Not bad for a meme or a joke. Other adopters include Latvian airline airBaltic, electronics retailer Newegg, and luxury resort group the Kessler Collection. Broadly echoing Markus, he said buyers and sellers will determine its value: "Markets reflect value, so if someone is willing to buy a dogecoin for $1, then that is what it is worth in exchange. ", The professor conceded that it was not impossible, however. Every $1 increase in the Dogecoin price would necessitate an additional $180 billion in 2030. The most crucial part of the game. That contrasted with bitcoins 90 percent and ethers 240 percent. Dogecoin (DOGE) Price $0.089 Market Cap $12.29 B Continue Reading From The Original Source So it arguably isnt in the same league as Bitcoin, and is, in turn (according to some) not a wise long-term investment. For each dollar increase in Dogecoin price, the market cap would need to rise $180 billion. This is just how markets work. The meme coin is . ", The creator continued: "If the world collectively decides they are willing to purchase it for a dollar, then it's worth a dollar. As we've seen, this can push the token to new heights, but it can also quickly reverse whenspeculators lose interest. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The problem is, every time the price goes up,it seems to drop down again soon after. Dogecoin still battling for 10th position with stellar, Uniswap and Chainlink, as of writing it currently holding 8th position with 1.07 Billion totals worth. And ETH is the runner up at 240-ish Billion. The altcoin also got a boost from more businesses accepting it as a payment option. The Companys registered office is at Bahamas Financial Centre, 3rd Floor, Shirley and Charlotte Street, P.O. Even Morgan Stanley and Goldman Sachs will reportedly soon offer clients the opportunity to invest in Bitcoin and other cryptocurrencies. The price of meme cryptocurrency Dogecoin may continue to rise and could eventually hit $1, its creator and co-founder Billy Markus has said. According to Cryptwerk, an online directory that provides information about where cryptocurrency is accepted, only 1,900 merchantsworldwide accept payment inDogecoin. The site's technical analysis was bearish, with 17indicators making downbeatsignals and 13 making bullish ones. This gave the coin a market cap of around $11.5bn, making it the 10th largest crypto by that metric, according to CoinMarketCap. The meme-based cryptocurrency became valued at $69 billion, which made it . Most Dogecoin predictions are bearish. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com. Currently, there are more than 129 billion Dogecoins in circulation, and each minute 10,000 DOGE are added into the network. In this photo illustration of visual representations of digital cryptocurrencies, Dogecoin and Bitcoin, are displayed on January 29, 2021 in Katwijk, Netherlands. We could then see the Dogecoin price reach $0.6 by the end of 2023. One of the reasons Dogecoin and other cryptos have suffered in recent months is the instability of the market in general. Could the price of one dogecoin ever reach $1? Our forecasting model sees Dogecoin reaching $0 in 2030. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. According to our long-term forecasts, Dogecoin will reach $0.12 by the end of 2023 and $0.21 by the end of 2025. Markus added: "At this moment , many people will trade you a dime and two pennies for it, and you can directly buy from any number of merchants who integrate BitPay or Crypto.com payment platformscompanies like [computer and electronics online retailer] Newegg, [NBA team] Dallas Mavericks, etc. But that might not happen very soon, especially not if the crypto winter persists. ErgMaN_2point0 2 yr. ago. After being thrust into the spotlight earlier this year by South African billionaire Elon Musk, Dogecoin has gone from strength to strength. ", Join half a million readers enjoying Newsweek's free newsletters. Long-time DOGE holders who adopted the token in its infancy have already enjoyed spectacular gains this year and have broken the 0.36 ($0.50) barrier on Tuesday. On Monday, April 19, Dogecoins market capitalization (equated by multiplying a coins current price by its circulating supply) hit $50 billion for the first time, with the coin itself hitting an all-time high of $0.45 made possible by surges of roughly 500 percent from the previous week and roughly 5,000 percent since the start of the year. Lots of top expert and crypto analyst from reddit, YouTube and blogger posting about projection of Dogecoin and in that $1 USD is most common figure. So, for $100 per Dogecoin, the total . A look at the 4-hour chart of