Hey people! :)
What you think about Dogecoin?
Do you think it's possible that Doge reach $0,10 at any time? And $1?
Im curious about that and i want to know what you guys think :D
I am interested in Dogecoin as well. Most altcoins are pretty easy to figure out. They usually have something extra bundled with them (fintech platform, dapps, fast transactions etc.) but I still can't figure out if Dogecoin is just a joke fueled by internet people or something real. Btw, the "joke" part is not meant to be an insult to Dogecoin creators. Just a figure of speech. I own some after all.
When it comes to potential price, who knows... crypto is pretty much an uncharted territory where anything can happen. However, when calculating potential coin value, take into account supply and market cap. If Dogecoin would have the same market cap s almighty Bitcoin, it would be worth "just" $0.26 per coin. So in order to reach $1 per coin it would basically need to have market cap of 2x the amount of ENTIRE crypto market now. To me this seem pretty unrealistic at the moment.
Good luck to Dogecoin, nonetheless.
Disclaimer: I am quite new to crypto, so take my opinion lightly an feel free to correct me.
Thank you very much for your comment mrakodrap :) And yes, i think the same way as you, it is so hard that go up in value due to the quantity of doges in the market...But hey how knows maybe in a couple of years when more people realize about crypto we may see 0,01usd per doge who knows haha! Thanks! :)
I am interested in Dogecoin as well. Most altcoins are pretty easy to figure out. They usually have something extra bundled with them (fintech platform, dapps, fast transactions etc.) but I still can't figure out if Dogecoin is just a joke fueled by internet people or something real. Btw, the "joke" part is not meant to be an insult to Dogecoin creators. Just a figure of speech. I own some after all.
When it comes to potential price, who knows... crypto is pretty much an uncharted territory where anything can happen. However, when calculating potential coin value, take into account supply and market cap. If Dogecoin would have the same market cap s almighty Bitcoin, it would be worth "just" $0.26 per coin. So in order to reach $1 per coin it would basically need to have market cap of 2x the amount of ENTIRE crypto market now. To me this seem pretty unrealistic at the moment.
Good luck to Dogecoin, nonetheless.
Disclaimer: I am quite new to crypto, so take my opinion lightly an feel free to correct me.
Thank you very much for your comment mrakodrap :) And yes, i think the same way as you, it is so hard that go up in value due to the quantity of doges in the market...But hey how knows maybe in a couple of years when more people realize about crypto we may see 0,01usd per doge who knows haha! Thanks! :)