Will the Dogecoin Reach 1 Dollar?
Dogecoin is a digital currency, similar to Bitcoin, that was created in January 2014. The currency’s name is a combination of Doge, a popular internet meme featuring a dog, and the word “coin” in reference to how it is a virtual currency. It quickly became a popular online commodity, and many people have started to invest in it.
Dogecoin has had a roller coaster ride of ups and downs since it was launched in December 2013. The cryptocurrency has experienced rapid growth, but its value has also fluctuated sharply. The Dogecoin community has become incredibly enthusiastic about the coin but remains divided over its future. There are those who think it is headed for profitability, while there are others who say it is headed for disaster.
The Dogecoin community can’t seem to get enough of this cryptocurrency. It’s gaining in popularity with every day that passes by, and there are even people who are willing to bet on it. There was a recent bet that placed Dogecoin at $1 by the end of the year, and it appears that the wager is still on. While $1 is a bit of a stretch, Dogecoin definitely has the ability to reach $1 at some point in the near future.
Over the last few months, Dogecoin has been slowly but surely building up a following. These recent developments have been a driving force behind Dogecoin’s recent price rises. In a recent article in CoinDesk, a prominent Bitcoin publication, it was predicted that Dogecoin could reach a value of $1 in 2017. This statement was accompanied by a graphic of a king in a crown and a royal sceptre.
No matter how much you want to believe in Dogecoin’s bright future, it’s a coin that just can’t find a way to break the 1 dollar mark. The Dogecoin community hopes that this year will be a turning point for altcoin, just as it did for Bitcoin in 2014. The “Doge” community seems to think so, too, as there’s been a marked surge in interest in the coin in the past couple of months, from investors looking for a low-risk investment to users who want to get in on what they think will be a big hit.
Even though it is not possible to predict the precise date, there are still many people who are willing to buy Dogecoin at the current price of 0.00003300 BTC. This makes it one of the most liquid cryptocurrencies on the market.
The value of the Dogecoin cryptocurrency has been volatile over the past few months. The value of 1 Dogecoin has changed, on average, by $0.0139 over the last 30 days, which means that the value has ranged from $0.0023 to $0.0095. Dogecoin has a market capitalization of $363,877,669. Its trading volume over the past 30 days is $27,867,765. Dogecoin has a current circulating supply of 100,000,000,000 Dogecoins. Its maximum supply is 104,999,999,999 Dogecoins.
On May 15, when the Bitcoin price crossed $1,000 for the first time in 2015, the cryptocurrency community rejoiced. Those who had invested in digital money the year before are now millionaires. But there was also a heightened excitement about another coin in the Bitcoin family, the Dogecoin. Some fans thought that the coin, which was created in December 2013, would be the next to reach the magic mark. Recent studies show that it has been making steady progress.
Dogecoin has been making headlines all over the world. This altcoin has consistently been making headlines and has been making it to the top of coin rankings and has been making the movement of the altcoin grow steadily.