Dogecoin is blockchain-based peer-to-peer crypto. The first explanation of Dogecoin that comes to mind is joke crypto motivated by the “doge” meme, but the striking point is that Dogecoin managed to create a sustainable and friendly neighborhood, got a market capitalization of more than one billion dollars and still survive as one of the most significant currencies on the cryptomarket. The recent changes in the world of cryptos entirely changed the phase of the market. So the investors are demanding the DOGE Analysis. We analyze the value of the crypto and give the possible future costs. These projections are made according to today’s price. It cannot be correct all the time.
Dogecoin Forecast 2018
The DOGE crypto coin was formed the first time in December 2013; its use was restricted to only a few internet geeks. When the Dogecoin has a recent rise in the value, it allows many traders to trade it on various exchanges. Last time, many investors have got attracted to the coin. The DOGE has reached a market cap of $1 billion. Our predictors have stated that DOGE will be experiencing a growth in its value by the deadline of this year and may reach up to $0.01 which is a 137.60% hike.
How high can Dogecoin price go in 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 flashy crypto as the supply only increases up to 5% a year. The team behind the coin never expected the currency 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. Our predictors have analyzed the amounts of DOGE and have stated that DOGE will experience an increase in its value and may reach up to $0.01.
Dogecoin (DOGE): History
Billy Markus and Jackson Palmer established dogecoin. It was launched on 8th December 2013 and by June 2017. It was motivated by the then-popular Shiba Inu “Doge” internet meme. Dogecoin’s market capitalization is $340 million. It has a fast coin generation rate and 100 billion coins. During December 2013, Dogecoin encountered a big hacking attack where millions of Dogecoin were seized. Then the users of the Dogecoin network remunerated for this loss and paid out to those who lost the coins.
Dogecoin Price Today, Tomorrow and This Week
The digital currency is currently trading at $0.002367 after a decrease of 4.31% in the last twenty-four hours. The predictors believe that the amount is going to have a 2.87% change and will drop down to $0.0025. And it is predicted that by the end of this week the value of BAT will again drop down to $0.0025 with a change of 2.64%. These values cannot be taken as it is, the market may fluctuate anytime. But these type of forecasts gives hopes to the investors to continue to fund in this crypto.
Disclaimer: The content provided in the article should not be practiced as it is, and is not meant to provide, investment advice. Coinsmarketcap and its members, representatives, and writers give the information of the coin with careful study. Please conduct your precise survey before investing in any crypto.