Dogecoin (DOGE): rate, wallet, Dogecoin forecast for 2022

Dogecoin
Dogecoin (DOGE) was originally intended as a joke, and no one thought that it would turn into anything more than just a joke. The coin, designed by Billy Marcus, was named after an Internet meme - the famous Shiba Inu dog. Back then, Marcus could not even imagine that the joke coin would take a serious place in the ranking of popular cryptocurrencies.

In this article we will take a closer look at what this Dogecoin is and what makes it unique.

• What is Dogecoin
• Team
• Technology
• Advantages and disadvantages
• Dogecoin rate and capitalization
• Where to buy Dogecoin
• Dogecoin wallet
• Interesting Cooperation and Initiatives
• "Save DOGE"
• "Dogecoin: Accepted Here"
• Dogecoin meme is a hero of internet creativity

What is Dogecoin

Launch of Dogecoin
Dogecoin (Dogecoin)

is a cryptocurrency created by Billy Marcus at the end of 2013. Initially it was intended as a joke, but later it entered the TOP of the most famous cryptocurrencies. Technically it is a fork of Litecoin. Mainly used to participate in charitable and environmental projects, as well as to purchase goods in various stores.

The Dogecoin cryptocurrency was created by developer Billy Marcus in December 2013, just for fun. However, the unusual coin almost immediately after its launch attracted the attention of the crypto community: users discussed DOGE on forums and distributed pictures with a funny meme on the Internet.

After the coin became popular on the Internet, Jackson Palmer became interested in it, who started a channel on Twitter and bought the dogecoin.com domain. He created a simple website and added a logo image that featured the famous dog meme and wrote the text in Comic Sans font.

Marcus accidentally “stumbled” upon this site and decided to collaborate with Palmer to further work on the development of the coin. The Dogecoin cryptocurrency was based on another joke coin, Luckycoin (LKY), which, in turn, is a fork of the Litecoin (LTC) cryptocurrency, which is a fork of Bitcoin.

Quite quickly, a community formed around Dogecoin, which actively participated in discussing the life of the coin. To popularize Dogecoin, the developers were engaged in free “distributions” of DOGE among active participants in official channels on Reddit, Twitter and other social networks.

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Subsequently, the coins distributed were called shibes.

Today, the Dogecoin cryptocurrency is a coin that is mainly used to collect charitable projects of various types and environmental initiatives.

Official Dogecoin website

History of the Doge Token

The joke token was introduced to the world in December 2013. The project is known for its repeated participation in charitable activities. In January 2014, he took part in a charity event to raise funds for the Jamaican national team. The latter did not have enough money to take part in the Olympic Games.

In March of that year, Dogecoin was used to raise funds to support driver Josh Wise in the 2012 Naskar Sprint Cup Series. At the next race, he drove a car with the Dogecoin logo.

A year later, project founder Jackson Palmer announced he was leaving for a long vacation. In fact, the project remained on its own. For a long time nothing was heard of him. But the community remained and interest in the coin did not disappear.

At the beginning of January 2022, when there was a major cryptocurrency peak, Doge updated its all-time high of $0.017, and its total capitalization reached $2 billion. But then the entire crypto market went into a major correction.

The coin loudly announced itself again in the summer of 2022. The reason was a flash mob on the TikTok social network. At that time, the rest of the cryptocurrency market was in “oblivion.”

Another six months later, when a new cryptocurrency boom began, the asset surprised the crypto community with an increase of 800% (eight times) in just 24 hours. The January peak of 2022 was the price of $0.07. The reason was the attention of Reddit users. They started talking about Dog as an undervalued asset.

Cryptocurrency investors began actively purchasing the token. Also, Reddit users agreed not to throw off the crypt in the event of a drawdown in order to maintain the price. Their goal was to bring them to the TOP - 3 in terms of capitalization.

A new high of $0.08 was recorded in February. This time thanks to a tweet from Elon Musk. But the hype for the “dogs” didn’t end there. Mark Cuban dissected the possibility of purchasing tickets to matches for Doge tokens. In May of this year, the crypto asset showed a new height of $0.50. Thus, over a one-year period, the coin soared by more than 20 thousand percent.

First, the token rose to the top ten of the largest digital currencies, and later reached fourth place, displacing xrp for some time.

