• Blogs
  • Dogecoin Price Prediction For 2023, 2024, 2025, and 2030 in INR and USD

Dogecoin Price Prediction For 2023, 2024, 2025, and 2030 in INR and USD

Dogecoin Price Prediction For 2023, 2024, 2025, and 2030 in INR and USD
Author: Rakshita Jain
29-Nov-2023

There’s a saying that goes, ‘Every dog has its day’, but when it comes to Dogecoin (DOGE), the dog theme crypto has had more than a decade. Created as a joke 10 years ago, today, it ranks 9 in terms of market cap, making it the most popular meme coin with a passionate community like none other.

Since it is a highly volatile cryptocurrency, Dogecoin's journey has been full of exciting turns and will stay so in the future, too. But in this exciting price ride where fortunes can be made and lost in the blink of an eye, investors need to stay prepared for what’s coming.

If you are wondering how to do this preparation, the blog below is the answer. Read on till the end to unlock all the mysteries related to Dogecoin price predictions, future possibilities, and other aspects.

Buy Dogecoin

Dogecoin (DOGE) Overview

Like Bitcoin, Dogecoin (DOGE) is a peer-to-peer cryptocurrency network with a dedicated native blockchain. It was created by software engineers Billy Markus and Jackson Palmer in 2013 when they decided to make fun of wild price changes in cryptocurrencies at that time. They chose a famous dog meme that looks like a Shiba Inu dog (a Japanese dog breed) as the logo for this new crypto and deliberately chose the misspelled word “doge” to name it.

Despite its satiric origin, DOGE was an instant hit in crypto as many saw it as a legitimate decentralized cryptocurrency. Unlike Bitcoin, which has a limited maximum supply of 21 million, DOGE has no fixed total supply. Currently, over 141.9 billion DOGE are in circulation, and 10,000 new DOGE coins keep coming into circulation every minute through proof of work (PoW) based mining by nodes.

Miners use computers to solve complex mathematical problems presented by the Dogecoin network to get the chance to validate transactions coming into its blockchain. The miner who solves the problem fastest gets to validate a block of transactions. In exchange, the miner earns a mining reward of 10,000 DOGE per block. The selected miner also collects user transaction fees to verify the transactions.

Dogecoin Key Metrics Value
Market Cap $10.94 billion
Market rank in market cap #9
Circulating Supply 141.96 billion DOGE
Total Supply 141.96 billion DOGE
All-time High $0.7376
All-time Low $0.00008547

Dogecoin (DOGE) Price History (2013 to 2023)

Dogecoin was first listed in the Crypto Market in December 2013 at around $0.00026 per coin. Immediately after it went live, its price soared in the first 15 days but fell below $0.00024 in the first week of 2014.

By the middle of January, the coin started to rally, securing a gain of 600% within 7 days by hitting a price of $0.0021. Soon again, the price started to crash in the initial days of February, bringing the DOGE price down to $0.0019. This decline continued further in the following months of the year. By mid-August, the DOGE price was down to $0.0001. The price recovered to some extent next month when DOGE hit $0.0004, but it still shredded 50% of its gained value by the end of the year.

2015 was no good for DOGE. The coin continued to decline for the first half of the year and reached a new low mark of $0.00009 in May. It hit its lowest price on May 6, when it hit $0.0000869.Though the coin managed to gain some upward traction in summer by crossing the $0.00020 mark by the year's end, it again fell low at $0.00015.

2016 came with some good news for DOGE as the coin price boosted 600% after two years in the early days of the year. However, it turned out to be a pump and dump as the price soon crashed towards the end of January. The rest of the year was almost flat, and the DOGE price was $0.00023 by the end.

Unlike 2015 and 2016, 2017 turned out quite amazing for DOGE. It started to surge from the beginning of the year, hitting the $0.0039 mark in May 2017. However, it was just the beginning of a tremendous bull run for DOGE as the actual price shooting started in December when the coin broke $0.01 near Christmas. It was the time when the market cap of the coin exceeded $1 billion for the first time. It was a surge of nearly 600% in the year.

This surge continued in 2018, too, when the coin peaked at $0.0167. It took over 18 months for DOGE to regain this price point after a prolonged low trading period when its hype was almost a fad. Soon, the price crashed down to $0.0032 after a month. DOGE attempted to resume its rally in the rest of 2018 but failed to go up above a cent value.

