Dogecoin Price Prediction for 2018. $2.14+

in #dogecoin7 years ago (edited)

This prediction is actually very simple. It is not based on where the cryptocurrency market is going, but merely where it currently is, and on Dogecoin's relationship to Bitcoin.

Bitcoin's circulating supply is 16,719,612. Let's call that value "X".

Dogecoin circulating supply is 112,537,138,714. We'll call that value "Y".

Dogecoin, like Bitcoin, is an electronic currency, or 'store of value', to be used as a medium for trade. Therefore, without getting too complicated, you can infer a mathematical relationship based on the current amount of circulating supply.

Y/X = 6710.7777, meaning for every 1 bitcoin, there are 6710.7777 Dogecoin.

Bitcoin's current $ Value is $14,368.00

$14,368.00 / 6710.7777 = $2.14 = Dogecoin's calculated value.

Dogecoin is currently less than $0.01. I'll let that sink in for a minute.

Here's part B. This is where it get's good.
There are currently over 9 Billion $100 Dollar Bills In circulating supply. That amounts to $900,000,000,000.00 in circulating currency, excluding all other US Dollar Denominations. If Bitcoin only ever took place of the US $100 Bills:

$900,000,000,000 / 16,769,612 = $53,668.00 for 1 Bitcoin.
Applying the same previous Math, 1 Dogecoin would then be valued at $8.00

Let me remind you again that Dogecoin is currently valued at less than $0.01.

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I Think now is time to buy Cryptocurrencies- and platform, most of them are gonna raise like an airplane!

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