Here at Changelly, we treat Dogecoin (DOGE) cryptocurrency with respect, as DOGE is the perfect example of what can be achieved if a cryptocurrency has strong community support. Born as an Internet meme, Dogecoin demonstrates how a simple joke may increase in value and reach a $32 billion market capitalization. We’ve collected facts about the Dogecoin success story and provided DOGE price prediction.
Dogecoin was just a little changed when developed as a fork of Litecoin. New blocks in the DOGE blockchain are created faster than in Litecoin – 1 minute against 2.5 minutes in LTC. Dogecoin’s mining difficulty is adjusted every block found and the reward is fixed. The most distinct change happened in the brand and it became a driving force behind its popularity.
For around three years the meme coin was famous but not actively traded and there were no rapid price movements either. Several charity programs and a friendly DOGE community helped the coin to get the trust of the community.
DOGE price dropped significantly, and its market cap has also left its high point. Still, it is one of the top-15 coins on the market and overall ROI is around 11,000%. It is also pretty popular digital coin since Elon Musk is encouraging users to buy it and send it to the moon.
Dogecoin is the tenth by sales and exchange cryptocurrency on Changelly, but despite this, users regularly exchange it thanks to the long existence and development of the coin.
During the price falls of March, July, and September, Dogecoin was falling along with the market. The DOGE price drop isn’t that bad as it is for Bitcoin and the price spikes after the downtrend show that DOGE was recovering faster than BTC.
Dogecoin is obviously very dependent on the overall interest in the blockchain industry and behaves like most of the other coins, discussed the Cryptocurrency Price Predictions articles published on our website. For example, Zcash and BitcoinCash – both coins mirrored the Bitcoin price graph.
The coin was very interesting for Google users in January 2018. A couple of less significant peaks happened in July and December. At the start of 2019, the popularity was around the same level as it was in the same period of 2018, which is a major accomplishment in terms of the industry crisis, happening today.
Similarly to Dash, DOGE turned out to be one of the go-to cryptos in countries where the financial system is struggling. Other countries with a large amount of the “Dogecoin” searches include Bangladesh, Pakistan, the Philippines, and Nigeria.
There will be a positive trend in the future of the asset. DOGE might be a good idea for investing. In 2021, the coin will be stable and cost around $0.24. In 2025, the average Dogecoin price can reach $1.22.
Dogecoin has support from Elon Musk. All of you have already seen the hype that boosted Dogecoin price. When Elon Musk tweets about Dogecoin, the price always goes up. Well, soon to the Moon! Much Space!
According to the technical analysis of Dogecoin (DOGE) price graphs, the price of one Dogecoin in 2030 may reach $1. The prediction depends on the whole market situation and mostly on Elon Musk’s opinion.
It is easy to buy or swap DOGE coins on many exchanges. When purchasing crypto it is important to seize the moment of the best rates as the cryptocurrency market continuously fluctuates. You can always check the Dogecoin cross-rate to other cryptocurrencies on our website.
Reddit users suppose Doge to become the currency of the internet. So it can definitely go higher than $10.
According to Reddit, this meme-inspired cryptocurrency stays solid on its paws. Some stores accept DOGE coins nowadays. So it’s the best evidence that Dogecoin is alive.
Well, Dogecoin started as a joke. However, nowadays, the meme coin is still one of the most popular among the crypto community. Despite the fact that the price is not at its highest point, the long-term earning potential of this coin looks moderately optimistic.
One of the most popular cases to use Dogecoin is tipping users on the internet who create or share content. Dogecoin (DOGE) can be associated with like or upvote with real value that can be used all across the internet.
Changelly allows you to swap and buy DOGE cryptocurrency with fiat using your credit/debit card, bank transfer, or even Apple Pay. Choose the best rate and get some DOGE to your wallet.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.