The latest price prediction from the Finder’s panel of cryptocurrency experts projects that Dogecoin is all set to reach the $2 milestone. The bullish forecast comes after Bitcoin is looking to reclaim the $100,000 mark in the charts on Thursday. “Dogecoin will inevitably track Bitcoin’s success. While it doesn’t offer significant technical advantages over other blockchain investments, its community-driven ethos and inclusivity give it strength,” read the prediction.
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This puts Dogecoin on the ‘buy’ list as only 22% of analysts have given the meme currency a ‘sell’ call. The majority of financial analysts have called a ‘buy’ and ‘hold’ strategy for DOGE as it’s backed by billionaire Elon Musk. His investments in the coin are significant, and the entrepreneur commands the fanfare of the leading meme currency. Read here to know how many Dogecoin Elon Musk owns in his wallet.
Dogecoin Price Prediction To $2: Here’s When
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The Finder’s panel has predicted that Dogecoin would reach the $2 milestone in the next five years by 2030. That’s considered a long-term investment, but it is worth the wait considering the amount of profits it will generate next. “Meme coins represent the opportunity for a community to unite around common beliefs, and only those memes with a strong purpose will thrive, and DOGE will be one of them,” read the prediction.
If Dogecoin hits the $2 mark, it would generate phenomenal profits for present-day investors in 2030. DOGE is currently hovering around the $0.18 level, and a rise to $2 indicates a surge of close to 1,000%. Therefore, an investment of $1,000 in DOGE would turn to $11,000 in 2030 if the price prediction turns out to be accurate.
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That’s staggering returns considering the window of waiting is only five years from today. “There will be a strong link between Elon Musk’s popularity and DOGE, the government version. This will support visibility of the coin,” the forecast read.