Dogecoin was launched in 2013 as a joke to parody Bitcoin. The flagship meme currency garnered support from investors around the world who appreciated its ‘fun’ element. Not many users believed that it could make early investors millionaires but that’s the beauty of the markets. Nobody can predict how and when financial assets could move as the markets go in their own direction.
The meme coin also got support from Tesla CEO Elon Musk, who announced that he invested in it. There was no turning back for Dogecoin since then and it is now the darling of the cryptocurrency markets. Now that Dogecoin has completed nearly 10 years, what could be its valuation five years from now? Will it deliver stellar returns again and breach the $1 mark next? Let’s find out!
Dogecoin: What Will DOGE’s Price Be 5 Years From Now?
Dogecoin is currently trading at $0.07 and is considerably down from its all-time high of $0.73, which it reached in May 2021. Now, market and price forecasting firm BitNation paints a rosy picture for Dogecoin in the next five years.
According to the price prediction, Dogecoin could reach a maximum high of $0.49 in 2028 with a minimum price of $0.44. That’s an uptick of nearly 600% from its current price of $0.07 in the next five years.
The forecast uses technical indicators such as the relative strength index (RSI), moving average convergence divergence (MACD), moving average (MA), average true range (ATR), and Bollinger Bands (BB).
However, the price prediction shows that Dogecoin might not touch the $1 mark before the end of the decade. According to the estimation, DOGE could reach a maximum high of $0.63 by the end of 2030.