This post was most recently updated on April 28th, 2020
At this moment Dogecoin is one of the oldest cryptocurrencies present in the crypto market, DOGE was launched in 2013. At that time no one takes this coin seriously and now this coin has become one of the most valuable cryptocurrency. In the year 2020, Dogecoin Price Prediction has got very high market value and that’s the reason that it has grabbed the attention of many investors and traders.
Now, most of the new investors will have few questions in there that is it worth investing in DOGE or what is the future of DOGE. So let’s discuss in detail about this coin figure out some pros and cons of Dogecoin.
- 1 What is Dogecoin (DOGE)?
- 2 Dogecoin (DOGE) Price Prediction 2020
- 3 Dogecoin (DOGE) Price Prediction 2023
- 4 You May Also Like: Swipe (SXP) Price Prediction 2020, 2025 SXP Realistic Future Forecast
- 5 Dogecoin (DOGE) Price Prediction 2025
- 6 Is Dogecoin (DOGE) a Good Investment Option?
- 7 Dogecoin (DOGE) Price Future Forecast
- 8 Where to Buy Dogecoin (DOGE)?
- 9 How to Buy Dogecoin (DOGE)?
- 10 Where to Store Dogecoin (DOGE)
What is Dogecoin (DOGE)?
Dogecoin is the decentralized platform that allows its users to send money in the form of digital currency online very easily. Nowadays many of the retailers accept their payment in the form of Dogecoin. The name of this coin was given after the dog name and Shiba Inu is the Japanese breed of dog features in the mascot of the coin. This is another reason behind the popularity that they have got on social media. This coin was launched in 2013, and in the initial phase, this coin was rewarded to the users who are sharing funny memes and creative content.
Initially, no one was taking this coin seriously but suddenly this coin starts performing well and now it’s among the top 30 cryptocurrencies in the market. Also, this platform is user friendly and fun-based this image of DOGE helped them to get the attention of many investors and create a big community. This platform has fewer transaction fees; it is irrespective of the amount that you transfer you will get charged only 1 DOGE which is good for all kinds of transactions.
Another thing that makes DOGE different from other cryptocurrencies is that the starting mining period is very fast, the new block is created within 1 minute. On the other hand, Litecoin takes 2.5 minutes to create a new block which is slower compared to DOGE. Also, Dogecoin is one of the simplest coins to mine.
|Market Cap||$240,319,788 USD|
|Total Supply||124,164,498,192 DOGE|
|Highest Market Price||$0.018773 USD|
|Lowest Market Price||$0.000085 USD|
|Launch Date||16 December 2013|
Dogecoin (DOGE) Price Prediction 2020
At this moment Dogecoin is one of the trading cryptocurrencies and has become very critical in the market also according to the experts you will get high value if you invest in this coin in 2020. People started noticing the DOGE in the middle of 2019 and they started realizing the worth. Now as the Indian government has lifted the ban over all the cryptocurrencies, DOGE has got the benefit of this thing. Immediately after this incident their prices were hiked and reached $0.03417 which is recorded as the highest Dogecoin Price Prediction in 2020 so far. Almost after the struggle of eight months, they have reached to this point.
As per the experts, in the upcoming few months DOGE has very high chances of moving upwards by more than half-cent. Another good thing happening for Dogecoin is that few merchants like AllGamer.net, eGifter and many other online stores have started receiving payment for services and goods. Also, this coin is getting closer to some well-established cryptocurrencies like Tron and IOTA. So as per Dogecoin price prediction 2020, this coin will reach up to $ 0.0208 by the end of this year. Also, there are chances that it may cross $0.03 if everything goes into its favor.
|Month & Year||DOGE Price Prediction|
Dogecoin (DOGE) Price Prediction 2023
Even though the performance of Dogecoin is not that impressive in the current year 2020 but it is a really good option for long term investment. In recent times we have seen growth in the meme industry and this will continue in the future for sure. Few of the memes will get appreciated by the internet users and dogecoin will be rewarded to them. This will result in the fluctuation in the market cap of DOGE.
