Is Dogecoin Making A Comeback?

[Leonardo]

In every market slaughter, there are some winners. Those with sell orders over 50 satoshi on Dogecoin may have noticed their sales went through recently.

Demand for Dogecoin has seemingly picked up whilst the rest of the market was on a sell frenzy. The Dogecoin price went up about 6 Satoshi in the last 48 hours, with more than $11 million in total trade volume, a gain of more than 10%.


Courtesy: coinmarketcap.com


Dogecoin is an oft-forgotten coin, although it is accepted by several major providers and is traded on every respectable altcoin exchange. The coin was born of the meme culture of the early 2010s and its only primary differences to Bitcoin are that it is inflationary in nature – it will never stop producing new tokens – and it uses Scrypt, the same hashing algorithm as Litecoin.

In the early days of its community, Dogecoin achieved some interesting marketing feats, including sponsoring a professional race car driver and a lunar rover.

The explanation for the increase in price may not be demand, exactly. It may rather be a correction on the part of sellers who are trying for a USD figure – as the price of Bitcoin goes down, necessarily the amount of satoshi a given altcoin is valued at must go up for the price to remain “stable.”

Still, the market downtown as a result of Big Bitcoin’s tanking illustrate how the majority of cryptocurrencies still rely on Bitcoin for liquidity and valuations. There is a possibility that in the coming years, Stablecoins will become the new metric by which most altcoins are judged, fulfilling the prophecy of full-scale divorce of cryptos from the necessary Bitcoin pricing. If or when this happens, the actual value of tokens will be more clearly expressed. Currently most or, really, all calculations are relational to the Bitcoin/fiat markets, and as such it’s hard for something like Dogecoin, which finds its best use case in tipping and microtransactions, to truly find their value.

In some cases, Dogecoin or Litecoin are the best way to make withdrawals from exchanges which have high fixed fees for Bitcoin.

Whatever the case, the price of Dogecoin will always have to answer to its mammoth supply. A fast-moving, always-on public blockchain could see some use in the tokenization of all the things, but no one to our knowledge has pursued anything like that yet.

Source: https://www.ccn.com/is-dogecoin-making-a-comeback/

[chaves05]

this year, doge prices will be stable at 50 sat. believe it or not, but I'm sure doge can increase next year. Doge is available at a large exchange. that's what makes doge prices stable.

[unreborn]

I hope the doge price can rise at the beginning of the year, if it's not wrong the price of yesterday reached the peak of 170 satoshi is really unexpected..

[Bilqist]

this year, doge prices will be stable at 50 sat. believe it or not, but I'm sure doge can increase next year. Doge is available at a large exchange. that's what makes doge prices stable.

yes i agree with it it will stable at 50 to 80 satosi. May be it will increase at Christmas and new year holiday. If not increase say good bye to bull run

[Theroyals]

The new possibility in 2020 the Dogecoin price will be able to penetrate the highest price. For now the movement still does not look going on again. As with other crypto, the price movement has not visible significantly.

[meale]

I think .Dogecoin is an oft-forgotten coin, although it is accepted by several major providers and is traded on every respectable altcoin exchange. The coin was born of the meme culture of the early 2010s and its only primary differences to Bitcoin are that it is inflationary in nature – it will never stop producing new tokens – and it uses Scrypt, the same hashing algorithm as Litecoin.

[Hadley]

In my opinion I think not this year because we’re under the bear trend now. But next year is possible for Doge to climb higher into the top crypto currencies

[Pipih13]

I believe that in the next year Dogecoin will have a pretty good improvement, if in the current year I don't think the condition is too good now and it tends to be unstable, it will take 1 to 2 years to get back up.

[casas]

Still, the market downtown as a result of Big Bitcoin’s tanking illustrate how the majority of cryptocurrencies still rely on Bitcoin for liquidity and valuations. There is a possibility that in the coming years, Stablecoins will become the new metric by which most altcoins are judged, fulfilling the prophecy of full-scale divorce of cryptos from the necessary Bitcoin pricing. If or when this happens, the actual value of tokens will be more clearly expressed.

[Meysa123]

it is a very good thing, and I strongly believe that dogecoin is a very good coin and has the potential for a place of future investment.

[kent47400]

it is a very good thing, and I strongly believe that dogecoin is a very good coin and has the potential for a place of future investment.

I don't believe in DOGE for now because DOGE is very expensive to buy. LOL
If DOGE returns to the price of 30 Satoshi then I believe to buy it because it's sold at 30 satoshi and it's already 25% profitable.

[Hadley]

I don’t think so soon like that because we’re still in the downtrend market and Dogecoin hasn’t show any confirmation of breaking through this trend

[Bilqist]

Dogecoin no stable no volatile. Wait until new year's, if you have not used money, that time to buy dogecoin and hold it until the price pump.

[juv3ntus1]

No i don't think this will happen,dogecoin team don't announce any great news or upgrade,probably will go up but a very short period,doge is a pump and dump coin.

[Akhmad Sapei]

I will return for quite a long time, in my opinion, even though it will return to pump only for a short time and it will happen very briefly, if you want to save, pay attention to the purchase price and the advice I bought at the lowest price.