Article Index
1. Introduction
2. What is Dogecoin (DOGE)?
3. Dogecoin (DOGE) Price Prediction by market
4. Coinnounce’s Dogecoin Price Prediction
- Dogecoin Price Prediction 2020
- Dogecoin Price Prediction 2025
- Dogecoin Price Prediction 2018
5. Frequently Asked Questions (FAQ)
6. Conclusion
Introduction
There are very few people who find their work fun, and this programmer from Portland, Oregon, was one of them. Billy Markus is a programmer and the developer of Dogecoin. In 2013, Billy decided to launch a fun cryptocurrency with a vision of giving it a broader outreach as compared to Bitcoin.
This idea went out, and a member of Adobe System’s marketing department decided to purchase a domain ‘dogecoin.com.’ Later, Markus and Palmer agreed to work together and develop the Dogecoin. The coin was then launched in 2013. This coin was based on an existing cryptocurrency, Luckycoin, which was, in turn, based on Litecoin.
Note: A cryptocurrency that was launched as a joke currency reached the market cap of $60 million in January 2014.
Currently, Dogecoin is trading at $0.00254 with resistance at $0.00258, and support level is present at $0.00243. DOGE is presently trading upwards as the market notices as the growth of 1.40% in the past 24 hours. The cryptocurrency is present at the 28th position in the market, with a market cap of $308,453,327.
What is Dogecoin (DOGE)?
Launched as a joke currency in December 2013, Dogecoin gained popularity because of its name and because of its likeness of the Shibu Inu dog from the famous “Doge” internet meme, which was used as its logo.
The cryptocurrency was quick to grow because of its fast initial coin production schedule. The coin production was more rapid in Dogecoin as compared to other cryptocurrencies. By 2015, 100 billion coins were in the market circulating, and additional 5.256 billion coins were released every year.
The pros of using Dogecoin across the internet:
- used as a tipping system on the internet
- perfect choice for making small transactions
- low transaction fees make it better for daily use
- block time of 60 seconds makes it faster
Dogecoin (DOGE) Price Prediction by market
1. beincrypto
Beincrypto is a price prediction site that provided a bullish prediction for the price of DOGE, stating that the price will reach the price of $0.00297 by 2019.
2. WalletInvestor
WalletInvestor predicted that the price for DOGE might reach the level of $0.00263 by the end of the year, which is close to what the price is right now.
3. Theoofy
Theoofy.com is another website that provided an optimistic bullish prediction that the price for Dogecoin might reach the $0.01470 level by the end of 2019.
4. CryptoGround
CryptoGround predicted that the price for Dogecoin could reach $0.00260 price level, which is another realistic prediction that is possible.
5. Zakaria M
A Steemit blogger, Zakaria M, has given an unrealistic price prediction that the price for Dogecoin will reach $1 in the coming years.
Coinnounce’s Dogecoin Price Prediction
The cryptocurrency market has seen some rough days this year as the prices have been fluctuating to yearly highs and lows. Predicting the accurate price for a cryptocurrency is never possible because of the market’s volatility and change in volumes. Dogecoin has been going bullish for a while now, and it can be predicted that the price would reach $0.00300 by the end of 2019.
Dogecoin Price Prediction 2020
Dogecoin, after a bearish trend, is again gaining pace as the bulls are trying to push the market upwards. The adoption of the coin is increasing, as well.
Preferred as a tipping coin, the cryptocurrency is finally gaining its value in the market, and it is predicted that the price would reach $0.00350-$0.00400 by the end of 2020.
Note: During its initial release, the price jumped by 300% in 72 hours. The value went from $0.00026 to $0.00095.
Dogecoin Price Prediction 2025
With the increase in the awareness of cryptocurrencies and the advancement in technology, it is possible that in the coming years, fiat currencies will be replaced with digital currencies.
Analysts have predicted that by 2025, the price of Dogecoin will reach $0.0080 and further head towards $0.0120 by the end of 2025.
Note: Dogecoin is different from Litecoin because of several parameters. Dogecoins block time is 1 minute as opposed to Litecoin’s 2.5 minutes.
Dogecoin Price Prediction 2018
Dogecoin was one of the fastest-growing cryptocurrencies of all time due to its name and the future potential it had in the market. 2018 was predicted to be the bullish year for the cryptocurrency as it entered the market at an all-time high.
However, the price predictions of $0.0100 failed as the market crashed, and the price went down. By the end of the year, the price had reached down to $0.00219.
Note: Dogecoin is also known for its involvement in fundraising for charities and other notable causes. In 2014, they raised $50,000 for the Jamaican Bobsled Team.
Frequently Asked Questions (FAQ)
1. Will Dogecoin price increase?
The market is facing a bullish pattern, and the price will likely rise due to the high adoption rate.
2. How many Dogecoins are there?
There are 114 billion Dogecoins in circulation, which is the reason behind its less price and its usage as a tipping coin.
3. Is Dogecoin a good investment?
The predictions for the price of Dogecoin are positive, which explains that the price in the coming years can increase, making it a good investment.
Conclusion
Dogecoin has gained popularity in the past few years because of its name and market adoption rate. The relation of the coin to a meme has obtained attraction from many millennials, and this will also help in its future rise as well.
