Latest Price Prediction Indicates Dogecoin To Reach $0.98

Dogecoin is currently trading at the $0.39 mark on Wednesday after reaching a monthly high of $0.46 in November. Its price is facing a slight correction due to the ongoing market downturn. Investors believe that DOGE could breach the $1 milestone this time around as the market is primed for a bull run. Tesla CEO Elon Musk is pushing DOGE to the White House and could scale up its price in the charts.

Also Read: Is the Cryptocurrency Market’s Bull Run Over?

However, a new and revised price prediction indicates that Dogecoin could reach the $0.98 mark. That’s shy of hitting the $1 target and falling behind by 2 Cents. In this article, we will highlight the tentative timeline for when the DOGE meme coin could reach the $0.98 mark.

Also Read: Dogecoin: $1500 In DOGE Becomes $1.57 Million Today

Dogecoin: When Will DOGE Reach the $0.98 Mark?

Dogecoin Rocket
Source: Pixabay

The Finder’s panel of experts has forecasted that Dogecoin will reach $0.98 in 2030. That’s nearly five to six years from today and is considered to be a long-term holding. That’s an uptick and return on investment (ROI) of approximately 150% from its current price of $0.39. Therefore, an investment of $1,000 could turn into $2,500 in the next five years if the forecast turns out to be accurate.

Also Read: Ripple: AI Predicts When XRP Will Hit $3.75

Source: Finder

“I think Dogecoin will show some correlation with BTC and will grow accordingly with capital inflow into the crypto market,” said a Finder’s panel expert. “In the long term, growth will slow down due to its unlimited supply and lack of use cases,” read the prediction.

Also Read: JP Morgan Predicts the Future of Elon Musk’s DOGE

Much of Dogecoin’s success is tied to Elon Musk as he’s a major proponent of the meme coin. He once proudly proclaimed that DOGE is “the people’s currency” and plans to send a rocket to space named DOGE-1. If Musk accepts Dogecoin as an official payment for X and Tesla, its price could skyrocket and reach new heights. However, despite being a firm believer in DOGE, Musk has not made it an official payment to purchase his products.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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