Dogecoin is one of the trending cryptocurrencies, which is grabbing a critical spot in the crypto space. Dogecoin is a high value buy for 2020 as predicted by experts. But recently it is going through turmoil as there is a lack of Dogethereum (a bridge between dogecoin and ether chains), the project which has a lot of potentials to grow. Dogecoin aims to become the default crypto for merchant payments in this year itself, which will eventually lead to greater gains. After the live demo of Dogethereum, the adoption rate of DOGE has increased.
Currently, Dogecoin (DOGE) is trading at $0.002775 with DOGE price 1.45% up today. The market cap of Dogecoin is USD 350,154,258, with 126,190,616,964 DOGE circulating currently. The 24-hour price movement chart indicates that $137,360,575 worth of DOGE were trading. The price of the currency rose by 1.45% in the last 24hrs.
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 2020 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 30 cryptocurrencies by market capitalization.
With the market being volatile, predicting the cryptocurrency price is really one of the most difficult tasks.
Let’s consider Dogecoin predictions 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.”
Crypto Ground has predicted for the year and even 5 years down the line. They predicted that by 2020 end, DOGE might reach $0.0032, and in 5 years, it can touch $0.0119.
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. Dogecoin has already been adopted as a means of payment for goods and services by merchants such as eGifter, AllGamer.net and dozens of other online stores.
Even there are speculations of DOGE getting closer to currencies like IOTA and TRON. It jumped upwards from being the top 25 within a less span of time. Even the traders are quite optimistic about this token.
Read more: Top Dogecoin Wallets
Dogecoin might hover around the $0.02 mark, where the maximum expected price might 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 2019 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 gain in the DOGE price value with a 5-year investment. This means that in 2025, the Dogecoin price is forecasted to stand at around $ 0.044. The lowest expected price in 2025 might be $0.281, and the highest expected price might be $0.0450. You can convert DOGE to BTC from CoinSwitch at best rates.
As per the Dogecoin price chart and the Dogecoin price analysis, Dogecoin has greater capability and might outperform other peer cryptocurrencies by 2030. It might even go up the ranking ladder and go ahead with major integrations and partnerships. This might increase the user adoption rate. By 2030, Dogecoin might reach $0.2.
2040 is a long way to go, which is more than two decades to go. By then, Dogecoin might shape itself to be one of the top 5 cryptocurrencies, given its progress is stable. Their community might turn out to be one of the best one amongst its competitors. There is a probability that DOGE might integrate with profitable organizations, which might increase the valuation incredibly. By 2040, Dogecoin might reach $2.
Dogecoin is most likely to go up in 2020 because of its high adoption rate.
413.05 DOGE is equivalent to 1 USD, as Of September 13, 2019.
Currently, Dogecoin is trading at $0.002401 as of September 13, 2019.
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