Dogecoin (DOGE) reveals that the price formed a bearish chart . At this point, it is difficult to predict whether Dogecoin culd ever reach $100 by 2030. It was worth $0.003 in December 2020 and commanded a market capitalization of roughly $370 million. Such a transition could further increase Dogecoins appeal, especially among eco-friendly crypto participants. In the world of cryptocurrency valuations, I would say, historically the question is less about 'why?' But this has not stopped the speculation among many investors that Dogecoin will moon. Now, there are also voices of more measured experts who indicate that over the decade, the. The chances of DOGE hitting $1 in 2023 seem high according to Coincodexs DOGE prediction, the meme coin could be worth as much as $1.21 in May 2023. Recent weeks and months have not been great for cryptocurrencies in general, with many having lost significant value since 2022 began. Serum price being one of the prime competitor to Shiba Inu. More info. But the event revealed a fast-growing community around a cryptocurrency that started as a joke. Since then, however, and excluding the odd increase, the value of Dogecoin has only gone in the wrong direction. The majority of retail investor accounts lose money when trading CFDs. In order to reach $1, Dogecoin would need to increase in value more than tenfold, given its current price of $0.09. We also believe that Dogecoin's market cap would ever reach $1 trillion. This was written in November 2020 and you predicted .04 by 2025. The coin rebounded to $0.1716 on 7 February, but was unable to hold at that level. Even during the height of meme-stock mania at the beginning of 2021, it still was a long way off. Dogecoin is an inflationary asset, so there is no cap on how many can be made. DOGE returned to the headlines in September 2022 as an amended lawsuit against Tesla (TSLA) CEO Elon Musk filed in a New York court added seven new investors as plaintiffs, as well as six new defendants, accusing them of racketeering. Could Dogecoin Help You Become a Millionaire? This is reflected in our 2023 predictions. While it is generally agreed that Dogecoin can reach $1, the bone of contention is when this would happen. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. 583. Dogecoin price reached an all-time high of $0.45 in April 2021. 2 Joe Cartel It lacks hard scarcity. At this rate, explains Reddit user EthereumDream, miners add more than 5 billion coins per year. The one-dollar mark has long been the aim of some members of the Dogecoin community on Reddit, and is becoming a real possibility as this week the price shot up from around $0.13 Thursday. End of 2024 - Dogecoin's surge to $0.60 should make numerous investors FOMO and eager to get into the market before the coin . The altcoin has caught the attention of many investors after its market value recently soared past $50 billion, making it bigger than automaker Ford Motor and almost equal to Jack Dorsey-led Twitter (TWTR). Dogecoin continued its trade at $0.002 during the start of January. Now, with dogecoin trading around 17 cents, he continues to buy the dip. DigitalCoinPricemade a dogecoin cryptoprice prediction that gave an average of$0.17 in 2023,$0.21 in 2024and $0.30in 2025, based on historical data. Therefore, we believe Shiba Inu's 50 Cents is an impractical . For comparison's sake, there are more than 200millioncompaniesworldwide, according todata from Statista. As the project took on a life of its own, building up a large community, Markus and Palmer left the project and there was no development on the protocol. Launched in 2013, there are now 100 billion Dogecoin in. In this guide, we will voice our own and markets opinion on DOGE future while discussing Dogecoin price forecast for 2023 and beyond.Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Dogecoin.Now, lets head into it. It fell further to $0.1607 on 20 July, when cryptocurrency markets found a bottom. have already done so. There is a possibility for the price of Dogecoin to reach $1 if the previous market performance is anything to judge by. CoinPriceForecast was far less bullish in its DOGE coin price prediction. The usually conservative Walletinvestor predicts $0.37 price for DOGE in 2022 and $0.55 in 2025. But in terms of utility, SHIB, built on Ethereum, has better utility than the Scrypt language-based Dogecoin. You can unsubscribe at any time. Oddly enough, these include high-profile celebrities like Mr Musk and TV chef Guy Fieri. Im not the only one, right?". While it's fair to say that anything is possible in the cryptocurrency world, the likelihood of Dogecoin reaching $1 is pretty slim in my opinion. | BTC