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Author Topic: Will Dogecoin Ever Reach $100?  (Read 6598 times)

Fariwala

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Re: Will Dogecoin Ever Reach $100?
« Reply #75 on: October 20, 2021, 12:58:55 PM »



There’s a high probability that Dogecoin will reach $1 per coin. $10 per Dogecoin is also likely within this decade. However, it’s impossible that Dogecoin will ever get to $100 per coin. Let’s explain.


Unlike other cryptocurrencies, Dogecoin doesn’t have a cap. In order to keep the network secure and operational, there’s always an incentive of 5 billion coins per year for miners. By the end of 2030, there will be 180 billion Dogecoin in circulation. If Dogecoin reaches $1 valuation per token, the total market cap of Doge would be $180 billion. It’s not that crazy high.

There are currently around 18 million Bitcoins in circulation, and it has a market cap of about $900 billion. The second-largest crypto Ethereum has a market cap of $200 billion. Similar to Dogecoin, Ethereum also doesn’t have a coin cap.

Over the years, Bitcoin and Ethereum have shown its strength and weaknesses.



Nowadays, Bitcoin is considered as an asset, an investment vehicle to grow money. Therefore, people now buy Bitcoin and hold on to it.

The transaction cost of Bitcoin is rising steadily. It’s already prohibitively high enough to be useful for daily retail transactions. Ethereum’s transaction fees are also high.

On the other hand, Dogecoin has promisingly low transaction fees. Moreover, as there are 5 billion coins per year for miners, the Dogecoin transfer fee will remain low. Furthermore, Dogecoin transfer time is 10x faster than Bitcoin.



So, there’s the tremendous growth potential for this coin. A market cap of $180 billion is not impossible. Therefore, $1 per Dogecoin is not a pipe dream. However, $100 per Dogecoin is quite unachievable. Let’s explain.

The US has a GDP of around $21 trillion, and China has approximately $15 trillion. If we sum up all the countries’ GDP, the total GDP would be $87 trillion.

Source: https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/



For each dollar increase in Dogecoin price, the market cap would need to rise $180 billion. So, for $100 per Dogecoin, the total market cap of Doge would be more than $18 trillion, greater than China’s economy and almost equal to the US economy. It’s absurd.



Many people don’t trust the US government. As treasury printing money, the government adding debt recklessly, and inflation soaring, many are dissatisfied. They want a financial system that is independent of any government control. That’s why over the years, Bitcoin and other cryptocurrencies became popular.

Still, the regular currency has superior use cases and functionality than cryptocurrency. Wider acceptance, faster and easier transfer are a few of them. Our whole economy revolves around traditional money. On the contrary, cryptocurrency is still in its infancy. Only a few people know about it, and it isn’t widely accepted. Cryptocurrency is also highly volatile.

Nevertheless, Bitcoin, Ethereum, and other cryptocurrencies have shown great potential. But still, it’s not enough to replace the US dollar.

There are hundreds of cryptocurrency. Every coin has pros and cons. Therefore, it’s tough to predict which one will become mainstream cryptocurrency. Even if single crypto becomes the world’s de facto crypto still, there’s no possibility that Dogecoin will ever become more valuable than China’s whole GDP. It doesn’t make any sense.



Therefore, Dogecoin will never reach $100 per coin. However, from our experience with Bitcoin and Ethereum, we expect that Dogecoin will reach $1 because it has far more potential than Bitcoin. Even Tesla and SpaceX CEO Elon Musk believes that Dogecoin is underestimated. Elon Musk is the founder of X.com, which later became PayPal. Therefore, he knows what he is talking about.


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Everything is possible in crypto, but to be honest, I think Dogecoin coin harms the crypto world, when someone who doesn't know crypto wants to learn about it, he will consider crypto after seeing projects like Doge and Shiba inu as an amateur market, thatswhy I do not think Doge will reach even 2usd .  No matter what position dogecoin is in now, I firmly believe that Dogecoin's future is bright. Dogecoin is now listed on the number one crypto platform Binance. Dogecoin is now a very important crypto. I am very optimistic about Dogecoin. I agree with you. Everything is possibility in this crypto market.
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Re: Will Dogecoin Ever Reach $100?
« Reply #75 on: October 20, 2021, 12:58:55 PM »


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Re: Will Dogecoin Ever Reach $100?
« Reply #76 on: October 20, 2021, 06:18:12 PM »
Up to such a price Dogecoin is unlikely to reach due to the large volume of coins, most investors were already amazed that its price increased so much. If even more people use this coin, then there is a chance that this project will grow to such a price.

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Re: Will Dogecoin Ever Reach $100?
« Reply #76 on: October 20, 2021, 06:18:12 PM »
:)

