Dogecoin Price Prediction: DOGE Price Forecast

December 10, 2020

Price Prediction

Sean Korbett

What is Dogecoin (DOGE)?

Dogecoin is an open-source digital currency, completely decentralized and anonymous. The coin was created on the basis of Litecoin’s protocol back in 2013. 

The Dogecoin project was originally introduced as a “joke currency” based on a meme depicting a Shiba Inu dog. The idea behind the coin was to create a fun, friendly project that could reach a large audience and educate people about crypto.

Dogecoin cryptocurrency gained huge success on social media channels, especially on Reddit. One of the most popular uses for DOGE is to reward internet users for creating or sharing interesting content.

The Dogecoin community is recognized as one of the friendliest in the crypto world. They formed the Dogecoin Foundation to facilitate the use of Dogecoin through goodwill, promotional and charitable endeavors. The most famous charity activities where Dogecoin’s community took part were the following:  sponsoring the Jamaican bobsled team to take part in the Olympics games, sponsoring John Wise for NASCAR competition, helping Kenya citizens by raising funds for creating water wells.

Nowadays Dogecoin crypto is among the TOP 50 cryptocurrencies by market capitalization.

Dogecoin future plans and achievements

Dogecoin’s community is quite active on its official social channels. In June 2020 the users also launched the “get-rich TikTok challenge” which that went viral and DOGE has been making headlines again. Regarding the development updates it’s should worth mentioning the release of Dogecoin Core 1.14.2.

Unfortunately, Dogecoin’s official roadmap hasn’t been updated yet. So we have to wait and see what kind of updates this project will have in the future. 

Dogecoin Price History

What is Dogecoin price?

Source: CoinMarketCap, Data was taken on 10 December 2020.

Dogecoin Technical Analysis

Source: Tradingview, Data was taken on 10 December 2020.

Dogecoin Price Predictions 

TradingBeasts DOGE price prediction

TradingBeasts analytics forecast that DOGE price will worth $0.0039992 (+26.56%) by the end of January 2021. By the end of the year 2021, the maximum DOGE price could raise up to $0.0052571 (+66.36%) per coin. The Dogecoin’s average price will be around $0.0042057 (+33.09%).

Wallet Investor Dogecoin price prediction

Wallet Investor analytics say that Dogecoin is a bad option for a long-term investment. DOGE minimum price could be $0.003217 (+1.81%) by the end of 2021. While its average price is expected to stay around $0.00512 per coin (+62.03%). 

DigitalCoinPrice DOGE price prediction

Based on DigitalCoinPrice forecast Dogecoin price will increase in the future and that’s why it is quite a profitable investment. The DOGE average price may rise up to $0.00757567 (+139.74%) by the end of December 2021.

Will the price of Dogecoin go up?

Should I invest in Dogecoin? As you can see, analytics have different opinions on Dogecoin future price in the future. Most of the predictions are very optimistic.  But remember that no one knows for sure what the future will bring to this crypto. One thing is for sure – if you are looking for the best platform to exchange Dogecoin – StealthEX is here for you. 

How to buy Dogecoin at StealthEX

Exchange Dogecoin on StealthEX with a low fee. 

You can study a detailed article with an exchange guide, watch a tutorial video on our YouTube channel, or just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount for your exchange. For example, BTC to DOGE.
2. Press the “Start exchange” button.
3. Provide the recipient address to which the coins will be transferred.
4. Move your cryptocurrency for the exchange.
5. Receive your DOGE coins!

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

December 10, 2020