Dogecoin (DOGE) Price Prediction 2025-2030: Will DOGE break out of Musk’s shadow?

ambcrypto.com:

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

The price of Dogecoin (DOGE) has gained by 3% in the past 24 hours, reaching $0.08754 as the crypto market grew by 8%. DOGE has also risen in the last 30 days, helped in part by the ongoing support of the coin by Tesla- and Twitter-owner Elon Musk. After wearing a Dogecoin T-shirt at the Super Bowl, Musk has now sparked online discussion by posting a photo of his Shiba Inu dog on Twitter.

Read Price Prediction for Dogecoin [DOGE] for 2023-24

At press time, DOGE was trading at $0.08946. Its market capitalization rose from $10.6 billion to $11,616,443,304 over the past week.

For the greater part of 2022, DOGE/USD performed poorly except for when Elon Musk acquired Twitter. The acquisition raised hopes in the Dogecoin community about increased cryptocurrency usage.

Being Elon Musk’s favorite memecoin at one point, it was counted among the most popular cryptocurrencies. However, the FTX saga was particularly bad for DOGE, as its price had reached around $0.15, the highest since the first crypto crash in May 2022 following the Terra stablecoin debacle.

Since its launch in around 2010, the cryptocurrency industry has come a long way. The vision of the cryptocurrency industry was an on-chain financial order that would not invite governmental intervention. Needless to say, such a grand plan elicited suspicion and even invited smirks. 

Billy Markus and Jackson Palmer, a pair of software engineers, had been observing this trend. who thought that this whole crypto affair was being taken far too seriously. In response, they created a memecoin named Dogecoin in