Dogecoin (DOGE), known as the 'Shiba Inu killer', is one of the hottest meme coins in recent years. However, due to geopolitical issues and controversies related to Elon Musk, its price has continued to decline, currently at $0.19, with a 15% drop over the past month. Despite optimistic predictions circulating online that Dogecoin will rise to $5 or even $10, what are the realistic price targets for Dogecoin by 2030? Two realistic price targets:
1. Basic Target: $0.45
If Dogecoin can maintain its meme popularity, receive occasional endorsements from Musk, and integrate practical functionalities like Tesla or X payments, the price is expected to reach $0.45.
Market Cap: Approximately $60-70 billion, close to the 2021 peak, in line with market enthusiasm.
Reason: Meme culture and Musk's influence are key.
2. Optimistic Target: $1.45
If Dogecoin is deeply integrated with the X payment system or gains ETF attention, establishing a significant position in the crypto market, the price could surpass $1, reaching $1.45.
Market Cap: Approximately $170 billion, needs a surge in altcoins or strong support from Musk.
Reason: High adoption rates and market enthusiasm can drive significant increases.
Technical Analysis and Market Sentiment
According to CoinCodex's prediction, Dogecoin could reach $1.29 by 2050, a rise of about 578%. However, current market sentiment is bearish, with a fear and greed index of 71 (greed), and technical indicators mostly indicate 'sell'. Over the past 30 days, the price volatility has been 9.13%, with the price rising half of the time, so buying in the short term is not recommended.