Have you ever thought about putting your investment in cryptocurrencies? Did you know which cryptocurrency/coin is currently the most demanding in the market regarding future investment?
Binance Exchange is the best Exchange to buy Dogecoin (DOGE)
If you want to know about it, you are at the right place because here we will tell you about a most demanding cryptocurrency nowadays. Different types of cryptocurrencies exist in today’s market, out of which we have probably listened to the name of Bitcoin very often.
But the emergence of Dogecoin is giving a tough fight to Bitcoin in terms of the secure and fast transaction. Here we have a quick guide for you about Dogecoin and the Dogecoin price prediction for the coming years!
What Is Dogecoin?
Dogecoin is known as an open-source digital currency which is becoming popular among internet users all over the world. The entire framework of the Dogecoin is based on Litecoin (LTC). Any modifications or updates made in Litecoin will be done in Dogecoin as well.
The primary purpose of this coin is to provide an easy to use transaction platform during investment. This coin has a loyal and strong userbase who are holding this currency as a speculative asset. Like the rest of the cryptocurrencies, you can trade Dogecoin to make some profitable return.
Who Created Dogecoin?
This currency was introduced by Jackson Palmer and Billy Markus back in the year 2013. The main purpose behind the launch of this currency was to let the Dogecoin act as the satirical commentary over the ridiculous valuations of some new currencies coming out at that time.
Dogecoin (DOGE) Historical Price Analysis
Dogecoin (DOGE) makes it way into the market for the first time on 6th December 2013. This currency moves into trading in the cryptocurrency exchange on 15th December 2013 at $0.00. Below we have a chart of Dogecoin‘s price analysis for last few days:
|16th February 2021||$0.06223||$0.06951||$0.05720||$0.06661||$6,810,834,494|
|15th February 2021||$0.06661||$0.07848||$0.06149||$0.07755||$7,290,694,468|
|14th February 2021||$0.07755||$0.08013||$0.07049||$0.07758||$7,534,087,398|
|13th February 2021||$0.07758||$0.08164||$0.07712||$0.07977||$8,637,719,790|
|12th February 2021||$0.07977||$0.08163||$0.06955||$0.07878||$8,862,985,774|
|11th February 2021||$0.07878||$0.081666||$0.07684||$0.08099||$8,938,041,294|
DOGE Market Cap
Today’s price of Dogecoin forecast 2021 is USD 0.053838 within 24-hours of trading volume of USD 3,303,210,510. Dogecoin is almost down to 7.59% in the last 24 hours. The current ranking in CoinMarketCap is #13 in which the market cap is $6,912,841,929 USD. Circulating supply of this currency is 128,400,480,665 DOGE coins.
|24h Low / 24h High||$0.05098 / $0.05903|
DOGE Circulating Supply and Total Supply
Majority of the assets with maximum circulating supply will always trade at a lower price in terms of token or the dollar value per coin. Currently, BTC has a low circulating supply of 18.6 million. Talking about Dogecoin, this currency has the circulating supply of around 128.3 billion based on the CoinMarketCap numbers.
Based on DOGE’s circulating supply, the marketing cap can easily hit $800 billion. Even if the price has to reach $1,500 per DOGE, then the market cap has to be roughly $192.4 trillion. Usually, the low circulating supply assets can eventually rise higher in price per coin than the assets with the large supply counts.
Dogecoin Price Today – Current Price
Today’s Dogecoin price prediction is $ 0.0531, which has moved down to almost -8.78% in the last 24 hours. On 7th February 2021, Dogecoin reached the highest price of $ 0.0851. Dogecoin share in the cryptocurrency market is around 0.43% with the market capitalization of almost $ 6.81 Billion.
You can get more details about the DOGE price prediction
Dogecoin (DOGE) Future Price Forecast Prediction
Before you plan to invest in Dogecoin, it is essential to know Dogecoin crypto price prediction in both short and long-term scenarios. Below we have a small discussion about short and long-term Dogecoin price prediction for the newbie:
Dogecoin (DOGE) Short Term Prediction
In the short-term Dogecoin crypto price prediction, the market is hoping to see a considerable rise in the value of Dogecoin in the coming months. This currency has been strongly embraced by the dealers such as eGifter, AllGamer.net, and many more. Price is expected to rise to almost $0.30.
Dogecoin (DOGE) Long Term Prediction
The current market price of Dogecoin is 0.0514 USD as of today. High expectations are being made related to its price, which will go up from 0.0514 USD to almost 0.0620 USD in one year. When it comes to long-term DOGE price prediction, then its long-term earning potential will be +20.61% in the coming year.
Dogecoin Price Prediction 2021
Are you ready to know about DOGE price prediction 2021? With the start of 2021, Dogecoin has seen a tremendous rise in its value which gets double on 2nd January 202, from $0.005405 to almost $0.011427. It eventually started trading at $0.007432 on 27th January 2021 after which it reaches the all-time high value of $0.0781.
