Despite the ongoing Dogecoin price crash, several market commentators are confident that the meme coin could reach lofty targets in the future.

Notably, Dogecoin has witnessed massive price declines since reaching the three-year peak of $0.4843 in December 2024.

After a rocky start to 2024, meme coin Dogecoin (CRYPTO: DOGE) has seen better days. Notably, the meme coin has seen massive price declines since claiming the three-year high of $0.4843 in December 2024.

The meme coin has only seen corrections this year, decreasing 45.30% year-to-date and 64% from the December 2034 peak.

Lofty Dogecoin Targets

Despite the bearish performance, some analysts believe a much-needed rebound could lead to ambitious price targets for Dogecoin. The Crypto Basic has reported a few of these projections, calling attention to market analyst Chandler’s prediction of a potential $1 price for Dogecoin last month. In January, another analyst, Trader Tardigrade, argued that a $1 Dogecoin price is reasonable.

Besides the $1 target, others have predicted Dogecoin price could reach higher regions like $5. Late last month, market watcher CryptoELITES predicted DOGE to claim $5 amid a bullish cup-and-handle structure. Also, Ali Martinez noted last month that as long as DOGE held above the $0.19 level, a run to $10 was possible.

So far, the meme coin has dropped below this support, as of trades for $0.17, introducing a new wave of bearish sentiment. Nonetheless, if it recovers and maintains the $0.19 support, bullish prospects could be rekindled. Despite this, the timelines for reaching any of these targets remain uncertain.

Timelines For Dogecoin Price To Hit $1, $5 And $10

As a result, The Crypto Basic sought opinions from leading AI chatbot ChatGPT, which considered past trends and market dynamics for its response.

According to ChatGPT, the $1 price target is the most realistic for Dogecoin. For context, Dogecoin price would need to rally by only 488% to reach $1. ChatGPT expects this price to materialize between 2025 and 2027 if the bull run resumes with a surge in meme coin hype or Dogecoin adoption.

Meanwhile, for the $5 target, which demands a more substantial 2,841% increase from current levels, ChatGPT presents a much higher timeframe. It believes this target is achievable between 2029 and 2035, essentially within 5 to 10 years. ChatGPT cited institutional interest, massive utility, and mass adoption as possible catalysts.

Turning to the $10 goal, the AI chatbot called it a “long shot” except Dogecoin sees upgrades that could position it as a global payment system. Notably, Dogecoin price will need to rise 5,782% to hit $10. ChatGPT predicts this might take at least 10 years, predicting a timeline of 2035 and beyond.

Interestingly, analysts at Changelly share similar sentiments with a few variations. Their Dogecoin price prediction table shows that they expect the meme coin to claim $1 by 2030, in the next five years. This is less optimistic than ChatGPT’s 2025 to 2027 timeline.

Further, Changelly analysts believe DOGE would claim the $5 mark by June 2034, aligning with ChatGPT’s prediction. However, for the $10 target, the analysts failed to provide a particular year, expecting it to occur between 2034 and 2040.