Who is the founder of the Doge coin project

The creators of the digital “dogs” were Portland programmer Billy Marcus and software engineer Jackson Palmer. The goal of creating a new project was to get closer to the demographic group and distance itself from the history of Bitcoin. But the main goal was to show people that investing huge amounts of money in electronic currency is completely absurd.

In 2013, Bitcoin was used as a means of payment when trading prohibited goods (drugs, weapons). This greatly undermined his authority at that time.

The official launch of the Doge cryptocurrency took place on December 6, 2013. Already in the first month, the official website was visited by more than a million people. The project came to life and continued development. In 2015, Palmer left his brainchild, sending it into free swimming.

Team

Doecoin Creator Billy Marcus
The Dogecoin team is still represented by Billy Marcus and Jackson Palmer, as well as a large community of miners and enthusiasts.

Let's tell you a little about the developers:

• Billy Marcus
  (known on the Internet as Shibetoshi Nakamoto) is the founder and creator, responsible for the technical part of the project, including the development of the official Dogewallet wallet, and the main and only programmer of Dogecoin. The idea was to create a “positive” coin that has no connection with “dirty” matters such as drugs, illegal weapons and child pornography (a reference to Bitcoin);
• Jackson Palmer
  is a co-founder of Dogecoin and a designer at Adobe. Responsible for the design and marketing of Dogecoin. His participation in the project began with the fact that he made a comic post about Dogecoin and bought the dogecoin.com domain.

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But here we need to make a small correction regarding Jackson Palmer. The fact is that back in 2016 he announced that he was leaving the project, that he had sold all his DOGE and that the crypto industry is a crowd of “white male libertarians” who want to make “quick” money from the “hype” around crypto.

However, the Dogecoin community cannot come to terms with this “loss” and constantly turns to the former founder of DOGE, which makes Jackson very angry. He recently spoke angrily about this on his Twitter account:

Jackson Palmer's angry tweet

People please don't bother Jackson, he doesn't like doggies anymore

Is it worth investing?

Investments in Dogecoin are high-risk. This asset belongs to the high-risk class. Since it has no fundamental practical value for the economy and rests solely on the activity of the community, investing in it is risky. Investments in it are unstable. Therefore, many exchanges offer limit orders. This way you can average the purchase costs to reduce investment risks.

However, no one denies that you can make money with Dogecoin. However, you need to understand that it is unknown when Dogecoin will rise and when it will decline in the market. If an investor has sufficient funds that he does not mind losing, then he can invest part of his finances in an asset. But he must understand that at any moment the market situation can change, and his investments can burn out.

Investing in a cryptocurrency like Dogecoin is extremely risky!

Technology

Dogecoin technologies
As mentioned above, Dogecoin (DOGE) was created on the basis of Luckycoin (LKY), an interesting feature of which was that for generating a block the miner received a random number of coins as a reward (hence the name).

Initially, Dogecoin mining was also based on this principle - for finding one correct nonce you could get from 0 to 500,000 DOGE, but in March 2014 the reward became fixed. The network complexity is recalculated every 240 blocks.

At its core, the Dogecoin cryptocurrency is a fork of Litecoin and uses the same encryption algorithm - Scrypt. Its peculiarity is that it is not the calculation speed that is critical, but the amount of RAM. This requirement allows you to use for mining not only highly specialized ASIC devices (which, of course, have already been developed for this algorithm), but also graphics processors (video cards) that have large RAM - at least 2 GB.

However, the Dogecoin cryptocurrency has one advantage that distinguishes the coin from Litecoin (and Bitcoin, of which Litecoin is a fork) - the speed of block generation.

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On the Dogecoin network, it takes 1 minute to close one block, which is 2.5 times faster than Litecoin and 10 times faster than Bitcoin.

This property is very important because in addition to the fact that the network can process a larger number of transactions, it is also more resistant to the double spending attack. At the moment, there are almost 128.536 billion DOGE in circulation. Initially, it was planned that the Dogecoin emission would end at 100 billion coins, but then the developers announced an endless production of coins.

With the exception of the speed of block generation, Dogecoin technology is completely identical to Litecoin, since the original idea was not to present revolutionary technological solutions, but to make a comically positive cryptocurrency that would lift the spirits and amuse with a funny Doge dog meme.

We also recommend watching our video review of the Dogecoin cryptocurrency:

Dogecoin Cryptocurrency Review

How to mine Dogecoin?

The Dogecoin mining process is partially similar to the Bitcoin mining process. First, let's cover the basics and then compare how mining Dogecoin is a little different from Bitcoin.

