How much will 1,000 Dogecoins be worth by 2025? You will have learned how much 1000 Doge will be worth by 2025. The cynics will tell you that despite being the seventh biggest crypto project by market capitalization at $40 billion, Dogecoin is still not a serious coin. The altcoin might not have a solid use case right now, but it remains one of the best digital assets to invest in 2022. From what we’ve seen so far this year, the Dogecoin community is arguably the most vibrant in the crypto world. The number of people holding Dogecoin is growing, and billionaire celebrities like Mark Cuban and Elon Musk want Dogecoin to succeed as a cryptocurrency. During the conference, Tesla CEO Elon Musk revealed that he holds Dogecoin along with etherium and bitcoin. These signs point towards Tesla accepting Dogecoin in the future as payment for Tesla cars and solar panels. So let’s get into what we have today.
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DOGE
We can’t talk about Dogecoin without discussing a price catalyst for the project’s native coin, the Doge. Yes, the whales are the billionaires who have been pumping money into the ecosystem. Doge is backed by billionaire crypto bulls like Mark Cuban and Elon Musk, and it has good enough tokenomics to reach $10 within the next couple of years. Everyone wants to know more about Dogecoin and the Doge community continues to grow by leaps and bounds every day. The Doge subedit has over 2 million followers, and at some point, Elon Musk updated his profile pic with a Dogecoin image on his sunglasses. While I believe Bitcoin is the hardest and safest cryptocurrency out there, I must admit I was initially wrong about the potential of Dogecoin in the future. I’ll share with you how much 1,000 Doge might cost by 2025 and why it could even be accepted as payment across the world. Many Dogecoin cynics mention that the ever-increasing supply of Doge is why the coin can never increase substantially in price. The coin market cap says there are currently 130 billion Doge tokens in circulation with a $40 billion dollar market capitalization. 5 billion new Dogecoins enter the network every year, but the inflationary effects decrease over time. I feel that Doge is a better form of currency for small transactions than bitcoin because people love to hold bitcoin. By 2025, there’ll be a billion Doge tokens in circulation, so we can just calculate what the market cap would be if Dogecoin hits say $10.
So Dogecoin’s market cap would be around $1.5 trillion if Doge reaches 10 within the next four to five years as a point against critics of Dogecoin who were only bothered about the value of the platform mark. Cuba just started accepting Dogecoin as payment for Dallas Maverick games. The American billionaire is also actively involved in the crypto movement. If more NBA teams and major professional owners follow suit, then Dogecoin will be an excellent crypto payment alternative to Bitcoin in the future.
Historic Market Sentiments
Dogecoin made its debut in December 2013 at $0.0006 with a $3.5 million market capitalization for a year. Dogecoin was on an upward trajectory and doubled exponentially. But the year 2014 was not as good for Dogecoin as the year 2013. New cryptocurrencies emerged on the market, such as Neo Stella and Monero, and traders turned their attention to them. The Doge’s price fell to $0.0001. In 2015, co-founder Jackson Palmer quit the project unexpectedly. He explained that he preferred to concentrate on the technical aspects of the blockchain with the news that the world began to speak of Doge’s impending death, but that did not happen. Doge managed to trade at $0.00014 by the end of December 2015. Dogecoin, however, did not cross the $0.0002 to $0.0003 price range until 2017. Yet consumers purchase coins for personal payments and the capitalization of the altcoin rose steadily. Then the value of the coin increased dramatically to $0.003 in the spring of 2017 and continued to vary. Interestingly, Doge surged to $0.007 at the end of 2017. Many altcoins started to decline in price at the beginning of 2018 as several Southeast Asian countries began tightening state regulation on the cryptocurrency sector. Dogecoin was no different, but it recovered quickly to hit $0.017 and the price became steady. Later, the price declined to $0.002 during April. The price slightly recovered to $0.006. By September, Dodge dropped again to $0.002 by the end of the year 2018. The altcoin traded sideways in 2019 for much of the year. A little bit of a surge escorted the market price up to around $0.004 around July, but it later lost much of these returns by the end of the third quarter. In late 2019, Dogecoin was tethering again at $0.003. At the end of December 2019, Dogecoin was trading at $0.002. Dogecoin continued its trade at $0.002 at the start of January 2020. However, there was an improvement in February, March variations, Dogecoin July, and Doge November.
