Dogecoin Price Prediction: $0.10 as the Ceiling, and What to Watch at a 2.5 Percent ETP Fee

Anyone wanting to buy Dogecoin today has two routes in Germany, and they cost very different amounts. One route is the exchange-traded security, an ETP on Xetra that eats 2.50 percent a year in fees. The other is buying the coin directly through a trading platform, where a fee arises once and nothing after that. On top of this comes the point that moves the most money in Germany: after a holding period of one year, the gain from a direct purchase is tax free. Whether the same applies to the ETP hangs on a single clause in the prospectus. This piece works both routes through, places the price situation and names the dates that fall in October.

Dogecoin Price on October 3: $0.0927 and 87 Percent Below the Record

Dogecoin trades at $0.0927 on Saturday morning, around €0.0823 converted. Within 24 hours that is 4.3 percent less. Market capitalisation stands at $14.5 billion, a single day's trading turnover at $877 million. The figures come from CoinGecko.

For context: the all-time high stands at $0.7316 and dates from May 7, 2021. From today's price that is a factor of 7.9. Put differently, Dogecoin stands 87.3 percent below its re...