The OG meme cryptocurrency Dogecoin (DOGE) has been one of the earliest assets in the market. Despite the advent of many meme coins, DOGE has retained itself as the largest meme coin. It has remained among the top ten cryptocurrencies in the market. At press time, DOGE stood as the eighth largest asset with a market cap of $14.25 billion.
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Dogecoin’s Current Status and Market Performance
Even though DOGE has been quite popular among celebrities, it has failed to witness a significant rally. The asset has received high-profile endorsements over the years, yet $1 has been a dream for the meme coin. At press time, DOGE was trading at $0.0977, a nearly 2% rise over the past 24 hours.
While this recent surge is bullish, it seems dainty for DOGE investors. The meme coin has been in a price rut for quite some time. The asset hasn’t gone past 22 cents in the past year. Therefore, it isn’t surprising that the DOGE community was in “fear.” Dogecoin’s “fear and greed index” was at 39%, indicating “fear.”
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Will Dogecoin Take On A Bullish Chapter Five Years From Now?
While the upcoming prediction is bullish, DOGE investors must wait longer to achieve the $1 mark. According to data from Changelly, in the next five years, DOGE will surge to a high of $0.6892. This represents a 605% rise from the meme coin’s current price level.
As seen in the image below, this peak is expected to be attained by the end of the year. This level is below the asset’s all-time high of $0.7376.
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