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?
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
“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.
Credit: Source link
