Dogecoin has fallen below the 10 Cents mark and is currently trading at $0.09. The leading meme currency failed to climb above the $0.20 mark in six months as several economic factors are decreasing its price.
DOGE has not experienced price spurts since March and is either dipping in the charts or trading sideways. The price movement is testing investors’ patience as DOGE has delivered nothing but losses this year.
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Following the price drop, the Finder’s panel of experts has forecasted a bullish thesis for Dogecoin. The analysts predict that investing now during its downturn could reward investors in the next few years.
The estimates suggest that DOGE could reach its all-time high in the next few years but not breach its ATH of $0.73.
Dogecoin To Come Closer To its ATH of $0.73
The Finder’s panel of cryptocurrency analysts predicts that Dogecoin could come close to its ATH and trade at $0.64 in 2030. That’s another six years from today, and it is considered a long-term holding.
Potential ROI
The forecast suggests that DOGE could be nine cents away from breaching its all-time high of $0.73 in 2030.
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In addition, if Dogecoin hits $0.64, that would be an uptick and return on investment (ROI) of about 600%. Therefore, an investment of $1,000 today could turn into $7,000 if the forecast becomes accurate in six years. That’s phenomenal returns in six years; making 600% profits indicates a 100% jump yearly.
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Market Volatility and Risks
Nonetheless, the cryptocurrency market is highly volatile and cuts both ways, delivering massive losses to investors. There is no guarantee that Dogecoin could spike 600% in six years and hit $0.64.
Market conditions can change overnight, making predictions go haywire. It is advised to do thorough research before taking an entry position into DOGE and trading at your own risk.