Dogecoin (DOGE) can be described as crypto that has defied all predictions, even the expectations of its creators. Dogecoin was brought to life in 2013, with the intention of being a fun coin. Following the initial launch, DOGE formed a community of its own, which included buyers, miners, merchants, speculators and much more. DODGE was never meant to be sustainable crypto; moreover, many crypto enthusiasts believed that the coin would cease to exist in a couple of months. Nevertheless, DOGE continued to persist, gaining popularity even after attacks that saw Dogecoin holders lose millions.
Dogecoin Price Predictions 2018
DOGE is currently ranked among the top 50 coins in the crypto space. The coin has always set itself apart from the other digital currency platforms with its unique features. Unlike most cryptos, Dogecoin is not a flashy crypto as the supply only increases up to 5% a year. The team behind the coin never expected the coin to grow and reach a state that it is currently in, they are now trying to keep up this growth rate by implementing more updates into the coin. DOGE developing team is working on making the platform to suit the user-base demands. With the announcement of new protocols, merchants like LazyPyramid are now accepting DOGE as a payment method. DOGE platform continues to attract more exchanges, and the recent listing on Robinhood has aroused a lot of interest from traders, and this has seen the DOGE price traction shift upward which in turn caused hike on the market cap. When the market crashed recently, many giants of the crypto space had revealed thier true volatility. Investors are now flocking toward less popular but profitable cryptos including dogecoin who even maintains a stable price. As of now the price of the coin is $0.00358 which is at a rate of +3.65% from yesterdays price. Investors around the globe are now keenly observing the trends in the future prices of the coin. As far as prices of Dogecoin goes, the value of the coin is expected to remain stable for a long time. Our team of predictors after considered judgment conclude that the price of DOGE is expected to reach $0.01 at the end of the month. The Dogecoin price is forecasted to remain $0.01 at the end of the year. Our predictors assume that by the end of 2019 the coin may worth up to $0.01. By the end of 2020, the supposed price of DOGE would be somewhere around $0.01
Dogecoin Price Analysis 2018
Dogecoin (DOGE) is currently amongst the most popular coins and has been listed in more than 72 exchanges so far, which makes the coin available to more users than mainstream digital assets. Dogecoin (DOGE) befalls to be one of the cryptos that could slowly take over as an everyday currency for transactions. Dogecoin price equal to $0.00354 at 2018-07-23. The coin has a market cap of $412,912,167 when the volume sits at $8,412,950. If you buy Dogecoin for 100 dollars today, you will get a total of 28276.12 DOGE.
Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-07-20 is $0.00879. With a 5-year investment, the revenue is expected to be around +148.45%. Your current $100 investment may be up to $248.45 in 2023. Dogecoin is one of the most undervalued cryptos and no matter what critiques portray about the coin, with the right amount of push the coin would grow and develop in the virtual market.
Disclaimer: This disclaimer informs readers that the views, thoughts, and opinions expressed in this article are not to be considered as investment advice. None of the authors, contributors, administrators or anyone else connected with this website assumes responsibility or liability for any kind of loss or risk that befell. Please collect more information on the cryptocurrency and other related documents before investing.