Dogecoin is one of the trending cryptocurrencies, which is grabbing a critical spot in the crypto space. Currently, Dogecoin (DOGE) is trading at $0.0025 with DOGE price 10.27% down today. The market cap of Dogecoin is USD 290,164,889 with 115,627,767,133 DOGE circulating currently. The 24-hour price movement chart indicates that $5,271,671worth of DOGE were trading. The price peaked at $0.0028 in the last 24 hours while the lowest price was $0.0025.
Dogecoin is a peer to peer, decentralized and digital currency that allows you to send money online easily. Dogecoin was initiated as a joke, but who knew it would become so significant in the crypto world. The Doge cryptocurrency is even used by retailers to accept payments. Its logo is a dog, that’s their friendly mascot which also makes them so much more likable among the social media crowd. It is a Shiba Inu, a Japanese breed of dog that shot to fame as an internet meme and represents the Doge crypto.
The fact that Dogecoin was launched in 2013 and is still around in 2018 shouldn’t be sneezed at. That’s a long time in the world of cryptocurrencies and helps DOGE achieve legitimacy and credibility that other coins don’t have. It is one of the top 40 cryptocurrencies by market capitalization.
With the market being volatile, predicting the cryptocurrency price is really one of the most difficult tasks.
Let’s consider DOGE price prediction from distinct sources, which will give us a fairer idea:
Zakaria M, one of the eminent Steemit blogger claims that a single Dogecoin would be worth $1 in 5 years time frame.He/she further added that with all other fiat currencies moving in and out of Doge, $1 or even $10 a Doge is reasonable in five years.”
Alisa Gus, the CEO of the blockchain-based company WishKnish was recently featured in an article for Finder.com, where she (along with a panel of crypto experts) made price predictions for several popular altcoins –including Dogecoin. She predicted optimistically that a single dogecoin would be worth $0.010 by December 2018.
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 claims that the token could be worth as much as $0.00868 in five years time.
In the coming month or two, Dogecoin is likely to move up by more than half a cent. After Bitcoin started off with the bullish trend, it affected Dogecoin in a positive way, where it rose to 20 percent overnight a week or two back. It has been predicted to reach $0.0090- $0.01by the last quarter of the year.
Dogecoin is being predicted to take on a smooth ride in the coming years, where 2018-19 will be fluctuating and from the middle of 2019, it is going to go on a meteoric rise. It jumped upwards from being the top 50 to top 40 within a less span of time. Even the traders are optimistic about this token.
Dogecoin is predicted to reach around $0.01 by the end of 2018. In 2018, January started with a good note where it reached $0.01 and even 0.02 on 14th of January. It crosses the market cap of 1 billion USD in that period. Then it started falling again below the $0.01 mark. Most of the coins which are valued at less than a dollar are predicted to double by the end of 2018.
2019 might be the year where it will again see the cent sunlight and might reach $0.0147 by the middle of 2019. The lowest expected price in 2019 will be $0.0122, whereas the maximum will be in between $0.00936 and $0.01.
To be very optimistic, Dogecoin might increase to $0.0186 in late 2019. What also makes Dogecoin attractive is that it takes lesser time than Bitcoin for processing of the blocks and as a result the transactions are fast.
Dogecoin will hover around the $0.02 mark, where the maximum expected price will be $0.0284 and the minimum expected price will be $0.0214.
It is likely to reach the $0.03 mark by the end of this year, as this is the year of the cryptocurrencies. Dogecoin is likely to pick up from late 2018 as people are realizing it’s worth and they are getting over it being a mere crypto joke.
In a 5-year time frame, Dogecoin is likely to reach $0.04 mark. It might reach $0.05 also if it doesn’t come across any turbulence. Dogecoin price prediction suggests that the Dogecoin price is up for a long-term 1351.238262% in the DOGE price value with a 5-year investment. This means that in 2023, the Dogecoin price is forecasted to stand at $ 0.044. The lowest expected price in 2023 will be $0.281, and the highest expected price will be $0.0450. You can convert DOGE to BTC from CoinSwitch at best rates.
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2019-01-11 10:07:30.255676 | 2 min
2018-11-21 08:49:47.000001 | 2 min