Meme coin fever, inspired by dogs, is coming to the markets again today. Various meme coins such as e.g. Dogecoin (CCC:DOGE-USD) grew higher within the day. However, the morning rise was followed by afternoon sales. That limited today’s profits for DOGE. Nevertheless, investors seem to be increasingly interested in Dogecoin price forecasts as volatility among major cryptocurrencies around the world is increasing.
Most dog-themed cryptocurrencies have started to heat up in recent days. In addition, a number of factors seem to elevate these names. Investors in most risky assets have calmed down the latest inflation figures. Sentiment is also improved among risky transactions. Now it seems that those who want to buy a dip are doing so.
For memes like Dogecoin, emotion is everything. This improvement, which we have seen among cryptocurrencies of memes, seems to point to some speculative money currently being used. Whether this will ultimately bring another rally remains to be seen. However, there is interest among many investors given the potential of DOGE.
So with that in mind, let’s delve into where the experts see DOGE go from here.
Dogecoin price forecasts
For context, DOGE currently trading at the time of this writing a little over 16 cents.
- WalletInvestor provides one-year and five-year price forecasts 35 cents or $ 1.14 for DOGE.
- Capital.com lists a price forecast range, from 58 cents to $ 1.19 over the next five years.
- finally CryptoNewsZ provides annual DOGE price targets 27 cents, 34 cents, 48 cents, 60 cents and 74 cents for the period 2022 to 2026.
At the time of publication, Chris MacDonald did not have (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author and are the subject of InvestorPlace.com Guidelines for publication.
Article printed from InvestorPlace Media, https://investorplace.com/2022/01/dogecoin-price-predictions-where-will-pupcoin-frenzy-take-the-doge-crypto/.
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