Dogecoin is currently trading at $0.39 on Wednesday after hitting a monthly high of $0.46 in November. Its price is facing a slight correction due to the ongoing market downturn.
Investors believe DOGE could break the $1 mark this time as the market is gearing up for a bull run. Tesla CEO Elon Musk is pushing DOGE to the White House and could be bullish on the charts.
However, a new and revised price prediction suggests that Dogecoin could hit $0.98. This is less than $1 away from the target and 2 cents behind. In this article, we will highlight a tentative timeline for when the meme coin DOGE could hit $0.98.
Dogecoin: When Will DOGE Hit $0.98?
Finder’s team of experts has forecast that Dogecoin will reach $0.98 by 2030. This would be roughly five to six years from today and would be considered a long-term holding. That’s a gain and return on investment (ROI) of about 150% from the current price of $0.39. Therefore, a $1,000 investment could turn into $2,500 in the next five years if the forecast is correct.
“I think Dogecoin will show some correlation with BTC and will grow in line with the capital flowing into the crypto market,” said a Finder expert. “In the long run, growth will slow down due to unlimited supply and lack of use cases,” the prediction said.
Much of Dogecoin's success is tied to Elon Musk, who is the main backer of the meme coin. He has proudly declared that DOGE is the "people's currency" and has plans to launch a rocket into space called DOGE-1.
If Musk accepts Dogecoin as official payment for X and Tesla, its price could skyrocket and reach new heights. However, despite being a firm believer in DOGE, Musk has yet to officially use it to purchase his products.