Similar to Bitcoin, Dogecoin operates on a consensus mechanism. Thus, in essence, there is no central authority that controls or approves transactions. Miners, or network nodes, perform the transaction verification process by solving complex mathematical algorithms. If the maximum number of miners verifies a transaction, it is considered confirmed. In addition to this, miners also perform the process of adding new blocks to old blocks and continuing the block chain. In return, miners receive a reward in the form of Dogecoins.

Bitcoin mining is the algorithm they use. Bitcoin runs on the SHA algorithm, while Dogecoin, which is similar to Litecoin, runs on Scrypt. This significantly reduces mining power and therefore the costs associated with mining.

Another significant difference is the time it takes to add a new block to an existing blockchain. Currently, this time for the Bitcoin blockchain is 10 minutes, while DOGE mining only takes about 1 minute.

Since it is relatively easy to start mining Dogecoin, anyone can become a DOGE miner. Moreover, unlike Bitcoin, it does not require heavy and expensive mining equipment. Dogecoin mining can be started even from home on your computer. Plus, there are the rewards that DOGE mining offers. Unlocking one block will give the miner 10,000 Dogecoins. Bitcoin mining releases a reward of 12.5 BTC.

Dogecoin has relatively fewer mining competitors and is easier to mine compared to other popular cryptocurrencies such as Bitcoin or Ethereum . This further eliminates the need for any specialized mining hardware such as ASIC chips and can be done using the GPU and CPU itself. This significantly reduces the cost of the hardware needed to mine Dogecoin.

Advantages and disadvantages

Advantages of Dogecoin
Despite the fact that Dogecoin was created as a joke cryptocurrency, it has significant advantages:

Low commission payments and fast transaction processing speed - it takes only 1 minute to generate blocks.

High resistance to double-spending attacks, again due to the short block closing time.

Due to the fact that Dogecoin technology is not very different from Bitcoin and Litecoin, any updates developed for these two coins can be easily integrated into the cryptocurrency code.

A large, friendly, and, most importantly, positive community that actively participates in the life of the coin.

A large volume of coins that are in circulation, which allows you to successfully use DOGE for trading.

Most popular exchanges have added DOGE as an asset, making exchanging crypto to fiat very easy.

However, there are also disadvantages:

The endless emission causes constant inflation and depreciation of the coin.

Due to its great popularity, the Dogecoin cryptocurrency is now impossible to mine alone, and therefore miners have to join together in mining pools.

Dogecoin does not contain any new technology and was created solely as a joke cryptocurrency that gained popularity thanks to “hype” and “viral” advertising due to a popular Internet meme.

Frequently asked questions about DOGE Coin

Will Dogecoin rise in 2022?

Dogecoin was perhaps the perfect roller coaster ride of 2022. The high volatility was the result of various comments from famous personalities and cryptocurrency experts. The most significant boost to the cryptocurrency's development came from Elon Musk, who made his ultra-bullish views on Dogecoin clear.

High price volatility has helped Dogecoin's price gain high valuations in the crypto space. The Dogecoin community has grown exponentially as the price has increased by 774 percent in the last eight months alone.

The recent emergence of a bearish trend in the market has brought the price of the coin to its knees. However, the future still looks bright with the market turning bullish again.

The journey to new heights is just around the corner as Dogecoin could receive huge support from the broader cryptocurrency market. As the market capitalization of digital coins surpasses $25,215,777,224.53, the exponential growth rate will only push prices higher further. If you do not take into account small pullbacks, the price will definitely go up in 2022.

What is the current Dogecoin price?

Dogecoin is currently trading at $0.19. It's declining now, but the future seems too bright. The RSI, MACD, Stochastic Indicator, Awesome Oscillator and Bollinger Bands indicators give positive signals on the daily and weekly charts.

How many Dogecoins are in a dollar?

At the current exchange rate in US dollars there are 5.2 Dogecoins. Since Doge's founding in 2013, Dogecoin started as a joke and is now one of the most popular crypto communities.

Where to trade Dogecoin?

Dogecoin has emerged from the shadows. Now almost every significant cryptocurrency exchange offers Dogecoin cryptocurrency trading. Some of the popular exchanges that offer Dogecoin trading services are Coinbase, Binance, Kraken, Bittrex, Bibox, and others.

