Although the coin was introduced way back in 2013, it became viral in 2021 and quickly reached a market capitalization of more than $85 billion. You may be interested in the following articles:The Surge of Dogecoin Price and How To Buy ItDogecoin Mining: All About How to Mine DogecoinWill Shiba Inu Reach 1 Cent? Cant think of the negatives. Required fields are marked *. Will Dogecoin Reach $1 or $10? Is This a Good Investment? Join us on our journey to the moon #dogecoin," and shared a GIF of the Shiba Inu on a rocket. Wow 80% down is pretty hefty. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. It is mineable and provides the block reward. That is pretty remarkable, considering Dogecoin declined by : dogecoin From what Ive seen, this seems completely impossible due to many reasons but Id like to hear some other peoples opinions. today they'd be worth 60k. Dogecoin reaching $1 is a distinct possibility. This would be less than 50% higher than the all-time high of about $0.70 per DOGE. The question can Dogecoin reach $100, or $1, or any price for that matter, has to do with two things: DOGEs market cap and its mining dynamics. $10 per Dogecoin is also likely within this decade. Observing DOGE dynamics is our pleasure and we invite you to share it with us by keeping an eye on our blog updates! On December 20, Elon Musk tweeted: One word: Doge, causing an immediate surge in price, which added 25% to the coins value. Disclaimer: Our articles are NOT financial advice, we are not financial advisors. $1, $10, $100 etc. The price of Dogecoin is largely based on hype and network effect, which by nature is an exponential force far $10,000 Early investors made millions during this period and changed their fortunes for the good. The much wow innovative crypto-currency. document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); If you want our team at REACHRIGHT to help you get more visitors, let's get started now! At press time, Dogecoin was trading at $0.08 and was up 0.7% in the 24-hour day trade. Wallet Services Ltd. All rights reserved. Dogecoin, the cryptocurrency based on a meme, is small investors' next target following the boom in GameStop sharesand investors are responding appropriately by sharing memes on Twitter. See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive. Finally, 2019 was closed at $0.002394. Some slump down to $0.30-s was followed by a new surge inspired by a new series of tweets in favor of Dogecoin, written by Elon Musk. But can Dogecoin return to its highs when the market eventually turns positive again? By signing up for this email, you agree to our Terms of use and Privacy policy. The most fascinating part of Dogecoin is that the creators, Jackson Palmer and Billy Markus created the coin, just as a joke. The account is just one among the thousands of other accounts on social media with a large following who blindly follow predictions thrown out of thin air and investors, with no second thought pump in their money because 'hey, its said on social media right?'. Experts say that while it took Amazon 13 years for a 10,000% return to investors, with Dogecoin it has taken 5 months. The cryptocurrency has a market cap of more than $22.7 billion, according to AssetDash.com. The simple answer is no. Digital currencies have a lot of potential but they may never be able to surpass the US Dollar for world trade and strength. Can Dogecoin reach $10,000? Dogecoin Dogecoin's viral popularity fueled huge returns. Dogecoins infrastructure uses cryptos most useful principles such as proof-of-work formula and complete network decentralization. The sites dogecoin price prediction for 2030 said the price could reach $0.88 that year. Press question mark to learn the rest of the keyboard shortcuts. No, Dogecoin can not reach 10000 dollars. Dogecoin was trading at $0.002 on Jan. 1, 2020, and investors could accumulate 5,000,000 (5 million) DOGE for $10,000. There is nothing to say that DOGE will not break the $10,000 barrier one day, but you should exercise extreme caution. It may take awhile. "Currently trading at $2,300, I feel theres every chance that it can hit $10,000 this year but it wont be a straight line up, so beware the sharp short-term pull-backs.". Bought in at .60 something expecting the moon. On July 21 Coinbase announced that Dogecoin would now be accepted as the means of payment. The slogan Dogecoin to 1 dollar was widely promoted. Our overview aims to outline the price history of Dogecoin along with the factors behind its ups and downs. The price reached its new ATH at $0.078 on Feb 9. And as the chart below shows, it remains well above pre-2021 prices, even if it's nowhere near its former highs. Reach Wary investors have been much less willing to risk money on more speculative assets like