Dogecoin is the most popular meme coin around. At least by market cap. As of early 2024, DOGE is ranked ten globally, making the meme coin narrative stronger with each passing day. However, DOGE traders and investors are more concerned about how high the crypto moves or will move in the days and years to come, as opposed to its imposing market cap. Therefore, we shall now delve deeper into the Dogecoin (DOGE) price prediction model till 2035, charting the probable path and expectations.
If you want to read a summary of our most recent short-term Dogecoin (DOGE) price analysis and predictions click here.
It started with a meme—a meme of a Shiba Inu. The meme spread to the farthest corners of the internet. It made people laugh. It made people happy.
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- Dogecoin price prediction: How it unfolded?
- Dogecoin fundamental analysis
- Dogecoin and the relation to Elon Musk
- Dogecoin Technical Analysis: Historical points since 2014
- Dogecoin (DOGE) short-term analysis in 2024
- Dogecoin price model and weekly analysis
- Dogecoin (DOGE) price prediction 2024
- Dogecoin (DOGE) price prediction 2025
- Dogecoin (DOGE) price prediction 2030
- Dogecoin (DOGE) price prediction until the year 2035
- Is the Dogecoin price prediction model accurate enough?
- Frequently asked questions
On Dec 6, 2013, the meme became something more than a meme.
It became Dogecoin. But it didn’t stop there. A community rallied behind the new cryptocurrency almost immediately after its initial release. They raised over $55,000 for the Jamaican bobsled team to participate in the 2014 Winter Olympics.
Since then, the community has grown, and the price of DOGE has skyrocketed. Of course, it’s still worth much less than $1, but that’s not necessarily bad. After all, it is Elon Musk’s favorite cryptocurrency:
There’s a reason for the coin’s popularity and long-term appeal. In this article, we examine these reasons and attempt to predict future prices for the cryptocurrency.
Dogecoin price prediction: How it unfolded?
We have been tracking DOGE since 2019, and in 2024, the historical data will have a massive role to play in evaluating the future prices of this memecoin. Let us explore it further.
On Apr 23, 2019, the price of Doge reached a high of $0.00289. It has been decreasing since, reaching lows of $0.0024.
At the time of our first analysis on Apr 26, 2019, the price was trading close to the descending support line outlined below:
We predicted that the price would increase toward the resistance area at some point in the near future.
To read our full Apr 26, 2019, DOGE/USD and DOGE/BTC price analysis and predictions, click on the green button below:
But that was in 2019. Over time, DOGE reached an all-time high of $0.7376 on May 8, 2021, making people believe in the potential of this meme coin.
Dogecoin fundamental analysis
There are three primary ways to value an asset:
- Use-value is based on what an asset can be used for.
- Exchange value is essentially the price at which the asset can be bought or sold at a certain point in time.
- Sign-value includes what the asset signifies beyond itself.
Dogecoin is over ten years old and remains a popular cryptocurrency despite a relatively low price per coin.
The reason Dogecoin can maintain relevance is its ability to display a competitive advantage in each of these three valuation categories.
Proven usability
Most cryptocurrencies have the same intended use-value: to be used as currencies. This means they are designed to be used to exchange in peer-to-peer (P2P) transactions.
There are many types of P2P transactions. One of these is tipping. Originally, Dogecoin was used as a form of digital currency specific to tipping online, courtesy of the fast confirmation times and low transaction fees.
Another similar use is fundraising, wherein a community of individuals donate funds together for a common purpose.
Did you know? In January 2014—less than two months after Dogecoin was released—Dogesled was launched. Its purpose was to raise funds for equipment for the Jamaican bobsled team to participate in the 2014 Sochi Olympics.
The fundraiser was successful. Over $50,000 of dogecoins were raised and successfully converted into fiat dollars. Other fundraisers have followed in the years since.
This first fundraiser, however, is the most important because it illustrated that a so-called “joke internet currency” could be used for real-world purposes. Furthermore, Dogesled allowed Dogecoin to display its use-value very early on in the coin’s life.
Low price, high exchange value
For the past few years, Dogecoin has been trading under $0.1. Such a low price per coin might correlate with a poor exchange value.
Such low values may signify a poor exchange value; however, the exchange value of a cryptocurrency is not solely derived by its conversion rate into a fiat currency like the dollar.
The exchange value of a currency is determined by many factors, including:
- The ease by which exchanges can take place with the currency
- The versatility of the currency
- Resistance to inflation
- Integration into a micro-economy
Given these matrices, Dogecoin has displayed a consistently high exchange value since its birth.
It has been used for fundraising and tipping across a variety of social media platforms and within a variety of diverse industries, including retail, e-commerce, pornography, gambling, and many others.
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Dogecoin inflation: What does that mean?
Furthermore, with an indefinitely large supply of coins to be mined, Dogecoin displays resistance to inflation. Plus, if you look at the yearly inflation, DOGE stands at 3.47%, which is at par with any meme coin.
Bitcoin, on the contrary, has a finite supply of coins. Once all bitcoins are mined, the demand for the cryptocurrency could exceed supply.
