The Bitcoin Strip may appear to be Bitcoin besotted, but the truth is that any cryptocurrency catches our interest. One of the latest crazes to come about is the offer of Dogecoin, which is a digital altcoin known for its similarities to the successful Bitcoin alternative, Litecoin. From where it came from to where it’s heading, this article will provide you with everything from Dogecoin price prediction to the best exchange apps to get started.
Dogecoin started off from humble beginnings, and in the short time of operations, it managed to go from starting as a joke on Reddit to recently the stocks surging 600%. With a peak in interest and high potential to earn returns, Dogecoin has quickly caught the attention of many crypto enthusiasts.
The industry is growing at a rapid pace, and with the growth comes a spike in the Dogecoin price. Other cryptocurrencies to experience the increase in activity include Bitcoin, Litecoin, and Ethereum. To make sure you are aware of the behaviors of the market, we would recommend keeping on top of the Dogecoin price as well as all Dogecoin news; this will allow you to make the most informed decision about your next move. Keep reading this article to learn more about Dogecoin price prediction and where it has come from and where it’s heading.
Dogecoin is unlike any other crypto on the market, and that goes for its mechanics and its history. Launched initially as a joke by Australian entrepreneur Jackson Palmer and software engineer Billy Markus in early 2013 on a platform called Reddit.
The start of the project came about when Jackson Palmer had two tabs open on his computer simultaneously. One being a list of cryptocurrencies recently released on the market, and the other being, what is now the face of Dogecoin, the Japanese Shiba Inu. In a moment of comical relief, Palmer jokingly posted on Twitter, “Investing in Dogecoin, pretty sure it’s the next big thing.” and just like that, Dogecoin news was front page.
Although there wasn’t a huge success at first, the Dogecoin price quickly picked up when the boom of 2018 took hold, bringing it to a global level. Another key point is the Dogecoin price is subject to inflation, as there are five billion Dogecoins will enter circulation each year.
Dogecoin news seems to be more and more common, and with the digital coin piquing the interest of some prominent figures, like Elon Musk, we do not see it going away anytime soon. Out of all the conversions, we would recommend keeping your baseline on Dogecoin to USD. The Dogecoin price has increased drastically since its initial introduction to the market. The original Dogecoin to USD rate was $0.00008547 to 1 Dogecoin to an all-time high of $0.7376 to 1 Dogecoin.
As a matter of fact, with any investment, it’s hard to predict the fail-proof value that it will hit, but with industry experts and constant knowledge being gained on the topic of crypto, professionals are becoming better and better at providing Dogecoin price predictions along with other cryptocurrencies.
At the time of writing this article, the Dogecoin price prediction looked beneficial for a long-term investment. For example, if you were to invest $100 in Dogecoin, you would receive 434.384 DOGE. Based on professions forecast, the Dogecoin price will be on the rise, and by 2026 the Dogecoin to USD rate will be $1.438. This means those investors will see a +525.22% return, bringing your $100 investment to $625.22. With such a positive Dogecoin price prediction, it’s clear this is one of the Altcoins to watch.
It is clear that despite the Dogecoin price has been volatile over the years, it shows promise for the future. With the craze of crypto picking up on a daily. The most common way to keep track of the trading price of any cryptocurrency is to pick an exchange app that best suits you. In short, you will need to keep the value monitored by the same currency, ie. Dogecoin to USD.
Dogecoin is known as an “inflationary coin,”. This means that more Dogecoin is added to the mix on a yearly basis. In contrast, like Bitcoin, other cryptocurrencies are known as deflationary because there is a cap to the number of coins created and released. Bitcoin has a halving, which takes place every four years, meaning that its inflation rate is halved, as well as the value of the coins released.
Another notable event to take place in the Dogecoin timeline is in 2014 Dogecoin community donated 27 million Dogecoin to the Jamaican bobsled team, which is estimated to be around $30,000. Later that year, the community then went ahead and donated $11,000 worth of Dogecoin to build a well in Kenya, as well as sponsorship worth $55,000 to NASCAR driver Josh Wise.
Dogecoin is one of the up-and-coming coins in the crypto community, and with the price prediction on the side of the investors, Dogecoin is a perfect alternative to BTC. Created with the benefits of Litecoin and the efficiency of Bitcoin, this cryptocurrency is climbing the ranks with speed. Keep in the loop with the latest Dogecoin price prediction and where it has come from and where it’s heading to be sure you are on the front foot. There are many reasons to buy Dogecoin. Staying on top of the Dogecoin price you will know when to make your next move.
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