Dogecoin price has taken a hit after dropping by 73% from all-time highs. Such declines often spook new investors, but they also present an opportunity for seasoned traders to buy the dip. With Dogecoin price now trading at a discount, could now be the perfect time to buy? If an investor buys 1,000 to 10,000 DOGE today, how much would they gain if the price rebounds? Let us explore the potential returns and whether this dip is a good buying opportunity.
Dogecoin Price: Should I Buy 1,000 to 10,000 DOGE During the Dip
Dogecoin price today trades at $0.208, meaning that if a trader were to buy 1,000 to 10,000 DOGE, it would cost them between $208 and $2,080. Given this amount of initial investment, the average crypto trader can secure massive returns on the meme coin. Let us discover why.
Dogecoin Price Can Repeat 2024 Rally and Hit $1
Between September 2024 and November 2024, the price of DOGE surged by 400% alongside the rest of the crypto market. This rally was before Elon Musk killed DOGE’s popularity. If DOGE were to regain popularity and repeat such a rally, it could reach $1, and the investors who bought now would scoop massive gains.
For a trader that bought 1,000 to 10,000 DOGE for between $208 and $2,080, they would get nearly 5x gains, which would increase the value of their holdings to between $1,040 and $10,400.
DOGE May Rally 30,000% to $60
What if Dogecoin price makes even bigger gains that overshadowed the 2024 rally? Dogecoin, like many cryptocurrencies, follows cyclical trends. Between 2020 and 2021, DOGE rallied by more than 30,000% as the price moved from below $0.003 to an all-time high of $0.73 within one year.
If it were to repeat this structure, DOGE could surge to the $58-$60 price range. This means that an investor who bought now with a 1,000 to 10,000 portfolio would get nearly a 300% return on their investment.
When Will Dogecoin Price Rally Past $1 to Hit $60?
A Dogecoin rally past $1 to $60 will bode well for investors who buy the dip. However, how long will DOGE take before reaching these price levels?
According to Grok3, $1 is a realistic target for Dogecoin that can be achieved this year in the case of Musk’s influence and a crypto bull run. The model predicted,
“$1 is likely achievable by late 2025 to mid-2026, driven by Musk’s influence, a crypto bull run, and community momentum”
On the other hand, DeepSeek’s Dogecoin price prediction anticipates that it could reach $60 by 2030 if it gets unprecedented levels of adoption. Per the model,
“Under the assumption of high adoption, Dogecoin could realistically reach $60 by 2030.”
Final Thoughts
Dogecoin has in the past delivered parabolic gains. Therefore, the recent 73% drop from its record high presents an opportunity for traders to buy DOGE at a discount. If the price recovers, traders who bought between 1,000 and 10,000 DOGE would record massive gains.
The post Dogecoin Price: Why Holding Only 1,000 to 10,000 DOGE Could Be a Game-Changer appeared first on CoinGape.
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