Dogecoin had quite the year in 2021, but what will happen going forward?
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Dogecoin evolved from being little more than a well-known meme to announcing it was ready for serious business in 2021. What will happen to it in the future? What is the Dogecoin price prediction for 2025? Let’s take a look at DOGE and see if we can find out.
Dogecoin is pretty much the original memecoin. It was set up in 2013 largely as a joke, but after garnering attention after mentions from the likes of Elon Musk, re-established itself as the Dogecoin Foundation. The foundation aims to both promote and support the crypto, as well as define a roadmap for its future development.
Dogecoin price history
In terms of the DOGE price history, it’s fair to say that 2021 was the year when it really made its mark on the crypto sphere. The token got caught up in the crypto boom of the first few months of 2021, before it went on a bull run in April and May, reaching an all-time high of $0.7376 on 8 May. DOGE’s upward momentum was stymied when Tesla boss and Dogecoin enthusiast Elon Musk appeared on Saturday Night Live, implying that the crypto was “a hustle”. What began as a gentle fallback turned into a downward spiral after the Great Crypto Day Crash of 19 May inflicted a heavy blow on the cryptocurrency market, one that DOGE took months to recover from.
While DOGE ended up trading mostly in the $0.20s through the last few months of 2021, occasionally breaking the $0.30 barrier at times, a market slump caused by uncertainty around the Omicron variant of Covid-19 damaged the price of dogecoin. It closed the year at $0.1713, which although up by more than 3,000% from 2020’s closing price of $0.004682, was nevertheless down from where it had been trading even a couple of months before. Since then, DOGE has continued to drift downwards, trading at around $0.1660 on 18 January.
Dogecoin forecast 2025
It’s important to remember that long-term crypto predictions are very often wrong. Also, many crypto price forecasts are made using an algorithm, which can change at any moment. Never rely solely on price predictions – always do your own research, and never invest more than you can afford to lose.
LongForecast suggests DOGE will start 2025 at somewhere between $0.38 and $0.44 before rising to between $0.41 and $0.47 in February 2025. DOGE will then, it suggests, fall back with the site’s dogecoin price prediction for 2025 suggesting it will close the year somewhere between $0.23 and $0.27. If this forecast is correct, the coin will rise from where it is now, but it will not all be plain sailing, and there will be some way to go before DOGE matches or even beats the heights it reached in the spring of 2021.
CryptoBullsClub is a lot more optimistic about what DOGE can do over the next three years. It suggests that dogecoin will start 2025 somewhere between $5.48 and $6.09. The coin will then continue to rise month by month, it says, and there is a possibility that it will break the $10 barrier in December, when the price could be anywhere between $9.02 and $10.03. This forecast is incredibly optimistic and for it to come to pass, would need DOGE to rise by as much as 6,000% over the course of the next four years or so.
Sitting between the two predictions is gov.capital, which is more optimistic in its dogecoin price prediction than LongForecast, but less bullish than CryptoBullsClub. The site’s dogecoin prediction for 2025 sees the coin start the year at between $0.45645 and $0.61755. It forecasts DOGE to ultimately rise throughout the year, but with some peaks and troughs. For instance, on 6 May it should be between $0.70975 and $0.96025, but by 21 June will have dropped to between $0.5763 and $0.7797. The suggestion is, however, that dogecoin should close the year at somewhere between $0.5882 and $0.7958. The site’s forecast suggests that the coin will undergo a year-on-year rise, but will have ended the year in a worse position than at 2025’s mid point. There is even some suggestion that this could be the year that, however briefly, DOGE could break the $1 barrier, with a high-end prediction for 8 May coming in at $1.00395.
Finally, DigitalCoinPrice’s dogecoin projections suggest that the coin’s value will fall throughout the year, although it will be higher than it is at present and the overall variance is not as much as the move indicated by LongForecast. The site says DOGE will start 2025 at $0.3337, before rising to $0.3882 in February and then falling to $0.3440 in March. DOGE should then go on a bull run, hitting $0.3960 in May before dropping to $0.3677 the following month. There will be a bounce back in July, when it hits $0.4035, but then there will be a sustained bearish period where DOGE will fall to $0.3058. This will be followed by a period of recovery where the coin reaches $0.3693 in November before falling back to $0.3109 at the end of the year. If this forecast proves accurate, dogecoin will lose a little under 7% of its value across 2025.
Final thoughts
As we’ve seen, there is not really much consensus across the forecasts, with some being optimistic and some suggesting the dogecoin price will drop across 2025. Nevertheless, they all suggest that DOGE will go up between now and the start of 2025. This could mean one of two things: that dogecoin will be a standout performer across the next few years, or that the cryptocurrency market will continue to grow and DOGE will be carried along by that.
One threat to Dogecoin is that the last half of 2021 saw the rise of dogcoins, cryptocurrencies looking to ride on the coat-tails of dogecoin’s success. With the likes of SHIB and FLOKI garnering attention and investment, it’s possible that DOGE could be seen as old meme by the time 2025 rolls around. If that does happen, even the most negative forecast will seem wildly optimistic. On the other hand, dogecoin has acted in incredibly unpredictable ways before. We cannot say with any certainty whether DOGE’s devotees will be lining up to buy their Lamborghinis or whether they will have to sell all their possessions come 2025.
FAQs
It may do. Overall, it had a good year in 2021, but at present dogecoin is some way from reaching the heights it hit in April and May. While the overall forecasts are positive, it is worth pointing out that these can often be wrong – particularly when looking several years ahead. You will need to do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.
There is nothing to say that DOGE won’t break the $10,000 barrier one day, but you should exercise extreme caution. There are not many predictions that say it will even break $1 in the short to medium term, while the most optimistic forecast suggests only that it may break the $10 price barrier in four years or so. Be careful.
This is entirely a matter for you. Before you do so, you must do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.
