Dogecoin is one of the trending cryptos, which is seizing a crucial spot in the crypto space. Currently, Dogecoin (DOGE) is selling at $0.0023 with DOGE price 0.52% increase today. The market cap of Dogecoin is $279,077,468 with 117,626,141,742 DOGE circulating currently. The 24-hour price movement chart indicates that $16,411,699 worth of DOGE were trading. The price peaked at $0.0028 in the last 24 hours while the lowest price was $0.0019.
What is Dogecoin?
Dogecoin is a decentralized, peer to peer and digital currency that enables you to send money online quickly. Dogecoin was initiated as a joke, but who knew it would become so vital in the crypto world. The Doge crypto is even employed by retailers to receive payments. Its logo is a dog, that’s their friendly mascot which also presents them so much more likable between the social media crowd. It is a Shiba Inu, a Japanese breed of dog that shot to fame as an internet meme and describes the Doge crypto. The point that Dogecoin was started in 2013 and is still round in 2018 shouldn’t be sneezed at. That’s a long time in the world of cryptos and benefits DOGE achieve legitimacy and credibility that other coins don’t have. It is one of the top 40 cryptos by market capitalization.
Market Prediction For Dogecoin
With the market being resilient, predicting the cryptocurrency price is one of the most challenging tasks. Let’s examine DOGE price prediction from separate sources, which will give us a fairer idea:
#1 Zakaria M
Zakaria M, one of the famous Steemit blogger claims that an individual Dogecoin would be worth $1 in 5 years time span.He/she further added that with all other fiat money moving in and out of Doge, $1 or even $10 a Doge is reasonable in five years.”
#2 Alisa Gus
Alisa Gus, the CEO of the blockchain-based business WishKnish was later featured in an article for Finder.com, where she (along with a panel of crypto experts) made value predictions for many popular altcoins –including Dogecoin. She predicted favorably that a single dogecoin would be worth $0.010 by December 2018.
#3 Wallet Investor
The website WalletInvestor.com offers forecasts for just about every altcoin on the market where it claims that in one year, Dogecoin will cost $0.00376. Wall Investor also argues that the token could be worth as much as $0.00868 in five years.
Dogecoin Price Prediction
In the following month or two, Dogecoin is likely to jump up by more than half a cent. After Bitcoin started with the bullish trend, it affected Dogecoin in a positive way, where it grew to 20 percent overnight a week or two back. It has been foretold to reach $0.0090- $0.01by the last part of the year. Dogecoin is being foretold to take on a smooth ride in the future years, where 2018-19 will be shifting and from the middle of 2019, it is going to go on a meteoric growth. It bounced upwards from being the top 50 to top 40 within a less period. Even the traders are confident about this token.
Dogecoin Price Prediction In 5 Years
In a 5-year time frame, Dogecoin is anticipated to reach $0.04 mark. It may reach $0.05 also if it doesn’t come across any turbulence. Dogecoin price prediction implies that the Dogecoin value is up for a long-term 1351.238262% in the DOGE price value with a 5-year investment. This suggests that in 2023, the Dogecoin price is projected to stand at $ 0.044. The lowest assumed price in 2023 will be $0.281, and the highest expected value will be $0.0450.
If you’re in search of crypto in which you can fund in for the longer term, Litecoin might be a good choice for you. You must keep in mind that Dogecoin would also imitate the trend in Bitcoin. Owing to this very purpose, during a bearish period in Bitcoin, Litecoin would also drive in the same way tentatively.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give information about the coin with careful analysis. Please conduct your thorough study before funding in any crypto.