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Dogecoin Price Predictions: Can Elon Musk’s Support Lift the DOGE Crypto?

2y ago

bullish:

bearish:

Dogecoin coins with doge faces peeking out of brown leather wallet. The coins have the words "wow much coin how money" embossed on them.

Source: shutterstock.com/Igor Igorevich

The news that has DOGE on the move is Musk’s Tesla (NASDAQ:TSLA) not selling any of its stake in the token during its second quarter of the year. That’s worth noting that Tesla offloaded 75% of its Bitcoin (BTC-USD) holdings during that period.

While that news wasn’t welcomed well by investors in Bitcoin, Dogecoin lovers are lapping it up. That’s resulted in the crypto trending on social media as investors share memes and talk about Tesla’s decision to hold onto DOGE.

Keeping all of that in mind, let’s take a look at the most recent price predictions for Dogecoin below!

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Dogecoin Price Predictions

WalletInvestor starts our list of Dogecoin coverage with a one-year price target of $0.132.
Next up is CryptoNewZ with its potential high of 20 cents and possible low of 6 cents in mid-2023.
Gov Capital closes out the price predictions for DOGE today with a one-year forecast of $0.19794561659906 for the crypto.

To put those Dogecoin price predictions into perspective, the crypto was trading for around $0.0681 as of this writing. It’s also worth mentioning that DOGE is down 1.5% over the previous 24-hour period as of Friday afternoon.

Crypto investors seeking our more recent market news are in the right place!

InvestorPlace offers all of the crypto coverage that traders need to know about for Friday! Among that are Grove (GVR-USD) price predictions, a list of overlooked meme coins, as well as cheap cryptos that could take off. You can find all of that news at the links below!

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.