DOGE spiked by almost 20000%, Will Elon Musk be able to take it to the moon
The dog is a cryptocurrency born with a meme called doge also known as Shiba Inu joke. although it starts as a joke this meme Currency can overtake lots of well-established major cryptocurrency projects like Cardano, XRP, lite coin, and Tether (USDT),
This coin has 127 Billion supply and because of that, the coin is also called inflationary cryptocurrency. Despite the fact that this coin started with a joke. Dogecoin has its own value. like,
very fast transaction time
very fair value to purchase and store
a very small amount of transaction fee
high block-maintained Rewards (10,000 Doge)
Talk about the creation of Dogecoin, the deduction is founded by Billy Markus and Jackson Palmer using the same protocol which uses in bitcoin. But the most of its values are shared by the Lite coin. now it has over 12.6 trillion of market capitalism.
This certain cryptocurrency is now trending on any given social media because it attracted by the well-known entrepreneur Elon musk also known as real-world Iron Man. From his continued support, the Dogecoin has been reached almost the $0.73 mark. the dogecoin hype is mainly run through the support of most the online influencers
And the start of this year the Doge father Elon musk continuously tweeted about the Doge and that rally leads to skyrocketing its price by more than 26,000% in the last 6 months of the period. Dogecoin has listed in many of the famous crypto exchanges and wallets. And few individual business entities are started to accept doge as a payment method.
Doge investors have very ambitious future news yet to come like, Elon Musk state that he is going to literally send physical Dogecoin to the Moon with one of his mission called the DOGE-1 satellite program in the first quarter of 2022. And also, if tesla or any of Elon’’s companies started to accept Dogecoin as a payment method it will be a massive uplift for dogecoin and the other cryptocurrency as well.
Considering all factors, like market capacity trend and lots of fair prediction the reasonable and most realistic price prediction for the dogecoin for the next five years as follows.
· End of 2021 $1
· In the year 2021 $1.5
· In the year 2026 (within the next five years) $5
Diduranga Weerasinghe
B. COM (Specialized in Business Technology)
Freelance Graphic designer/Videographer
Social Media Strategist
