Dogecoin has been a hot topic in the cryptocurrency world since its creation as a joke in 2013, gaining a massive following, thanks in part to endorsements from celebrities like Elon Musk. But the million ‘DOGE’ question is, “Will Dogecoin hit $1 by 2030?”
Source: Coinfomania
DOGE is currently trading at 0.106—a far cry from its May 2021 all-time high of $0.737—with a forecasted increase of 6.65% to $0.111 by September 3, per Coinfomania expert price prediction data.
Technical indicators suggest a ‘Sell’ market sentiment. Over the last 30 days, DOGE has seen 13/30 green days, reflecting a 43% positive trading trend. With a price volatility of -14.40%, DOGE exhibits moderate fluctuations. In the past 24 hours, DOGE has experienced a positive cruise of 2.26% since yesterday. The live market cap stands at $15,489,085,916, with a circulating supply of 145,572,836,383.705 coins out of a maximum supply of 145,637,626,383.705 DOGE.
Source: Coinfomania
Based on our technical analysis, Dogecoin Coin’s200-day SMA is projected to ascend over the next month, with a simultaneous short-term 50-day SMA expected to eye $0.11 by the same date. The Relative Strength Index (RSI) currently stands at 42.97, indicating a Neutral market sentiment for Dogecoin.
Predictions for September 2024, 2025-30 Shows An ATH Is In View
Dogecoin’s (DOGE) price has been struggling to break above the 50-day Exponential Moving Average (EMA) during the current bull cycle, pushing it to a three-day $0.098 bottom. However, a minor recovery has since pumped the meme coin back above the $0.10 threshold. If the bull run gains heat, DOGE’s price could reach $0.151. Conversely, a downturn could see prices fall to $0.077.
Going into the fourth quarter of 2024, Dogecoin is armed for a major jump, coinciding with the historically bullish October rally that often shoots altcoins upward. Additionally, a probable rate cut in September could fuel a larger market recovery, further shooting up DOGE’s price. By year-end 2024, DOGE is projected to seize $0.375, representing a 270% price increase from current levels.
By 2025, Dogecoin’s developers are expected to complete most of the new, utility-focused tech stack. This will make it easier for merchants to greenlight Dogecoin as a payment method. As a result, some analysts believe that Dogecoin could welcome new all-time highs, possibly eyeing $0.80.
DOGE and other meme coins in 2030 are expected to have increased their utility and gained widespread use cases. Some experts predict that Dogecoin could stabilize and potentially hit $1. This would mark a major milestone for a coin that started as a joke.
Factors Influencing Dogecoin’s Price
Several metrics could influence Dogecoin’s price in the coming years. The overall trend of the cryptocurrency market will play a significant role. If the market continues to grow, Dogecoin could benefit. Improvements in Dogecoin’s technology and its adoption as a payment method will be equally helpful. Then, there are endorsements from influential figures like Elon Musk, which can greatly affect DOGE’s price. Regarding scrutiny, changes in cryptocurrency regulations could either boost or hinder Dogecoin’s growth.
Crypto analyst Captain Faibik predicts that Dogecoin’s price is well-positioned to seize $1 during the first half of 2024. However, he advises caution, as sudden price corrections often lead to huge liquidations.
The post Dogecoin (DOGE) Price Prediction 2024 – 2030: Will DOGE Price Hit $1? If Yes, How Soon? appeared first on Coinfomania.
