In this guide, we will voice our own and market’s opinion on DOGE future while discussing Dogecoin price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Dogecoin.
Now, let’s head into it. Before we delve deep into the Dogecoin price prediction and answer questions if DOGE is a good investment or not, why will DOGE succeed or fail or why will Dogecoin price rise or drop, let’s quickly throw a glance at what is DOGE and its to date history.
Dogecoin Price Prediction
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
DOGE Price Prediction For The Next 90 Days
Below is a tabular overview of how will DOGE develop in the short-term (for the next 90 days), according to our prediction model:
Dogecoin Price Prediction 2023
DOGE Price Prediction 2025
Our prediction model sees DOGE reaching $ 0.1287 in 2025.
What will DOGE be worth in 5 years?
The price of DOGE in 5 years could lie around $ 0, according to CaptainAltcoin’s prediction model.
Dogecoin Price Prediction 2030 – 2040
What Dogecoin will be worth in 2030?
Our forecasting model sees Dogecoin reaching $0 in 2030.
What Dogecoin will be worth in 2040?
Our forecasting model sees Dogecoin reaching $0 in 2040.
Will Dogecoin replace / surpass / overtake Bitcoin?
No, Dogecoin will not replace or overtake BTC.
Can Dogecoin reach $1?
No, our prediction model sees no possibility for Dogecoin to reach $1 in the short or mid-term period.
Can Dogecoin reach $10?
No, our prediction model sees no possibility for Dogecoin to reach $10 in the short or mid-term period.
Can Dogecoin reach $100?
No, our prediction model sees no possibility for Dogecoin to reach $100 in the short or mid-term period.
How high will Dogecoin go?
Our forecasting model sees Dogecoin price crashing and dropping to near 0 in a distanced future.
Is Dogecoin worth buying?
We do not see a bright future for Dogecoin. It is worth buying only as a short-term speculation with a good exit strategy. Dogecoin is not a good long-term hold.
Is Dogecoin a good investment?
Dogecoin is not a good investment in our opinion. Why? Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven.
Can Dogecoin make you a millionaire?
No, Dogecoin can not make you a millionaire as we do not see it doing a 10x price increase any time in the future.
How much will Dogecoin be worth?
For the short-term future, it could reach $0.0812. In the long-term (8-10 years), it will most likely drop to 0 or thereabouts.
Why will Dogecoin succeed and go up in price?
Dogecoin has a slim chance of succeeding. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. All of this summed up prevents Dogecoin to succeed and rise in price for the long-term.
Dogecoin Projections long-term
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will DOGE be among those 5%?
If we are honest, there is not much going on for Doge aside of this welcoming and ardent community. It is unreasonable to expect a long-term Dogecoin survival if that is the only hinge for the project.
Dogecoin is slowly dropping below the market cap positions it was in 2017, with no particular interest and real world use cases in sight, aside of sporadic utility in charity tipping. But Dogecoin communities is always a nice place for a good laugh – it is a meme kingdom of cryptocurrency world.
Why will Dogecoin succeed?
Why will Dogecoin fail?
Is Doge dead?
No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to 2017. Coin is also still listed on all major exchanges which indicates that Dogecoin is far from a dead project.
No. If Doge was to reach $10, bitcoin would have to be at $1 million per coin (assuming that their value ratio stays the same, very unlikely).
Yes, Dogecoin is a PoW coin that can be mined with the so called merged-mining techniques.
Speculation. Speculators are still majority in the crypto markets and they don’t care what they buy as long as they think it will bring them money.
Depends on the definition of the moon. If we are honest, Dogecoin had its zenit and it is all downhill from now on.
Considering Doge has a huge supply and no real world use, its upside potential is limited by pure market speculation and forces it can produce. If the overall crypto market rockets into another mania, Dogecoin could beat all the odds and reach insane heights. But that is not likely to happen any time soon.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com