Dogecoin cryptocurrency future

Dogecoin cryptocurrency future

Cryptocurrency
January 30, 2021 by Martin Sukhor
89
Dogecoin cryptocurrency is one of the fast-growing cryptocurrency digital currencies, Dogecoin cryptocurrency provides future opportunities that are of high value, according to a pleasant function. At first, Dogecoin was created just for fun, which is a digital currency with a dog image. But along with its growth, Dogecoin has become a digital currency that is
dogecoin cryptocurrency

Dogecoin cryptocurrency is one of the fast-growing cryptocurrency digital currencies, Dogecoin cryptocurrency provides future opportunities that are of high value, according to a pleasant function.

At first, Dogecoin was created just for fun, which is a digital currency with a dog image. But along with its growth, Dogecoin has become a digital currency that is accepted by the cryptocurrency-loving community.

At the time press, the value of Dogecoin reached $ 0.04364, a steep increase of more than 400% in daily trading. Of course, this is something very attractive when traded with high daily volumes.

tenkofx logoBest TenkoFX broker. Good forex Brokers with positive feedback of reviews from users and are regulated by IFSC Belize
Open an account or try a Demo account.

What is Dogecoin cryptocurrency?

Dogecoin cryptocurrency basically functions the same as other digital currencies such as Bitcoin, Ethereum, or LItecoin, is to send money online, think of as internet currency.

This is a cryptocurrency with a decentralized network, a peer-to-peer digital currency that is useful for online sending money.

Token Dogecoin is an open-source cryptocurrency launched in 2013 by Jackson Palmer and Billy Markus.

Dogecoin mascot

shiba inu mascot logo
Doge uses a dog mascot named Shiba Inu which is very popular as a meme online, Shiba Inu refers to a famous Japanese dog breed.
 shiba inu
The Shiba Inu image was later changed using Photoshop which later became popular and was used as a Dogecoin mascot with the nickname Shibe.

Behind the creation of Dogecoin

Dogecoin is probably the only crypto digital currency that was created just for fun.

At first Jackson Palmer, who served as Product Manager of Adobe Inc in Sydney, Australia, to quip the crypto-money frenzy at that time. After a positive response, Palmer bought the dogecoin.com domain.

Dan Billy Markus is a software developer at IBM, Portland, America who wants to make digital money, but has trouble promoting. He then contacted Palmer and created the software behind Dogecoin.

The rise of Dogecoin

Next Markus made a step using coding from Litecoin. Which later Dogecoin was launched on December 6, 2013.

It’s impressive because, in just 2 weeks, its value has increased by 300% as a result of China banning banks from investing in cryptocurrencies.

The community grew and Dogecoin became a kind of Bitcoin in a more consumer-friendly version.

In January 2014, Dogecoin donated 27 million Dogecoin equivalent to USD 30 thousand to fund the Jamaican sled national team to the Winter Olympics in Sochi, Russia.

In March 2014, Dogecoin donated the equivalent of USD 11,000 to build a well in Kenya and sponsored NASCAR racer Josh Wise for USD 55,000.

The fall of Dogecoin

The crypto bubble that all cryptocurrencies experienced in 2017-2018 has also caused Dogecoin to fall in value.

At its peak, Dogecoin was once sold for 18 cents and a market value of USD 2 billion.

Another controversy is that a member of the Dogecoin community named Alex Green alias Ryan Kennedy throws a tantrum with a luxurious life wasting Dogecoin and an exchange called Moolah. Later it was discovered that the money was used to buy Bitcoin and Kennedy was caught in a rape case in 2016.

Dogecoin rise again

Dogecoin could rise again start in mid-2019. At that time Dogecoin was listed on the Binance crypto exchange which is the leading exchange in the world.

Dogecoin has also survived because it is supported by a concerned community using it for digital money related to tips for social media content.

Its market capitalization on December 21, 2020, reached USD 611 million. Tweet from Elon Musk, helping Dogecoin back in popularity.

Where can I buy Dogecoin?

If you are interested in using Dogecoin, whether for donations, payments, or trading, then you are either buying Dogecoin or looking for a way to earn Dogecoin.

