Dogecoin Price Prediction: DOGE Crashes as Outlook Remains Negative

Dogecoin Price Prediction: DOGE Crashes as Outlook Remains Negative
July 1st, Dogecoin Price Prediction: For the next few hours the price of DOGE is predicted to trade in the range of $ 0.062 and $ 0.065.

The momentum for the next few hours is Negative.

The Dogecoin Price Prediction 2022 is $0.12

Dogecoin Price Prediction 2025 is $0.25

Dogecoin Price Prediction 2030 is $2.68

The latest Price of Dogecoin is:

Dogecoin Performance in 2022

Time PeriodShiba InuBTCEthereumDogecoin
Last 5 Days-7.89%-7.32%-11.6%-12.2%
YTD-70.2%-58.8%-71.8%-62.4%

Dogecoin Price Prediction: Today’s Outlook

IndicatorsTrend
Market DataLower
Market CapLower
TechnicalsSell
Market Cap RankSteady
Trading VolumeLower
Crowd’s WisdomNegative
Google TrendNeutral
Social Media BuzzLower
Net SentimentHigher

Dogecoin Prediction: Technicals

SupportResistanceRecommendation
Investing.com$ 0.062 (S3)$ 0.065 (R1)Sell
Trading ViewNANASell
YouTube video

Dogecoin Price Prediction: Google Trends

The search volume for Dogecoin is neutral compared to yesterday.

Doge Price Prediction: Latest Market Capitalisation and Volume data

MetricValueTrend
Market Cap Rank10thSteady
Current Market Cap$ 8.55 BLower
Volume Traded in Terms of $ Value$602 MLower

Dogecoin Forecast 2022

Average Dogecoin Prediction 2022$0.12
PricePrediction.net$0.12
TechnewsLeader$0.12
CrytoPrediction.com$0.11

Dogecoin Forecast 2025

Average Dogecoin Price Prediction 2025$0.25
TechnewsLeader$0.39
CrytoPrediction.com$0.11

Dogecoin Price Prediction 2030

Average Dogecoin Price Prediction 2030$2.68
TechnewsLeader$2.68

Dogecoin Price Prediction: How many Dogecoin Holders are in Profit?

Holder’s Making Money At Current Price: IntoTheBlock 

Holders Making Money at Current Price

Date% Holders Making Profit% Holders Losing Money
July 1st51%47%
June 30th52%47%
June 29th44%48%

Dogecoin Price Prediction: Latest Dogecoin News and Tweets

Dogecoin Price Prediction: Social Media Buzz

LunarCrush StatisticsVolumeNet Buzz
Social Mentions55.6 KLower
Social Engagement121 MLower

Dogecoin Price Prediction: Social Media Sentiment

Last 7 DaysLast 24 HoursTrends
Net Sentiments ($Doge)+6%+4%Higher

Dogecoin Future Price Prediction

Predicting the future price of a cryptocurrency is highly difficult and most of the time the prediction turns out to be wrong. However, we have considered multiple platforms in order to come to the conclusion for Dogecoin Future Price Prediction. Here are the different platforms that we have considered to predict the future price of Dogecoin:

PricePrediction.Net

Pricepredicton.net uses deep artificial intelligence in order to predict the future price of Dogecoin. The platform uses historical data, market cap, volume, and many other parameters to determine the price of the cryptocurrency.

As per them, in 2022 the price of Dogecoin is predicted to reach a minimum level of $0.097. The maximum price that Dogecoin can reach in 2022 is $0.12 and the average price predicted for Dogecoin by PricePrediction.net is $0.10.

Accordingly, Dogecoin is predicted to reach a minimum level of $0.15 in 2023 according to them. The maximum predicted price for Doge in 2023 is $0.17 and the average Dogecoin price for 2023 is $0.15.

In 2025, the price of 1 Dogecoin is expected to reach a minimum level of $0.30. The average predicted price of Doge in 2025 is $0.31 and the maximum price that Dogecoin can reach in 2025 is $0.37.

CryptoPredictions.com

As per cryptopredictions.com, the maximum predicted price for Dogecoin in 2022 is $0.147. For 2022 the average Dogecoin price prediction by cryptopredictions.com is $0.11 and the minimum price that Doge could reach in 2022 is $0.09.

In 2023, Dogecoin could hit $0.153 as its maximum price while the average price could remain at $0.12 in 2023. However, the minimum price prediction for Dogecoin in 2023 is $0.10.

For 2025, the minimum price prediction for Dogecoin is $0.10 and the maximum price prediction for Dogecoin in 2025 is $0.162. The platform estimates the average price of Dogecoin in 2025 could be $0.13.

Coin Price Forecast

As per the CoinpriceForecast, the maximum forecasted Dogecoin price at the end of 2022 is $0.18. The average price of Dogecoin in 2022 could be $0.17 per 1 Dogecoin.

Wallet Investor

Wallet Investor expects Dogecoin to test a high of $0.143 in 2022. In the next 5-years, Wallet Investor’s price prediction for Dogecoin is $0.630.

Trading Beasts

Trading Beasts are bullish in the long run for Dogecoin. As per their price prediction, Dogecoin is expected to end 2022 at $0.152. The average Dogecoin price prediction for 2022 by them is $0.11 and the minimum price prediction is $0.09.

For 2023, Trading Beasts predicts the minimum price to be $0.09 while the maximum predicted price for 2023 is $0.17.

In 2025, Dogecoin could breach $0.22 as per Tradingbeasts. The minimum price of Dogecoin in 2025 could b $0.13 and the average price is predicted to remain at $0.16.

Coinskid

Coinskid is moderately bullish on Dogecoin in the short term. In 2022, the maximum price prediction for Doge is $0.1671 and the minimum price prediction for 2022 is $0.1273 by Coinkid. The average Dogecoin price for December 2022 is $0.1472.

