Dogecoin on the way to the dollar: Is there a risk of a mega high?

Dogecoin on the way to the dollar: Is there a risk of a mega high?

Dogecoin, the well-known cryptocurrency, was launched as a joke in 2013 and has grown from a curiosity to a serious concern over the years. Particularly impressive was the meteoric rise of the DOGE price in 2021, fueled by an engaged community and support from prominent figures such as Elon Musk. Loud Investx Dogecoin could reach $1 by the end of 2025.

As of the current May-June 2025, the price of Dogecoin is around $0.23, having recovered from lows of $0.14. Trading volume is over $2.4 billion while market capitalization is $34.8 billion, making DOGE the eighth largest cryptocurrency on the market.

Support and forecasts

The momentum behind Dogecoin is fueled by a loyal following of supporters, relying not only on the community but also on external factors. The integration of Dogecoin as a payment method on platforms like The average price could settle around $0.52, and the possibility of a DOGE ETF higher than 75% could further boost Dogecoin. These ETF launches could create a massive bullish wave for the price as Dogecoin gains increasing recognition among institutional investors and large portfolios, noted Cointelegraph.

The development of Dogecoin is characterized by various challenges. The Memecoin market is highly competitive, yet Dogecoin remains the leader and is attracting more and more investors. The strong support of Elon Musk as well as the possible impact of his companies, especially Tesla and X, could further strengthen DOGE. Analysts at Cointelegraph expect that Dogecoin could reach an average price of $1.50 and a maximum price of $1.80 by 2030.

Price development and investment considerations

Dogecoin’s price performance shows a volatile history. After launching in 2013, DOGE started at a price below $0.0002 before reaching an all-time high of $0.74 in May 2021. After falling to lows of $0.05 in 2022, the price recovered to $0.48 by 2024, heavily influenced by political developments in the US. Forecasts suggest that DOGE may continue to show potential in a very speculative market, however, investing in this cryptocurrency remains risky due to its high volatility and dependence on market conditions.

Overall, Dogecoin shows that it has moved away from its roots as a memecoin and is establishing itself as a serious cryptocurrency. The commitment of a dynamic community and increasing acceptance as a means of payment could significantly shape DOGE's future.