While this might benefit investors, it impedes the usage of Bitcoin as an actual currency by those who do not have the money to purchase Bitcoins. If the demand for Bitcoins reaches a certain threshold, even satoshis could become an impractical means of exchange.
In other words, a Bitcoin worth tens or hundreds of thousands of dollars may become too expensive for anything except investing. Dogecoin’s supply, however, can grow to continue exceeding demand. This can keep the price low even as the market cap increases.
In the long term, a finite supply of exceptionally expensive assets might hinder Bitcoin’s adoption. However, dogecoin may be better positioned for long-term adoption with an indefinitely large supply and relatively small price.
Bitcoin may find use as an investment tool within a microeconomy of investors, while Dogecoin may continually be integrated into an ever-expanding network of diverse microeconomies.
Dogecoin = Humor
Sign-value may be more important than use and exchange. It adds to both. Furthermore, it exceeds them by drawing people’s attention not to the asset itself but to something else.
All cryptocurrencies generally carry basic sign-values. They can signify decentralization, resistance to banking infrastructure and financial institutions, anarchist and anarcho-capitalist ideas, investment opportunities, new financial systems, freedom, a “get rich quick” credos, etc.
Much of the sign-values are political, social, or economic.
Dogecoin is different. It is a comic relief to all the social and political bickering and financial investing.
DOGE began as a joke currency. It was branded with humor in mind, and thus, Dogecoin continues to signify humor. The coin brings laughter and smiles rather than political disagreements or boring financial jargon.
Bitcoin, Litecoin, and other cryptocurrencies lack this competitive advantage.
Whether the sign is revolutionary or economic, cryptocurrencies and their communities often seem to take themselves too seriously. Dogecoin does the opposite, and as long as it succeeds as a joke, it will probably maintain long-term use-, exchange-, and sign-value.
In short, Dogecoin has various fundamental advantages over its competitors. This does not mean that prices will always be, but it does suggest that the adoption of DOGE in various sectors of society appears likely throughout the long term.
Dogecoin and the relation to Elon Musk
Notably, DOGE’s association with Tesla CEO Elon Musk has been a price driver.
It all started when Musk started tweeting about this meme coin in 2019. The more impactful endorsements started in 2020, with 2021 seeing a meme “Doge barking at the Moon.” This meme appeared in April 2021; DOGE reached an all-time high days later.
In May 2021, Musk made a Saturday Night Live appearance, only to refer to himself as the DogeFather. This also led to a monumental increase in the price levels. Even though sentimental drivers like these are temporary, Elon Musk’s influence took DOGE to the next level.
“Peak cycle things are going to get weird, I mean weird as shit. Last cycle peak was sports sponsorships, Tesla buying BTC, Elon going on SNL to shill Dogecoin, and El Salvador adopting BTC. This cycle will be an order of magnitude wilder.”
Will Clemente, Co-Founder of Reflexivity Research: X
Dogecoin Technical Analysis: Historical points since 2014
Before we discuss the possible price movements of Dogecoin in 2024, it makes sense to trace the path from 2014 — when the coin was new and moved without any sentimental influence.
On Aug 10, 2014, Dogecoin (DOGE) made a low of $0.00007. A rapid increase commenced. It lasted for several days.
A long and steady downtrend followed until around mid-2015. Prices gradually increased until Jan 30, 2017, when gains accelerated.
Dogecoin experienced a dip in mid-2017 before another rapid price spike commenced. On Jan 7, 2018, DOGE/USD reached its highest recorded value.
Since that time, the price has followed a downtrend despite several spikes.
A spike occurred at the beginning of April 2019.
Between 2014 and 2019, there have been several significant uptrends. A subsequently significant downtrend followed each. We have noticed that these upward moves vary in the amount of volatility and the timeframe in which they occur.
Calculations from 2014 to 2019
Here is what we noticed:
The price creates a swing low. After a short period, the price makes a rapid upward move. A slower decrease then follows this. The decrease ends when the price reaches the original low. Afterward, a long uptrend begins.
The time-frames for two significant upward moves which share these characteristics are shown in the table below:
| Timeframes For Movement | Low (Date Experienced) | High (Date Experienced) | Low (Date Experienced) |
| August 10, 2014 – May 7, 2015 | $0.00007 (Aug 10, 2014) | $0.000486 (Sep 26, 2014) | $0.000068 (May 7, 2015) |
| Dec 7, 2018 – Feb 6, 2019 | $0.0019 (Dec 7, 2018) | $0.0031 (Dec 17, 2018) | $0.00177 (Feb 6, 2019) |
However, this means that our analysis in 2019 focussed on the two following points:
- Defined the current pattern we believe to be developing
- Applied the pattern to test for future price levels
However, Elon Musk’s intervention in 2020-21 changed the entire focus of the price model, making 2021 the reference point for a new kind of more bullish analysis. We shall get to that later in this discussion.
Dogecoin (DOGE) short-term analysis in 2024
Now that we have taken a look at the pre-Musk era, where Dogecoin didn’t move all that aggressively, it is time to shift focus to 2024. This year could see a crypto bull run, and DOGE, being one of the top meme coins, should be able to surge ahead.
