt PoW coins Luckycoin and Litecoin, has a fixed block reward of 10,000 DOGE, and a one minute block time with no limit on total number of coins created. The DOGE block height is currently above 2,837,744 and Inflation is currently 4.35%. 

After security concerns revolving around a potential 51% attack in 2014, the creator of Litecoin (LTC), Charlie Lee, proposed a merged mining solution for DOGE and LTC. Merged mining allows for cryptocurrencies with the same algorithm to be mined simultaneously. With LTC block reward halving set for this week, and some miners possibly running at a loss, DOGE hash rate will also likely be affected.

Also Read - Monero Price Prediction 

Current Statistics of Dogecoin:
The coin is dealing at 0.00227 USD
The ROI (Return on Investment) is marked as 532.07%.
The 24-hour volume of Dogecoin is noted as 43,354,911 USD.
The circulating supply has 120,274,812,489 DOGE.
The Market Cap is at 424,796,093 USD.

What Is Dogecoin (DOGE)?
 Dogecoin is a peer to peer, decentralized and digital currency that allows you to send money online easily. Dogecoin was initiated as a joke, but who knew it would become so significant in the crypto world. The Doge cryptocurrency is even used by retailers to accept payments.

 Its logo is a dog, that’s their friendly mascot which also makes them so much more likable among the social media crowd. It is a Shiba Inu, a Japanese breed of dog that shot to fame as an internet meme and represents the Doge crypto.

 The fact that Dogecoin was launched in 2013 and is still around in 2019 shouldn’t be sneezed at. That’s a long time in the world of cryptocurrencies and helps DOGE achieve legitimacy and credibility that other coins don’t have. It is one of the top 30 cryptocurrencies by market capitalization.

Market Prediction For Dogecoin Price 2020
With the market being volatile, predicting the cryptocurrency price is really one of the most difficult tasks.

Let’s consider Dogecoin predictions from distinct sources, which will give us a fairer idea:

Zakaria M
Zakaria M, one of the eminent Steemit blogger claims that a single Dogecoin would be worth $1 in 5 years time frame.He/she further added that with all other fiat currencies moving in and out of Doge, $1 or even $10 a Doge is reasonable in five years.”

Crypto Ground
Crypto Ground has predicted for the year and even 5 years down the line. They predicted that by 2019 end, DOGE might reach $0.0032, and in 5 years, it can touch $0.0119.

Wallet Investor
The website offers forecasts for just about every altcoin on the market where it claims that in one year, Dogecoin will cost $0.00376. Wall Investor also claims that the token could be worth as much as $0.00868 in five years time.

To be very optimistic, Dogecoin might increase to $0.0186 in mid 2020. What also makes Dogecoin attractive is that it takes lesser time than Bitcoin for processing of the blocks and as a result the transactions are fast. 

Also Read - How to mine Dogecoin and Earn Free Dogecoin. 
Dogecoin Price Prediction 2020
Dogecoin might hover around the $0.02 mark, where the maximum expected price might be $0.0284 and the minimum expected price will be $0.0214.
It is likely to reach the $0.03 mark by the end of this year, as this is the year of the cryptocurrencies. Dogecoin is likely to pick up from late 2018 as people are realizing it’s worth and they are getting over it being a mere crypto joke.

Dogecoin Price Prediction 2025
In a 5-year time frame, Dogecoin is likely to reach $0.04 mark. It might reach $0.05 also if it doesn’t come across any turbulence. Dogecoin price prediction suggests that the Dogecoin price is up for a long-term gain in the DOGE price value with a 5-year investment. This means that in 2025, the Dogecoin price is forecasted to stand at around $ 0.044. The lowest expected price in 2025 might be $0.281, and the highest expected price might be $0.0450. You can convert DOGE to BTC from CoinSwitch at best rates.

Dogecoin Price Prediction 2028
As per the Dogecoin price chart and the Dogecoin price analysis, Dogecoin has greater capability and might outperform other peer cryptocurrencies by 2028. It might even go up the ranking ladder and go ahead with major integrations and partnerships. This might increase the user adoption rate. By 2028, Dogecoin might reach $0.2.

Dogecoin Price Prediction 2030
Dogecoin might shape itself to be one of the top 5 cryptocurrencies, given its progress is stable. Their community might turn out to be one of the best one amongst its competitors. There is a probability that DOGE might integrate with profitable organizations, which might increase the valuation incredibly. By 2030, Dogecoin might reach $2.

Frequently Asked Questions (FAQ)

Q1. Is Dogecoin a good investment?
The predictions for the price of Dogecoin are positive, which explains that the price in the coming years can increase, making it a good investment.

Q2. Will Dogecoin price increase?
The market is facing a bullish pattern, and the price will likely rise due to the high adoption rate.

Q3.  What is the current price of Dogecoin?
Currently, Dogecoin is trading at $0.00229 as of January 2020.