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Tuesday, March 5, 2024

Doge Price Prediction: Elon Musk praised 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. (Also Read: After Doge, Wifedoge, “the wife” of Dogecoin (DOGE) made a resounding entry)

“Good progress. By applying information theory to money, lower fees reduce noise and fast, consistent node synchronization reduces latency and jitter, ”- wrote Musk.

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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 transactional efficiency of the system.

Dogecoin Price Prediction 2021, 2025, 2030 | DOGE Price Forecast

Dogecoin Price Prediction 2021-2022

Dogecoin price started in 2021 at $0.0232. Today, Dogecoin traded at $0.2995, so the price increased by 1191% from the beginning of the year. The forecasted Dogecoin price at the end of 2021 is $0.57 – and the year to year change +2357%. The rise from today to year-end: +90%. In the first half of 2022, the Dogecoin price will climb to $0.61; in the second half, the price would add $0.18 and close the year at $0.79, which is +164% to the current price.

Dogecoin Prediction 2023-2027

These five years would bring a significant increase: Dogecoin price would move from $0.79 to $1.63, which is up 106%. Dogecoin will start 2023 at $0.79, then soar to $0.97 within the first six months of the year and finish 2023 at $1.14. That means +281% from today.

Dogecoin Prediction 2028-2032

In this period, the Dogecoin price would rise from $1.63 to $2.09, which is +28%. Dogecoin will start 2028 at $1.63, then soar to $1.73 within the first half of the year, and finish 2028 at $1.83. It is about +511% from today.

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