Most exchanges have simple registration processes and users can get started almost immediately after registering. Crypto traders can create their accounts, create wallets and transfer money using suitable channels including credit cards, debit cards or bank transfers.

DOGE tweets

Community tweets carry a lot of weight. Over a month ago, Elon Musk took Dogecoin under his wings as he faced "discrimination" by polling his Twitter followers and declaring Dogecoin to be the "future currency of Earth", with "All other cryptocurrencies combined" receiving only 28.7% of the vote compared.

The CEO of SpaceX and Tesla posted several tweets criticizing so-called crypto whales that are hoarding large reserves of Dogecoin. Elon blamed these large holders as the only thing stopping Dogecoin from becoming a mainstream currency, who previously suggested that the "people's cryptocurrency" could become the official currency on Mars.

An analysis of digital wallets shows that one holder owns more than a quarter of all 128 billion Dogecoin (DOGE) tokens in circulation. The balance of just over 36 billion Dogecoins is worth over $2 billion at today's prices.

Another 19 digital wallets hold another 25 percent of all Dogecoin, meaning just 20 people own more than half of all existing Dogecoin—assuming the wallets are owned by individuals.

Since Elon's tweet below, Dogecoin has risen by seven percent, even in this bearish trend we are experiencing.

Elon's tweets turned out to be very useful in increasing the Dogecoin price. With the further revelation that he owns ETH, BTC and DOGE by Elon himself, we may see institutional investors pouring money into Dogecoin.

Dogecoin rate and capitalization

Dogecoin rate
At the time of writing (end of February 2022), the cost of one DOGE coin is $0.05 with a capitalization of $6.534 billion. Dogecoin ranks 14th in the CoinMarketCap ranking.

The chart and capitalization of Dogecoin for all time looks like this:

Dogecoin price chart

In January 2022, the coin set its first significant record along with other altcoins, when there was a real “boom” in the crypto market. Then 1 DOGE cost $0.0175.

At the beginning of September 2022, another Dogecoin pump occurred, when the price soared by 245% from $0.0019 to $0.007 in a couple of days. In April 2022, another one was organized, but this time a more modest 100% pump.

But the most significant event in the life of the Dogecoin cryptocurrency at the moment is the pump organized by the Reddit community WallStreetBets, which launched a Bitcoin pump campaign at the end of January.

In just over a week, DOGE showed an increase of 1071%, and if we also take into account the pump from the beginning of January, then the comic cryptocurrency grew by 1751% in just over a month:

The biggest pump in Dogecoin history

Also, the growth of DOGE was fueled by tweets from Elon Musk, who eventually drew the attention of the US Securities and Exchange Commission (SEC) and began an investigation for manipulation.

At the time of publication (late February 2022), Dogecoin's all-time high is $0.086.

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You can view the Dogecoin price chart in real time on CoinMarketCap

Doge cryptocurrency

The coin received an initially fast process for extracting new tokens (mining). In the first year, about 100 billion assets were mined. But over time, the production rate began to decrease. At the time of writing, there are around 130 billion in circulation. Dogecoin is a completely decentralized and anonymous coin that bears the logo of the Shiba INU dog breed. The project gained wide popularity after hackers hacked the DogeWallet wallet. The management decided to compensate for the losses of users by collecting funds from those willing to help. The losses were compensated as soon as possible.

The coin went up for auction in mid-December 2013 and cost $0.0006. Today you can buy it for $0.40. Ranked sixth according to Coinmarketcap with a total capitalization of $53 billion. Traded on the main top exchange Binance.

Mining Dogecoin

You can mine cryptocurrency using classic mining. It works on the Proof of Work algorithm, like Bitcoin and Ethereum. About 10 thousand tokens are awarded for the mined block.

Where to buy Dogecoin

Dogecoin is a very popular cryptocurrency, so you can buy it on almost any exchange or exchanger for the cryptocurrencies BTC, ETH, Tether cryptocurrency, as well as for “fiat” currencies - dollar, euro, ruble.

To store DOGE coins, it is best to use the official Dogewallet wallet or hardware clients such as Trezor or Ledger.

Where to store?

You can store the asset either on a cryptocurrency exchange or on a wallet. It is recommended to store Dogecoin in wallets. Can be used for storage

Multidoge or Dogecoin Core wallet, as well as wallets such as Ledger, Jaxx, KeepKey and Coinomi. If the owner is going to store a large number of coins for a long time, then you can use hardware wallets. For example, these could be Bitcoin wallets Ledger Nano S or Ledger Nano X. They support DOGE.

