Doge Price Prediction: Elon Musk hailed the success of Dogecoin developers
On September 3, Tesla developer and big fan of crypto dogs Elon Musk noted the progress made by the developers of Dogecoin (DOGE) with the release of the new version of the client. The software is designed to set the stage for the next fee reduction on the cryptocurrency network and increase node sync speed.
Good progress. By applying information theory to money (which is just information), lower fees reduce noise and faster, more consistent sync time improves latency and jitter.
– Elon Musk (@elonmusk) September 2, 2021
“Good progress. By applying information theory to money, lower fees reduce noise and fast, consistent node synchronization reduces latency and jitter,” Musk wrote.
On Twitter, Musk repeatedly mentioned the cryptocurrency meme, influencing its price. Recently, an anonymous user posted the new Dogecoin reform on a microblog. He said the network needs more new nodes to secure it. Musk responded to his tweet with one word – “important”.
Dogecoin occupies the eighth position in the global cryptocurrency ranking with an average daily transaction volume of $ 1.87 billion. The current price is $ 0.30. In the last 24 hours the price has changed by -0.20%.
Recall that in May, Musk wrote on his blog that Dogecoin could defeat Bitcoin if major changes are made to the altcoin network. The billionaire also said he is working with the developers of the project to improve the system’s transactional efficiency.
Dogecoin Price Prediction 2021, 2025, 2030 | DOGE price prediction
Dogecoin Price Prediction 2021-2022
The price of Dogecoin started in 2021 at $ 0.0232. Today, Dogecoin was trading at $ 0.2995, so the price has risen 1191% since the start of the year. The Dogecoin price expected at the end of 2021 is $ 0.57 – and the year-to-year change is 2357%. Today’s increase at the end of the year: + 90%. In the first half of 2022, the price of Dogecoin will climb to $ 0.61; in the second half of the year, the price would add $ 0.18 and close the year at $ 0.79, or + 164% from the current price.
Dogecoin prediction 2023-2027
These five years would result in a significant increase: the price of Dogecoin would rise from $ 0.79 to $ 1.63, an increase of 106%. Dogecoin will start 2023 at $ 0.79, then climb to $ 0.97 in the first six months of the year and end 2023 at $ 1.14. This means + 281% as of today.
Dogecoin Prediction 2028-2032
During this period, the price of Dogecoin would rise from $ 1.63 to $ 2.09, or + 28%. Dogecoin will start in 2028 at $ 1.63, then rise to $ 1.73 in the first half of the year and end 2028 at $ 1.83. It is around + 511% as of today.