Dogecoin Creator Predicts $100,000 for Ethereum (2024)
In a surge driven by speculation over potential spot Ethereum ETF approvals, Ethereum’s value skyrocketed on May 20. Indeed, it observed its largest single-day increase in market value to date. The cryptocurrency’s price surged by over $590 within 24 hours, raising its market cap by more than $70 billion and reaching $3,660, a level not seen since early April.
This dramatic rise has reverberated through the cryptocurrency community, sparking renewed discussions about Atheneum’s future. Billy Markus, co-creator of Dogecoin and known as Shibetoshi Nakamoto, commented on the price surge, suggesting a long-term bullish outlook for Ethereum. Markus expressed hope for ETH to reach $100,000, mirroring a broader optimism among crypto enthusiasts.
Markus also highlighted the volatility and unpredictability of the crypto market. He noted the ironic timing of market movements, where personas—buying or selling—often coincide with immediate opposite shifts. This common trader experience underscores the difficulty in timing traders and the market’s notorious volatility.
Markus’ bold prediction of Ethereum reaching $100,000, while ambitious, echoes the optimism of many in the crypto community who believe in blockchain technology’s long-term potential. Although speculative, the recent surge highlights the impact that regulatory developments and market sentiment can have on cryptocurrency prices.
Furthermore, Markus’ statement notes the speculative nature of the crypto market. However, it also reflects a broader belief in Ethereum and the market’s transformative potential.
On May 20, Ethereum jumped 27% against the U.S. dollar. This spike was driven by speculation that the U.S. Securities and Exchange Commission [SEC] might approve several spot Ether exchange-traded funds [ETFs]. The anticipation of these ETFs created a bullish sentiment among investors, leading to significant market activity.
Ethereum’s price rose from $3,144 to $3,668, with a 24-hour market volume of $38.2 billion. ETF analysts James Seyffart and Eric Balchunas increased their approval odds for a spot Ether ETF from 25% to 75%, fueling the speculation. Approval of these ETFs is seen as a major milestone that could lead to increased institutional investment and broader market acceptance.
Whether Ethereum reaches $100,000 or not, these developments highlight the significant impact that regulatory decisions and market sentiment can have on digital assets’ future.
In like fashion, Ethereum, the second-largest cryptocurrency, is expected to maintain its upward trajectory and form higher highs in 2025. Moreover, with increased adoption and the demand for ETH, the ETH coin price can create a new all-time high $14,925.
Dogecoin's price today is US$0.1664, with a 24-hour trading volume of $1.5 B. DOGE is -2.91% in the last 24 hours. It is currently -4.71% from its 7-day all-time high of $0.1747, and 6.85% from its 7-day all-time low of $0.1558. DOGE has a circulating supply of 144.49 B DOGE.
Dogecoin can be used for making payments and purchases but has not been an effective store of value cryptocurrency. This is due to an infinite number of Dogecoins that can be created, making the cryptocurrency highly inflationary by design.
If ETH reaches $166,000 per token by 2030, it would create huge gains. Specifically, an investment of $1,000 would be worth $54,330. An investment of $10,000 would be worth $543,300.
Based on our research, ButtChain, Bonk, Sealana, Bitcoin, Celestia, and Solana stand out as the best cryptos in 2024. ButtChain, in particular, is catching attention with its playful branding, innovative features, and ingenious tokenomics.
There are analysts who believe that Dogecoin has massive long-term potential for growth and adoption. CoinMarketCap analysts expect Dogecoin to remain a major player in the cryptocurrency market for years to come and foresee that its price could reach up to $4,423 by 2050.
The prediction of a $100 DOGE relies on "hyperbitcoinization," a scenario in which Bitcoin surpasses traditional money. While that is unlikely to happen by 2028, it could happen well into the future. With this in mind, a $100 DOGE is a possibility, though perhaps not on the timeline indicated by the analyst.
Deciding when to sell Dogecoin depends on your individual financial goals, risk tolerance and market conditions. Consider factors like price trends, your investment timeline and potential tax implications.
Dogecoin is, therefore, considered more suitable as a currency for payments than BTC, but the vast majority of people buy Dogecoin for speculative reasons. Like all cryptocurrencies, its value rises and falls based on market sentiment, with meme coins more prone to volatility than other crypto asset classes.
The unpredictable nature of short-term Dogecoin prices can make you money, but investors may want to think twice about buying and holding. Unfortunately, Dogecoin wasn't designed well for long-term price appreciation. For starters, there is no supply cap like there is with Bitcoin.
Can ethereum reach $50,000? Ethereum prices could surpass $50,000 by 2030 in a best-case scenario, according to VanEck. But that would require a significant rise in activity on the ethereum blockchain over the next six years.
According to Cryptonewz, by the end of the current year 2024, ETH will touch $5,000. By the year 2025, Ethereum is expected to reach the maximum level of $6,500 with a minimum of $ 4,500 and an average of $5,500. And by the year 2030, it is expected that it may go up to a maximum of $20,500.
Introduction: My name is Allyn Kozey, I am a outstanding, colorful, adventurous, encouraging, zealous, tender, helpful person who loves writing and wants to share my knowledge and understanding with you.
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