Ready to explode in 2024, the DOGE price action teases a lightning-fast move to cross beyond the $0.10 mark. Moreover, with the Dogecoin community being active at lower levels, the meme coin is on the verge of making new meme coin millionaires. As of now, Dogecoin (DOGE) operating activities definition price is $0.16 with Dogecoin market capitalization of $22,801,108,556.58. Please keep in mind that the asset’s past performance is not a guarantee of future results. We advise you to always conduct your own research if you are thinking about investing in cryptocurrency.
Table of Contents
The Bull Argument: Why Dogecoin Will Recover
As a result, Dogecoin started to gain more attention from online supporters, who called themselves the “Doge Army.” The Trezor Model T is a high-end device that can securely store more than 9,000 different types of cryptocurrencies, including Dogecoin. The device has a large touchscreen and a USB-C port, for easy interaction with the device and its web interface.
Build your skills with a risk-free demo account.
Bitcoin and many other cryptocurrencies are so formulated that they have a hard supply cap of currencies. By the time it is 2025, our Dogecoin forecast suggests that the coin might have reached a maximum value of $0.39, with a minimum price of $0.25. According to our Dogecoin prediction 2024, the meme coin may have minimum and maximum prices of around $0.085 and $0.26, respectively. Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency established in 2013. Originally created as somewhat of a joke about cryptocurrency, the token became fairly popular with cryptocurrency fans. The community and developer humor included in the project adds to its appeal and is probably what has made it last longer than many other cryptocurrencies.
Off Benzinga’s Most Powerful Trading Tools
Wallet Investor had a rather gloomy DOGE price prediction, suggesting that it could drop to a mere $0,014 by 20 April 2024. A summer rally brought the price up to $0.351 on 16 August but it fell again to $0.1945 on 26 September. DOGE climbed to $0.2819 on 24 October, but turned bearish https://cryptolisting.org/ into 2022 along with the broader markets, remaining in a downward trend with lower highs and lower lows. The information on this website is for educational purposes only, and investing carries risks. Always do your research before investing, and be prepared for potential losses.
DOGE Price Forecast for June 2024
After the FTX fallout, Das reminded that cryptocurrencies can be a major source for financial crises if they continued to be operated in a free environment. The Indian government has formulated a very tough taxation policy on cryptocurrencies. Effective from 1 April 2022, any income from transfer of VDAs is taxable at the rate of 30% (plus surcharge and cess). Moreover, there is also a tax deducted at source or TDS of 1% which is chargeable on all the VDA related transactions in India.
- Holders are unconvinced of its long-term potential because of the lack of any significant usefulness.
- Litecoin, once a top crypto, slipped beyond the top 20 in regard to market cap.
- The first of the dog-themed meme coins, Dogecoin was launched on December 06, 2013 by software engineers Billy Markus and Jackson Palmer.
It is important to remember that price forecasts, especially for something as potentially volatile as cryptocurrency, very often turn out to be wrong. Also, many long-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice. Wallet Investor forecasts future values of crypto assets such as Dogecoin using technical analysis. Wallet Investor has a somewhat pessimistic DOGE price prediction, assuming that its average price will have fallen to $0.02 by the end of 2024. According to the website, DOGE is a poor, high-risk 1-year investment option for those looking for virtual currencies with a high return. In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio.
In terms of gains, several other meme coins have outperformed DOGE in recent months, including BONK. Newcomers like Dogecoin20 offer an alternative to the older Shiba Inu-themed meme coins as well. DOGE has more than a decade of history and maintains a loyal following despite its lower short-term gains by comparison. Arguably, Dogecoin is the original meme coin—certainly the first to become a household name.