Dogecoin Price Forecast: DOGE set to grow by 2920%

DOGE Price Prediction 2018: Dogecoin 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.

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Dogecoin is the decentralized, peer-to-peer digital coin which allows you to send money online quickly. It is the fun and friendly online currency. Billy Markus first formed developed Dogecoin in Portland. By the time of June 2017, the coin earned the market capitalization of $340 million. The coin was named after the popular “doge” meme of Shiba Inu. 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. Our predictors have analyzed the costs of DOGE and have declared that there will be an improvement in the value of Dogecoin by the end of this year and may worth approximately $0.01 which is an 87.01% increase.

Dogecoin Price Prediction 2018

DOGE can be a profitable investment option. Dogecoin price equal to 0.00318 USD at 2018-07-31. If you buy Dogecoin for 100 dollars today, you will get a total of 31466.37 DOGE. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-07-28 is 0.00891 US Dollars. With a 5-year investment, the revenue is supposed to be around +180.3%. Your current $100 investment may be up to $280.3 in 2023. Dogecoin price today is $0.00318 and have the market cap value $347,588,407. The current supply is 115,502,968,754 DOGE, and the volume sits at $15,604,431.

Conclusion

Dogecoin is ranked 36 by market capitalization and stands at number 30 amongst the best-rated tokens in the market by value. Currently, Dogecoin is trading at $0.00891. The coin has shown the great potential to breakout through the $1.5 mark within the end of this year which is a 2920% growth, and this could be a sustainable position given how the value has increased traction since the launch of its mainnet in April this year. If the development of the coin continues we can see much better values for DOGE in the future.

Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give the information of the coin with careful analysis. Please conduct your thorough study before funding in any crypto.

Dogecoin Price Forecast: DOGE set to grow by 2920%
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