Prominent entities have commented on when Dogecoin could reach $9, progress to $20, and eventually hit $54 amid surging interest in the meme coin king.
Dogecoin remains one of the leading coins many are watching closely for its performance. However, Dogecoin’s recent price actions have been underwhelming, with a negative year-to-date gain of 14%. With Dogecoin trading at $0.2700 at press time, it has lost 30% of its value over the last four weeks alone.
Meanwhile, many remain hopeful about Dogecoin’s performance in the near future. Amid this optimism, this article highlights projected timelines for Dogecoin to reach lofty prices like $9.35, $20.68, and $54.67.
Projected Timeline for Dogecoin to Reach $9.35
Prominent market watcher Trader Alan recently argued that Dogecoin could reach $8 by the 2028 bull market. According to him, this price is a reasonable expectation for DOGE by that time.
Analysts at Telegaon align with this projection, suggesting a minimum price of $9.14 for Dogecoin by 2029. They also proposed a maximum price of $13.05 for the same year. Meanwhile, ChatGPT suggested Dogecoin could reach $9.35 between 2028 and 2032.
However, analysts at Changelly Exchange disagree with these timelines. Instead, they argue Dogecoin could only reach a minimum target of $9.35 by January 2040, or 15 years from now.
It is worth mentioning that reaching $9.35 would require the current price of Dogecoin to increase by 3,363%.
Timeline for Dogecoin to Reach $20.68 and $54.67
While Dogecoin has not yet broken the $1 price record, there have been wide projections about a future where it could even trade in the double-digit range.
According to analyst Dima Potts, Dogecoin could reach $20 this year. Meanwhile, Telegaon analysts argue the milestone could be attainable between 2030 and 2035. This view aligns closely with those of ChatGPT, which proposed that 2032 and 2038 are likely times for Dogecoin to reach $20.
However, Changelly analysts argue for a 15-year timeline for a $20.68 price to materialize for Dogecoin, suggesting March 2040.
For context, reaching $20.68 would require an extraordinary growth of 7,559%. At this time, Dogecoin would have a market cap of over $3 trillion.
Timeline for Dogecoin to Reach $54.67
While Changelly analysts argue Dogecoin could reach $20 by March 2040, they also suggest the meme coin would progress further to $54 in the same year. Specifically, they predicted a minimum price of $54.67 for Dogecoin by September 2040.
Interestingly, Telegaon analysts and ChatGPT agree with this 2040 timeline for a $54 price for Dogecoin.