Dogecoin is a cryptocurrency created in 2013 as a hoax. Still, it has managed to become one of the most popular assets in the world. Despite this, DOGE and other “meme dog” coins are often mocked by the crypto community, but could they really reach $1? In this article we will look at the potential for these coins to reach new highs and what would be required to do so.
Dogecoin price up to date
Dogecoin has come a long way since its inception in 2013. What started as a hoax soon became one of the most popular cryptocurrencies. And while the coin is still far from a $1 value, it has made significant progress in recent years.
— Dogecoin (@dogecoin) July 30, 2022
At the time of writing, DOGE is worth $0.0681 and has a market cap of about $9 billion. Of course, this is still far from a $1 price. To reach that price point, the base would have to see serious growth. That might be possible if Dogecoin and other meme coins are accepted as legitimate currencies, but this scenario is far from realistic. Eventually, the total market cap would have to increase to over $100 billion.
The only thing that could give investors hope is to look at the top cryptos. Bitcoin is worth over $400 billion and Ethereum is worth $200 billion. So you can look at it this way: if Dogecoin is able to outperform all other cryptocurrencies, then it could be considered a success story despite its current price.
Dogecoin 2022 Forecast: $0.1
For Shiba Inu, a $1 price target is less likely. After all, its price is currently well below a cent, more precisely at $0.00001192. The full price of the US dollar represents a 100,000% increase in value, which is unlikely.
Give Back 100x to Nature and Let Nature show us more GOODNESS 💎
— Shiba Inu (@ShibainuCoin) January 4, 2022
In fact, it is hard to imagine any cryptocurrency reaching this price point. While Dogecoin and other memecoins can reach new heights, in the case of SHIB, the target price is definitely not designed to hit the dollar mark. After all, the market cap is still over $6 billion.
So there are a lot of digital coins floating around here. A reasonable prediction could be for the coin to top out at $0.01, which would still be a good feat given the current market conditions. But it looks like SHIB will never hit the dollar mark.
SHIB Forecast 2022: $0.00002
ELON is a cryptocurrency token created as a parody of Tesla CEO Elon Musk. The token was created on the Dogelon Mars blockchain and has a market cap of $200 million. The price of the token is $0.0000003428 and it is not traded on any of the major exchanges.
You shouldn’t judge a dog by its ticket. https://t.co/Ks4bgsQgVF
— Dogelon Mars (@DogelonMars) July 15, 2022
The token has attracted attention due to its meme nature, but investors should be careful with this investment. The price is far from the dollar mark and the market cap is relatively small.
There is no guarantee that the price will rise and the token may become worthless. As with any investment, investors should do their own research before investing in ELON.
ELON 2022 Forecast: $0.0000002
Baby Dog Medal
We really wanted to be closer to the $1 mark, but we are forced to move further and further away. Baby Doge Coin is currently at $0.00000001327 per coin and has a market cap of around $150 million. This puts the coin well short of our goal of $1 per coin.
The greatest blessing to thousands of people around the world we are forever grateful! pic.twitter.com/GWYdkau61N
— Baby Doge (@BabyDogeCoin) July 1, 2022
However, the team behind the coin is following a six-step roadmap to maximize the value of the token. To break the dollar mark, this roadmap had to include a burning mechanism that could help increase the value of the coins left in circulation.
By reducing the supply of tires, the team could increase demand and push the price higher. However, it remains to be seen whether the developers would actually implement such plans. Also, it seems unclear if this will be enough to reach the $1 goal. With such a large number of coins in circulation, it seems unlikely that this goal can ever be achieved.
BabyDoge Forecast 2022: $0.000000015
Unlike the other tires in our series, the TAMA is currently only available for pre-sale. For about $10 you can get 1000 TAMA. A value of $1 per token is still a long way off and can only be imagined if Tamadoge manages to catch up with Dogecoin. So far, however, no imitator has succeeded in doing this.
— Tamadoge (@Tamadogecoin) August 1, 2022
Tamadoge plans to take Dogecoin as a role model and become the next DOGE star. The coin is still in its early stages, but has already managed to gather a following among meme lovers and cryptocurrency enthusiasts. If Tamadoge can continue to build this momentum, it may have a chance to become the next big thing in the digital currency world.
Tamadoge Forecast 2022: $0.001