This can be a query that many buyers are asking as cryptocurrency continues to realize recognition.
Whereas there isn’t a easy reply, there are just a few elements to contemplate that might allow you to make a prediction.
What’s Dogecoin?
Dogecoin (DOGE-USD) is a cryptocurrency that was created in 2013 as a strategy to satirize the Bitcoin craze. It’s usually known as the “joke forex” as a result of it was initially began as a prank.
Nonetheless, Dogecoin has since gained a big following and has turn into a reliable cryptocurrency with a market capitalization of over $600 million.
The “DOGEARMY” is a gaggle of Dogecoin fans who’re very energetic on social media and infrequently promote the forex.
Because of their efforts, Dogecoin has turn into one of the vital common cryptocurrencies.
The place Are you able to Purchase Dogecoin?
Dogecoin could be purchased on quite a lot of cryptocurrency exchanges corresponding to Binance, Kraken, and Robinhood. It will also be purchased with fiat forex on a number of exchanges together with Changelly and Shapeshift.
Worth Historical past of DogeCoin
Dogecoin has seen a number of volatility in its worth historical past. When it first launched in 2013, one Dogecoin was value $0.00026.
In January of 2018, the worth of Dogecoin surged to $0.017 after reaching a market capitalization of $2 billion.
Dogecoin’s all time excessive worth was $0.018 in January of 2018 with it’s most up-to-date low being $0.0027 in March of 2020.
Right here’s a have a look at the worth of Dogecoin courting again to 2014 to current day:
Elon Musk and Dogegoin
Dogecoin has gained a number of consideration as a consequence of tweets from Tesla CEO Elon Musk. Musk, given the final word title of “Dogefather”, has been a vocal supporter of Dogecoin, even calling it his “favourite cryptocurrency” at one time.
On his first Saturday Night time Reside look, Musk joked that Dogecoin is likely to be the longer term forex of Earth. This despatched the worth of Dogecoin hovering 10% in a matter of minutes.
Musk has additionally allowed Tesla clients to pay for his or her vehicles with Dogecoin (based on their web site you would wish to arrange a correct dogecoin crypto pockets). You may also buy Tesla merchandise and so they started rolling out accepting dogecoin as fee at a choose few of their Tremendous Charging stations.
Through the latest crypto winter Musk hadn’t been as vocal in supporting Doge, however he did not too long ago share this tweet:
Whereas Elon Musk’s tweets have helped to extend the worth of Dogecoin previously, it is very important bear in mind that he’s not affiliated with the corporate and his tweets shouldn’t be taken as monetary recommendation.
Will Dogecoin hit $0.10?
Dogecoin has already hit that elusive worth of $0.10 so the larger query is:
“Will dogecoin hit $0.10 once more?”
This can be a troublesome query to reply. Dogecoin has a number of potential as a consequence of its massive and energetic group, in addition to the endorsement from Elon Musk.
Listed here are the important thing elements whether or not Dogecoin will hit $0.10 once more:
- Elevated mainstream adoption of cryptocurrency
- Extra companies accepting Dogecoin as fee
- Continued help from Elon Musk (and different
- Improved infrastructure for getting and promoting Dogecoin
If these elements proceed to develop positively, there’s a good probability that Dogecoin will attain $0.10
Nonetheless, it is very important keep in mind that the worth of cryptocurrencies could be very risky and something may occur sooner or later. Solely time will inform if Dogecoin will hit $0.10 or not.
Dogecoin Worth Predictions
I knew there have been different Doge fans that had their opinion on its future worth and I wished to listen to their take.
Matt Wallace, a crypto content material creator with over 245k subs in his Youtube channel has been an enormous Dogecoin supporter by means of the years.
I hit him up on Twitter to see if he thought Dogecoin to hit 10 cents once more.
This was his optimistic view supplied that House X delivered on its promise.
The unique creator of Dogecoin, Shibetoshi Nakamoto,sStill follows the challenge carefully and not too long ago tweeted at how the meme coin has been caught at its present stage for fairly a while.
Glauber Contessoto, generally known as the “SlumDOGE Millionaire” went all in on the meme coin investing $250,000 which ultimately exploded into over $1 million (at the very least on paper) continues to be extremely bullish on Doge, Tweeting this:
Dogecoin Future Worth – Backside Line
The underside line is that predicting the longer term worth of Dogecoin is a troublesome activity. Nonetheless, there are a variety of things that recommend that the worth may attain $0.10 once more sooner or later.
Solely time will inform what the longer term holds for Dogecoin.
What are your ideas? Will Dogecoin hit $0.10 once more? Tell us within the feedback!