Let us now focus on the short-term analysis to see how the start of 2024 could be:
For starters, DOGE is currently trading inside an ascending wedge. While a breakout above the upper trendline was attempted in December 2023, the current levels hold dear to the support line or the 200-day EMA (blue) line. If this level breaks, with DOGE trading at $0.078 at press time, we could see a low of $0.059 forming in 2024.
In case the bull market sentiments push this bearish trend out, DOGE might have the legs to move as high as $0.099 in the short term. However, for that to hold, the red line or the 50-day EMA line needs to move away from the 200-day EMA line.
Now that we know DOGE’s potential in 2024, let us look at the broader patterns.
Dogecoin price model and weekly analysis
Firstly, the weekly chart of DOGE/USDT showcases bullishness. Notice how the price is forming a lower high, whereas the RSI is showing positivity with a higher high formation. This makes us all the more optimistic about the Dogecoin price prediction going into 2024 and 2025.
Let us now track the price changes starting in 2021, a watershed year for Dogecoin.
Notice how the price analysis starts at A, quickly moving to an all-time high of C. After reaching C, there have been a series of lower highs. However, the recent trend shows that a higher high formation, or a C1, is on the cards. Here are the price and day-specific changes.
Using the charted points, we shall now locate all the high-to-low and low-to-high levels. Then, we shall use the data to find the average price hike and average price drop for our future analysis.
Calculations
| A to B | -67.01% in 7 days |
| B to C | 2344.48% in 91 days |
| C to D | -78.26% in 77 days |
| D to E | 116.36% in 28 days |
| E to F | -44.60% in 42 days |
| F to G | 75.77% in 28 days |
| G to H | -86.66% in 231 days |
| H to I | 227.09% in 140 days |
| I to J | -67.50% in 217 days |
So, the average price surge stands at 690.93% in 72 days.
And the average price dip stands at -68.81% in 115 days.
Do note that these levels are approximate and might vary in real.
Dogecoin (DOGE) price prediction 2024
Outlook: Bullish
Now that we have the last low in J, we can use the average price hike of 690.93% to plot C1 — the Dogecoin price prediction high in 2024.
However, as the bull market hasn’t taken effect yet, instead of the average hike, we can take 227.09% as the expected hike — the second-highest price percentage — and plot the expected level to be at $0.179. The number of days can be anywhere up to the year-end. The minimum price of DOGE in 2024 can take support at $0.059, per our short-term analysis.
Projected ROI from the current level: 128%
Dogecoin (DOGE) price prediction 2025
Outlook: Very bullish
Considering DOGE scales a high of $0.179 by the year’s end, we can expect some correction leading into 2025. Per the average dip expectations of -68.81%, the drop would be anywhere close to the $0.056 level. This level aligns with the current support level that we expect DOGE to steady itself at.
From this level, after the weak hands are removed, we can expect an average price hike of 690.93%. Also, we expect DOGE to have additional use cases by this time, primarily led by Elon Musk’s indulgence. Therefore, the 2025 high can be expected to surface at $0.445.
Projected ROI from the current level: 466%
Dogecoin (DOGE) price prediction 2030
Outlook: Bullish
Based on the price expectations leading into 2025, we can expect DOGE to form a low of $0.138, down by 68.81%, in 2026. And the 2026 high might not be as aggressive as 2025, considering market saturation, extended sell-offs, and more. Therefore, a more conservative hike estimate in 2026 would be 227.09%, which roughly translates to $0.454 by 2026 end.
Keeping the expected 2026 low and the 2026 high levels in consideration as swing lows and swing highs, we can expect DOGE to assume a level of $2.81 by 2030 end.
Projected ROI from the current level: 3470%
Dogecoin (DOGE) price prediction until the year 2035
Assuming we have all the price points till 2030, we can easily extrapolate the available data sets and analyze the Dogecoin price prediction levels till 2035. Here is a table that could help with that:
| Year | Maximum price of DOGE | Minimum price of DOGE |
| 2024 | $0.179 | $0.059 |
| 2025 | $0.445 | $0.056 |
| 2026 | $0.454 | $0.138 |
| 2027 | $0.578 | $0.236 |
| 2028 | $0.979 | $0.402 |
| 2029 | $1.658 | $0.686 |
| 2030 | $2.81 | $1.17 |
| 2031 | $4.762 | $1.998 |
| 2032 | $8.069 | $3.411 |
| 2033 | $13.672 | $5.821 |
| 2034 | $23.168 | $9.935 |
| 2035 | $39.259 | $16.957 |
Is the Dogecoin price prediction model accurate enough?
While the prices we have isolated may only be reached if the patterns we defined are true, we expect Dogecoin to remain relevant for many years. Also, the Dogecoin price prediction model considers fundamentals and conservative growth metrics. Therefore, we expect most expected price points to hold in the near-to-long term.
Do you think Dogecoin will continue to gain adoption in the years to come? Let us know your thoughts about Dogecoin in the comments below.
Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile.
Frequently asked questions
Who created Dogecoin?
What is Dogecoin’s max supply?
What is Dogecoin used for?
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