Dogecoin. And nobody ever went broke by taking profits. Dogecoins performance throughout the next months of the 2021 year had not impressed the public with new price records. The meme coin quickly deleted a This growth was inspired by Chinas decision to bar banks from bitcoin transactions. Yet this milestone apparently belongs to the delayed future, an attempt to answer this question unfolds the history of Dogecoins ups and downs and gives a refreshing insight into the current status of things.Our article gives an insight into such a possibility while discovering facts, statistics, and dynamics of Dogecoins market presence. Doge Will Make You Rich !! There are 800 million TikTok users. What were the key factors beyond such a formidable price movement and public campaign? This tendency did not divert much from the crypto market in general. We update our LEASH to USD price in real-time. In episode 141, we tackle how to attract Gen Z to church, which all starts with knowing and understanding this generation. That means the oldest members have entered adulthood. At the end of the day, it is your hard-earned money after all! It's not so simple. Unbelievable figures for anyone, witnessing the emergence of this meme coin. In fact, some cryptocurrency experts are so sure of Ethereum's potential that they claim there is "every chance" it could hit $10,000 (7,186.65) this year - marking a more-than fourfold increase in its current value. Furthermore, Dogecoin requires another round of new and first-time investors to join its ranks and inject new funds. DOGE needs to grow by 11000 times to reach a value of $1000. But back then, Markus had insisted that the cryptocurrency community didn't really get the joke, while investors swarmed to trade and the ex-owner sold his holdings. Performance: Dogecoin is up 45% to $0.187 at publication time. No, Dogecoin cannot reach $100. Leave a comment below and let us know what questions or topics youd like us to cover next. The Surge of Dogecoin Price and How To Buy It, Dogecoin Mining: All About How to Mine Dogecoin, Exclusive Interview with TRONs Justin Sun for the Freewallet Community, Dogecoin is growing rapidly thanks to the viral video in TikTok, Freewallet Introduces MoonPay to its Platform, Turn digital money into real goods at Freewallet on the fly, How to protect your wallet from unauthorised access. Maximum price prediction of Dogecoin in 2024 is 3.34 USD. The first half of 2021. Your email address will not be published. Digital currencies have a lot of potentials but Dogecoin may never be able to surpass the US Dollar for world trade and strength. Every $1 that the Do You Think Dogecoin Can Reach $1 Before Ethereum Gets Considering this, many experts believe that while Dogecoin has tremendous potential to grow, the value may never reach $10000. #Crypto #Bitcoin #Cryptocurrency #Cryptonews #Cryptoexchange #BTC #Airdrop #Blockchain #ETH #ICO #Binance #Mining #News #Market #Altcoins, Binance USD (BUSD) Market Cap Decreases to Less than $10B #Crypto #Bitcoin #Cryptocurrency #Cryptonews #Cryptoexchange #BTC #Airdrop #Blockchain #ETH #ICO #Binance #Mining #News #Market #Altcoins, Bitcoin (BTC) Craters as Trend Shifts Bearish, Selloff Linked To Silvergate #Crypto #Bitcoin #Cryptocurrency #Cryptonews #Cryptoexchange #BTC #Airdrop #Blockchain #ETH #ICO #Binance #Mining #News #Market #Altcoins, Chainlink Whale Transactions Worth $79.7M Detected: A Sign Of Major Development Ahead? So, for Dogecoin to be $10000, it has to have a market capitalization of more than double the economy of the entire world, which is impossible. Despite its low market price, dogecoins market cap value is over $69 billion. There are 800 million TikTok users. Dogecoin Reach All these phenomenal returns in just five months. The second half of 2017 was marked by the decline of Dogecoin as this downtrend touched many virtual currencies. Dogecoin is practically worthless. Although they meant it to be satirical, the cryptocurrency was and is seen as an investment prospect by many active cryptocurrency investors. If You Invested $10,000 in Dogecoin in 2020, This Is How Much The Shibu Inu coin (SHIB) is the second largest meme coin and probably as useless as a crypto investment as the mother of all meme coins Doge. Still, laugh all you like. Doge is worth $17.9 billion and trades over $341 million a day. Shiba is worth around $14 billion and has a daily trading volume of $324 million. Currently, there are more than 129 billion Dogecoins in circulation, and each minute 10,000 DOGE are added into the network. Though Elon Musk played his role in the popularity of Dogecoin, this meme-inspired currency has always been a peoples choice. I feel your pain. Can Dogecoin Reach 000? - Wealth Quint Dogecoin doesn't have a capped supply like some