You May Also Like: Swipe (SXP) Price Prediction 2020, 2025 SXP Realistic Future Forecast
According to the experts, at this moment Dogecoin is the profitable investment option available in the crypto market. Also at this moment, it is very popular in the market and now investors have started taking this coin seriously. As per our Dogecoin Price Prediction 2023, this coin will reach the price of $0.034 by the end of 2023.
Dogecoin (DOGE) Price Prediction 2025
According to the experts in the upcoming 5 years, Dogecoin will reach to mark of $0.04, so it’s a really good option for long term investment. In the upcoming five years there are very fewer chances that this coin will get a crash but there are many chances that this coin will get a big hike in its prices. Just there are few things where they need to work on to make a big impact in the upcoming years. In the next 5 years, Dogecoin might reach $0.04 which is a great sign for the investor and traders.
Is Dogecoin (DOGE) a Good Investment Option?
When it comes to discussing “is DOGE a good investment option” then the best way to answer this question is, it depends on when the investor in buying the DOGE and when they are selling it. If they are purchasing it at $0.001942 and sell it for $ 0.001453 then it will be a terrible investment. So before investing first of all you have to study the behavior of the coin in the last few weeks. But still, we think that it’s not too late to invest DOGE still you have got the chance. And if you invest at this moment where the market is low, the chances are high that you will get a good return when the market gets to the peak.
Pros of Dogecoin (DOGE)
- The first and most important advantage of DOGE is that it’s remarkably faster than other altcoins. DOGE takes only one minute to create one block whereas litecoin takes 2.5 minutes to do the same job.
- The second biggest advantage is that it has very low transaction fees so it’s suitable for regular use.
- Dogecoin has a very strong community on social networks like Reddit and Twitter.
- DOGE is acceptable on most of the platforms.
Cons of Dogecoin (DOGE)
- Dogecoin has less security compared to the other altcoins so this may affect their future.
- The mining of Dogecoin is non-profitable because of it is a proof of work coin.
- Doge is comparatively less stable crypto in the market also it is a less mature coin.
Dogecoin (DOGE) Price Future Forecast
Right from the start of its journey Dogecoin has got support in the form of donations and charity which helps them to recover from the crises many times. Also, it gets support from the Reddit community which allows them to share content and memes on their platform. As we all know Reddit is popular among the people right from its launch which results in people started following the Dogecoin community on this platform. Also, they have started getting millions of active followers on this platform and many of them became their users.
But suddenly their followers stared loosing and which results in the price drop of Dogecoin and during this period many of their users got disconnected from their community. Also, the searches of Dogecoin on Google get dropped by a huge number. So if Dogecoin wants to make a strong comeback in the market then they need to focus on this thing.
Where to Buy Dogecoin (DOGE)?
There are a few platforms available where you can buy Dogecoin very easily and so you just need to go there and buy it.
How to Buy Dogecoin (DOGE)?
Sometimes it’s a difficult task to buy any cryptocurrency if you haven’t bought it before, it gets tricky for you for the first time. But here we have listed some of the best platforms where you can buy DOGE very easily. After going through this list all your questions related to how to buy DOGE will get solved so please read carefully. There is an option available for you to choose from.
You can buy Dogecoin with USD
You can buy Dogecoin with Credit Card
You can buy Dogecoin with PayPal.
Where to Store Dogecoin (DOGE)
There is plenty of option to store your Dogecoin here are some of the best and top-rated wallets where you can store your DOGE.
- Hardware wallets for Dogecoin
- Ledger Nano X
- Ledger Nano S
- Android and iOS wallets for Dogecoin
- Desktop wallets for Dogecoin
- Dogecoin wallet
- Web Wallets for Dogecoin
- My Dogecoin Info