Dogecoin Price Prediction 2021: Is Dogecoin a Good Investment?

Dogecoin Price Prediction: Technical Analysis

Dogecoin has gone up thousands of percent in 2021 alone. This has mostly been fueled by Elon Musk’s support for the asset. Earlier this year, he posted several tweets that showed his support for DOGE, which could have made more investors interested in it.

Dogecoin Price Prediction: Market Opinions

So, is Dogecoin a good investment? The following are the opinions of some top websites on Dogecoin price prediction, which should help you answer the question for yourself.

Dogecoin Price Prediction for June

Longforecast

For June, Longforecast’s Dogecoin price prediction puts the price at $0.31 at the start of the month. This is expected to trend between $0.17 and $0.37 within the month. The closing price is set at $0.22 for the month.

Digitalcoinprice

Digitalcoinprice expects the price of Dogecoin to reach $0.52208821 in June. Their Dogecoin price prediction for the month is bullish at this average and will increase the value by 59.79%.

Previsionibitcoin

Previsionibitcoin is cautiously optimistic. Their Dogecoin price prediction is that the asset will reach an average of $0.417142 in June. This will be an increase from the current price, which means they expect the price to start growing again by June.

Dogecoin Price Forecast for the Rest of the Year

Tradingbeasts

Tradingbeasts is not so bullish about Dogecoin for the rest of 2021. According to their DOGE price prediction, the maximum price that DOGE is expected to reach for the rest of 2021 is $0.5485789 and that is in December. The minimum price is $0.3730337 for the last month of the year.

Gov.capital

Like Tradingbeasts, this website does not expect much from Dogecoin for the rest of the year. The DOGE price prediction sees the asset reaching a maximum of $0.397 towards the end of December 2021. The least price during this period will be $0.335.

Cryptoground

Cryptoground puts its DOGE price prediction at $0.4476 six months from June (end of the year). This will represent an increase of 44.63%, and is one of the most bullish predictions so far. The figure below shows other longer-term predictions as well.

Cryptocurrency Experts and Influencers

Some analysts believe that Dogecoin has a brighter future than most think. A crypto technical analyst and Dogecoin fan, Matt Wallace, is positive that Dogecoin is already on its way to recovery.

Latest News and Happenings Concerning Dogecoin

Elon Musk has been the leading figure when it comes to Dogecoin, so most people expect him to have the highest Dogecoin holdings. However, recent events suggest this may not be true.

Dogecoin Price Prediction: Verdict

From the price analysis, Dogecoin is still in a good position as an asset. However, looking at the Dogecoin price predictions, it is clear that analysts are losing confidence in the price bouncing back strongly anymore this year. As the price has crashed to almost an overbought level, buyers may step in again and start pushing the price up again if all goes well. On the question of why is Dogecoin going up, it may be because it has gained investors’ confidence, which may significantly enhance its future growth.

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Coindoo

Coindoo

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Coindoo, a digital media and information services website operating in the cryptocurrency and blockchain industry. https://coindoo.com/