Expectations for the Dogecoin price to eventually rise to $1 are still high, despite the meme coin having crashed significantly over the last few months. Crypto analysts have given various timelines for when this could be possible, all giving different reasons as to why. So, we asked Elon Musk’s Grok AI when the Dogecoin price could reach $1 and it provided a possible timeline that could be appealing to some and maybe too far into the future.
When The Dogecoin Price Could Touch $1
The Dogecoin price is currently trading below $0.2, which means that it still has more than a 500% rise to reach the $1 target. Mostly, the expectations for when the meme coin will reach the price has been 2025, as crypto traders and analysts expect the market to follow a similar timeline to the 2020-2021 bull market. However, that has not been the case as this cycle seems to have deviated from the last and has not followed the same timeline.
Given this, the timeline given by Grok AI has been significantly different from what has been coming out of the market. The AI speculates that the Dogecoin price would not reach $1 in 2025. Rather, it would be another year before the price can complete the 500-600% surge required to meet this target. Hence, Grok AI predicts that the Dogecoin price will likely touch $1 in 2026.
As for what could trigger this surge, the AI points out that Dogecoin’s biggest surges have happened with viral moments and retail frenzy. In 2021, it was sparked by billionaire Elon Musk who constantly talked about the meme coin to his over 100 million followers on the X (formerly Twitter) platform.
Thus, it would likely take another retail frenzy sparked by a major event to trigger the kind of surge required for the Dogecoin price to reach $1. Some have speculated that the approval of a Dogecoin ETF would be the trigger for this, making it a highly anticipated event.
DOGE Predictions For $1
A number of crypto analysts have predicted that the Dogecoin price could hit $1 and one of those is Lord of Alts. The analyst points out that the meme coin would reclaim $0.5 first, and once this happens, the next target would be $1.
Another analyst, Crypto Jack, outlined that the Dogecoin price is currently facing multiple resistance levels that continue to hinder a rally. The major resistance to be beaten lies at $0.5696, and in the event of a clean break, the analyst believes that DOGE could even rise as high as $2.7.
Featured image from Dall.E, chart from TradingView.com