Dogecoin Price Prediction 2023
Based on the current market cap and price analysis, Dogecoin will steadily grow to reach a high value. It might be the same as it is in 2021, or you can even see some minor changes. According to DOGE price prediction 2023, Dogecoin price might be up to USD 0.11076601
Dogecoin Price Prediction 2025
In the coming 5 years, Dogecoin will likely reach the limit of $0.04 mark. In case it does not face any turbulence, it will reach $0.05 by 2025. Some forecasts are also being made where it is expected that the price of Dogecoin will stand at the value of $ 0.044 in 2025. According to DOGE price prediction 2025, the lowest expected price might be $0.281.
Dogecoin Price Prediction 2030
Based on the Dogecoin price chart and its overall price analysis, Dogecoin has an outstanding ability to outperform the rest of the cryptocurrencies by 2030. According to DOGE price prediction 2030, the Dogecoin price might reach a market level of $0.2.
Is Dogecoin A Good Investment?
Yes, it is! Dogecoin has numerous benefits for all those users who want to securely and quickly send money internationally. With time, the Dogecoin network is growing massively, and now more and more vendors are accepting this currency for the sake of high investment. This currency makes the use of Proof-of-Work consensus algorithm for securing their network. The best thing about this coin is that you can earn some significant profits during the downturns.
Is Dogecoin Safe To Buy?
It is no doubt; Dogecoin has made itself one of the essential mainstreams of the cryptocurrency world. It is incredibly low with its transaction fees and offers fastest transaction processing. Majority of the traders prefer to use it as an exchange due to its stable value. Before you invest, have some know-how about the condition of DOGECOIN in 10 years.
In short, Dogecoin is one such currency which has been accepted by almost all major exchanges including Shapeshift and Flyp. Me. As the Dogecoin has been integrated into Shapeshift, you can use it to pay for various goods and services with Shapeshift API built-in.
How to Buy Dogecoin? Step By Step Guide
First of all, you have to set-up an account with one such exchange that supports Dogecoin. After setting up an account, you have to follow the below three steps:
Step 1: Firstly register an account for buying DOGE. You can look for the exchange in which DOGE is available in more than two currency pairings. Sign up with email and password.
Step 2: In the next step, you have to deposit the funds in your account. In case your exchange accepts some fiat currency, you can even buy DOGE directly with the US dollars (USD).
Step 3: Now, finally, you can buy DOGE! You have to check out the market section on your selected exchange to search for the desired DOGE pairing. Don’t forget to review your transaction details once the process has been completed.
Best Crypto Exchanges to Buy Dogecoin
Majority of the traders use Coinbase crypto exchange to buy the Dogecoin. This platform allows you to purchase a cryptocurrency with the fiat currency and store them in a virtual wallet. Coinbase is currently available in almost 40 countries and is yet the most famous exchanges.
Few other best alternatives are:
How High Will Dogecoin Go?
As we all know, Dogecoin is working as a cryptocurrency. Like all other cryptocurrencies, Dogecoin is also highly volatile and prone to large surges or big dips. In the last few years, this currency has witnessed some abrupt changes in its price. Although BTC is still the most ruling currency in the market, the Dogecoin price will rise high in the future.
Will Dogecoin Go Up Tomorrow?
Like the rest of the cryptocurrencies, the main price driver for the DOGE is the media attention. This coin has witnessed a massive surge in its value in early 2018 and has hit a market cap of around 2.0 billion dollars. In the coming few months, this price will surge even more to break all currency records.
Will Dogecoin Reach $100?
Can Dogecoin reach $100? Its answer is just simple! According to Dogecoin price prediction, it can easily reach $100. We all know that the current total market valuation of the Dogecoin (DOGE) is USD 6.3B within a price per coin of $0.0486. At the price of $100 per DOGE, the market valuation will be 2.057 xs with the current market cap of USD 12,962 Billion.
Is Dogecoin Better Than Bitcoin?
If we see it today, Dogecoin is running at a low price as compared to Bitcoin. Both the currencies are prevalent at their stand, but some scenarios considerably make one currency better than others. Bitcoin is in serious trouble due to which Dogecoin seems to have an inverse relationship with the Bitcoin.
Dogecoin cannot reach more than 1 USD at even the market cap.01 USD. But Bitcoin can quickly achieve this target. So this central aspect let the users know whether they should invest in Bitcoin or Dogecoin.
Takeaways – Dogecoin DOGE Price Prediction
To sum up, it is no doubt, the launch of Dogecoin started as a meme joke in a lighthearted tone, but now, this currency has genuinely become a primary digital currency.
This currency is possessing one of the most significant thriving communities based on friendly members working hard to raise the value of this coin in the market. Crypto may become the future of currency in the world and DOGE can surprisingly play a heavy role with its memes and serious increases in price.
Hope you enjoyed our Dogecoin price prediction, and soon Dogecoin ($DOGE) will rise in future years. Wait for the magic!
If you want to read more price predictions, take a look at our
I am a data analyst by profession who loves to crunch numbers at daytime and come home wondering how my passive income numbers for the day look like. I believe in being rich rather than looking rich. Follow me for Cryptocurrency, FIRE, Personal Finance, Credit Cards and Digital Nomad updates