In this blog we will know about History, Origin, Important facts about DOGE as well as doge coin price prediction and its analysis also.
Origin of DOGE coin
In 2014, a non profit organization was formed by team members of DOGE coin family to provide support, trademark protection and better administration for the cryptocurrency project. But eventually, this organization was dissolved after some time.
DOGE coin was created by software engineers of IBM “Billy Markus” and “Jackson Palmer”. The developers of Dogecoin picked a ” fun” approach towards development.
It is considered to be the first “meme coin”.Dogecoin.com promotes the currency as the “fun currency”, spreading its origins as a “joke.
According to wikipedia, With the help of Reddit, the site became an instant hit. Within two weeks, Dogecoin had established a dedicated blog and forum, and its market value has reached US$8 million, once jumping to become the seventh largest electronic currency in the world. Dogecoin is based on Scrypt algorithm, and the transaction process is more convenient than Bitcoin. Dogecoin takes only 1 minute to confirm, while BTC takes 10 minutes.
Elon Musk’s interest in Dogecoin
Elon Musk seems too much bullish on it. The results and success of Dogecoin is firmly intertwined with Elon Musk’s enthusiasm for it. A single tweet of Elon Musk on DOGE coin manipulates its price. He usually uses his Twitter platform to convey his vision on Dogecoin.
On 20th December 2020, Musk’s first tweet on Dogecoin occurred. He tweeted only a single Word “Doge”. Then after sometime, the value of Dogecoin rose by 20%.
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Then in early February 2021, he captioned “Dogecoin is the people’s crypto” and “no highs, no lows, only Doge”. Surprisingly, after this tweet the price of dogecoin rose by about 40%.
On April 15, 2021, the price of Dogecoin rose by more than 100% after Musk tweeted an image of Joan Miró Dog Barking at the Moon painting captioned “Doge Barking at the Moon”.
On May 8, 2021, Dogecoin crashed more than 29.5%, dropped to $0.49 during Elon Musk’s Saturday Night Live appearance.
On May 20, 2021, after a tweet (a Doge-related meme) by Musk, price of Dogecoin spiked by 10%.
On December 14, 2021, Dogecoin rose more than 20%, after Elon Musk’s announcement- “Tesla will accept the Dogecoin as a means of payment for Tesla merchandise.”
On November 1, 2022, he tweeted a image of a Dog in T-shirt having twitter logo on that along with a Halloween pumpkin. After a while, DOGE coin jumps up by more than 25%.
DOGE COIN price predictions –
Doge coin price prediction 2022:
According to the current technical analysis and chart pattern of Dogecoin in 2022, the low of Dogecoin can be at $0.149950. The DOGE price can reach at $0.159999 as its high point.
Doge coin price prediction 2023:
After the technical analysis of the value of Dogecoin in last years, it is concluded that in 2023, the low of Dogecoin can be $0.219999. And the high is expected to be around $0.260000.
Doge coin price prediction 2025:
After the analysis of prices of Dogecoin and their fluctuations of previous years by crypto experts. It is concluded that in year 2025, the low of DOGE price might drop to $0.469953, whereas, its high can hit $0.559944.
Doge coin price prediction 2030:
After the analysis of prices of Dogecoin and their fluctuations of previous years by crypto experts. It is concluded that in year 2030, its high can hit $4.5.
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How to Buy Dogecoin to get huge profit :
It is very easy to buy DOGE coins on many crypto exchanges.
- Step 1 : Click on the given link (it will redirect to Binance website). https://accounts.binance.com/en/register?ref=HRI2HNQ2
- Step 2 : Fill the desired boxes.
- Step 3 : Complete your KYC.
- Step 4 : Add funds from your bank account.
- Step 5 : You are now good to go to buy Doge coins or any other crypto currencies.
Refferal ID – HRI2HNQ2
NOTE : If you use our referral link or ID for account opening in Binance, then you will get 10% commission on your every trade.