Dogecoin (DOGE), the original meme coin, seems to be turning the tide after Elon Musk’s comment about being the “Dogefather.” DOGE’s price spiked after Musk’s comment but has since cooled off.
The asset is still up 4.3% in the weekly charts and 2% in the 14-day charts but is down 3.3% in the daily charts and 3.4% over the previous month.
While DOGE has experienced immense success in its 11-year history, the meme coin has struggled to gain much momentum over the last few months. Musk’s support for DOGE has often led to rallies, but they have been sporadic and inconsistent.
Despite its lacklustre performance, Dogecoin (DOGE) may still have a flame.
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Predictions And Market Analysis
DOGE Predicted to Hit 90 Cents
Hitting 90 cents will mean a new all-time high for DOGE. The meme coin is currently down by more than 86% from its peak of $0.7316, reached in May 2021, over three years ago. A rally of about 800% would entail hitting 90 cents from current prices.
Changelly’s Prediction
According to Changelly researchers, Dogecoin (DOGE) will surpass the 90-cent mark in 2029, potentially hitting a maximum price of $0.92 that month. The platform further anticipates the meme coin surpassing the $1 mark in early 2030.
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Telegaon’s Prediction
The researchers at Telegaon are far more bullish on Dogecoin (DOGE) than Changelly. The platform anticipates DOGE hitting the 90-cent mark sometime in 2026 and predicts the asset to trade at a maximum price of $1.26 in 2026. Hitting $1.26 from current price levels will translate to a rally of about 1160%.
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Potential Impact Of Elon Musk’s X Platform
There is much talk about Elon Musk’s X social media platform enabling DOGE payments in its upcoming payment feature. If successful, this could lead to DOGE hitting the 90-cent mark much sooner than anticipated.
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