Dogecoin wallet

Wallet for Dogecoin
As with any other cryptocurrency, to store Dogecoin, you should first of all use the solutions presented directly on the project website. Dogecoin developers offer users a choice of several official applications:

• Dogecoin Core
  is a thick desktop wallet for computers running Windows, OS X and Linux. It requires more than 35 GB of hard drive space and full synchronization with the blockchain. The most reliable option, which includes the ability to configure DOGE cold storage;
• MultiDoge
  is a lightweight desktop wallet that does not require synchronization with the network. It is ready to receive or send Dogecoin coins immediately after installation and takes up very little space. Available for Windows, Linux and OS X;
• Dogecoin Wallet
  is the official mobile wallet for devices running Android OS. For full operation, full synchronization with the Dogecoin blockchain is required. Has the function of sending transactions via Bluetooth.

Official desktop wallets for Dogecoin
Those who do not want or cannot install the listed applications should pay attention to an easier-to-use option - a web wallet presented on the DogeChain blockchain explorer website. Since it is an online wallet, it is less secure, but for storing and transferring small amounts, DOGE is quite suitable.

In addition to the official solutions listed, Dogecoin can be stored in many multi-currency wallets. When it comes to desktop options, Exodus, Jaxx Liberty or Atomic Wallet are great options. Among the mobile wallets that support DOGE, Trust Wallet, Coinomi and Freewallet (version for Dogecoin) have proven themselves well.

The most unsafe, but very popular among active traders, type of wallet for Dogecoin are cryptocurrency exchanges that have trading pairs with this coin. There are more than 50 such sites. The most popular of them are Binance, Huobi, Gate.io, Bitforex, Bittrex.

For cold storage of Dogecoin, you can use hardware wallets - support for this cryptocurrency is available in Ledger, KeepKey and Trezor devices. If you can’t afford them, you can use an alternative in the form of creating paper DOGE wallets, for example, using the WalletGenerator website.

Dogecoin Predictions for 2022

Investor wallet

Wallet Investor's technical price picture for Doge was nothing more than large green candlestick patterns about two months ago. The rise in prices was rapid and relentless, leaving no room for sellers.

The coin reached its all-time high in May 2022 and then a bearish trend set in that crippled the entire market and the scars still remain.

The market continues to decline with signs of a bullish reversal, but lacks volume. Dogecoin's annual forecast shows that the coin will reach $0.380 by mid-2022, and in the 5-year period, the coin is definitely expected to reach $1.17.

Crypto

CryptoGround analysis reflects a future bullish trend for Dogecoin as the forecast states that the coin will reach $0.1896 in August and $0.3 by the end of the year. In one year, the price will be $0.3410, and in 5 years, Dogecoin will reach $0.5759.

Trade

Another forecast comes from TradingBeasts, which sends mixed signals about Dogecoin's price going forward. They expect the price to increase to between $0.2200129 and $0.3235484 in 2021. In December 2024, Dogecoin could reach an average of $0.3444431 on the charts.

Interesting

Cooperation and initiatives

Dogecoin collaboration
Dogecoin was intended as a joke cryptocurrency, and few companies take it seriously. Therefore, basically all the collaborations of this coin are focused on charity:

• Dogecoin Foundation
  - the company was created by the founders of the coin to connect with the community and the public, as well as to popularize DOGE in the field of charity and social assistance;
• Doge4Water
  is a fundraising initiative launched by the Dogecoin Foundation in 2014 for a water cleanup project in Kenya. Doge4Water raised about $30,000;
• Jamaica Bobsled
  is another initiative of the Dogecoin Foundation, dedicated to raising funds for the Jamaican bobsled team to participate in the Sochi 2014 Winter Olympics. The initiative was supported by $20,000;
• The Dogecoin community raised $20,000 in DOGE coins in 2014 to support NASCAR driver Josh Wise. As a sign of gratitude, Josh decorated his car with a meme of the mega-popular "Dog" Kabosu.

"Save DOGE"

A few weeks after the launch of the cryptocurrency, the first major theft occurred. Millions of DOGE coins have disappeared from the official Dogewallet wallet for many users as a result of a vulnerability. Because of this incident, there was an uproar around the coin, and the creators decided to launch the SaveDogemas initiative to save the coin’s reputation and compensate holders for losses.

