Now that we are leaving 2021 behind, many altcoins made serious pricing in 12 months. So how many dollars will Dogecoin (DOGE) reach in 2022? The price, which was around $ 0.005 at the beginning of this year, rose to $ 0.70. Investors who bought Dogecoin in the early period are still profitable, but we cannot say the same for those who fell into the FOMO in May.
Why Is Dogecoin (DOGE) Rising?
Of course, Elon Musk is responsible for the price that has risen close to 40% from $ 0.15 to the level of 0.21 today, and if Dogecoin is making double-digit movements, Elon Musk has most likely shared. Our mischievous billionaire detonated the bomb today and announced that they will pave the way for the use of Dogecoin (DOGE) for payment on some Tesla-branded products. For now, Dogecoin will not be used in vehicle sales, but Elon Musk does not seem far from this possibility as someone who has previously accepted payments with Bitcoin.
Tesla sells many products on its website. From the whistle to the badge, they offered quite different products under the Tesla brand. Products such as toy cars, car chargers, pajama sets and jackets can still be purchased on the website. Elon Musk will likely offer the Dogecoin payment option as a pilot for product options that will least impact the brand of Dogecoin price volatility. Dogecoin has a fairly large community and people can buy from Tesla brand products like crazy because they can only pay with DOGE.
Dogecoin (DOGE) 2022 Forecasts
The price is still 19% higher due to the announcement made by Elon Musk today, and DOGE continues to find buyers at $0.19 at the time of writing. First, the price needs to maintain the $0.19 support in the short term. At least in the first quarter of 2022, it should not lose this region in order to make a serious pricing.
What matters is where you will catch the 2022 rally. The region where the momentum will gain momentum will be the $0.2345 levels. We can expect more investors to enter from this region. The next stop will be the $0.33 resistance for the new ATH test, if this area is broken in volume, we can say that the rally begins now. The strong resistance zone at $0.5065 seems to be the last stop before the new ATH. The price, which surpasses the last resistance, will open the way to the new peak of 2022. From here, the journey will start to a region between 0.70 and 0.85 dollars. If we encounter a Dogecoin that can hold above $ 0.70, Dogecoin will multiply its market value according to the total market value of that day.
In the negative scenario, it can buy one more zero per price and stay like this for months. If such a situation occurs, it will most likely be testing $28,000 and gold in Bitcoin.