Will Dogecoin Ever Reach $100?

[rajput]

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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[sair786]

no chance. but in cryptocurrency everything is possible

[Lukasz]

As crazy as it sounds there is no reason that it could not ... JUST FOR FUN becoming the no .1 world crypto currency just as a joke or just to commemorate first humans on MARS or establishment of DOGE banner on the MOON 

[AlviNess]

Dogecoins are far from worth it, so I'm wondering if it could go up to a dollar. Because dogecoins are already in a much worse position. I can't say if the doge coin will go to $100 but I hope the dogecoin will touch  $1 soon. Because the market for dogecoins has been in a bad position for a long time.

[saidul2105]

Dogecoin is one of the most important coin in crypto market.  It is very valuable coin in cryptocurrency market. A few days ago it’s price was dumping a little bit. But now it’s price is growing up. I hope it will touch a new ATH within this year.             

[mahadev]

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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Will Dogecoin Ever Reach $1?
Next article
Can Dogecoin Reach $1000?
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Will Dogecoin Beat Bitcoin?

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Is Dogecoin Considered A Stock?

Is Dogecoin Faster Than Bitcoin?

Why Dogecoin Not Going Up?
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info.  https://provscons.com/will-dogecoin-ever-reach-100/

No I don't believe dogecoin will touch 100$.
It's too far if you predict dogecoin will touch 100 USD.
Current doge price is $ 0.36 .
It will take along years and will need big support from investor and holder to do that.
It is impossible.

[Tnoy30]

Doge is much more popular than unique coins. Currently the most talked about coin in the cryptocurrency market is Bitcoin and Doge coin. In a short span of time, the popularity and price have increased a lot. Because the control of the cryptocurrency market is now in the hands of rich people. Especially Elon Musk's various positive news is the reason for the improvement of Doge coin.

[neocrypto90]

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

[Mayajal]

Yes, brother, I agree with your post.  Because the rate at which doge coins have started to increase, if it continues to increase for a few more days, then the price of doge coins will be above 1 dollar.  This is the first time that doge coins have risen so much in cryptocurrency.

[HeartBit143]

Dogecoin is a good coin in cryptocurrency market. It is a huge popular coin in crypto world now. At present it’s price is growing up at a high rate. I think it will touch 5$  at the end of this year.  So hold it and get good profit in future.                                 

[neocrypto90]

Yes, brother, I agree with your post.  Because the rate at which doge coins have started to increase, if it continues to increase for a few more days, then the price of doge coins will be above 1 dollar.  This is the first time that doge coins have risen so much in cryptocurrency.

I do not agree with you at all, I think pumping DOGE Coin and Shiba Inu will ruin the market, it will give a bad image to non crypto believers that crypto is not a real market.

[msz900]

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.

[Zero0]

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.

[Freemind]

$100?. Doge hasn't hit $1 yet and people are thinking of $100?. I think to get to $100, Elon Musk still has to write a lot of nonsense on Twitter to get people to believe that Doge is the best cryptocurrency in the world and that by buying it they could be as millionaires like him. I also think it would take a miracle and a video of Trump on the beach wearing a bikini .

[ttcsalam]

Dogecoin is one of the most important coin in crypto market.  It is very valuable coin in cryptocurrency market. A few days ago it’s price was dumping a little bit. But now it’s price is growing up. I hope it will touch a new ATH within this year.           

I agree with you but I don't know why it is a very important coin but if Elon continue to try marketing then it will hit a very good position as soon as possible. so we are waiting for this seasson.