Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin.
On the other hand, experts predict that
dogecoin price will rise high in the upcoming years.
What's your take on dogecoin?
Generally speaking, all investments change value due to an imbalance (real or imagined) between supply and demand.
In this case:
There is no limit to how many Dogecoins can be produced;
The production time is very short;
More than 100 Billion are currency in circulation;
There is currently no real commercial application.
Its difficult for me to see any reason why the price would rise under such circumstances.