The year 2019 brought only a little excitement for the DOGE community as the price did not see any significant action, except for some short-lived surges in April and June when DOGE hit $0.0039 and $0.0044, respectively.

The start of 2020 proved bullish for DOGE as its price surged to almost $0.0050, but it could not sustain this gain and soon fell to $0.0011. After recovering by July, DOGE experienced a price rebound when it hit the $0.0056 price point. It finished the year at a decent price of $0.0047.

2021 was the year after Bitcoin halved in 2020. As expected, it proved highly bullish for the entire crypto market, including meme coins, blue chip cryptocurrencies, and other ERC-20 tokens. From the beginning, DOGE prices started an upward rally, breaking the price point of $0.01 on January 2, 2021. But the coin did not stop there; it continued to make vertical gains and soared nearly 400% by the end of January, hitting a $0.0875 value. After some chilled-out months, DOGE exploded in April when famous entrepreneurs like Elon Musk and Mark Cuban supported it.

When Musk called DOGE his favourite crypto and “the people’s crypto”, DOGE price roared 20% in only 1 day, reaching $0.32. Later that year, Musk tweeted that Tesla would accept DOGE for its merch in December, instantly soaring DOGE price to a whopping 43% in hours. The news hit the $0.20 mark, which adjusted to $0.18. The year has proved best so far for DOGE due to the bitcoin halving-driven bull run and unexpected support from one of the most influential entrepreneurs and investors.

With 2022 hitting in, the crypto market faced a cold crypto winter, where most meme coins bleed red throughout the year due to multiple institutional collapses and frauds surfacing in the crypto space. DOGE's price broke more than 50% in 2022. After 2023 came in, the coin failed to regain the price range around its ATH. Undoubtedly, the year started on a good note for DOGE due to improved market sentiments and the ending of crypto winter, as the coin surged from $0.06 to $0.08 by the end of the first month. After a short pullback, its rally continued in February, hitting the $0.096 mark in the initial days. However, it could not sustain this growth, and its price began to trend downward from the end of February until March. As a result, its price came down to $0.06583.

Soon, a meme coin season frenzy began, driving prices of all significant memecoins to a new upward rally that continued for the next few months. This rally was what DOGE needed to regain its lost gains. As a result, its price again crossed $0.096 in April 2023. But this meme coin season soon ended, starting a downward trend for DOGE prices. By mid-June, the coin was trading at $0.0615. The coin recovered losses in July when the market's bullish sentiments strengthened after Ripple Labs won its long-going legal battle against the US SEC. That month, DOGE price increased from $0.065 to $0.082 within weeks.

As soon as August began, the Dogecoin chart pattern reversed, and its price began to behave bearish for months. By October end, the anticipation of the first Bitcoin Spot ETF in the U.S. getting approval straightened. Consequently, the market reacted bullishly, and the currencies enjoyed a bullish ending of October. DOGE closed the October month at $0.071. This rally has been continuing in November. At the time of writing, DOGE is trading at $0.07625.

Let’s now analyze the future price possibilities associated with DOGE for the 2023 Year-end, 2024, 2025, and 2030, one by one.

Dogecoin (DOGE) Price Prediction December 2023 in INR and USD

As per the latest data, there has been a surge in the Dogecoin transaction volume to $665 million. It represents that the investor's interest in the coin is rising, along with the surging trust in long-term potential.

Additionally, a highly anticipated launch related to Dogecoin will take place in December. The Dogecoin community funded Astrobotic in 2015 and sent a bunch of “physical dogecoins” to the project. In exchange, Astrobotic included Dogecoin in its mission to the moon in 2021, which had a safe landing on the lunar surface. The fundamental essence of this step was to allude to Dogecoin going to the moon in the literal sense. This vision originally came from Elon Musk due to his craze for the meme coin. However, this DOGE-1 mission has been delayed multiple times for various reasons.

Recently, the updates of Physical Dogecoin sailing to the moon this December have surfaced, driving excitement in the DOGE community. Though the official update from the Astrobotic is yet to come, the community has already shown immense interest in the launch. Thus, if the launch occurs, DOGE can see a short upward rally in December 2023.

