Dogecoin's current trading price on Wednesday is $0.39, having reached a monthly high of $0.46 last November. Due to the ongoing market slump, its price is facing a slight correction. Investors believe that with the market ready for a bull run, Dogecoin could potentially break the $1 barrier this time. Tesla CEO Elon Musk is pushing for Dogecoin to enter the White House and may increase its price on the charts.
However, the latest revised price predictions indicate that Dogecoin could reach the $0.98 milestone. This is just 2 cents away from the $1 target. In this article, we will focus on the tentative timeline for when Dogecoin might reach the $0.98 milestone.
Dogecoin's current trading price on Wednesday is $0.39, having reached a monthly high of $0.46 last November. Due to the ongoing market slump, its price is facing a slight correction. Investors believe that with the market ready for a bull run, Dogecoin could potentially break the $1 barrier this time. Tesla CEO Elon Musk is pushing for Dogecoin to enter the White House and may increase its price on the charts.
Dogecoin: When will Dogecoin reach the $0.98 milestone?
Finder's expert group predicts that the price of Dogecoin will reach $0.98 by 2030. That's nearly five to six years from today, making it suitable for long-term holding.
Compared to the current $0.39, this is an increase, with a return on investment (ROI) of approximately 150%. Therefore, if the prediction is accurate, a $1,000 investment could turn into $2,500 in the next five years.
An expert from the Finder group stated: "I believe Dogecoin will show some correlation with BTC and will grow accordingly as capital flows into the crypto market." "In the long run, growth will slow down due to its unlimited supply and lack of use cases," the prediction stated.
Dogecoin's success is largely related to Elon Musk, as he is the primary supporter of this meme coin. He plans to send a rocket named DOGE-1 into space.
If it accepts Dogecoin as the official payment method for X and Tesla, its price could soar to new heights.
