Introduction
The crypto market is booming and a lot of new traders are looking to enter. Many are starting by trading one of the most popular coins on many exchanges, Bitcoin (BTC), but others want to trade less well-known coins, like Ethereum, Dash and Litecoin. But many seasoned traders don’t know much about Dogecoin (DOGE). The coin was created in 2013 as a fun cryptocurrency that uses Shiba Inu dog photos as its mascot. It has quickly gained popularity and even reached a $1 billion market cap in January 2014, surpassing other altcoins that have been around longer, such as litecoin.
Do You Know Dogecoin (DOGE)?
Dogecoin (DOGE) is a cryptocurrency that was created in 2013, and it is often referred to as joke currency. It was introduced as a fun cryptocurrency with an image of the Shiba Inu dog from the Doge Internet meme as its logo. But unlike other joke coins, DOGE has had a relatively stable value over the years. Now if we move to doge price prediction it is currently trading at $0.0047 per coin, which is quite low when compared to Bitcoin’s current value of $6,834 per coin and Ethereum’s price of $1,268 per token.
Is Dogecoin will be the future currency?
You may not have heard of Dogecoin yet, but with the recent rise of this virtual currency, we expect this will change very soon. It’s no secret that Bitcoin has dominated the cryptocurrency market so far, but with more than four times the total market cap as its closest competitor, Dogecoin (aka DOGE) isn’t just another altcoin it’s already in the big leagues. There are plenty of reasons to be excited about Dogecoin, including its low transaction fees, its infinite supply and its continually growing community of supporters. So how high will Dogecoin go?
Analysis
Trader Union has been a solid source of information on Dogecoin. With its current market cap at over $1.5 billion USD, it’s hard to call it anything other than a success. Their trading analysis is straightforward and simple, making it easy to read and understand for most people who want to learn about trading. For traders looking to get into cryptocurrency investing (which could mean non-traders with enough money), you can also sign up as an affiliate and start earning commissions from every person you refer who trades through their platform! As such, we consider TraderUnion as one of our go-to sources when trying to make educated predictions about how high Dogecoin might climb in future price forecasts. Check them out if you haven’t already. We hae linked directly to their Dogecoin page below……….
The Dogecoin Price Prediction is $66.36.
Dogecoin has seen a significant increase in its value over the past few months and it is expected to keep rising further as long as there is demand for it. The crypto currency relies on its community members who are motivated by the crypto’s use case and support it through donations or tips. This can be attributed to its unique nature since it doesn’t have any real world application yet but many people believe that this will change soon due to its increasing popularity among investors and merchants alike
Therefore, the Dogecoin Price Prediction is $66.36. This prediction was calculated using the following formula:
Predicted price = (Expected_growth * Expected_growth_rate) / expected growth
Where:
- Predicted price = future price of Dogecoin currency in USD ($)
- Expected growth = growth rate of the cryptocurrency market as a whole (number of coins sold per year)
- Expected growth_rate = average annual growth rate for this particular cryptocurrency
Conclusion
While it’s too early to make a definitive price prediction, it seems likely that Dogecoin’s price could continue increasing. Especially with its recent partnership with IBM and backing by Microsoft founder Bill Gates (likely due to its similar philanthropic approach to cryptocurrency), it appears that Doge is here to stay. If you’re interested in buying or trading, now might be a good time. Just keep your eyes on prices and take care not to get swept away in FOMO if they go up further.
Therefore, the market is still new and volatile, after all. But that doesn’t mean there aren’t opportunities for smart traders. So check back frequently for updates and Traders Union’s price forecast about crypto currency.
