What is Dogecoin?
Dogecoin framework is backed by Litecoin derivatives which are based on famous internet meme Dog which is Japanese breed Shiba Inu and it’s the animated version which is used in the meme is the logo of the Dogecoin cryptocurrency, as they have founded in 2013 in which main use of this coin to distribute Dogecoin as a reward to a user who sharing creative content and funny memes, so as per official this is easy to use, very friendly and fun-based currency.
Founder of Telsa and SpaceX i.e. Elon Musk was appreciated Dogecoin by saying I am a huge fan of Dogecoin and nowadays Dogecoin become internet tripping system in which they also suggest and give tips how to create interesting and noteworthy content, a community member who also responsible to use the phrase to the moon to describe prices are hiking or going upward.
DogeCoin Meme was trendsetter in 2020 and many memes creator producing content with Dogecoin template.
Dogecoin Price Prediction
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Dogecoin Price Analysis
As in December 2013, after it’s launched, it was hiked by over 300% and that was the time where it started getting pretty popularity in an active miner and as it takes only 1 minute to create 1 dogecoin as compare to Litecoin who takes 2.5 minutes, so that time generation of Dogecoin was improved, as the founder of Dogecoin wanted to launch cryptocurrency which is different from Bitcoin, as after that RBI warned to the user who was associated with them because during the hacked attempt in 2014 there was million USD worth Dogecoin was stolen from Dogewallet then as per request lost coin was donated to Dogecoin community and after that its daily trading volume was higher than other top cryptocurrency and in the year 2015 Dogecoin has over 13 Million USD worth market cap value and starts its dominance in the market but after 2018 crash Dogecoin was continuously dropped in ranking maybe because of its rare updates in security and technology.
Dogecoin in the period of price on the moon able to reach $0.01877, as in new year hype for cryptocurrency where India also lifted banned over cryptocurrency also helped a lot of cryptocurrencies to get back their momentum that time again Dogecoin was able to $0.003364 which recorded as highest of 2020 till now, the as nearly same figure was reached by Dogecoin in July 2020, so it takes more than 8 months to reach its all-time highest of 2019, so Dogecoin growth and drop fluctuation speed for growth rate more than 150% is very low as compare other cryptocurrencies, as from top 30 cryptocurrency when we look at growth rate fluctuation over 150% then Bitcoin SV, Maker doing a great job, so this might be another reason why Dogecoin not getting a response which was they use to get in previous years, so they need to get more big partnership and also need to improve its transaction speed along with lowering its fees.
As for performance in the 2020 year not that good but as compare to other top cryptocurrencies then fluctuation for long terms investment is perfectly executed by Dogecoin, as we have seeing growth in creating a meme in the year 2020 and future also meme will be appreciated by the internet user, so there is no worry for Doge because as number of users increase rewards distribution also going to increase which will fluctuate market cap value and again Dogecoin will be making in the trending list of cryptocurrency, as talking about prediction in 2021 there are huge chances of crossing USD 0.0040 with over 200% growth from the price below $0.0020 and will be enough to get the attention of an investor
As Dogecoin was always got help from charity and donation to get back into the track, as they also supported by Reddit community to sharing meme and content, as Reddit was always popular since it launches and it also getting several users day by day as some of the community has a follower in million who active daily basis in terms of sharing meme and data, so last 3 year dropped may be seen in due to many users is shifting from Dogecoin community and if we study closely of google trends which shows how much people search about Dogecoin then we seeing down shift arrow, so if they able to make a good impact in 2025 and 2030 then only it can be able to reach USD 0.01 else it will remain under USD 0.0080 with less than 300% growth rate per year.
Can Dogecoin Reach $1 USD?
Yes, but may takes 20 to 30 years.
How Much DOGE Worth in 2030?
Probably reaching $0.01 USD
Is Dogecoin a Good Investment?
Yes, Long term will help you to earn passive income.
Crypto project started with Joke and now worth in billion dollar, however trend of DOGE seem to be never end because in the covid crisis DOGE Template was on the trending chart. Dogecoin also mentioned by Tesla CEO and Paypal co-founder in the recent event along with their potential and further interest in partnership. The dogecoin also providing payment option to the Amazon.