Price Analysis, Laxmi Coin Price, Launch Date, ICO, How to Buy Laxmi Cryptocurrency, Pi Network Price Prediction 2023, 2025, 2030, 2040, 2050, Bittorrent (BTT) Coin Price Prediction 2023, 2024, 2025, 2030, 2050, Cardano (Ada) Price Prediction 2023, 2025, 2030, 2040, 2050, Bitcoin SV (BSV) Price Prediction 2023, 2024, 2025, 2030, 2050, Maker (MKR) Price Prediction 2023, 2025, 2030, 2040, 2050. Potts said it was "unlikely" dogecoin would ever be a stable token but added it could become a "niche currency" for certain purposes, such as monetizing "likes" on social media. That would mean the market cap would be something along the lines of 1.2 Trillion. This includes sponsoring the Jamaican Bobsled team to the Olympics, building new wells in Kenya, and sponsoring a car at NASCAR. Making the world smarter, happier, and richer. Show this thread. Coindesk data at 7.11am BST shows DOGE is exchanging hands for 0.498515 ($0.693527) per token. In short, Dogecoin will never beat Bitcoin. People may receive compensation for some links to products and services on this website. !To the MOoooooooooon. Only a handful of exchanges and brokers support the altcoin now. No, Dogecoin will not replace or overtake BTC. The altcoin also got a boost from more. You were way off on that one. A Psychology graduate from England who now lives in the US, John previously worked in the aviation industry as an airline reviewer. It is worth buying only as a short-term speculation with a good exit strategy. Apple's revenue in the fiscal year 2022 totaled $394.3 billion globally. The big break for Dogecoin came in 2021 when its price increased by roughly 3,000% over the course of the year. Dogecoin (CRYPTO: DOGE) will not find it easy to reach the $1 mark, even as the joke cryptocurrency attracts a celebrity fan following extending from Tesla Inc (NASDAQ: TSLA) CEO Elon Musk to. Offers may be subject to change without notice. Once stability does return, it is possible that cryptocurrencies, including Dogecoin, begin to increase in value again, and possibly to an even higher levelthan what wasseen last year. Before you even consider buying Dogecoin, you should consider the risks of investing in cryptocurrencies. Dogecoin, a cryptocurrency that takes its name and logo from a Shiba Inu meme that was popular several years ago, doesn't have a cap. The Dogecoin Foundation was launched in 2014 to provide a governance and support framework for the projects community development. How high can Dogecoin price go? The cryptocurrency tapped into the popular Doge meme featuring a shiba inu dog, using the dog as its logo. We update our DOGE to USD price in real-time. CaptainAltcoin.com 2022 - All Rights Reserved Une augmentation de 20% dans les prochaines semaines parat trs probable. Our forecasting model sees Dogecoin reaching $0 in 2040. The site's dogecoin price prediction for 2030 said the price could reach $0.88 that year. The @dallasmavs have done more than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE WORLD ! Yes, Dogecoin will reach $1 by the end of 2021: 68.3%. Let's examine why. Can Dogecoin, valued at more than $19 billion and now the world's 12th-most valuable cryptocurrency (as of Jan. 10), eventually hit $1 per token? The DOGE price was only 0.070 US dollars at the turn of the year 2022 / 2023. With 22 bullish signals and 7 bearish ones, the algorithm predicts a replay of last years May rally. Markus, who founded Dogecoin with fellow software engineer Jackson Palmer in 2013, told Newsweek via email this week that the market ultimately decides the price. Bitcoins supply is limited to 21 million coins, there being around 18.69 million currently in circulation. If You Invested $10,000 in Dogecoin in 2020, This Is How Much You Would Have Today, Beyond Dogecoin and Shiba Inu -- These 3 Cryptos Are Better Buys, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? Musk referred to dogecoin as a hustle, despite having talked it up in previous weeks. However, a major one is a seemingly ever-increasing positive cryptocurrency industry sentiment and, in turn, increasing prices of the coins themselves. The dogecoin price took off in 2021 as cryptocurrency markets rallied, gaining popularity on social media and prompting the launch of other shiba inu dog-themed coins. The 0.72 ($1) target seems much more realistic at this stage, although the last attempt to push DOGE up on "Dogeday" (April 20), ended with the token plunging in value. Thanks to elon musk for bringing Dogecoin back in top picture and we could see huge demand in future. In other words, it would most likely take too much money to push DOGE to such heights. Speculation. While the potential is there for a major price rally, others say that it is still unlikely that dogecoinwhich was initially launched as a parody of digital currencies using a Shiba Inu dog meme as the face of the brandcan technically reach $1. We may receive a commission, at no extra cost to you, if you click through our links and make a purchase from one of our partners. Robinhood gets another $100, and his tax rate is the same as Cole's so he keeps $11,340, while Uncle. Popular brands followed suit and jumped on the #DogeDay420 bandwagon with Dogecoin-related tweets. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy. In January, Reddit-based retail investorsthose who use their personal money to buy sharespoured funds into "meme stocks" such as GameStop (GME), and AMC in an attempt to disrupt U.S. hedge funds and corporate short sellers. And Venmo's foray into the space puts the company among a growing suite of large institutions that have more recently begun accepting or at least recognizing the value of digital currencies. It is unreasonable to expect a long-term Dogecoin survival if that is the only hinge for the project. in recent tweet popular rapper snoop dogg also joined party after tweeted picture of doge and tagging Elon musk on twitter. Why Dogecoin, Sandbox, and Terra Luna Classic Plunged Today, I Don't See These 3 Cryptocurrencies Rebounding Anytime Soon. The initial target is to lift the price to $1, as hitting that milestone will make more people to start taking the so-called joke currency more seriously. At the time of writing, a single dogecoin was worth $0.25, up more than 80 percent in the past 24 hours according to CoinMarkCap data. Last week, in a significant move for the industry, crypto trading platform and exchange Coinbase fetched an $85 billion valuation in its stock market debut. BingX Review Is BingX.com Copy Trading Any Good? Can Dogecoin reach $100? Before we delve deep into the Dogecoin price prediction and answer questions if DOGE is a good investment or not, why will DOGE succeed or fail or why will Dogecoin price rise or drop, lets quickly throw a glance at what is DOGE and its to date history. Dogecoin's 10,000 Rule Currently, miners earn 10,000 DOGE per block, which happens about once per minute. At the same time, with the nature of cryptos being as unpredictable as they are, the possibility of Doge reaching its $1 moon, and even eclipsing it, remains astrong possibility as well. Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven. From its current price of just under $0.15, Dogecoin would need to rise more than sixfold to reach the $1 mark. founded Dogecoin with fellow software engineer Jackson Palmer, Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. No. The majority of projects will fail some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market. There were even some reports the value was closer to $0.19, as I explained for the Deseret News. That has crypto investors wondering if the. The dogecoin news in the wake of Musks takeover of Twitter was initially positive, withthe price rallying to a high of$0.1572 on 1 November before the collapse of the FTX exchange saw it trade at about$0.07665 on 21 November. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Geopolitical tensions, concerns over inflation, shortages, and other factors have all contributed to a situation where investments of all kinds have been impacted. There are currently about 130billionDogecointokens in circulation today, with 10,000 new ones minedevery minute. Une pice de mme n'est jamais facile prvoir. Depends on the definition of the moon. You can buy and trade Dogecoin on many exchanges including the leading platforms like Cex.io, Coinbase and Binance. But there are some: one advocate and enthusiast is entrepreneur and investor Mark Cuban, who announced in March that his team, the Dallas Mavericks, would begin to accept the coin as a form of payment. Not that I understand but what I do know is this its ethereum based which is seemingly working. One thing should be said here, that over the past few months, these incredible price increases have indeed provided opportunities to make money in the short term. The coin traded in a $0.06-$0.07 range until a brief rally in meme stocks and coins driven by retail investors on social media brought the price up to $0.08864 on 16 August. The dogecoin community believes the altcoin is worth much more than the market currently values it. If Dogecoin were to reach this market cap - the price can be calculated through dividing the market cap (2 trillion) by the supply (128 billion). as following that and our prediction we could see Doge crossing $1 USD probably after mid 2021 or in the beginning of 2022. But institutional investor in DOGE is comparatively minimal and that is one factor holding it back. In spite of the celebrity endorsements, Dogecoin is not the only meme coin circulating these days. There's a high probability that Dogecoin will reach $1 per coin. At its height in May of last year, Dogecoin hit $0.64 USD, a price that was much closer to its $1 target price. 