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Dogecoin Price Predictions: How High Can DOGE Go After the Crypto Crash?

 Dogecoin Price Predictions: How High Can DOGE Go After the Crypto Crash?


Dogecoin Price Prediction - June 2021

Just a few months ago, the price of Dogecoin stood around 4-5 cents. As of today, even after the May 19 crash and today's major dip, the Dogecoin price stands at $0.33, significantly higher than it stood at the beginning of the year. However, crypto predictions can be difficult. Most crypto experts believe that if the crypto markets recover Dogecoin could go up to a dollar. However, since May 19, the crypto market has remained stagnant, as has Dogecoin. In the short term, i.e. June 2021, unless the market recovers significantly, Dogecoin can be expected to hover around a price of $0.28 - $0.38, based on the Dogecoin chart readings of the previous weeks. However, price predictions should be taken with a grain of salt. 

Dogecoin (CCC:DOGE-USD) is looking like the runt of the litter today thanks to the crypto crash precipitating market-wide losses. The coin’s value has been hampered by new regulations in China and the fact that investors are having a hard time pinpointing a unique utility. However, DOGE has shown time and again that it can overcome bearish adversity and break out. So, are Dogecoin price predictions looking bullish, or do experts think DOGE is in for a bearish ride?

China is continuing to deal blows to crypto. Building on the country’s initial crackdown on crypto in May, the central bank is calling on other Chinese financial institutions to continue their fight against cryptocurrency. The People’s Bank of China met with financial institutions like the Agricultural Bank of China and the Postal Savings Bank to discuss heftier bans on digital currency.

These banks have agreed with the PBOC, some putting out their own statements reaffirming the government’s ban. The result is catalyzing crypto losses across the board. Bitcoin’s (CCC:BTC-USD) recent gains twoard $41,000 are erased, with the coin now sitting at under $33,000. Likewise, Ethereum (CCC:ETH-USD) values dropped under $2,000, a jarring dip from its highs of over $4,300. Dogecoin is down a whopping 15% on the day, with the coin swapping hands at just 22 cents.

Dogecoin Price Predictions: Will DOGE Get Back on Its Paws?

DOGE investors might be a little disappointed with what analysts have to say. Bullish runs and social media chatter have lead many to believe that this would be the year that Dogecoin hits that elusive $1 mark. It came awful close with its all-time high of 73 cents, but it looks like the recent events are causing a reset among analysts expectations. Let’s take a look at some Dogecoin price predictions:

  • FXStreet’s technical analysis of Dogecoin suggests a resistance level of 33 cents. Continuing the bearish momentum could lead to the price bottoming out at just 19 cents.
  • DigitalCoinPrice predicts DOGE will move to just 34 cents by the end of 2021.
  • Coin Price Forecast has a more bullish prediction. They suggest Dogecoin can close out the year at 64 cents, nearing that all-time high once again.
  • The Economy Forecast Agency does not predict Dogecoin will break out above 30 cents again for the rest of the year. Their December forecast calls for a high of just 28 cents.
  • WalletInvestor predicts that by June 2022, DOGE will rebound to the tune of 43 cents.

3 Cryptos to Own in 2021

In 2021, Dogecoin went up over 12,000%. SafeMoon went up more than 20,000%. But if you missed those gains, there’s still time to get in on the crypto boom.

Luke Lango — InvestorPlace’s resident crypto expert — just released the names of 3 tokens every investor should own.

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