Dogecoin (DOGE) Overview
| Cryptocurrency | Dogecoin |
| Ticker | DOGE |
| Current Price | $0.396 |
| Price Change (30D) | 5.56% |
| Price Change (1Y) | 319.76% |
| Market Cap | $58.25 Billion |
| Circulating Supply | 147.22 Billion |
| All-Time High | $0.7376 |
| All-Time Low | $0.00008547 |
| Total Supply | 147.22 Billion |
What is Dogecoin (DOGE)?
Dogecoin (DOGE), the cryptocurrency born as a joke, has evolved into a market phenomenon with a passionate global community and a unique charm that sets it apart. Launched in December 2013 by software engineers Jackson Palmer and Billy Markus, the DOGE token was designed as a fun, user-friendly alternative to the complexity of Bitcoin.
Built on a decentralized, open-source blockchain, Dogecoin facilitates fast and low-cost digital payments, making it ideal for tipping, crowdfunding, and microtransactions. Despite its playful beginnings, the meme coin has become one of the most valuable cryptocurrencies by market cap.
With no maximum supply, its inflationary model adds 5 billion DOGE to circulation annually, ensuring steady availability. What gives Dogecoin its actual value, however, is its devoted community and high-profile endorsements from figures like Elon Musk.
Dogecoin Price History
The dog-themed meme coin has been on a wild rollercoaster over the past year, showcasing inclined market volatility. According to CoinMarketCap, the token opened the year at $0.0938 and briefly dipped before springing to life in mid-Q1. In turn, DOGE skyrocketed to $0.2285, marking a 207% surge. However, this rise hit resistance, allowing bears to drag the price down to $0.08051, erasing earlier gains.
Despite this setback, optimism lingered. The low at $0.08051 formed a higher low than Q1’s $0.07422, signaling that bullish momentum wasn’t entirely lost. Building on this sentiment, DOGE staged a recovery, rallying over 500% to touch $0.48442—a level not seen since May 2021. This performance reflected a return of confidence and pushed the token into the spotlight.
Dogecoin has since then stabilized slightly above the $0.40 support level, maintaining a stronghold amid bullish sentiment. The monthly chart further mirrors this optimism, with a 29% increase from its $0.328 opening price. Could this resurgence be the beginning of a sustained upward trend? Let’s find out.
Yearly Highs and Lows of Dogecoin
| Year | Dogecoin Price | |
| High | Low | |
| 2023 | $0.10730 | $0.05584 |
| 2022 | $0.21500 | $0.04909 |
| 2021 | $0.73905 | $0.00464 |
| 2020 | $0.00550 | $0.00134 |
| 2019 | $0.00442 | $0.00184 |
| 2018 | $0.01877 | $0.00202 |
| 2017 | $0.01073 | $0.00020 |
| 2016 | $0.00050 | $0.00013 |
| 2015 | $0.00024 | $0.00009 |
| 2014 | $0.00232 | $0.00010 |
Dogecoin Technical Analysis
On Dogecoin’s monthly chart, the RSI stands at 74.56, signaling a surge in bullish fervor. Yet, as this value teeters on the brink of the overbought threshold—commonly pegged at 70—it whispers of a buying frenzy nearing its peak. This could indicate a short-term price retreat or a pause, setting the stage for the next bullish leap.
However, during a vigorous bull run, cryptocurrencies like Dogecoin have been known to linger in overbought realms, defying immediate corrections and instead climbing to new heights. Historically, whenever Dogecoin’s RSI has flirted with these elevated levels, the market has allowed prices to consolidate or witnessed a sharp pullback before another upward move.
This pattern suggests that while the current momentum might propel DOGE further, a cautious approach could be warranted. Similarly, the MACD indicator points at a bullis divergence as its MACD line at 0.0505 crossed above the signal line at 0.01965. This suggests that the current upward momentum is strengthening.
The MACD’s histogram bars reinforce this bullish sentiment, expanding above the zero line at 0.03090. This indicates that the positive price action is strong enough to sustain the upward movement, which could mean a possible continuation of the currency trend in the long term.
Dogecoin (DOGE) Price Forecast Based on Fair Value Gap
On Dogecoin’s monthly chart, two fair value gaps have formed, implying potential points of interest for traders. Often, an FVG gap occurs where price action has left a void due to a rapid price movement followed by a recovery without filling that specific price zone.
In our case, the DOGE token created its first FVG around the $0.131 and $0.142 zone. This is after an inclined uptrend that saw Dogecoin reaching new highs. Following this rally, the meme coin formed another FVG around the $0.179 to $0.365 threshold. Historically, such gaps often act as magnets for price action due to the market’s tendency to balance out unfilled price zones.
If Dogecoin’s price dips, this FVG could serve as a strong support zone, where buying interest might kick in, aiming to fill the gap. Conversely, if the price continues to rise without filling this gap, it might indicate strong bullish momentum, pushing Dogecoin toward new highs.
Dogecoin (DOGE) Price Forecast Based on MA Ribbon Analysis
DOGE’s price has moved above the 200-week MA (red line) in the past months at $0.13795, indicating strong bullish momentum. The price is $0.41765, nearly three times above this long-term support level. This breakout above the MA ribbon suggests a sustained uptrend as buyers maintain control.
The 20-week MA (yellow line) at $0.20 and the 50-week MA (blue line) at $0.15977 were strong supports during the rally. These moving averages are trending upward, increasing momentum in favor of bulls. A consolidation above the 200-week MA confirms that the token is entering a new growth phase.
However, the recent 10.52% drop may signal some short-term correction. If the price retraces, it could test support levels around $0.35 (above the 50-week MA). If it holds, the bullish structure remains intact, paving the way for another rally toward $0.50 or higher.
