Dogecoin Price Prediction
(DOGEUSD)$0.126$0.124 (4.77%)Market Stats and Forecasts
Dogecoin Description
Dogecoin is a popular crypto token, which is also known as Shiba Inu. This is an open-source digital currency. It was created by Billy Markus from Poland, Oregon, and Jackson. The creators of this coin predicted this coin was causal crypto, but Tesla Owner Elon Musk supported it a lot, and it got popular within no time. He also tweeted that DOGE is his favorite coin, and he holds a good amount of this coin in his portfolio. He made several tweets on this coin, which helped Dogecoin establish its name in the crypto market firmly. Regarding Dogecoin, it's very different from Bitcoin’s Proof-of-Work concept.
The mining of Dogecoin is unlimited and more accessible than any other coin. Anyone can solo mine this coin. It can be mined on Mac, Windows, and Linux with the help of a powerful GPU. Dogecoin is usually used as a reward on Reddit and Twitter for sharing and creating quality content. You can quickly get Dogecoin by participating in a community who uses the digital currency. The Dogecoin community is solid and friendly. The best part of Dogecoin is you can sell and buy it from any exchange that provides digital currency.
You can easily store and exchange it on that platform with the help of a Dogecoin wallet. Undoubtedly, Dogecoin went under several criticisms, but the passionate community of this token is famous for its friendly and helpful nature. They have raised funds for many purposes, like sending satellites to the moon. Though Dogecoin has yet to be developed for complex applications like other blockchains, developers are working towards similar functionalities, making this coin more efficient in use cases. This coin has acquired an exclusive place in the crypto market, which its friendly community and memes have influenced. The future of this coin depends highly on the ability to develop real-world use cases and maintain a passionate community. .
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Dogecoin, Our analysis, guided by the machine learning experts, yields forecasts for Dogecoin price trajectory up to 2024. With a comprehensive understanding of Dogecoin historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 2 and an error value of 0.48%.
For the year 2024, our analysis indicates a projected yearly low of $0.111, with the high anticipated to reach $0.168. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-07-01 | 0.124 | 0.128 | 0.132 | 3.30 |
| 2024-07-02 | 0.124 | 0.128 | 0.132 | 3.30 |
| 2024-07-03 | 0.123 | 0.127 | 0.131 | 4.44 |
| 2024-07-04 | 0.124 | 0.127 | 0.13 | 3.29 |
| 2024-07-05 | 0.124 | 0.127 | 0.13 | 3.29 |
| 2024-07-06 | 0.122 | 0.124 | 0.128 | 3.29 |
| 2024-07-07 | 0.126 | 0.129 | 0.132 | 5.56 |
| 2024-07-08 | 0.127 | 0.13 | 0.132 | 5.56 |
| 2024-07-09 | 0.126 | 0.129 | 0.133 | 6.72 |
| 2024-07-10 | 0.125 | 0.129 | 0.134 | 5.55 |
| 2024-07-11 | 0.124 | 0.127 | 0.131 | 4.39 |
| 2024-07-12 | 0.126 | 0.128 | 0.132 | 4.39 |
| 2024-07-13 | 0.123 | 0.127 | 0.131 | 4.39 |
| 2024-07-14 | 0.126 | 0.13 | 0.133 | 4.39 |
| 2024-07-15 | 0.126 | 0.127 | 0.13 | 4.39 |
| 2024-07-16 | 0.129 | 0.131 | 0.134 | 6.68 |
| 2024-07-17 | 0.127 | 0.13 | 0.132 | 5.51 |
| 2024-07-18 | 0.127 | 0.131 | 0.136 | 6.67 |
| 2024-07-19 | 0.13 | 0.133 | 0.135 | 7.84 |
| 2024-07-20 | 0.13 | 0.134 | 0.139 | 9.03 |
| 2024-07-21 | 0.129 | 0.133 | 0.137 | 7.83 |
| 2024-07-22 | 0.133 | 0.136 | 0.138 | 10.20 |
| 2024-07-23 | 0.129 | 0.133 | 0.138 | 8.99 |
| 2024-07-24 | 0.129 | 0.134 | 0.139 | 8.99 |
| 2024-07-25 | 0.129 | 0.133 | 0.138 | 8.99 |
Dogecoin Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Dogecoin is forecasted to achieve its peak value in 2025 at approximately $0.255, while potentially dipping to a low of $0.134. The average trading value during this period is projected to hover around $0.228.Dogecoin Price Prediction 2026
In 2026, Dogecoin is anticipated to potentially reach its peak value of $0.402, with a possible lower value of $0.201. The average trading value for this period is estimated to be approximately $0.357.Dogecoin Price Prediction 2027
As we look ahead to 2027, the trajectory of the Dogecoin coin may offer investors unexpected turns. Projections suggest peaks hitting $0.582 and lows stabilizing around $0.316, with an average trading value resting near $0.52.Dogecoin Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Dogecoin coin. Projections point towards a maximum value of $0.852, a minimum of $0.434, and an average value of approximately $0.76.Dogecoin Price Prediction 2029
Our market analysis indicates optimistic prospects for the Dogecoin crypto in 2029, with projected peaks at $1.27 and floors at $0.69. Moreover, the average trading value of this coin is anticipated to hover around $1.14.Dogecoin Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Dogecoin token. Projections indicate highs near $2.23, potential lows around $0.98, with an average value of about $2.01.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.127 by the Jul 01, 2024. The Relative Strength Index (RSI) stands at 0.7015, indicating a Fall market stance. Overall, while the long-term forecast is Buy.
About doge
Dogecoin Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Buy
The Dogecoin is predicted to surge by 5.16% to $0.129 by Jul 09, 2024, though current indicators show a Bullish sentiment with 13 out of 30(43%) green days and a notable -20.59% price volatility over the past month.