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Re: Will Dogecoin Ever Reach $100?
« Reply #77 on: October 21, 2021, 05:54:08 AM »
Doggy coins are currently in a much better position.  Because the doggy coin is much better than the unique coin in the position it is in at the moment so one dollar must do at present.  Because as the price of all coins in the cryptocurrency rises, so does the price of doggy coins.  Cryptocurrency All markets are moving upwards.
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Re: Will Dogecoin Ever Reach $100?
« Reply #78 on: October 21, 2021, 11:13:01 AM »
We see the future of Dogecoin is very good because the price movement of Dogecoin which is currently still cheap should be used to buy as much as you can because when the price goes up it will make you regret not participating and not being able to get a profit.We can told undoubtedly the future of Doge coin is bright. It is one of the best coin in cryptocurrency market. Doge coin already created his popularity. Now doge coin is huge popular. Now it's position in top 10 in coinmarketcap and others cryptocurrency market. Huge volume right now. Doge coin created his own filed. In future Doge coin will more popular .....
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Re: Will Dogecoin Ever Reach $100?
« Reply #79 on: October 23, 2021, 03:29:16 AM »
I don't think because it did not touch the $1 target which is almost completed and expecting $100 from a coin like Doge is not possible Although XRP can be able to get the $100 target.
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Re: Will Dogecoin Ever Reach $100?
« Reply #80 on: October 25, 2021, 05:30:11 AM »
I don't think because it did not touch the $1 target which is almost completed and expecting $100 from a coin like Doge is not possible Although XRP can be able to get the $100 target.

Yes, dogecoin didn't touch 1$ ever.
I also don't believe dogecoin will touch 1$, Although there is famous person behind this coin and support this coin.
But by seeing fundamental of this coin, I think It will never happen.

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Re: Will Dogecoin Ever Reach $100?
« Reply #81 on: October 25, 2021, 02:38:17 PM »
Currently, the state of cryptocurrency markets is constantly reflecting on the good. And as the value of Bitcoin has risen, so has the value of all other coins. But in a few days I think the price of doge coins will go around $1. And Doge Coin is expected to go up to a $100 dollars in the future.
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Re: Will Dogecoin Ever Reach $100?
« Reply #82 on: October 26, 2021, 09:32:39 PM »
Currently, the state of cryptocurrency markets is constantly reflecting on the good. And as the value of Bitcoin has risen, so has the value of all other coins. But in a few days I think the price of doge coins will go around $1. And Doge Coin is expected to go up to a $100 dollars in the future.
It is a very beautiful dream for Dogecoin holders if the Doge Price can reach $100 in the future. 
I can't imagine if the price of the Doge could reach $100, that would be such an incredible feat. But that seems impossible.

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Re: Will Dogecoin Ever Reach $100?
« Reply #83 on: October 27, 2021, 12:03:13 PM »
I think that people who expect Doge to reach $100 have not stopped to calculate how much money it would take to get it. Its value at the moment is $0.2359, and I personally think it is too high a value for a coin that does not contribute anything to the industry or the crypto ecosystem. I know anything can happen in crypto, but no, I don't think Doge will hit $100, it is impossible for the amount of money that would be necessary.
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Re: Will Dogecoin Ever Reach $100?
« Reply #84 on: October 27, 2021, 10:32:57 PM »
if more famous people such as Elon Musk praise her, for her own benefit, then of course she can achieve any goals, this is a matter of time

The Professor

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Re: Will Dogecoin Ever Reach $100?
« Reply #85 on: November 01, 2021, 02:02:54 PM »
I think that people who expect Doge to reach $100 have not stopped to calculate how much money it would take to get it. Its value at the moment is $0.2359, and I personally think it is too high a value for a coin that does not contribute anything to the industry or the crypto ecosystem. I know anything can happen in crypto, but no, I don't think Doge will hit $100, it is impossible for the amount of money that would be necessary.

I think the expectation is too high, Current dogecoin price is $ 0.,27.
We must calculate how this coin will reach 100$.
what the project of this coin ??
I think this coin just depends on famous person such as Elon musk to promo this coin

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Re: Will Dogecoin Ever Reach $100?
« Reply #86 on: November 02, 2021, 08:46:25 AM »
if more famous people such as Elon Musk praise her, for her own benefit, then of course she can achieve any goals, this is a matter of time
No. You know $100 is expensive value  per memecoin. Not worth it for $100 if dogecoin will remain in memecoin categories. If elon and dogeteam  will collaborate to make something useful usecase for doge. Maybe $100 is possible in the long run.

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Re: Will Dogecoin Ever Reach $100?
« Reply #87 on: November 02, 2021, 02:09:28 PM »
Obviously, it will Hit that Price. But the main thing is that when will it hit that price. I think it will hit that price in the next year. The price of many coins goes high when the price of bitcoin is high and I think that the price of this coin also goes high when bitcoin goes high. We can just expect. I think the expert can tell more confidently when it will hit that price.

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Re: Will Dogecoin Ever Reach $100?
« Reply #88 on: November 03, 2021, 08:12:07 PM »
dogecoins to $100!! it's really impossible because the total supply is very large and the development is not clear. but if the price of bitcoin reaches $ 1 million then the possibility of the price of dogecoin to $ 100 is very large.

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Re: Will Dogecoin Ever Reach $100?
« Reply #89 on: November 04, 2021, 04:01:16 PM »
dogecoins to $100!! it's really impossible because the total supply is very large and the development is not clear. but if the price of bitcoin reaches $ 1 million then the possibility of the price of dogecoin to $ 100 is very large.
When bitcoin hits the million dollar price, I don't think a meme coin like Dogecoin will ever live to see it. We see that Dogecoin has already started to lose value, however, as well as SHIBA. One has only one time for these coins to seriously fall in price and they are unlikely to rise to their previous levels. It is almost impossible to re-raise the same excitement around them. With the current price of 26 cents and, most importantly, the current situation, I do not think that Dogecoin will be able to rise in price even to one dollar, especially to one hundred dollars.
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