Rancakmedia.com – In 2021, the price of Dogecoin DOGE is expected to become one of the most popular cryptocurrencies. The reason is, since it was created in December 2013, this crypto asset has managed to achieve a total growth of more than 4 thousand percent in 2021.
Despite the price swings, DOGE has managed to maintain its status as one of the top cryptocurrencies. The 15 best assets by market capitalization. Then, can the assets supported by the CEO of Tesla be able to maintain their existence in 2022? The following is Dogecoin price prediction for 2022.
Dogecoin Price Movement from Year to Year
Before reviewing Dogecoin price prediction, let's first look at a summary of price changes from year to year.
Price Movements of Dogecoin DOGE 2013-2014
Dogecoins originally entered the crypto market in December 2013 at a price of around 0.00026 US dollars per coin. When the currency of memes reaches one-tenth of a cent, it practically triples in a matter of days. However, in the first week of 2014, it fell again below $0.00026.
Around mid-January, DOGE prices rose 600 percent in less than a week. Shortly after, DOGE fell 50% from its February 1 low.
The price of DOGE continued to decline until it reached its lowest point, namely 0.0001 US dollars, in mid-August 2014. A month later, the value of DOGE rose slightly to 0.0004 US dollars and then the price fell again for the umpteenth time. That's less than half of the 2014 DOGE's price of US$0.0004 at the end of the year.
Dogecoin Price from 2015 To 2017
The first half of 2015 saw most of DOGE's prices fall. In May, DOGE dropped to a new all-time low of 0.00009 US dollars. By mid-2015, DOGE had increased to a value of $0.00022. Dogecoin, on the other hand, fell to US$0.00015 before the end of the year.
The 2016 spike in January saw the price more than quadruple in price, but this spike was followed by a dip and the rest of 2016 remained fairly stable, with Dogecoin at $0.00023 by the end of the year.
After a very smooth first quarter, Dogecoin soared to US$0.0039 in May 2017. The reason being, December 25th seemed to offer a Christmas miracle to Dogecoin holders, as the price managed to break through US$0.01 and for the first time the market value of DOGE reached 1 billion US dollars.
Dogecoin Value Movement from 2018-2020
On 7 January 2018, Dogecoin reached a record high price of $0.0167, up 700% from early 2017. The price of DOGE had fallen to $0.0032 a month earlier. No matter how hard Dogecoin tries, it will stay at or below a penny for the rest of the year.
Dogecoin opened in 2019 for less than a quarter of a cent, and the rest of the year offers quite a bit of excitement. Compared to 2018, 2019 saw some minor changes, with gains of US$0.0039 and US$0.0044 respectively in April and July, reaching a peak of US$0.0039.
In the first few months of 2020, DOGE rose from $0.002 to almost half a cent. However, these gains did not last long, Dogecoin hitting a low of $0.0011 after losing more than 26 percent in March.
After the rebound, the price of Dogecoin DOGE suddenly jumped to 0.0056 US dollars in July. Most linked in a range between $0.0025 and $0.0039 over the next few months. There was a large advance towards the end of the month which saw DOGE close 2020 trading at 0.0047 US dollars.