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Can Dogecoin Reach $1 Per Coin? - The MOST ACCURATE Dogecoin Price Prediction

Can Dogecoin REALLY Reach One Dollar Per Coin? And, if so, when?

There’s NO doubt Dogecoin will reach $1 within the next few years. But Dogecoin holders have to be patient about it. It’s not going to happen overnight. There’s a saying: the stock market is for circulating money from the impatient to the patient.

Let’s explain why I believe Dogecoin will reach $1.

Those who believe that Dogecoin will never reach $1/coin says that Dogecoin has too many tokens in circulation and has a 5 billion per year coin supply for eternity. As a result, Doge is inflationary, loses value over time, and worse crypto.

Many of the critics forget that the world’s second popular cryptocurrency Ethereum also has an unlimited supply. However, no one attacks Ethereum for having an endless supply because many people are already invested in this coin.

Furthermore, we have to remember that not all Bitcoin is in circulation. There will be a total of 21 million Bitcoin. So far, only 18 million Bitcoin has been mined. Therefore, if people stop buying Bitcoin today, Bitcoin will automatically lose value over time. Until all the Bitcoins are mined, this crypto also has inherent inflation.

Those who are following cryptocurrency since 2009 consider themselves crypto veterans. I have met many. Some of them are immensely arrogant. According to them, Dogecoin is the worst cryptocurrency on earth, and it has no future. They say Doge is nothing but a pump and dump coin. It’s a second-tier cryptocurrency.

They say that this coin has no use case except for online tipping. No one accepts it; so, Dogecoin will vanish. According to them, this coin will never reach $1.

But I disagree with them.

The first criticism of Dogecoin is, there are around 130 billion Dogecoin in circulation. Each year, 5 billion more coins will be added to the Dogecoin network by miners. So, critics argue that there’s no way Dogecoin will reach $1 per coin. However, if you analyze closely, you can see that there’s a very high probability that Dogecoin will not only reach $1, it may even reach $10 per coin in this decade.

There are 18 million Bitcoins in circulation. The current market cap is around $900 billion.
Ethereum’s current market cap is about $200 billion. On the other hand, Dogecoin’s current market cap is around $10 billion.

So, if Dogecoin reaches $1 per coin this year, the market cap would be around $135 billion. Compared to Bitcoin and Ethereum market cap, it’s nothing.

Dogecoin is more functional than Bitcoin. As Bitcoin has a limited supply and its price is increasing steadily, nowadays, people buy and hold on to this coin for profit. Moreover, over the years, we found that Bitcoin is not the best crypto for online retail transactions. The transaction fee and time are high compared to Dogecoin. So, the price of Bitcoin will continue to rise until the drawbacks outweigh the benefits of these coins.

Dogecoin is fast, has a cheap transaction fee. Therefore it’s far more useful for retail transactions.
Bitcoin has the largest community. Dogecoin is the second largest crypto community on earth. Therefore, there’s no doubt Doge would become a major crypto in the world.

Every day new businesses are accepting Dogecoin. As we move forward and more people get to know about this coin, acceptance would rise.

If Doge becomes the de facto crypto of the internet, a $1000 billion market cap is a matter of time. Therefore, $10 per Dogecoin is achievable within this decade.

Moreover, many criticize Dogecoin for having inflation. But they don’t realize, this inflation reduces each year and eventually will become 0.

In conclusion, most of the criticism of Dogecoin is not valid. It has a massive following that will make this coin successful. Soon, Dogecoin will overtake Ethereum and other cryptos. As a result, Dogecoin will eventually reach $1 and get to $10 within this decade.

So with that said, you guys, thank you so much for watching. I really appreciate it. As always make sure to Subscribe and hit the Notification Bell.

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Dogecoin, the internet currency. We'll see you on Mars, with Elon.

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Dogecoin, the internet currency. We'll see you on Mars, with Elon.

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