When will Doge reach $0.1?
Despite its early 2021 surge, Dogecoin is now struggling to recover from its plummet in price since May 2021, leaving new and first-time investors facing losses. The cryptocurrency has been moving very slowly, disappointing investors who have been holding onto it for months with little gains. Analytics and on-chain metrics price prediction firm CoinPriceForecast has estimated that Dogecoin might not breach $0.1 in 2023, reaching a maximum high of $0.0945 this year and ending December 2023 by trading at $0.0846 levels. The firm predicts that Dogecoin might breach $0.1 only in mid-2024, touching $0.1 in Q2-Q3 of 2024 before retracting in price to $0.09. This suggests that Doge might not cross the $0.1 mark and trade above it in 2024. The uncertainty surrounding the DOGE-1 space rocket launch date also seems to have reduced its hype. At press time, Dogecoin was trading at $0.071 and down 2.7% in the 24-hours day trade, down 90.21% from its all-time high of $0.73 reached in May 2021.