Dogecoin has come a long way. From starting as a fork of Litecoin in 2013 to building one of the strongest cryptocurrency community cult-followings that has helped the project to trade mind-blowing volumes on the market, record numbers that can only be dreamed of by other meme coins. In this article, we will talk about Dogecoin and answer some of the ongoing questions that investors interested in Dogecoin might have such as; What is Dogecoin?, Is Dogecoin worth investing in?, Is Dogecoin a good investment?, When will DOGE reach one dollar?, and more on Dogecoin price prediction.
Table of contents
- What is Dogecoin?
- Dogecoin Price Prediction: End of 2021
- Dogecoin Price Prediction
- Will Dogecoin Reach $1?
- Is Dogecoin Worth Investing In?
- How to exchange BTC to DOGE?
What is Dogecoin?
Dogecoin is a community-driven and open-source digital currency created by Billy Markus and Jackson Palmer in 2013 to provide a greater appeal to the cryptocurrency world. According to its whitepaper, Dogecoin, allows anyone to operate a node in the Dogecoin blockchain network – in a similar fashion to existing Proof of Work blockchains such as Bitcoin and other cryptocurrencies.
Although the founders of Dogecoin started it as a joke, the cryptocurrency has attracted a lot of following, with Mark Cuban, Elon Musk, and even Vitalik Buterin among its most vocal supporters. Despite there being no unique use-cases for Dogecoin, the notoriously popular coin has found a use for itself on Dogecoin faucets, Reddit, and Twitter as a tipping system, rewarding creators for sharing quality content.
|Founder||Billy Markus, Jackson Palmer|
Dogecoin Price Prediction: End of 2021
Dogecoin dominated the crypto markets in 2021, recording volatility, volumes, and price movements often associated with scam coins and coordinated rugpulls. Dogecoin started the year at a modest price range, trading at 0.57 cents with a 24-hour volume of $228.9 million. By the end of the first month, Dogecoin was already trading at 2.8 cents and recording billions in daily trading volume.
Around April, the price began to take off in an unprecedented upside move, generating euphoric FOMO among crypto enthusiasts who wanted to get in on the action. Eventually, the meme coin reached an all-time high of 73.16 cents in early May (a 12,735.09% YTD increase at the time) and recorded almost $30 billion in daily volume. Then after a short while trading at ATH, Dogecoin plunged into a freefall that lasted until the rest of the year, ending 2021 with a value of 17.05 cents (~ 77% loss from ATH).
Dogecoin Price Prediction
2021 was a rollercoaster ride for Dogecoin holders. However, experts and speculators are ever ready to make calculated bets and predictions for the future of the unstable coin. We have gathered some of the intelligible predictions on the Dogecoin future price below.
Dogecoin Price Prediction 2022
2022 looks promising for Dogecoin. Having survived the storm of 2021, speculators are confident of a strong finish for Dogecoin in 2022. WalletInvestor predicts that Dogecoin will hit a maximum price of $0.3097, DigitalCoinPrice is more conservative with $0.16, and TradingBeasts expects Dogecoin to finish the year with a value of $0.17.
Dogecoin Price Prediction 2025
The future remains bright for Dogecoin. Speculators expect Dogecoin to attract more investors by 2025, and as a result, drive its value to new heights. WalletInvestors predicts a maximum price of $0.8 by December 2025, PricePrediction expects $0.56, and TradingBeast forecasts a conservative $0.34.
Dogecoin Price Prediction 2030
2030 is a long time from now. However, experts and speculators have provided some outlook for investors. PricePrediction predicts a maximum price of $3.37, while DigitalCoinPrice expects Dogecoin to continue trading below a dollar at $0.56.
Dogecoin Price Prediction 2050
Few speculators have seriously attempted to predict Dogecoin’s price in 2050. However, Market Realist, a finance site, predicts Dogecoin could hit $250 before the end of December 2050.
Dogecoin Price Prediction Reddit
A cursive look at the r/dogecoin page shows that predictions are a mix of comic relief and unsustainable hope generated from inexperienced users and funny mods. Therefore, relying on their advice is a risky business that we do not advise. It is always better you do your research before making any investment choice.
Will Dogecoin Reach $1?
Most speculators predict that Dogecoin will hit the $1 benchmark within the next five years. WallettInvestor and PricePrediction, predicts that Dogecoin will hit $1 by 2027.
Is Dogecoin Worth Investing In?
Dogecoin has a history of bouncing back from pullbacks, and this is evident in its performance over the past five years, where it has grown tremendously (~92000% in returns) for investors that can withstand its volatility. In addition, its growing appeal and the possibilities of Dogecoin to be accepted as payment by Mark Cuban’s Dallas Maverick, Elon Musk’s Tesla, Amazon, AMC Theatres, and others make it an appealing choice of investment with a promising future.
How to exchange BTC to DOGE?
Need to buy DOGE on a DOGE exchange? Look no further, Swapzone is one of the best exchanges to buy Dogecoin in the market. Swapzone is a fantastic Doge exchange that provides real-time swap offers and discounts. Here’s how to buy Doge or convert BTC to DOGE coin:
- Visit the Swapzone website.
- Select the proper pair (BTC to DOGE).
- Enter the amount of BTC you want to exchange for DOGE, and the aggregator will find the best offers available for you.
- Click the ‘Exchange’ button to go to an exchange platform
- Input the address where you want to send the DOGE coins.
- Send your money to the address you typed in.
- Go to ‘Proceed to Exchange’ and, if you want, leave a review of the website where you completed your exchange.
- Allow for the processing of the deposit and the completion of the DOGE exchange.
- Your coins should be in your wallet once the process completes.