What is dogecoin?
Dogecoin (DOGE) is based on the popular "doge" Internet meme. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
The total supply of $DOGE is 143.2 Billion coins, with the total supply unlocked, with a $14Billion Market cap. Doge it the TOP 1 meme coin by market cap. In the top of DOGE price the market cap was $84Billion. So if DOGE reach that market cap again it will cost 0.60$, with a 6x ROI from the 0.0975$ price.
So is there any possibility to DOGE reach 1$, 3$ or 5$?🚀
DOGE needs $143 Billion market cap to reach 1$
DODE needs $429 Billion market cap to reach 3$
DOGE needs $715 Billion market cap to reach 5$
That numbers are big for meme coins, but we don't now what to expect on this Bullrun. But the probability to reach 1$ is low. Because even the top projects like SOL, XRP, SOL, BNB and ADA never reached more then $120Billion market cap.
So what price to expect?🔥
It will probably reach the same market cap or a little bit more, so let's suppose that it will reach $100Billion market cap, DOGE will have a 0.7$ price per coin, with a 7x ROI from now. What is low due to the high risk of loosing money on this type of coins.
IF YOU SEE SOMEONE TELLING YOU THAT IT WILL REACH 3$, 5$ 10$, 100$ OR EVEN MORE WITHOUT ANY GOOD ARGUMENTS JUST AVOID THEM!!! THEY WANT TO DECEIVE YOU!
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