The Dogecoin (DOGE) indirectly received a huge boost from the United States government. As President-elect Donald Trump is set to take on his duties in the coming year, the community believes there is increased hope for the DOGE market. Despite its latest rally, the OG meme coin failed to reclaim its all-time high of $0.737. While DOGE remains 47% below its peak, would an investment at this time translate into something great in the next few years?
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Dogecoin Continues To Dip
It looks like Dogecoin has continued its downward spiral. The meme coin, along with the rest of the market, had a rather bearish weekend. The asset dipped to a low of $0.3684 during this period. At press time, DOGE recorded a slight recovery and was trading at $0.3931. Despite this, DOGE encountered a 4% decline over the past 24 hours.
Crypto analyst CRG, in a post on X, revealed that the DOGE market is displaying āincredibleā signals of resiliency in contrast to the larger altcoin market. Dogecoin was able to hold onto the most important support level in spite of the market decline. The analyst added,
āDOGE looks incredible. Whole market shat itself but it barely flinched + didnāt break structure. Now funding has completely reset and a ton of OI has been washed out. Wonāt be long until this is trending hard again IMO.ā
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2030 Price Prediction
According to data from CoinCodex, Dogecoin is expected to trade between $0.242555 and $0.689487 in 2030. This comes with an average yearly price of $0.4614. Compared to the present rates, this may yield a potential return on investment of 75.98%.
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The firm reveals that if an investor poured in $1,000.00 in Dogecoin today and held onto it until May 8, 2030, they could potentially make $757.88. This would represent a 75.79% return on investment over the following 1973 days.