2020. Dogecoin was created solely as a joke between two developers who never met in person. If it's worth 127 billion, adding $5 billion will increase the value so of 127 billion is (For example) making doge worth $200 then raising the cap increases the value due to the amount of Fiat that goes into it. Since February 2021 on twitter, we have been seeing #doge #dogetothemoon this hashtag continues to making in the list of trending. As we know Elon Musk is following Bitcoin and he loves the technology of Blockchain and wanted to start crypto as payment. In this video, I discuss what needs to take place in order for Dogecoin to reach new heights and maintain them as well. The sites dogecoin price prediction for 2030 said the price could reach $0.88that year. The answer lies in its astonishing returns. However, it is still one of the largest cryptos out there, and Elon Musks takeover of Twitter hadpeople talking about #dogecointothemoon once again before a market crash saw it fall. At the time of writing,DigitalCoinPriceforecasted that DOGE could reach $1.25 by 2031, but the majority of sitesdid not see it reaching past the dollar. First, the coin does not (as of now) have many real-world applications. Despite the post-FTX bakruptcyfall, though, DOGE was still worth more than it wastwo months earlier. Yes, Dogecoin is a PoW coin that can be mined with the so called merged-mining techniques. If we are honest, Dogecoin had its zenit and it is all downhill from now on. Let's take a closer look. If you've ever wondered 'is Dogecoin a good investment?' or 'why is Dogecoin going up?' read on, we've got answers. For DOGE to hit $10, it would need to rise nearly 3,800 percent. 24 MAR, 11AM UTC. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. Box N-4865, Nassau, Bahamas. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. However, the impressive price performance was not enough to make it worth $1. Dogecoin Price Prediction 2025 and 2030 The long term forecast for DOGE shows that the price will reach long term price stability with a profitable investment opportunity. But can the moment last? Dogecoin rose by 36% in value compared to where it was on Monday, May 3, which contributed to a 95% rise over the entire week, Forbes reports.. For many in the more traditional financial space, it may be difficult to comprehend the rise of Dogecoin. Dogecoinskyrocketed almost 12,000% from the start of 2021 up until the beginning of May, when it hit an all-time high of $0.74. Elon Musk's support was integral to Dogecoin's rise to popularity, and his influence within the community has not diminished. A roadmap and governance for the future of Dogecoin. CoinCodex is a cryptocurrency data website that tracks 23389 cryptocurrencies trading on 420 exchanges and provides live crypto prices. The good news is that this figure is certainly not out of the realms of. On April 20, Mike Novogratz, founder, and CEO of crypto-focused investment firm Galaxy Digital went on CNBCs Squawk Box, explained how Bitcoin is a well-thought-out, well-distributed store of value thats lasted for 12 years and is growing in adoption. Another factor that Novogratz believes will positively impact Bitcoin's price and usage is that tens of billions of dollars'' of capital expenditures and operating expenses are put into the Bitcoin ecosystem every year. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. . It has a huge community and it has huge support from Tesla CEO Elon Musk. Even though Dogecoin remains a popular coin in general, it is likely that the increased level of competition could complicate matters for Doge, potentially slowing down its growth and value. The whole crypto world is on a verge of a complete breakdown. For comparison, at the start of April, DOGE was trading for 0.036 ($0.05). Will Dogecoin reach $1? Since its creation in December 2013, it has risen 42,000% in eight years, so significant price appreciation wouldn't be unprecedented. Lets Get @amazon To Accept #DOGE https://t.co/llxEFwUdOQ. These investments simply arent there for Dogecoin. Given that it has not reached $1 in almost ten years, many might question how long it would take. We can confidently say that Dogecoin's price would never rise more than $10/Doge. All of this