![]() Keep reading as we dive deeper into how the price of DOGE could perform in the foreseeable future. Is Dogecoin a good investment as we move further into 2022? This is a question that many meme coin enthusiasts ask all the time. Price decreased over 84% to the price we see at the time of writing.Reached an all-time high of $0.7376 in May 2021.Began generating momentum in early 2021 due to its ‘meme coin’ status.Reached a $2bn market cap for the first time in January 2018.Increased by over 300% after launch and continued to showcase positive gains.Created in 2013 by software engineers Billy Markus and Jackson Palmer.Here is a quick overview of all the key points and events in Dogecoin’s lifespan that we’ve covered above: Today’s price is the lowest Dogecoin has been since April 2021 – which is still a remarkable increase from where it was at the beginning of last year! ![]() Overall, the Dogecoin stock price hasn’t made any significant moves in 2022 thus far, with the ongoing situation between Russia and Ukraine causing fear and uncertainty in the crypto market. Again, this upsurge was only temporary, and Dogecoin has since lost 45% of its value based on today’s price. This year specifically, Dogecoin actually got off to a great start, rising over 57% between January 10 th and January 14 th. However, this high was short-lived, and the Dogecoin price has gradually descended over 84% to reach today’s price. DOGE reached an all-time high of $0.7376 on May 8 th 2021 – which would have given the coin a market cap of over $70bn. Much of this was due to massive attention from social media, combined with mentions from high-profile names such as Elon Musk, Snoop Dogg, and Mark Cuban. The most notable move in the Dogecoin crypto price came in early 2021, when the price surged more than 8,600% between January and May. However, although these price increases were impressive, they were still a drop in the ocean compared to the movements seen by those who chose to invest in Bitcoin and other major cryptos. This bullish trend continued in the following years and hit a high of $0.0170 in early 2018, meaning the coin breached a market cap of $2bn for the first time. The price of DOGE rocketed over 300% shortly after launching in 2013, which came as a surprise to the developers. Once the coin was launched, Markus and Jackson didn’t expect it to gain any momentum – but the opposite happened. The creators aimed to parody the initial appeal of cryptocurrencies, so they created Dogecoin as a ‘payment system’ with the face of a Shiba Inu dog, similar to the famous ‘Doge’ meme. With that in mind, we forecast the Dogecoin could return to the $0.7300 level by the end of 2024 – a 500% increase from today’s price.ĭogecoin was created by two software engineers, Billy Markus and Jackson Palmer, as a joke back in 2013.
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