This article provides a comprehensive review of Dogecoin’s historical price movements and market volatility since its inception, combining data from bull and bear market phases to evaluate the potential returns for investors purchasing 10 DOGE coins. It addresses the critical question “Should I buy Dogecoin now?” to help both newcomers and long-term investors identify optimal entry points and growth opportunities.
Bull Market Origins and Early Market Cycles: Historical Price Review (2017 to 2021)
Dogecoin was created on December 8, 2013, based on the Scrypt algorithm. According to CoinMarketCap records, its earliest recorded trading price was approximately $0.000196.
The following represents Dogecoin’s price changes during the initial bull market phase:
2017
Opening Price: $0.000196
Closing Price: $0.008913
Highest Price: $0.008913
Lowest Price: $0.000196
Annual Return: 4,447.45%
2018
Opening Price: $0.017086
Closing Price: $0.002248
Highest Price: $0.017086
Lowest Price: $0.002066
Annual Return: -86.84%
2019
Opening Price: $0.002042
Closing Price: $0.00207
Highest Price: $0.003541
Lowest Price: $0.001877
Annual Return: 1.37%
2020
Opening Price: $0.0022
Closing Price: $0.009846
Highest Price: $0.009846
Lowest Price: $0.001691
Annual Return: 347.55%
2021
Opening Price: $0.009833
Closing Price: $0.1744
Highest Price: $0.570484
Lowest Price: $0.008713
Annual Return: 1,673.62%
An investor who purchased 10 DOGE coins during the early bull market phase in 2017 would see a potential gain of 1.05 if sold today.
Bear Market Adjustments and Mid-Term Market Cycles: Returns and Risk Analysis (2022 to 2023)
During this period, Dogecoin experienced significant price corrections following the peak reached in 2021, reflecting broader market headwinds in the cryptocurrency sector.
The following shows potential returns for investors purchasing 10 DOGE coins during the bear market or consolidation phase:
2022: -0.44831
2023: 0.32047
Recent Market Cycles: Should I Buy Dogecoin Now? (2024 to 2026)
In recent years, Dogecoin has experienced renewed volatility, with significant price movements prompting market debate about whether a new bull market has emerged or if the asset remains in a corrective phase.
2024
Opening Price: $0.078239
Closing Price: $0.38225
Highest Price: $0.46628
Lowest Price: $0.078239
Annual Return: 388.57%
2025
Opening Price: $0.33591
Closing Price: $0.1495
Highest Price: $0.35828
Lowest Price: $0.12393
Annual Return: -55.49%
2026
Opening Price: $0.13801
Closing Price: $0.10564
Highest Price: $0.13801
Lowest Price: $0.09558
Annual Return: -23.45%
Potential returns for investors purchasing 10 DOGE coins during this recent period are as follows:
2024: 0.27401
2025: -2.3027
2026 to present: -0.3237
Summary: Bull Markets, Bear Markets and Investment Timing Analysis
Through analysis of Dogecoin’s historical prices and potential returns, we observe a volatile pattern characterized by dramatic gains in certain years followed by substantial corrections. The data demonstrates that while early investors in 2017 experienced exponential returns, recent entrants have faced challenging market conditions. Current price levels remain significantly above historical lows but considerably below the 2021 peak, suggesting investors should carefully evaluate their risk tolerance and investment horizon before making allocation decisions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Dogecoin Historical Price and Returns Analysis: Should I Buy DOGE Now?
Abstract
This article provides a comprehensive review of Dogecoin’s historical price movements and market volatility since its inception, combining data from bull and bear market phases to evaluate the potential returns for investors purchasing 10 DOGE coins. It addresses the critical question “Should I buy Dogecoin now?” to help both newcomers and long-term investors identify optimal entry points and growth opportunities.
Bull Market Origins and Early Market Cycles: Historical Price Review (2017 to 2021)
Dogecoin was created on December 8, 2013, based on the Scrypt algorithm. According to CoinMarketCap records, its earliest recorded trading price was approximately $0.000196.
The following represents Dogecoin’s price changes during the initial bull market phase:
2017
2018
2019
2020
2021
An investor who purchased 10 DOGE coins during the early bull market phase in 2017 would see a potential gain of 1.05 if sold today.
Bear Market Adjustments and Mid-Term Market Cycles: Returns and Risk Analysis (2022 to 2023)
During this period, Dogecoin experienced significant price corrections following the peak reached in 2021, reflecting broader market headwinds in the cryptocurrency sector.
The following shows potential returns for investors purchasing 10 DOGE coins during the bear market or consolidation phase:
Recent Market Cycles: Should I Buy Dogecoin Now? (2024 to 2026)
In recent years, Dogecoin has experienced renewed volatility, with significant price movements prompting market debate about whether a new bull market has emerged or if the asset remains in a corrective phase.
2024
2025
2026
Potential returns for investors purchasing 10 DOGE coins during this recent period are as follows:
Summary: Bull Markets, Bear Markets and Investment Timing Analysis
Through analysis of Dogecoin’s historical prices and potential returns, we observe a volatile pattern characterized by dramatic gains in certain years followed by substantial corrections. The data demonstrates that while early investors in 2017 experienced exponential returns, recent entrants have faced challenging market conditions. Current price levels remain significantly above historical lows but considerably below the 2021 peak, suggesting investors should carefully evaluate their risk tolerance and investment horizon before making allocation decisions.