Dogecoin is a cryptocurrency that was founded in December 2013. It reached its highest price of $0.005938 on January 7, 2019 and its lowest price at $0.0003099 on September 11, 2018. Dogecoin’s total market cap is $2,076,459 (according to coinmarketcap). The price of dogecoin has been predicted to continue increasing from the current trading of around 0.00001 BTC (Bitcoin) to reaching 0.001 BTC by 2022. This price target is an estimation based on historic price trends and future market potential.
The Dogecoin
It is growing in popularity every day and so surely it can achieve the top 5 cryptocurrencies as early as 2022. The number of users of dogecoin is increasing in a big way and so it is proved that the investors are accepting the currency. The number of active wallets using dogecoin has reached around 242,541 (on January 12, 2019) which means that there are more than 250k people using this currency. There have been millions of transactions made (in Dogecoins) which shows that there are a large number of traders who believe in buying this coin on a regular basis.
The market value of dogecoin is around $64,086,380 which is a huge amount of money given its low price. This shows the potential of this coin and so in future, it can reach the price of $0.001 per Dogecoin. This is because its supply has a limit and the user base keeps on increasing over time as more people get to know about it. The market cap for this coin is only $2 billion which means that there are investors who believe in this coin and are willing to invest in it.
The currency
Has a low trading volume which means that there are fewer buyers and more sellers. This is a good sign as it means that the coin will be more liquid and so it can be traded freely.
Dogecoin has been traded on many exchanges in a short time which is a good sign for a developing cryptocurrency. Some of the top exchanges for this currency include Poloniex, Bittrex, HitBTC, Bitfinex and Binance. The transaction fee for this coin stands at 0.0001 BTC (Bitcoin) per transaction which is an improvement from the past when it used to cost 0.001 BTC. The fees are high but not as high as some of the other currencies on the market.
What are the best ways to invest in Dogecoins?
There are over 80 cryptocurrencies on the market and as you keep on digging deeper, more and more cryptocurrencies will be added to the list. Some of the top exchanges are Bitfinex, Binance, CoinSwap Exchange, HitBTC, UPCoin and Poloniex. Start looking at them all since each one has different features.
What makes Dogecoin different from other cryptocurrencies?
Dogecoin has been around for a while now and has gathered millions of followers. It has its own social media page where you can join and get involved. All the transactions made in Dogecoins are transparent and so the investors have full information on what is happening in the market.
Dogecoin Price Prediction 2022: What Price Can DOGE Reach This Year?
Dogecoin is a cryptocurrency that was founded in December 2013. It reached its highest price of $0.005938 on January 7, 2019 and its lowest price at $0.0003099 on September 11, 2018. Dogecoin’s total market cap is $2,076,459 (according to coinmarketcap). The price of dogecoin has been predicted to continue increasing from the current trading of around 0.00001 BTC (Bitcoin) to reaching 0.001 BTC by 2022. This price target is an estimation based on historic price trends and future market potential.
The Dogecoin is growing in popularity every day and so surely it can achieve the top 5 cryptocurrencies as early as 2022. The number of users of dogecoin is increasing in a big way and so it is proved that the investors are accepting the currency. The number of active wallets using dogecoin has reached around 242,541 (on January 12, 2019) which means that there are more than 250k people using this currency. There have been millions of transactions made (in Dogecoins) which shows that there are a large number of traders who believe in buying this coin on a regular basis.
