Leading meme currency Dogecoin is hovering around the $0.09 mark on Tuesday. DOGE is aiming to delete a zero in the charts but is struggling to trade above the $0.01 mark. The top meme coin has moved backwards whenever it climbed above $0.1 as it failed to hold on to its resistance levels.
The development is making investor’s lose confidence in Dogecoin as its price is non-performing in the charts. The inflow of funds have slowed down as investors are no longer blindly putting their money into DOGE. Amid the downturn, Forbes has revised its price prediction for Dogecoin and provided a new estimate for 2030.
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The price prediction from Forbes is a bag of mixed reactions as it has nothing much to offer or celebrate. Though it predicts a profit from today’s price to 2030, the prediction is not what investors hoped for.
This article will highlight the price prediction for Dogecoin for 2030, provided by Forbes.
Dogecoin 2030 Price Prediction By Forbes
Forbes predicts Dogecoin’s price will reach a target of $0.13 in the next six years in 2030. That’s an uptick and return on investment (ROI) of approximately 45% from its current price of $0.09. Therefore, an investment of $10,000 made today could turn into $14,500 by the end of the decade in 2030. That’s a decent return for a wait of six years.
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While Forbes’s prediction is still profitable for 2030, Dogecoin investors might not be satisfied with its price reaching $0.13. Investors are eager to see DOGE breach its all-time high of $0.73 and zoom above the $1 mark. If DOGE hits $1, investors could enjoy massive profits that make their portfolios swell into impressive numbers.
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Only time will tell whether Forbes’s prediction for Dogecoin’s price will turn true. We will have to wait until 2030 to determine how DOGE could perform in the next six years.