"Dogecoin: Accepted Here"

Accepting Dogecoin
It may come as a surprise, but Bitcoin is not the only cryptocurrency that can be used to pay for real goods and services. Some companies also accept Dogecoin (DOGE) as a means of payment.

So, what can you get in exchange for DOGE:

• Computer gaming
  companies that sell video games were among the first to embrace cryptocurrencies and begin accepting them as payment. For example, on the American site AllGamer you can purchase such popular games as MineCraft, Counter Strike, Left 4 Dead 2 and Just Cause 2 for DOGE. In addition, you can also buy a domain, hosting or VR games with Dogecoin;
• Gift Cards
  - When you don't know what to give, just give a gift card from a cool brand store. And you can buy it for DOGE, for example, on the eGifter website. Here you can find gift certificates for every taste - from popular brand stores to gourmet restaurants. In addition to Dogecoin, the service also accepts Bitcoin and Litecoin;
• Dining Out
  - Iron Rail Diner, located in Maryland, offers all crypto enthusiasts a delicious dining experience for DOGE. The owner of the establishment believes that cryptocurrencies are the future, so he decided to add DOGE as a payment method.
• Anything you want
  - this opportunity is provided by the online store BitcoinShop.us. Its peculiarity is that here buyers can pay exclusively with cryptocurrency - no “fiat”. The site accepts three coins: Dogecoin, Bitcoin and Litecoin.

Dogecoin meme is a hero of internet creativity

As has been mentioned more than once, Dogecoin is a joke cryptocurrency, and, moreover, the most popular in the field of Internet creativity. The DOGE meme has become the character of many comic pictures and funny stories. Keep a small selection to lift your spirits:

DOGE rate forecast - for the next 5 years

Dogecoin price forecast for 2022

2021 has been a good year for cryptocurrencies overall, with the exception of two months. Most coins have reached the highs of their lives, and the Dogecoin price is no different. On May 8, 2022, Dogecoin's extremely bullish outlook became even more positive after Dogecoin received support from Snoop Dogg, Kevin Jonas, Elon Musk, and Gene Simmons.

Coinbase Commerce now supports Dogecoin payments. With such a high level of adoption, it seems the sky is clear for Dogecoin and tZERO crypto to provide their currency support.

Huge celebrity support for Dogecoin has pushed its market capitalization to new highs, completely defying technical indicators that the cryptocurrency is overbought.

Its growing use in basic payments will increase its adoption among the masses in the long run. Dozens of online retailers and platforms, including AllGamer, eGifter and Coinbase Commerce, now accept payments in Dogecoin. Dogecoin 2021 has been in an overextended bull run driven by massive volumes from day traders, institutional investors, celebrities, and DOGE whales.

The bears then crashed the entire market and Dogecoin is now trading at $0.19. She will grow up eventually though.

There is no doubt that Dogecoin's unprecedented celebrity support will likely continue to push DOGE/USD beyond all resistance levels in the future. Dogecoin price forecast to reach $0.1 level by the end of 2022 may happen earlier than expected as a result of current events for Dogecoin price forecasting.

As people realize its practical value and the importance of DOGE, Dogecoin could gain traction later this year.

Doge Forecast for 2022

The Dogecoin price outlook is improving as it has many changes in 2022 as there is significant bullish momentum that is offsetting the current bearish move. There may be corrections in the near future, but the overall weekly and monthly charts are set for more high market prices in the future.

Technical analysis and fundamental picture show positive sentiment. Wider support for the cryptocurrency market could further support this bullish Doge price forecast for 2022. Based on current cryptocurrency market activity, the coin is likely to gain traction in the coming months and approach the $1 mark by the end of 2022.

Multiple technical studies, including extended Fibonacci retracements, indicate that Dogecoin price could reach $0.6 by December 2022. 2022 is expected to bring much more positive news for Doge. Most importantly, such a jump in the price of the Doge cryptocurrency will attract institutional investors, which could further strengthen the prospects of touching $1.

2022 will also see a rise in Dogecoin whales as major cryptocurrency investors jump on the bandwagon. Like the BTC whales, these newfound doge whales will help establish the long-term support and resistance pivots evident in the path of every mature asset.

Dogecoin Forecast 2023

This year could well prove to be a turning point for Dogecoin as it consolidates its rise beyond $1.5. Technically, the 161.8 percent Fibonacci extension puts Dogecoin at $1.45 by the end of 2023. However, the long-term outlook is often clouded by fundamental news. Therefore, it is safe to assume that Dogecoin will be between $1.35 and $1.45 in 2023.

