Dogecoin is currently trading at the $0.40 price range and is looking to level up in the charts. The meme coin reached a yearly high of $0.47 last month, attracting heavy bullish sentiments in the charts. Trump’s re-election kicked off a rally, doubling its price in less than a month. In addition, DOGE has soared nearly 350% in a year and is among the market’s top-performing digital assets.
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An investment of $1,000 last year turned into $4,500 in 2024. That’s phenomenal returns in a year, as very few financial instruments can provide 350% returns during the same timeframe. A new bullish price prediction now forecasts that Dogecoin can breach the $1 mark and go further in the indices. The bullish price prediction stems from Elon Musk’s closeness with President-elect Donald Trump, who is now a crypto believer.
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Dogecoin To $1.48: Latest Price Prediction
Leading on-chain metrics and prediction firm Digital Coin Price has painted a bullish picture for Dogecoin. According to the price prediction, the meme coin could reach a new high of $1.48 in 2026. The average trading price could be $1.34, and the minimum price the meme currency could trade is $1.20.
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If Dogecoin hits $1.48, it would be an uptick and return on investment (ROI) of approximately 270%. Therefore, an investment of $1,000 could turn into $3,700 in 2026 if the price prediction turns out to be accurate. “By 2026, market analysts and experts predict that DOGE will start the year at $1.20 and trade around $1.48. According to their predictions, this would be extremely high compared to last year. This is really an acceptable jump in Dogecoin,” read the forecast.
At press time, Dogecoin was trading at $0.40 and is down nearly 3.5% in the 24-hours day trade. DOGE is also down close to 45% from its all-time high of $0.73, which it reached in May 2021.
