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In the sometimes dog-eat-dog world of cryptocurrency, there is at least one altcoin that doesn’t take itself too seriously – Dogecoin (DGE). The coin uses the likeness of the Shiba Inu (a spitz breed of dog from Japan) as their logo. The Shiba Inu was the canine featured on the popular “Doge” internet meme – hence the name Dogecoin.
Founded back in December of 2013 as a “joke currency,” Dogecoin has gone on to establish a cult following in the crypto community. The token is known for being easy to transfer and is also ideal for tipping content creators. Those looking for a more in-depth description should check out our resource page and explanation video. Now that we have a general understanding of what Dogecoin is, it’s time to take a look at the price.
While Dogecoin comes off as light-hearted, this altcoin isn’t all bark and no bite. In fact, at one point in time, the token was the 5th most valuable crypto on the market. At press time, a single Dogecoin is trading for around $0.00231217 – making it the 44th most valuable cryptocurrency by market share.
As a coin created in jest, Dogecoin has exceeded a lot of folks expectation already. There are some who believe it’s yet to unleash its full price potential.
For those who have been barking for some Dogecoin price predictions, Blockchain WTF is here to scratch that itch.
Note: This article is not intended to be investment advice. We encourage readers to do their own research before investing in any cryptocurrency.
Little is known about the Steemit author who goes by the name Zakaria M – even his profile photo says “top secret.” However, one thing we do know is that he (or she) is definitely down with the Doge. In fact, they even published an article last year, claiming that a single Dogecoin would be worth $1 in 5 years time.
Zakaria M writes,
“Doge is technology the US Dollar can use to move in and out of encrypted electronic states, just like bitcoin, but with more available than bitcoin, it allows the $1 mark to find a natural crypto ally in Dogecoin. And with all other fiat currencies moving in and out of Doge, $1 or even $10 a Doge is reasonable in five years.”
The Steemit writer goes on to say,
“I think that equilibrium with $1 will come rapidly as more and more people move USD and other fiats into it and have less need to convert out of Doge as they will continue to transact with their Dogecoins instead of needing to convert to USD, though the value of your coins will always be in relation to what they are worth in USD and Bitcoin. Tech-savvy countries with unstable economies are turning to Bitcoin and Dogecoin.”
Zakaria M provides Dogecoin price predictions that can only be described as bullish.
Alisa Gus is the CEO of the blockchain-based company WishKnish. As their website explains,
“WishKnish is a next-generation unifying ledger architecture built for effortless e-commerce, censorship-free communication, and unprecedented simplicity of connecting legacy e-stores, communities, and enterprise systems in a decentralized world.”
The CEO was recently featured in an article for Finder.com, where she (along with a panel of crypto experts) made price predictions for several popular altcoins –including Dogecoin.
Gus was one of the more optimistic panelists regarding Dogecoin’s future price point. She predicted that a single coin would be worth $0.010 by December 31, 2018.
Along with her prediction, she also added,
“Between the number of fans and the price of bitcoin, it’s going to be OK. However, the market is doing.”
Gus’s forecast provides folks with an optimistic outlook for Dogecoin, from a credible member of the blockchain community.
Using what they refer to as “smart technical analysis” the website WalletInvestor.com offers forecasts for just about every altcoin on the market. The cryptocurrency prediction site provides several price charts and updates every few minutes.
At press time, their one year forecast for Dogecoin is $0.00376. Wall Investor also claims that the token could be worth as much as $0.00868 in five years time.
The site states,
“With a 5-year investment, the revenue is expected to be around +280.58%. Your current $100 investment may be up to $380.58 in 2023.”
If the WalletInvestor.com is correct, Dogecoin could provide investors with a nice return in the future.