But before going bullish for December, it is also essential to acknowledge the currency turmoil caused by the U.S. SEC suing global crypto exchanges like Binance and Coinbase. Recently, the CEO of Binance, Changpeng Zhao, resigned after pleading guilty to money laundering. Its immediate bearish impact on the crypto market was visible. Therefore, December may see another scrutinizing step from the US SEC on crypto, causing DOGE prices to stay bullish.

Considering these things, our Dogecoin price prediction for December 2023 is $0.07716 minimum and $0.09101 maximum, with the average price being $0.08150. The exact Dogecoin price prediction in INR is 6.43 INR minimum, 7.58 INR maximum, and 6.79 INR as the average price.

Unit Maximum Price Minimum Price Average Price
DOGE Price USD $0.09101 $0.07716 $0.08150
DOGE Price INR INR  7.58 INR 6.43 INR  6.79

Dogecoin (DOGE) Price Prediction 2024 in INR and USD

The hype among its investors is the main contributor to the price surge of DOGE. All the previous bull runs in the coin were due to the participation of less experienced investors who traded DOGE to get rich quickly. Thus, the price movement of DOGE for 2024 highly depends on the investor sentiments and their intent to buy.

If Bitcoin spot ETFs get approved by the beginning of January 2024, it may give the required upward push to the entire market, including DOGE. Looking at many analyses and reports, the SEC is highly likely to accept multiple Bitcoin Spot ETFs in the coming days. If that happens, the floodgates for institutional funds in Bitcoin will open, causing unstoppable price surges in Bitcoin and other key cryptocurrencies. Thus, the bull market is the best chance for DOGE to have a prolonged upward rally.

Bitcoin halving is another factor in 2024 that can drive DOGE prices up by boosting investors' confidence in the market and PoW cryptocurrencies.

In other words, the factors driving bitcoin prices up can also initiate a DOGE bull run in 2024.

If Elon Musk makes any significant price-related announcement to elevate DOGE adoption, the coin can surge in price sign, benefitting its investors. However, the chances look slim as of now.

Considering all these factors, our Dogecoin price prediction for 2024 in USD is - $0.15 (minimum), $0.46 (maximum), and $0.27 (average).

If we talk about the Dogecoin price prediction in INR for 2024, it is - 12.5 INR (minimum), 38.33 INR (minimum), and 22.50 INR (minimum).

Unit Maximum Price Minimum Price Average Price
DOGE Price USD $0.46 $0.15 $0.27
DOGE Price INR INR 38.33 INR 12.50 INR 22.50

Dogecoin (DOGE) Price Prediction 2025 in INR and USD

The year after Bitcoin's halving year has historically proved the best for Dogecoin. 2021 is an excellent example of when Doge's price rose from $0.008882 to $0.5697 in less than 5 months. DOGE investors expect similar price movement in their favourite meme coin in 2025, the year after the next Bitcoin halving. Due to that reason, 2025 can be an extremely bullish year for DOGE.

But our analysis says there is more than what meets the eye here.

If we look into the tokenomics of DOGE, the 10 biggest holders of this meme crypto own 46% of its total circulating supply. It indicates enormous concerns about the centralized nature of this currency in the long run. If even 1 or 2 DOGE whales decide to dump their holdings in the market, the DOGE price can nosedive in hours. Moreover, it also means that ten community members hold almost as much power as the remaining community. Such an unequal token distribution can also lead to unfair price fluctuations where small investors face losses.

Another thing to consider is the quality of investors. Most Doge investors are here for the short-term profit due to its image of a “get rich quick” crypto. Therefore, as soon as the next bull run shows up, most DOGE investors could dump their holdings for profit, stopping it from staying bullish for long. Moreover, the DOGE coin also does not have a capped supply. It is an inflationary token that gives it extra sell pressure.

Considering all these scenarios in mind, our Dogecoin price prediction for 2025 is - $1.72 (maximum), $0.81 (minimum), and $0.65 (average). The same in INR is - INR 143.33 (maximum), INR 66.67 (minimum) and INR 54.17 (average).

Unit Maximum Price Minimum Price Average Price
DOGE Price USD $1.72 $0.81 $0.65
DOGE Price INR INR 153.08 INR 72.09 INR 57.85

Dogecoin (DOGE) Price Prediction 2030 in INR and USD

The 2030 price prediction for DOGE can have something to do with Elon Musk and his recent purchase of the Twitter platform. Musk bought Twitter in 2022 and expressed his plan to transform it into an “Everything app” like WeChat soon. His plan also includes the incorporation of trading and payment services in Twitter.