When such long-term forecasting studies are conducted in cryptocurrency, it is safe to follow a range rather than a specific Dogecoin forecast. In 2022, the minimum could be around $1.2 and the maximum could be around $1.5. When compared to BTC, Doge can be approximately 0.0000023301 BTC.

A more conservative approach would include various global rules governing Dogecoin. The bullish sentiment could be muted if the broader cryptocurrency market does not perform well due to various government regulations.

In such a scenario, Doge's price could remain in the range of $0.0954 to $1. In a worst-case scenario, the price could touch the lower support at $0.07634. However, the overall momentum for the Dogecoin cryptocurrency is very bullish.

Dogecoin Forecast 2025

Due to its popularity among users, Dogecoin can remain afloat and not fall in price in the next five years. According to WalletInvestor, there will be positive exchange rate dynamics.

The prevailing forecast for Doge is that Dogecoin's price could rise significantly to $1 by 2025—several jumps in value from Dogecoin's current price of $6 (at the time of this writing).

CryptoGround Dogecoin Price Prediction is located near WalletInvestor. Using a proprietary deep learning algorithm, it can be estimated that Dogecoin can become a profitable investment in 5 years, which could generate a profit of $1 by 2025.

Dogecoin forecast

Dogecoin Forecast
In the crypto community, Dogecoin has long been recognized as a “pump” coin, that is, one that from time to time sharply increases in price several times, often without fundamental reasons for this. Therefore, if we talk about medium-term forecasts, DOGE definitely has more than one pump ahead.

To verify this statement, just look at the chart of Dogecoin paired with BTC. As you can see, throughout its history, Dogecoin has been confidently moving between conditional levels, allowing traders to earn 200–300% profit, and sometimes even more, at each growth cycle.

Levels on the DOGE/BTC chart

Considering that the last such growth was in the fall of 2022, and the rate has been consolidating throughout the last year in a narrowing price range, in the near future one could expect a new Dogecoin bullrun to at least the level of 100–110 satoshi.

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The approximate value of the coin in dollars with such growth should have been approximately $0.01 (assuming that Bitcoin remains near the $10,000 level).

If we talk about long-term forecasts, many analysts agree that the Dogecoin rate will continue its cyclical movements in pairs with BTC.

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At the same time, due to the possible increase in the cost of Bitcoin, for example, to $100,000 - $150,000 over the next 2-3 years, Dogecoin may reach $0.1-0.15 at the next peak of its growth. At the same time, the capitalization of the coin may exceed $12–16 billion.

In general, due to the fact that DOGE continues to be a fairly popular coin among crypto enthusiasts, it should not “die”, as happens with many altcoins. And the level of growth of its exchange rate in fiat in the future will mainly depend on how much Bitcoin rises in price.

Considering all of the above, we can come to the conclusion that if you buy Dogecoin exclusively at its usual support levels, it can be a fairly reliable and profitable investment in both the medium and long term.

Dogecoin price forecast for 2022, 2023 and 2024

The forecast is updated daily.

Apple stock forecast 2022, 2023.

Dollar exchange rate forecast for January, February and March 2022.

What the experts say

Jackson Palmer
So will Dogecoin rise? Expert opinions were also divided. For example, Jackson Palmer, the creator of Dogecoin, believes that the cryptocurrency world is now too sick of speculation. Conversations in the media revolve around investment opportunities, creating unnecessary hype. He stressed that everyone is starting to forget the original goals and technologies on which this movement was founded, and this situation worries him. Jackson Palmer also mentioned the risk of a bubble situation with Dogecoin in 2022. But at the same time, he said that he deeply believes in the Dogecoin Core development team. Let us remind you that Jackson Palmer left the company in 2015.

One of the development team, Patrick Lodder, said that for him, the recent rise of Dogecoin in the market is just another evidence that for a real explosion of popularity it is not necessary to make the product super original, come up with brilliant ideas and plans. On the contrary, you can use a conservative idea, proven technologies and get the result that we observed with the Doga course. The Dogecoin Core company has not released a software update for about two years; the developers claim that they are doing this only out of caution.

