by Rushali 
Cryptocurrency is the future of the currency market. The whole world is enjoying the current bull run of cryptocurrencies. That was fueled by institutional investors. Not only bitcoins almost every kind of cryptocurrency is enjoying the bull run.
Bitcoin is the most popular and widely used cryptocurrency but that doesn’t mean that it is the only cryptocurrency that is having a bullish run. There are others as well like Ethereum, Litecoin, Dogecoin, etc.
This article will fully focus on dogecoin.
Dogecoin is one of the most trendings cryptocurrencies, and it is also making its own space in the market. It was even promoted by many big celebrities like recently Youth icon and Tesla’s CEO Elon Musk tweeted in support of it and that given it a bullish jump in prices. Then Angela White has tweeted that she is holding her dogecoin since 2014 and the price of the cryptocurrency nearly doubled.
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Let’s start with understanding the meaning of Dogecoin :
What is Dogecoin?
Dogecoin is a cryptocurrency based on decentralized technology and allows users to send money online easily. You will be surprised to know that it was initiated as a joke. But today it has reached so far in its journey. It is even used by retailers as a payment option. Its logo is a dog that acts as a friendly mascot to the people. Its logo is a likable factor among the youth. The dog is a Shiba Inu that is a Japanese breed of dog and was famous as an internet meme.
It was started in 2013, and still, in the market it itself shows its potential. In these years Dogecoin has earned a credibility factor that many other cryptocurrencies don’t have. It is one of the top 30 cryptocurrencies by market capitalization.
Now as we have understood about the dogecoin, so now let’s move to future predictions on the dogecoin.
- Future prediction
The cryptocurrency market is a very volatile place and it is really hard to predict anything in the market but still let’s try. Today it is trading at 0.052.
Experts believe that that it might reach $0.0032 and in the coming 5 years, it can touch $0.0119.
- Price prediction for the year 2025
5 years from today, we can accept that if the market will be normal and cryptocurrency also didn’t face any issues then it could reach $0.04, or with support from big investors, it could reach $0.05.
- Price prediction for the year 2030
If we go by its charts then dogecoin has a great potential that it can outperform many other cryptocurrencies. It can reach $0.2. And if it has some partnerships with some big firms then its price will skyrocket.
- Price prediction for the year 2040
Around two decades from now is a long time to go. Nobody can predict what will happen 2 days after, how can we predict what will happen after 2 decades. But we can say that dogecoin could be included in the top 5 cryptocurrencies of the world. The price can be around $2.
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Note- All these predictions are just point of view. This article doesn’t guarantee any price movement. We don’t take any responsibility for any kind of profit or loss and don’t give any kind of investment tips. Invest at your own risk.
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