Many industry experts believe this plan can lead to Twitter (now known as X) accepting DOGE and BTC payments in the upcoming years.

The satirical nature of Elon Musk and his love for DOGE are the key reasons behind this possibility. If that occurs, DOGE adoption could skyrocket by 2030 or even sooner, taking its price to new ATHs.

If the community behind DOGE comes up with some real-world utility other than a transfer of value, then DOGE can have a bright future by 2030. By then, the crypto market would also have 2 bitcoin halvings in 2024 and 2028. If the custom of these halvings driving new bull runs every time continues, the 2030 price range of DOGE will be advantageous for its early adopters.

Therefore, our Dogecoin price prediction In INR and USD for 2030 is as follows:

Unit Maximum Price Minimum Price Average Price
DOGE Price USD $5.03 $3.22 $4.63
DOGE Price INR INR 419.16 INR 268.33 INR 385.82

Here is a combined tabular representation of the Dogecoin price prediction for 2023, 2024, 2025, and 2030 in USD.

Year DOGE Price (Max) DOGE Price (Min) DOGE price (Avg)
2023 $0.091 $0.077 $0.081
2024 $0.46 $0.15 $0.27
2025 $1.72 $0.81 $0.65
2030 $5.03 $3.22 $4.63

Dogecoin Price Prediction for 2023, 2024, 2025 and 2030 in INR:

Year DOGE Price (Max) DOGE Price (Min) DOGE price (Avg)
2023 INR 7.58 INR 6.43 INR 6.79
2024 INR 38.33 INR 12.50 INR 22.50
2025 INR 153.08 INR 72.09 INR 57.85
2030 INR 419.16 INR 268.33 INR 385.82

Will DOGE Ever Hit $1?

Doge hit its ATH of $0.7376 three years ago on May 8, 2021. It was the year after the last bitcoin halving of 2020. Since the next halving will occur in 2024, history will likely repeat itself, boosting DOGE to make a new and higher ATH by 2025. If that happens, DOGE will hit the $1 mark and even more. However, many factors like centralized token distribution, inexperienced investors, and various geopolitical factors can prevent it from happening or delay it.

You May Ask

What is the future of Dogecoin in 2024?

The future of Dogecoin in 2024 depends on investor sentiments, potential Bitcoin spot ETF approvals, and the impact of Elon Musk's announcements. If the SEC approves Bitcoin spot ETFs and Musk makes significant pro-Doge statements, the coin may experience an upward rally. However, concerns about centralized token distribution and the potential for short-term profit-seeking investors could pose challenges. The projected Dogecoin price in 2024 ranges from $0.15 to $0.46, with factors like institutional investment and market dynamics influencing its trajectory. Overall, Dogecoin's future in 2024 is on the positive side.

Should I buy Dogecoin in 2023?

The current DOGE price statistics tell that the coin is nearly 90% down from its ATH. Thus, it can be an excellent time to buy Dogecoin in 2023. However, it is essential to remember that the meme coin is highly volatile, and thus, you must do thorough research before investing in it. If you wish to diversify your investment portfolio with a meme coin, DOGE could be a good fit.

Where to buy DOGE in India?

Flitpay is the best platform for buying DOGE in India. Here, you can buy DOGE instantly at a minimum investment of 100 INR. It also provides seamless INR and crypto withdrawals to its users.

Is DOGE a good investment?

Whether DOGE is a good investment depends on your risk appetite, investment preference, market conditions, and many other factors. As the first meme coin to ever exist in crypto, DOGE has a first-mover advantage over other meme coins. However, its questionable tokenomics, highly speculative nature, and limited use cases make it a highly risky investment. Thus, thoroughly research it to determine whether it is an excellent investment to meet your financial goals.

Disclaimer: The content provided in this DOGE price prediction blog is purely for informational purposes and should not be considered financial advice. Cryptocurrency markets are highly volatile and subject to rapid fluctuations. Any investment or trading decisions based on the information presented here are at your own risk. It is recommended to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.

NOTIFICATIONSClose
ALL
USER
Nothing to see here!
It looks like you are already updated
Nothing to see here!
You must Login to see actions