What is the future of Dogecoin?

in #dogecoin • 3 years ago

For those that have been patiently waiting for Dogecoin to become the next Bitcoin, the wait may soon be over.

What started as a Meme cryptocurrency Dogecoin touched its highest ever value on Friday following a tweet by Tesla and SpaceX CEO Elon Musk "Doge barking at the moon".

In 24 hours to Friday morning, Dogecoin jumped 112.89 percent, as per Coinbase, with the value of the cryptocurrency rising to $0.29, around 30 cents. This came just two days after it hit the milestone of 10 cents on April 14. The current market capitalisation of Dogecoin is about $16.9 billion and currently it's in 8th position in coinmarket capitalisation. Some analysts believe that Dogecoin is on a bull run and could hit $1 by the end of 2021, according to Coinpedia.

Now that more people are seeing the potential in the currency, more will be inclined to purchase, which in turn means a run to $1.

More people investing in this specific Cryptocurrency means the value of it will increase.

#cryptocurrency #crypto #coin
3 years ago in #dogecoin by
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