Dogecoin is the digital currency based on the famous “Doge” Internet meme and highlights a Shiba Inu on its logo. DOGE is a Litecoin branch and has almost 100 billion coins in circulation. Billy Markus made the Dogecoin from Portland, Oregon and Jackson Palmer from Sydney, Australia. The main intention of making the Dogecoin is to build a fun cryptocurrency that will attract beyond the core Bitcoin audience. The first interpretation of Dogecoin that comes to mind is that it is a joke crypto motivated by the “doge” meme, but the interesting point is that Dogecoin managed to build a sustainable and friendly community, got a capitalization of more than one billion dollars and still exist as one of the most significant currencies on the cryptomarket.
Dogecoin Price Prediction
Even when the whole crypto community has been through hard times, Dogecoin is seen spared from crypto crashes. The coin always emerges from market slumps stronger, due to the lack of improved supply, it becomes hard for the coin valuation to diminish. The DOGE community does not work alone but has reached out to expand the sped-ability of DOGE and in turn, maintains their growing economy. Analysts have foretold that the cost of the digital currency will grow to $0.01 by the end of this year. They also forecasted that the price of Dogecoin might hit the $0.015 mark by the close of 2019. Based on the review of the present rate of the digital currency, they have also prophesied that by 2020, the value of DOGE could grow to $0.23.
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Is It Profitable To Invest In DOGE?
DOGE can be a profitable investment option. Dogecoin price equal to 0.00377 USD at 2018-10-31. If you buy Dogecoin for 100 dollars today, you will get a total of 26531.44 DOGE. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-10-30 is 0.0136 US Dollars. With a 5-year investment, the revenue is expected to be around +256.52%. Your current $100 investment may be up to $356.52 in 2022. Dogecoin (DOGE) price today is $0.00377 and have the current supply of 116,779,201,214 DOGE. The market cap value is $447,801,543, and the volume is marked as $10,857,062.
DOGE – Is It Worth Holding In Q4?
Dogecoin is one of the best performing coins for sending value over the internet, and it is used broadly for this function. That’s because it continually ranks among the top 5 currencies regarding daily crypto transactions. This means that fundamentally, it is doing what it is supposed to do, and that’s a good source of value. Besides, given that its transaction volumes are rising consistently, the chances are that its value in the market will continue to increase too, not just in Q4, but going into 2019 as well.
Dogecoin can help to solve Ethereum scaling problems
Dogecoin which was considered to joke crypto is now coming to the rescue of Ethereum. It is a known reality that Ethereum is suffering a lot of scaling issues. Dogecoin is helping the Ethereum network test several scaling methods. The main intention of the organization is to guarantee that the participants who are attending the computational work are compensated appropriately. The affirmation is currently going on as per schedule.
Future Predictions for DOGE
Looking at the current roadmap of the crypto, it won’t be shocking if Dogecoin continues to grow in value, all through the year, and outperform all other cryptos including Bitcoin (BTC). This digital currency has the potential and could be the future.
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