Like any other cryptocurrency, you need a Dogecoin wallet to store your Doge. There are mobile and desktop versions that support Windows, Linux, and OS X. While the mobile wallet supports Android. Get Doge wallet through their official site.

How to get Dogecoin?

Apart from buying Dogecoin, you can also get it through website faucets that pay with Dogecoin or participate in the Doge Reddit community to get Doge tipping. Another way to get Dogecoin is by mining, but this requires further knowledge and fairly complex computer equipment.

If you want to get free Dogecoin from Faucet, you can try at Dogefaucet.com and InDogeWeTrust.com.

Buy Dogecoin with Kraken exchanges

Buy dogecoin KrakenKraken is one of the largest cryptocurrency exchanges today, it has gained trust in many countries and accepts flat money payments.

However, to start using the Kraken platform, you must register and get verification of at least tier 1 for deposits with other cryptocurrencies, such as Bitcoin. And to enable flat money deposits you must pass tier 2 verification, where Kraken accepts USD, CAD, JPY, EUR, and GBP flat money.

There is a popular cryptocurrency available on Kraken, while for Dogecoin the symbol is XDG

Visit website.

Buy Dogecoin with EXMO

buy dogecoin exmoApart from Kraken, you can also buy Dogecoin through EXMO. To note EXMO is an exchange launched in 2014 and headquartered in London.

It also includes global exchanges that have penetrated into 200 separate countries.

The platform accepts trades from crypto to crypto, or from fiat money to crypto and vice versa.

For deposit methods, there are several ways that you can choose, either by credit card, either Visa or Mastercard, or wire transfer and SEPA, or using Advcash, Payeer, or SWIFT for USD deposits.

Visit website.

Buy Dogecoin with BC Bitcoin

buy dogecoin bc bitcoinFurthermore, you can buy Dogecoin via BC Bitcoin, this is a UK based exchange that is a subsidiary of J&M Trading Limited.

You can make withdrawals and deposits using any of the available flat currencies
USD, EUR, GBP, AUD, CAD, JPY, MXN, SGD. BC Bitcoin supports bank transfer payments as well as crypto transfers.

This exchange is not available to users from the US, and the trading fees compared to the average exchange are considerably higher. This is probably one of BC Bitcoin’s drawbacks.

Visit website

How to buy Dogecoin cryptocurrency?

How to buy Dogecoin depends on the exchange rules you have selected. But actually, the purchase steps have a similar process.

The first is to register the exchange by filling in the registration form with the correct data. This is necessary for the next verification process, because if you enter the wrong data, the verification process may be rejected.

The next step of the verification process, depending on the rules of the exchange, verification process may be easy on one exchange but difficult on another. For the verification process, you need certain requested document data, such as an ID card, passport, or driver’s license.

How to buy Dogecoin in Kraken

Maybe you chose Kraken as the exchange of choice for buying Dogecoin. There are several steps to purchasing it.

  • Step one is to register an account. In this step, you need an email address and set a strong password for account security. Make sure you type all correct information about your name, address, birth date, country, and residence, etc.
  • In the first step after validating your email, you can actually buy Dogecoin, but with other cryptocurrencies such as LTC, or Dash.
  • Step two, account verification, you need account verification at this step if you want to make a deposit in fiat currency such as USD or Euro. In this step, you are required to send the requested documents which will be manually verified by Kraken support.
  • Step three, deposit money, there are several options for depositing money, but it will also depend on the country’s jurisdiction, if you use Euro flat money you can use SEPA or SWIFT transfers. In several ways a deposit fee is charged, it is important to pay attention to the number of fees that may be charged.
  • Step four, purchasing Dogecoin, after depositing funds in your Kraken account, you can purchase Dogecoin through the platform provided.

Storing Doge

Kraken has actually promised the security of storing Doge on their platform. But for the sake of security, in the long run, we recommend that you store your Doge in a software or hardware wallet, to keep it safer for the long run better to store it in a cold wallet. Because cold wallet not connected to the internet, so will protect from the hacker.

Dogecoin cryptocurrency value

Even though Dogecoin was originally created as a joke, it has a lot of interest in it which has caused Dogecoin’s value to remain fairly stable over the years.

