Michael GrawDogs of Elon (DOE) is a meme cryptocurrency loosely based on tokens like Dogecoin and Shiba Inu. It draws on Elon Musk’s support for Dogecoin as inspiration and includes a collection of 10,000 unique doge NFTs. Dogs of Elon has built a new decentralized autonomous organization (DAO) and has plans to launch its own NFT marketplace.
So, is Dogs of Elon a worthy investment? In our Dogs of Elon price prediction, we’ll examine this coin’s potential and analyze what the value of DOE could be in 2023, 2025, and beyond.
Dogs of Elon Price Prediction Summary
Dogs of Elon was launched in 2021 and quickly reached an all-time high of $0.741 per coin. The coin has fallen sharply and is currently priced at $0.017 per token.
Our Dogs of Elon crypto price prediction suggests that this coin could reach the following prices between 2023 and 2025:
- End of 2023: Further developments to this platform should take place during 2023, such as progress on two play-to-earn crypto games and possibly an NFT marketplace, which can be used in the game. Those two developments could result in a higher demand for the Dogs of Elon crypto and make it spike up to $0.030.
- End of 2025: By 2025, the Dogs of Elon should be a fully expanded platform with all of the work-in-progress complete and up and running. Having a fully functioning platform consisting of DAO, an NFT marketplace, and two crypto games may see the price of DOE pump to $0.055.
Dogs of Elon Coin Price History
Dogs of Elon held its crypto ICO in November 2021, launching on several decentralized exchanges at a price of $0.15 per DOE token. The coin’s launch was highly anticipated and DOE quickly gained traction. Within a week of launching, the DOE coin reached its all-time high of $0.741 – a gain of more than 4,000% for investors who bought this token during the ICO.
Unfortunately for Dogs of Elon, the coin’s launch coincided with the high tide of the crypto market. Dogs of Elon dropped sharply in the weeks after its all-time high, falling to $0.10 per DOE by December 1, 2021. As the crypto winter set in, Dogs of Elon has increasingly been avoided by investors as too high risk.
Dogs of Elon Price Chart
And that risk aversion can be seen clearly in the price charts Dogs for Elon hasn’t had a good run in 2022, and its run in 2023 doesn’t inspire any confidence. The token is opened in 2023 at a low value which has dropped further to $0.00025.
Dogs of Elon Crypto Price Prediction 2023
Going into 2023, things are looking a little brighter for Dogs of Elon. The project is planning to launch its own NFT marketplace, which would allow Dogs of Elon NFTs to be bought and sold in DOE without fees. Such a marketplace could significantly increase demand for $DOE, although the massive outstanding supply of the coin will likely prevent the price from shooting up as much as it otherwise might.
Dogs of Elon is also working on 2 play-to-earn crypto games. These games will presumably offer DOE as a rewards token, increasing the utility of DOE and further decentralizing ownership over the DAO. Play-to-earn crypto games could also drive demand for Dogs of Elon NFTs, since players will be able to use these NFTs as avatars within the games. If Dogs of Elon’s NFT marketplace is up and running, this additional demand will be funneled through DOE tokens.
While these developments are promising for the value of DOE, we think they will take time to have a significant effect on the coin’s price. There may be large spikes in price as the marketplace and games are released, but we expect these to be short-lived.
So, our Dogs of Elon crypto price prediction for 2023 is $0.030 on average. There may potentially be short periods of high volatility that could test the coin’s all-time high.
Dogs of Elon Coin Price Prediction 2025-30 Prediction
Looking over the long term, we’re more optimistic about the Dogs of Elon project. By 2025, Dogs of Elon should have a highly decentralized crypto DAO project, 2 or more play-to-earn crypto games, and an NFT marketplace. The team behind Dogs of Elon has also hinted at creating a metaverse for the project, which could help the community continue to grow and evolve over time.
The biggest uncertainty around Dogs of Elon in a few years’ time is how popular the doge meme – and Elon Musk’s involvement in promoting it – will be. Meme coins can go out of style for years at a time, and there is a strong risk that crypto investors simply lose interest in Dogs of Elon and move on to the next big thing.
Because of this, we have a wide range of uncertainty in our Dogs of Elon price prediction for 2025. We suggest an average price of $0.055 per token, but it is possible that DOE will drop back to its current price levels below $0.020 per token. It is also possible that Dogs of Elon’s crypto games and metaverse become lasting hits and that the coin is worth significantly more.
It’s even more difficult to make a DOE price prediction for 2030 or beyond. The project’s existing plans may take until 2023-2025 to complete, but there are no concrete plans from the community for how the coin will be developed beyond that time. It is also unclear whether the NFT market will keep the same shape it has now, or whether a new class of digital assets might supplant NFTs by 2030.
Given this, we suggest a Dogs of Elon price of $0.075 for 2030. However, this prediction comes with a very high level of uncertainty and should be approached with caution.
We’ve also written an in-depth guide about another meme coin, Wownero. Read all the details in our Wownero price prediction for 2022 to 2025 guide.
Potential Highs & Lows of Dogs of Elon Coin
We believe that Dogs of Elon is likely to experience a large degree of volatility in the years ahead and possibly become the most volatile crypto to buy. The coin could see significant spikes in price around the release of its play-to-earn crypto games, NFT marketplace, and metaverse platform. These spikes could be followed by steep corrections as coins from the available supply flood into the platform and speculative investors run for the exits.