Dogecoin Price Prediction: Frequently Asked Questions

Can Dogecoin Reach $10?

Dogecoin’s current value is below $0.010 and the total market cap of Dogecoin is around $702 M. Market cap is the product of the current value and the total circulating supply. As per the latest data the current circulating supply of Dogecoin is 132,670,764,300 coins. The total supply of Bitcoin is 19,054,143 and the market cap is around $603 B.

Now taking the supply of Dogecoin to be 132,670,764,300 coins and assuming the price of Doge reaches $10, the total market cap of Doge would be over $10 T.

For Dogecoin to reach $10 the supply must be burned. Added to it there must be the increasing interest of investors in Dogecoin. Therefore, it is unlikely for Dogecoin to reach $10.

What will Dogecoin be Worth in 2030?

Dogecoin has been one of the consistently performing cryptocurrencies in 2022. Doge has the huge backing of Tesla CEO Elon Musk. Recently, Musk’s SpaceX made an announcement allowing the use of the Dogecoin to buy merch from SpaceX.

In the past, we have noticed that Elon Musk has been the biggest promoter of Dogecoin and his tweets have helped the rise of Dogecoin. But in recent days, the price of Doge has been below $0.10. If there is no substantial rise in the price of Dogecoin, we may not see a major surge in the price of Dogecoin.

As per the analysts, the latest Dogecoin Price Prediction 2030 is $2.31.

Dogecoin Price Prediction 2022: How to Buy Dogecoin: The Easiest Way

Dogecoin can be brought from multiple sites including online brokerages as well as online exchange websites. However, before making the first trade with Dogecoin you will need to follow few steps common to almost all crypto purchases. Here are the steps for “How to Buy Dogecoin”:

  1. Decide on a Cryptocurrency Exchange
  2. Create your account with the Exchange
  3. Verify your Identification
  4. Select a Payment Option and Fund Your Wallet
  5. Make Purchase
  6. Store Your Purchased Dogecoin

Dogecoin Price Prediction 2022: Where to Buy DogeCoin?

Dogecoin is available on Coinbase, eToro, Robinhood, Gemini, SoFi, Binance.US and Webull. Every platform has its own fee charged for making every transaction.

Why Dogecoin would be the Future Currency of the Internet by CEO of Robinhood

Robinhood CEO Vladimir Tenev took to Twitter to explain how DOGE could become the future currency of the internet. His tweet read,

“Can #Doge truly be the future currency of the Internet and the people? As we added the ability to send/receive DOGE on Robinhood, I’ve been thinking about what that would take.

First off, transaction fees have to be vanishingly small. We’re already there. As of last Nov’s 1.14.5 update, typical transaction fees have been ~$0.003 – which you can experience on @robinhoodapp – compared to the 1-3% network fees that major card networks charge.

Ideally, the block time (time between successive blocks being added to the chain and to verify a transaction) should be fast enough that the transaction can be recorded in the next block in less time than it takes to pay at a point of sale terminal.

But it shouldn’t be so fast that miners start building up too many competing chains and waste excessive amounts of energy establishing consensus.

Doge’s current block time is 1 minute. This is a bit on the long side for payments – a ten second block time would be more appropriate as it would be less than the typical time spent completing a debit card transaction.

Currently, with a 1MB block size and 1 minute block time, Dogecoin’s throughput is about 40 transactions per second (tps).

As a comparison, Visa’s network can theoretically handle 65,000 tps. Doge would need to be able to significantly outperform Visa, which entails increasing throughput by at least 10000x. Fortunately, this is easy to solve simply by increasing the block size limit.

Moving to a 1GB (and later 10GB) block size limit would provide all of the throughput a global currency would need for the foreseeable future. L2 solutions are not necessary to solve this problem.

Now, critics will claim that this will come at the cost of enthusiasts being able to run a full node on a Raspberry Pi at home. Processing 10GB in blocks per minute will require more sophisticated hardware. And I think that’s actually a fair tradeoff.

Another criticism of Doge is that it’s inflationary and the supply is infinite, as opposed to Bitcoin’s finite supply of 21M coins. ~5B new Doge are created every year, and the current supply is about 132B. This results in a current inflation rate of <5% – less than USD!

Moreover, the fixed issuance means that the inflation rate actually declines over time, and in a couple of decades it will be below 2%.

Dogecoin core devs, I would focus on one thing: coming up with a good process for increasing the block size limit over time. Let me know what you all think!

Dogecoin Price Prediction 2022: Is Dogecoin Only A Meme Coin?

Dogecoin was started as a joke coin when investing in Bitcoin was impossible for the major section of Crypto enthusiasts. Dogecoin soon garnered attention after big names like Elon Musk, Snoop Dogg, Lil Yachty, Kevin Jonas and Gene Simmons started voicing for Dogecoin.

Gradually Dogecoin, which was started as a joke coin became a mainstream coin with multiple projects being developed on it.

Dogecoin Foundation, which aims to support the development of the meme coin has recently announced the dogecoin “trail map” that features eight projects, including the launch of LibDogecoin and GigaWallet. LibDogecoin is a clean C Library of Dogecoin building blocks while GigaWallet is an enterprise-ready Dogecoin service.

Apart from these projects, Tesla CEO made an announcement that buyers can use Dogecoin to buy some merchandise. Apart from Bitcoin, Dogecoin became the only crypto to be accepted by Tesla.

How to Buy DogeCoin?

Dogecoin is available on Coinbase, eToro, Robinhood, Gemini, SoFi, Binance.US and Webull.

Read: ADA Cardano Price Prediction and Forecast.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in stocks or coins. Please consult a registered investment advisor to guide you on your financial decisions. 

Dogecoin Price Prediction

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