From 2014 to mid-2017 the value of Dogecoin was in the range of $ 0.0001 to $ 0.0003. And only then achieved a sharp increase in value along with the increase in the value of all cryptocurrencies, especially Bitcoin in early January 2018.

The Dogecoin value briefly touched a high of $ 0.015, although it was eventually dropped again by the bubble event.

dogecoin value
Coinmarketcap.

After the bubble, Dogecoin’s value also moved in the low range of $ 0.002 to $ 0.006 until the end of December 2020.

And something surprising happened in early 2021 when the value of Dogecoin jumped more than 300% in a short time.

Even within a year, Dogecoin’s increase reached 500%. From the news circulating that what caused the increase in the value of Dogecoin was a result of increased demand as a result of Elon Musk’s tweet about Dogecoin as his favorite crypto.

At press time, the value of Dogecoin has reached $ 0.05397 with a circulating supply of 128,136,378,598 DOGE and a market cap of $ 5,275,557,586.

Dogecoin cryptocurrency prediction

Dogecoin is a cryptocurrency that has received a positive impression because it is widely used for charity payments. Apart from that, it is also user friendly. But predicting the future value of Dogecoin is a difficult task.

Usually, to predict the future value of Dogecoin, an analyst will use some supporting data. Here are some of the future Dogecoin price predictions.

Coinpedia prediction

2021 price prediction

As early as 2021 the Dogecoin price has reached an all-time high of $ 0.7, Coinpedia predicts the value of Dogecoin 2021 will probably trade in a range between $ 2 to $ 4 and reach its peak in late 2021 to $ 5.

2022 price prediction

Furthermore, Coinpedia predicts the value of Dogecoin in 2022 will trade in the range of $ 5 and can reach $ 8. Until the end of 2022 is predicted to reach $ 12. Maybe this price prediction is too high, therefore this prediction is not investment advice.

Next 5 years future prediction

Dogecoin cryptocurrency’s future is predicted to reach $ 18, even as high as $ 20. And due to price fluctuations, it may reach $ 25 in the next five years.

Zakaria dogecoin prediction

Zakaria M, a leading Steemit blogger, predicts that the price of one Dogecoin will reach $ 1 in 5 years. In fact, he predicts that the price of Dogecoin could reach $ 10 by the end of five years.

Crypto Ground Dogecoin prediction

Crypto ground predicts that in the next five years the value of Dogecoin will reach $ 0.0119. While this prediction in 2021 could reach $ 0.0032.

Coin switch Dogecoin prediction 2025

The Dogecoin price prediction can be estimated at $ 0.04 to $ 0.05. And by 2025 it is predicted that the price will probably hit $ 0.044 with a low of $ 0.028.

2030 Dogecoin prediction

The price prediction in 2030 is still increasing and could reach $ 0.2 as the community grows.

Dogecoin cryptocurrency news

The latest news in early January 2021 about Dogecoin has become a hot topic. Some headline Dogecoin soar publish on several news portals such as CNBC, CNN, as well as on the Reddit forums.

The news is about Dogecin’s fantastic increase in the value of over 800% according to CNBC. This is triggered by several reasons, including the insanity of the community that Dogecoin talked about is equivalent to Gamestop.

But apart from that, Elon Musk’s tweet was also an important highlight which caused Dogecoin to soar.

Elon Musk tweeted a picture of Dogue magazine playing in a fashion called Vogue. This Tweet is making member by the community assuming that Elon supports Dogecoin. One of the members commented that Elon Musk supported us to the moon.

As a result of Dogecoin’s 800% surge, it is still according to CNBC that Robinhood. One leading cryptocurrency trading platform is restricting trading. Since Friday some users reporting that their platform is halted. And unable to make instant deposits for crypto purchases. However, they can still use the previously available funds that already deposited earlier to purchasing crypto.

Ready to start trading? Open an account or try a Demo account.

You may interested

Small budget trading guide

Top Cryptocurrency Exchanges in India

Bitcoin vs USD

Does bitcoin lifestyle work?

Add a comment