DotBig: Dogecoin price prediction

Dogecoin price prediction

Introduction to DOGE

The concept of the meme coin was designed by Billy Markus and Jackson Palmer. They launched Dogecoin in 2013. This coin runs on the Litecoin blockchain. Since the date of its foundation, it has been showing safe and stable operation.

Will the DOGE coin price go up in 2022?

In 2021, DOGE was supposed to be a good long-term investment. At the beginning of 2021, it was valued at $0.037 and then reached $0.68 for a short period. At the start of 2022, it dropped because of the general market crash in May. Today, you can buy it for $0.0682. Is it worth buying right now? We guess yes, and here is why:

  • Technical research of the coin shows its future growth. Within 5 years, the value of this asset is supposed to grow by more than 770%.
  • Elon Musk is the biggest supporter of Dogecoin. His appreciation is a great factor for this cryptocurrency because this support adds a lot of value to this asset. Great support and memes posted by the billionaire were one of the major reasons why Dogecoin reached so surprising heights in 2021. On June 19, 2022, the founder of SpaceX wrote that he will keep supporting Dogecoin. That day, the price of DOGE increased from $0.060 to $0.065.
Dogecoin exchange rate for July 2022

Final thought

We believe that it’s the right time to buy DOGE today. Nonetheless, even despite our positive forecast, driven by technical analysis, you should make your own research. Keep in mind that no one can make an exact forecast on crypto. Make sure to consider all potential benefits and downsides before making this investment.

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