On September 3rd, Tesla developer and big fan of crypto dogs Elon Musk noted the progress that the developers of Dogecoin (DOGE) have made with the release of the new version of the client. The software is designed to pave the way for the next rate cut in the cryptocurrency network and to increase node synchronization speed. (Also read: After Doge, Wifedoge, “the woman” of Dogecoin (DOGE) made a resounding entry)
Good progress. By applying information theory to currencies (which are just information), lower fees reduce noise, and faster and more consistent sync time improves latency and jitter.
– Elon Musk (@elonmusk) September 2, 2021
“Good progress. By applying information theory to money, lower fees reduce noise, and fast, consistent node synchronization reduces latency and jitter,” Musk wrote.
On Twitter, Musk repeatedly mentioned the cryptocurrency meme that influenced his price. Recently, an anonymous user posted the new Dogecoin reform on a microblog. He said the network needed more new nodes to secure it. Musk responded to his tweet with one word – “important”.
With an average daily transaction volume of 1.87 billion US dollars, Dogecoin ranks eighth in the global ranking of cryptocurrencies. The current price is $ 0.30. In the last 24 hours the price has changed by -0.20%.
Recall that Musk wrote on his blog in May that Dogecoin could defeat Bitcoin if major changes were made to the altcoin network. The billionaire also said he was working with the project’s developers to improve the system’s transaction efficiency.
Dogecoin price prediction 2021, 2025, 2030 | DOGE price forecast
Dogecoin price prediction 2021-2022
Dogecoin price started at $ 0.0232 in 2021. Dogecoin was trading at $ 0.2995 today, up 1191% since the start of the year. The forecast Dogecoin price at the end of 2021 is $ 0.57 – and the year-to-year change is + 2357%. The increase from today to the end of the year: + 90%. In the first half of 2022, the Dogecoin price will rise to $ 0.61; in the second half the price would add $ 0.18 and close the year at $ 0.79, which is + 164% of the current rate.
Dogecoin forecast 2023-2027
Those five years would bring a significant increase: the Dogecoin price would go from $ 0.79 to $ 1.63, an increase of 106%. Dogecoin will start at $ 0.79 in 2023, then climb to $ 0.97 within the first six months of the year, and end at $ 1.14 in 2023. That means + 281% from today.
Dogecoin forecast 2028-2032
During this period, the Dogecoin price would rise from $ 1.63 to $ 2.09, which is + 28%. Dogecoin will start at $ 1.63 in 2028, then climb to $ 1.73 within the first half of the year, and end at $ 1.83 in 2028. It’s about + 511% from today.