Fundamental Analysis
Let’s look at the most important Dogecoin project exchanges and the payment sinteraction rate for Dogecoins. This is because bitcoins have a limit on the number of coins that can be produced and used for mining. However, Dogecoin does not have any such limits and so is inflationary, which adds to its advantage.
Let’s see what the other experts are saying about Dogecoin’s price. According to digital coin prices, Dogecoin’s price will rise in the coming years. By 2023, the meme token might trade around $0.5154, and by the end of 2025, the price may trade close to $0.7102.
According to Wallet investors, Dogecoin is a good long-term investment in subsequent years. It’ll grow steadily within the $0.329 trading range in 2021. However, with an extremely bullish trend, the price may reach $1.7, and on the contrary, if the bears take over, the price may close the yearly trade at $0.91. In an attempt to maintain above these levels through 2024, the price may reach $1.4, trading at $1.7 and eventually trading at around $1.96 by 2025. According to Capital.com, by the end of 2021, Dogecoin could be worth to $0.33. Following a slow and steady uptrend, the price may rise to $0.75 by 2025 and surpass $1 by 2026.
Dogecoin Price Prediction
Dogecoin price prediction on note of abolition Doge continued to trade at $0.007 at the start of 2021. Furthermore, it maintained a consolidated trend until the middle of April. The altcoin traded at $0.34 when it entered May, subsequently Elon Musk’s appearance on the popular American comedy show “SNL” and his tweets. The same, coupled with the tagline “Dogefather”, set the price to surge. That is, on May 8th, the price swelled from $0.58 to$ 0.69 in a single day. The meme-inspired cryptocurrency plunged to $0.22 on May 19th after soaring by more than %15,000. From the start of the year to an all-time high of $0.74 on May 8. The coin recovered some of its losses, reaching $0.43 by June 3rd after plunging to $0.31 on June 8th. Doge, along with BTC, Ethereum, and other altcoins, had recovered some of their losses; driven by the news from El Salvador that Bitcoin would be officially recognized as legal tender. The fact that the altcoin has a strong community base indicates that Doge prices can reach new highs.
However, Doge has always had a sort of plump and dump scenario in space, so any time we can expect investors to sell off all their holdings after their target is in hand. If this or some external force impacts the meme token, the Doge price may trade at a potential low of $0.640. Moreover, if Dogecoin closes this year hitting the highs, it might start bullish at $1.2.
On the other hand, if there is a bearish trap in gulfs, then the 2022 trade might resume a similar trend of $0.45. The fact that Dogecoin is easy to mine has always kept the altcoin on the front seat. Moreover, in 2021, the most popular crypto exchanges like Gemini and Etoro have listed Doge, causing the price to soar. If the currency gets listed on other familiar exchanges in the coming year, the Doge price could soar again and strike at $5.25 by the end of 2022. However, considering the regular buying and selling pressures, the average Dogecoin price may be near $4.671. On the other hand, the fact that Dogecoin does not still have great value and this could drive a negative impact on Dogecoin.
Dogecoin Price 2025
The fact that marketers are quite optimistic about the project and celebrities are hopping on the Dogecoin train now is amazing, but if the market is hit by external forces like regulations or negative statements by influences, the meme coin might trade at a potential low of $0.40 this year. With that said, an increasing fear of missing out with Elon Musk towards Dogecoin may impact the price to heat up, reaching a high of $11.103 in 2025. If Doge could survive with a substantial growth rate in a highly competitive space, In the future, the average will reach $7.2.
1000 Dogecoin in 2025
At my predictive 2025 price of $11.103, a 1,000 would be $11,103. That’s a profit of over 3,000% at the current price; Doge is a good investment, especially if you are looking to invest for the long term. Even though it doesn’t offer tangible value yet like the likes of Ethereum, Cardano, Ripple, etc., Dogecoin has shown what a committed and vibrant crypto community can achieve. I strongly believe there will be a positive trend in the future of the asset.
[This article is a transcription of a video made by Crypto Diary]
Original video: https://youtu.be/WzP87OV3lYU]