Lodder's colleague Max Keller shares the same opinion regarding the rapidly growing popularity of Dogecoins. He says he's surprised because he didn't expect such a jump. No one on the development team was committed to the goal of creating an expensive coin. It was just a humorous experiment, an Internet meme designed to perform good socially significant functions. As you know, Dogecoin deprives users of privacy. This was done intentionally by the developers, as proof that this currency is not used for transactions on the darknet.

There are experts who attribute the success of altcoins and Doji only to the shortcomings of Bitcoin. Many investors prefer to invest in Dogs only because:

• The difficulty of conducting Bitcoin transactions is growing;
• Very large commissions, which, by the way, are unjustified;
• Long transaction confirmation period.

All this scares off investors and forces them to opt for alternative cryptocurrencies. However, Bitcoin developers promised that all these problems will be eliminated next year. So, experts say that when the shortcomings of BTC are corrected, the popularity of altcoins and Dogecoins will decrease significantly.

Russian expert Vitaly Buterin predicts in mid-2022 that Dodzhicoin is definitely worth a closer look. When asked whether Dogecoin is worth buying, he answered “yes!”, but is his opinion still the same in 2022? There is no fresh data about his vision of the situation, but we know for sure that one of his forecasts and advice came true. A year ago, Buterin talked about introducing Dogecoin into Ethereum smart contracts using sidechains. And so, in February 2022, the dogethereum bridge was successfully tested. By the way, the fact that the Dogecoin transaction took place on the Ethereum test network also speaks of the positive state of “dog money” and the prospects for currency growth.

Forecast for Dogecoin currency

Regarding the forecast for the development of the asset, it can be noted that it is influenced by many factors, from the news background, the actions of other meme tokens, to public statements by opinion leaders, as well as the general situation on the market. Meme tokens have very high volatility, so it is difficult to say exactly what the asset price will be next year. In 2022, the asset will, of course, remain listed on exchanges and maintain an active community. But how much demand and value it will have is unknown.

Advantages of Dogecoin

Whether Dogecoin will rise in price can only be judged by first familiarizing itself with the main advantages of this cryptocurrency. Here is a list of the main factors that will influence the rise in price:

• Dogs are relatively easy to mine, have a low barrier to entry into the world of cryptocurrencies and a low price, which makes them a “green” altcoin for beginners;
• A small commission fee and transaction speed also play into the hands of beginners and make Dogecoin more popular;
• Based on the first two points, it is clear that Dodges are bought and sold in large volumes. Accordingly, the capitalization of Dogov increases. The higher the capitalization, the more confidently we can talk about a rising exchange rate;
• Dogi is in great demand among investors in South Korea and Japan, and these are one of the most financially strong, economically developed regions of Asia. This adds more credibility to this altcoin;
• Dogecoin has been stable on the cryptocurrency market for 5 years now, and this is a real success for a coin that was conceived as just fun. Moreover, it survived two strong collapses, when other altcoins, at first glance more promising, had long ceased to exist. Therefore, there is every reason to consider it verified;
• Dogi rides out due to the history of his comic creation and also due to the attractiveness of the token. “Dog currency” is gaining more and more loyal fans, people like it. In 2022, Dogecoin lovers wrote a petition to Amazon for the world-famous online store to accept this cryptocurrency. If people believe in it, then they will invest in it, which means capitalization will grow. As a result, we will observe an upswing in 2022;
• The Doji coin is loved in the media. The very idea of ​​creating such a joke and the fact that this joke caught on and became successful excites the public, which the media, of course, takes advantage of. And at the same time, they inflate even more noise around the Dogs, attracting more and more people to the crypt, and unknowingly agitating for acquisition;
• The social factor also contributed to the growth of the Great Danes. Dogecoin is not just a currency, it has some similarities with a social network. It has tipping technology. Tipping allows you to “like” a user who, in your opinion, creates and shares good, high-quality and unusual content;
• Further, Dogs have proven themselves well as a socially significant currency. Dogecoin was used for charity, for organizing sporting events, for “voting” on the Internet, as well as for increasing the volume of clean drinking water. This earned them a very good reputation;
• Today, Dogecoin ranks 35th in the ranking of promising alternatives to Bitcoin, and, let us recall, there are about 900 of them in total.

But not everything is so rosy with “dog currency”. Despite the Doge “boom” at the end of 2022, when the price of Dogecoin reached an unprecedented height, experts still say that the price of $1 per coin is unattainable for Doge. And if such a limit is unattainable, then Dogecoin is in no way able to influence the cryptocurrency market globally. Even with a high capitalization of $306 million.