other cryptos. Dogecoin is a famous meme coin that was designed into an early crypto era, in 2013 year. "Because its exchanged peer to peer without any tie to regulatory standards, theres no pattern to the rise and fall of its value. It had reached $0.338. A $100 milestone seems a much more moderate and modest assumption that we could dare to make about Dogecoin. Can Dogecoin Reach $1? Major efforts to pump DOGE were made by Reddit users as part of the initiative to pump share prices of GameStop. However, the end of the year was different, just like in the case with many other digital currencies. This position was quite new to the coins market cap when it increased sixfold fueled by Elon Musks tweets in January 2021. In their simplest form, prices go up when people want something and down when they don't. That means the oldest members have entered adulthood. Just Like & RT,'' tweeted the Crypto Godfather with no explanation backing the numbers that are predicted. The processing time in the blockchain is much shorter than that one of Bitcoins and on average does not exceed 1 minute. Will Dogecoin Reach Tesla, a famous electric carmarket, began to accept DOGE payments to buy certain goods in January 2022. At the risk of sounding like a broken record, I will emphasize again that cryptocurrency prices come from supply and demand. The broader landscape around cryptocurrencies has changed a lot in the past two years. Ethereum price prediction: Could Ethereum hit $10,000 This concept is not plausible in the case of Dogecoin because the supply is just too much! Dogecoin founder sold everything in 2015 A bitcoin purchased at $1,000 would be worth about $6,400 Thursday, or over six times as much, and your total gain would be over $5,000. Hoping to achieve similar success, another Reddit community, r/SatoshiStreetBets, which claims to be the cryptocurrency equivalent of r/WallStreetBets, set its sights on Dogecoin and are trying to push its value to $1. Options in Crypto Trading: A Beginners Guide. Im down $120,000. The mentioned price level for Dogecoin is found highly unrealistic and we believe that Dogecoin is not able to hit $1000.Can Dogecoin reach $100? Going through ups and downs, Dogecoin had met a milestone in the middle of April when a zero after dot disappeared. I bought big at $.06 so not really. Once it hits one dollar, you'll have $10,000. Its High in May attained $0.004044. Further development of this project started as a joke is rooted in its great convenience and presence on major crypto exchanges. 131 Reply 8 more replies However, in the ensuing 12 months, it has jumped to more than $2,300 (1,652.93) and growing. Dogecoin Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. $10,000 Dogecoin might soon reach a $1 valuation in India, and here is the reason for the same. Investors had a sense of FOMO, or fear of missing out. On April 28 Elon Musk announces an appearance on the TV show as the Dogecoin father which fuels another round of the Dogecoin price boost. WebAccording to some predictions, Ethereum could reach a worth between $8,000-$10,000 by the end of 2022. At present, Dogecoin is listed by top cryptocurrency exchanges and can be exchanged for fiat. It would be nearly impossible for Dogecoin to reach $100, because there isnt quite enough money in the whole world. 382%. Even if the gross domestic product of all the countries in the world is added, it would be somewhere around $90 trillion. Should you take the risk and put your money on Dogecoin?If you're interested in cryptocurrency or investing, this video is a must-watch. This time it was not a celebritys job to boost the price. "You cant predict changes or calculate returns like you can with growth stock mutual funds. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Despite the markets being so volatile and hard to predict, Twitter and Reddit are full of self-acclaimed gurus putting across predictions like it's the Gospel truth. Just Like & RT. Here are the full results from this weeks survey: Ethereum will reach $10,000 first: 41.3% Cardano will reach $5 first: 23.7% Dogecoin will reach $1 first: 35.2%. So far, this High had not been surpassed by DOGE. The meme coin quickly deleted a zero and reached the $0.01 milestone the same week. Mohit Tater, CEO of Black Book Investments, told Express.co.uk: "At the current price of $2,273, Ethereum has a long way to go before it can hit the 5-digit number. A $10,000 ETH is possible within the next few years. Join half a million readers enjoying Newsweek's free newsletters. Dogecoin WebAt this point, it is difficult to predict whether Dogecoin culd ever reach $100 by 2030. Although they meant it to be satirical, the cryptocurrency was and is seen as an investment prospect by many active cryptocurrency investors.