Dogecoin (DOGE) Price Forecast Based on Fib Analysis
The token’s price is currently trading at $0.42053, just below the 61.8% level at $0.45681. This level often acts as a resistance in a bullish trend. A breakout above this level could propel the price toward the 78.6% retracement at $0.58094, marking the next critical target for bulls.
On the downside, the 50.0% level at $0.36963 serves as immediate support. If the price experiences a pullback, it is likely to test this level before making another attempt to climb higher. Below this, the 38.2% level at $0.28244 offers additional support, preventing a deeper correction.
Given these market conditions, the token is bullish, with strong upward momentum. If the price breaks and sustains above $0.45681, the token may rally toward $0.60. However, failure to hold above $0.36963 could signal the start of a short-term consolidation phase.
Dogecoin (DOGE) Price Prediction 2025
According to CryptoTale’s projections, Dogecoin could peak at $0.7640 following a bull rally spurred by the post-2024 Bitcoin halving hype. However, due to potential market corrections and fading bullish momentum, the lowest price may hit $0.1503.
Dogecoin (DOGE) Price Prediction 2026
Dogecoin’s price might reach a high of $0.1745, driven by continued community support and microtransaction utility. On the downside, it could drop to $0.0741 as the market faces corrections following diminished excitement around the previous BTC halving.
Dogecoin (DOGE) Price Prediction 2027
According to our forecast, DOGE could climb to $0.2824, fueled by renewed optimism ahead of the 2028 Bitcoin halving. Its price may dip to $0.1087 during broader market consolidations or in response to declining trading volumes.
Dogecoin (DOGE) Price Prediction 2028
Dogecoin could hit a high of $0.6498, riding the bullish wave from the Bitcoin halving’s market impact. If short-term corrections occur after the initial price surge, the lowest price might reach $0.2824.
Dogecoin (DOGE) Price Prediction 2029
Per CryptoTale, Dogecoin may rise to $1.0917, driven by its active community and the broader market’s expansion. The token could also experience lows around $0.5125 due to inflationary concerns or weaker market sentiment.
Dogecoin (DOGE) Price Prediction 2030
By 2030, Dogecoin may experience a low of $0.4175, influenced by the fading impact of the 2028 Bitcoin halving and possible economic downturns. Conversely, if the cryptocurrency market continues to expand and Dogecoin retains its popularity, it could achieve a high of $0.5091.
Dogecoin (DOGE) Price Prediction 2031
According to CryptoTale’s analysis, Dogecoin might reach a high of $0.8690, driven by rising adoption for microtransactions, the sixth BTC halving, and increasing institutional interest. The lowest price could hit $0.4980 due to likely market slowdowns or inflationary concerns.
Dogecoin (DOGE) Price Prediction 2032
Amid the sixth Bitcoin halving event, DOGE could rise to $1.7837, driven by mainstream adoption of blockchain technologies and Dogecoin’s ease of use attracting new users. Its price might drop to $0.9400, impacted by regulatory pressures or reduced market activity.
Dogecoin (DOGE) Price Prediction 2033
Dogecoin may peak at $2.2167, supported by enhanced network upgrades and wider retail adoption. On the downside, the lowest price could fall to $0.7938, reflecting the possibility of market corrections or shifts in investor sentiment.
Dogecoin (DOGE) Price Prediction 2034
According to CryptoTale’s projections, DOGE could rise to $1.0494, benefiting from increasing global recognition and partnerships. However, its price may dip to $0.7390, impacted by periodic corrections or competing innovations within the cryptocurrency sector.
Dogecoin (DOGE) Price Prediction 2035
By 2035, DOGE could peak at $1.1956 as the cryptocurrency ecosystem matures and Dogecoin gains broader mainstream use. The lowest price could hover around $0.8200, reflecting periodic market corrections and shifts in investor sentiment.
FAQs
Dogecoin (DOGE) is a cryptocurrency created as a joke in 2013, known for its dog-themed branding. It facilitates low-cost, fast digital payments and has grown into a cryptocurrency supported by a strong community.
You can purchase DOGE on major cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Payment methods include credit cards, bank transfers, or swapping other cryptocurrencies for DOGE.
Investing in DOGE carries risks due to its volatility and inflationary supply. It may be a suitable investment for those who believe in its community and growth potential, but it should be cautiously approached.
The best way to store DOGE securely is in a hardware wallet like Ledger or Trezor. Alternatively, software wallets with robust security, such as Trust Wallet or Exodus, are good options.
Dogecoin was founded by software engineers Jackson Palmer and Billy Markus in December 2013 as a lighthearted alternative to Bitcoin.
Dogecoin was launched in December 2013 as an open-source, decentralized cryptocurrency.
What is DOGE’s circulating supply?
Due to its inflationary model, Dogecoin’s circulating supply is over 147.22 billion tokens, with 5 billion new DOGE added to the supply annually.
DOGE may surpass its all-time high of $0.7376 if strong community support, increased adoption, and favorable market conditions drive demand.
Dogecoin’s all-time low was $0.00008547, recorded in May 2015, when its popularity and adoption were minimal.
By 2025, DOGE could peak at $0.7640 during post-Bitcoin halving rallies, while the lowest price may fall to $0.1503 due to market corrections.
In 2028, DOGE may reach $0.6498 amid Bitcoin halving-induced bullish momentum, with lows possibly hitting $0.2824 after short-term corrections.
By 2030, DOGE might achieve a high of $0.5091 if cryptocurrency adoption continues, while lows could reach $0.4175 due to fading Bitcoin halving impacts.
Amid the sixth Bitcoin halving, DOGE may peak at $1.7837 due to blockchain adoption and could bottom out at $0.9400 due to regulatory pressures.
By 2035, DOGE could reach $1.1956 as the cryptocurrency market matures, while lows may hover around $0.8200 during market corrections.
