Dogecoin is currently trading at $0.39 on Wednesday after hitting a monthly high of $0.46 in November. Its price is facing a slight correction due to the current market slowdown. Investors believe DOGE could cross the $1 mark this time as the market is primed for a bull run. Tesla CEO Elon Musk is pushing DOGE to the White House and could increase its price on the charts.
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However, a new revised price prediction indicates that Dogecoin could reach the $0.98 mark. This is far from reaching the $1 target and falling behind by 2 cents. In this article, we will highlight the tentative timeline for when the DOGE meme coin could reach the $0.98 mark.
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Dogecoin: When will DOGE hit the $0.98 mark?
THE The Finder expert panel predicted that Dogecoin will reach $0.98 in 2030. This is almost five to six years ago today and is considered a long-term stock. This represents an uptick and a return on investment (ROI) of around 150% from its current price of $0.39. So an investment of $1,000 could turn into $2,500 over the next five years if the forecast proves correct.
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“I believe Dogecoin will show some correlation with BTC and will increase accordingly with the influx of capital into the crypto market,” » said an expert from the Finder panel. “In the long term, growth will slow due to its unlimited supply and lack of use cases” read the prediction.
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Much of Dogecoin’s success is linked to Elon Musk, as he is one of the main supporters of the meme coin. He once proudly proclaimed that DOGE is “the people’s currency” and plans to send a rocket into space named DOGE-1. If Musk accepts Dogecoin as official payment for X and Tesla, its price could skyrocket to new highs. However, despite being a firm believer in DOGE, Musk has not made an official payment to purchase its products.