So, investors should be aware not only of our average price predictions for DOE, but also the potential highs and lows the coin may reach. We think that DOE has already tested its low in 2022 and our Dogs of Elon coin price prediction of $0.020 represents the potential high for this year. In 2023, our prediction of $0.030 represents the average price of the coin – the high following the release of a P2E game may be up to $0.070 and the low in the ensuing crash may reach as low as $0.015.
There is a lot more uncertainty in our price predictions for 2024 and 2025. Accordingly, the potential high and low are spread much more widely around our average price predictions. Approach these lows and highs with caution, as major changes in the market for NFTs or play-to-earn crypto games could have a significant impact on DOE’s value.
| Year | Potential Low | Average Price | Potential High |
| 2023 | $0.016 | $0.00030 | $0.00040 |
| 2024 | $0.020 | $0.00043 | $0.00085 |
| 2025 | $0.010 | $0.00055 | $0.0015 |
What is the Dogs of Elon Coin Used For?
The Dogs of Elon coin has a wide variety of current and planned uses. Let’s take a closer look at what investors can do with DOE.
Governance
Right now, the primary purpose of the Dogs of Elon coin is as a governance token for the project. Dogs of Elon recently launched its DAO, putting control over the future of the project in the hands of the DOE stakeholder community.
Dogs of Elon isn’t fully decentralized yet since the development team still holds the lion’s share of coins. However, this is a major step in the direction of decentralization. Token holders will eventually be in control of all of Dogs of Elon’s smart contracts and will have the ability to make new proposals and vote on them.
NFT Marketplace
One of the most exciting developments that Dogs of Elon is working on is an NFT marketplace. This marketplace will serve as the official home of the Dogs of Elon NFT collection, which includes 10,000 unique NFTs.
Right now, investors need to buy these NFTs on NFT marketplaces such as OpenSea, LooksRare, and NFT Explorer. Once Dogs of Elon’s marketplace is launched, users will be able to buy and sell their Dogs of Elon NFTs within the community with no fees. Importantly, they will also be able to use DOE for payments in this marketplace.
Play-to-earn Gaming
Dogs of Elon is currently working on 2 play-to-earn crypto games that will have doge characters at their center. Eventually, players will also be able to use any Dogs of Elon NFTs they own as avatars within the games.
There are still few details about the gameplay and how the rewards system will work. However, it is likely that rewards will be paid out in DOE tokens and there may be an in-game marketplace where players can spend DOE.
The Dogs of Elon team has also discussed creating a metaverse where players and investors can get together. There are very few details on this metaverse for now and it appears that no development has begun on this project.
Staking
Dogs of Elon is an ERC20 token and can be used for crypto staking. Token holders who stake their DOE or Dogs of Elon NFTs can earn crypto interest in DOE. Note that Dogs of Elon warns that interest rates may drop over time as more token holders join the staking pools. The project currently has a total value locked of $2,007,028.34.
What Drives the Price of Dogs of Elon?
The price of Dogs of Elon is largely driven by the interest in this coin. Right now, DOE is just a governance token for a brand new DAO. So, investors are mostly getting in on this cryptocurrency because of a belief that the project is worthwhile and that having a stake in it will be valuable in the future.
The price of Dogs of Elon has been kept low by the fact that the outstanding supply of DOE tokens is so large. That problem should begin to dissipate with more ways to use DOE – like play-to-earn games and the NFT marketplace – are released. In addition, once token holders have full control over the DAO, they could potentially elect to burn some of the existing supply of DOE tokens to support the coin’s price.
Is Dogs of Elon the Best Coin to Buy in 2023?
Dogs of Elon has some promise, especially if the project’s play-to-earn games and NFT marketplace develop as planned. However, we don’t think it’s the best coin to buy in 2023, and the recent performance of this token has made it quite a risky asset that we recommend our readers are better off not investing in.
But if they are looking for a good crypto to invest in, Love Hate Inu is a strong contender on presale now. Imagine the viral aspect of the memecoin combined with a DAO project that takes the voting module beyond the confines of its own ecosystem and extends into online surveys.
The global online survey industry is a market that has so far been untouched by the cryptocurrency space – Love Hate Inu is trying to change that.
The project uses the standard Decentralized Autonomous Organization (DAO) mechanics of voting to keep the votes democratized, decentralized, transparent, and profitable. Voting is done by staking its native token LHINU. The more tokens a user stake, the more voting power they have. Alongside that, staking duration also adds to the voting power. This approach ensures that this meme crypto provides equal voting rights to all.
Love Hate Inu also allows users to create their own polls as well. Voting also comes with a earning mechanic, making Love Hate Inu the world’s first Web3 Vote to Earn crypto. Learn more at the link below.
Conclusion
Dogs of Elon is a meme cryptocurrency that’s in the process of building a DAO, NFT marketplace, play-to-earn crypto games and more. Our Dogs of Elon price prediction suggests this coin could see growth in the years ahead, although there’s a lot of uncertainty around whether DOE has staying power.
We think LHINU could be a better alternative to Dogs of Elon being earlier in its roadmap, still at the presale stage with high growth potential for early investors.
Love Hate Inu - Next Big Meme Coin
- First Web3 Vote to Earn Platform
- Vote on Current Topics and Earn $LHINU Tokens
- Secure, Reliable and Anonymous Voting
- Rug Pull Proof - 90% of Tokens Available in Presale
- Accumulate Voting Power by Staking $LHINU Tokens
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This article was written for Business 2 Community by Michael Graw.
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