summed up prevents Dogecoin to succeed and rise in price for the long-term. DOGE holders believe the token featuring a smiling Shiba Inu dog can be pushed up to the 0.72 ($1) mark this year. The recent price action in Dogecoin left the tokens market capitalization at $11,249,040,750.29. Dogecoin isn't capped at a certain amount of coins like Bitcoin's famous 21 million supply. Saturday, 4th March 2023See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive. It seems unlikely that. So will Dogecoin reach $1? This is a joke coin never meant to stay alive this long, nor to reach these market caps and market exposure. The $1 target first became relevant in the Dogecoin community when the largest meme coin by market capitalization hit an all-time high of $0.73, in May 2021, nearly two years ago. There are many DOGE skeptics out there, including Mike Novogratz. Will Dogecoin hit 50 dollars? This feature has led some in the crypto space to dub Bitcoin as digital gold.. The price of DOGE in 5 years could lie around $ 0, according to CaptainAltcoins prediction model. Dogecoin was one of the meme coins which really broke new ground in 2021. Dogecoin would lose its appeal in that scenario. You can find John on Twitter @J_Finns or email at john [at] screenrant [dot] com. I also break down how its possible fo. According to the latest Coindesk data at 7.11am BST on Wednesday, DOGE's returns are up more than 13,000 percent on last year's price. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Dogecoin will then rise to $0.57 in 2028, and $1.45 in 2030. #Doge4Amazon Petition. Bitcoin is approaching a $1-trillion market cap, is increasingly becoming a tool todiversify institutional portfolios, andhas a growing set of infrastructure andfinancial products supporting it. Doge May Reach $1 Towards the End of 2021. 306. It is important to remember that price forecasts, especially for something as potentially volatile as cryptocurrency, very often turn out to be wrong. George Retweeted. DOGE was trading down around $0.30 by the end of May 2021, defying the most bullish dogecoin prediction for the price to exceed $1. Dogecoin reaching $1 is a distinct possibility. The difference between trading assets and CFDs. The DOGE price can be highly volatile, even in the context of cryptocurrency markets, as social media communities often drive large spikes in its value and subsequent crashes that generate mainstream media coverage. Putting aside this aforementioned focus on the cryptocurrency and its hype value, lets look at Dogecoin through a more traditional lens. The Dogecoin supply is unlimited, and currently, around 130 billion DOGE tokens are in circulation. As such, analysts and algorithm-based forecasters can and do get their predictions wrong. According to the technical analysis of Dogecoin prices expected in 2023, the minimum cost of Dogecoin will be $0.119988. Wallet Investorhad a rather gloomy DOGE price prediction, suggesting that it could drop to$0.00699by 21February 2024. So it's clear Dogecoin is having a moment. The initial hype surrounding an integration of Dogecoin on Twitter has flattened out in recent months. If Doge was to reach $10, bitcoin would have to be at $1 million per coin (assuming that their value ratio stays the same, very unlikely). No, our prediction model sees no possibility for Dogecoin to reach $100 in the short or mid-term period. Every $1 that the Dogecoin price were to increase would require an additional $180 billion in 2030. But that is not likely to happen any time soon. Best Crypto Signals (Telegram & Discord) Are Crypto Groups Worth It? To reach $100 by 2030, then, there would have to be $18 trillion invested in Dogecoin. Square, and MicroStrategy have also made huge investments in the crypto. I would have been okay with losing the $50.00 (I half expected to), which meant I was pleasantly surprised when I made a small profit. But most importantly, the total supply of Dogecoin makes it possible for the token to reach $1 faster than Shiba Inu or any meme coin, for that matter. The first of the dog-themed meme coins, DOGE was originally launched in 2013 by software engineers Billy Markus and Jackson Palmer, who worked at IBM (IBM) and Adobe (ADBE), respectively, as a satire on the proliferation of alternative coins (known as altcoins) attempting to ride on the success of bitcoin (BTC). $10 per Dogecoin is also likely within this decade. There is no real way of predicting where Dogecoin is headed and analysts fear DOGE's gains this year are fuelled by hype and speculation, rather than genuine value, and that could lead to the bubble bursting.

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