Leading meme currency Dogecoin is currently trading at the $0.15 mark on Tuesday. DOGE is on a downward trajectory this week as the Iran and Israel conflict pulled the global markets down. Bitcoin fell to the $62,900 level and the broader cryptocurrency market remains in the red today.
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However, a leading price prediction firm has pictured a positive and bullish forecast for Dogecoin amid the Bitcoin halving event. In this article, we will highlight the price prediction on when DOGE could reach the $5.04 mark, according to the analytical firm.
Dogecoin: DOGE Price Could Reach $5.03 Next, Here’s the Tentative Timeline
Leading on-chain metrics and price prediction firm FlitPay has painted a rosy picture for the top meme currency Dogecoin. According to the price prediction, DOGE could breach the $5 mark and hit a maximum high of $5.03. The tentative timeline predicted for the target by the analytical firm is at the end of the decade in 2030.
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FlitPay has predicted that Dogecoin’s maximum trading price in 2030 could be around the $5.03 mark. The minimum price it could hover around is $3.22. The average trading price could remain at $4.63, according to the forecast.
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That’s an uptick and return on investment (ROI) of around 3,250% from its current price of $0.15. Therefore, an investment of $1,000 made today could turn into $33,500 if the prediction turns out accurate. That’s another six years down the line from today and is considered a long-term wait.
Nonetheless, the cryptocurrency market is highly volatile and global events can drag the prices down. There is no guarantee that Dogecoin could spike 3,250% by 2030 and reach a price target of $5.03. It is advised to do thorough research and trade at your own risk before taking an entry position into the DOGE meme coin currently.