Can Dogecoin reach $10000 or $1000?
Read our analysis on Dogecoin and Can Dogecoin reach $10000 or even $1000?
Latest Dogecoin Price USD
Dogecoin Price Performance So Far
| Last 7 Days | +1.4% |
| Last 1 Month | -19.5% |
| Last 12 Months | +81.0% |
Dogecoin – Buy or Sell Poll
- Aug 29th: +55.0%
- Sept 22nd: +50.0%
- Jan 21st: +42.0%
- Feb 29th: +47.0%
- Mar 2nd: +50.0%
- Mar 29th: +46.5%
- April 3rd: +46.1%
- April 8th: +45.7%
- April 25th: +45.1%
Dogecoin Price Prediction $10000: Can Dogecoin reach $10000?
No, Dogecoin can never reach $10000.
To reach $10000, DOGE will need to rise 67,508x. At $10000, the target market cap will be approximately $1,440.29 trillion. If DOGE were to rise at the pace of 25%, it will take approximately 50 years to reach $10000.Let us evaluate this data
- Quality of Investment– Moderate
- Time and Growth required to reach $10000– Not Feasible
- Market Cap at $10000– Not Feasible
Given the Market Cap required to reach $10000, there is no scenario in which Dogecoin reaches $100000.
Dogecoin Price Prediction $1000: Can Dogecoin reach $1000?
No, Dogecoin can never reach $1000.
To reach $1000, DOGE will need to rise 6,751x. At $1000, the target market cap will be approximately $144.03 trillion. If DOGE were to rise at the pace of 25%, it will take approximately 40 years to reach $1000.Let us evaluate this data
- Quality of Investment– Moderate
- Time and Growth required to reach $1000– Not Feasible
- Market Cap at $1000– Not Feasible
Considering the criteria Quality of Investment, growth required and time required, Dogecoin has no chance of reaching $1000.
This is again completely unfeasible. Check our more realistic scenarios like 50 cents and $1 – Will Dogecoin reach 50 Cents, $1?
Dogecoin Price Prediction 2024-2030
Analysis of Dogecoin
Dogecoin is a cryptocurrency based on the popular internet meme of a Shiba Inu dog and is often called a ‘meme coin’. It uses blockchain technology to allow for peer-to-peer transactions and has an unlimited supply. The price of Dogecoin is affected by the demand for Dogecoins and the supply of Dogecoins by Miners. Demand in turn is primarily driven by payments. More than 2000 Merchants accept Dogecoin.
How has the Value of Dogecoin changed?
- Jan 2015, 1 Dollar = 5470 Dogecoins
- Jan 2020, 1 Dollar = 493 Dogecoins
- Feb 2023, 1 Dollar = 11 Dogecoins
- Feb 2024, 1 Dollar = 8 Dogecoins
Over the last 8 years, the Dollar has lost significant value versus Dogecoin. Another way to see it is
- In 2015, a basic iPhone could be purchased with 1.1 Million Dogecoins
- In 2023, a basic iPhone can be purchased with 11000 Dogecoins
- In 2024, a basic iPhone can be purchased with 6000 Dogecoins
Read: Can Dogecoin realistically reach $100?
Check out the latest Dogecoin Forecasts by Experts and Social Media Influencers along with how accurate they were in the past.
Dogecoin’s Price History
Price movements are always one of the crucial factors to determine and predict the price of crypto. Below is DOGE’s all-time graph; we can see that the coin peaked at $0.682 in May 2021.
DOGE’s lowest price was $0.0000869 (in May 2015), meaning that it took 89 months for Dogecoin to reach its all-time high price of $0.682. Note that, it was 1866.6x growth from its lowest to its all-time high price.
In the last few years, Dogecoin price has been mostly influenced by the following factors
- Elon Musk’s Tweets
- Well-known merchants beginning to accept Doge as payment currency
- Liquidity in the market is primarily driven by the Fed’s interest rate policies
Note: Please consult a registered investment advisor to guide you on your financial decisions.