Post
Topic
Board Speculation (Altcoins)
Re: Could DOGE could reach 1$...?
by
Timelord2067
on 08/03/2021, 07:08:06 UTC
Check the circulating supply of Dogecoin Circulating Supply
128,633,137,923 DOGE

do the mathematics:

IF bitcoin has a current circulating supply of 12,863,313.7923 bitcoins (just go with the numbers for a moment)  Then comparatively speaking, each bitcoin would be worth 1000 times that of DOGE (i.e. $50 pre DOGE (or thereabouts)).

Currently, DOGE hasn't made it to 5¢ (or one thousandth of $50)...  In-other-words, one bitcoin currently is worth a million DOGE.  (or, 100 satoshis each)

Conclusion:  Either bitcoin is overvalued, or DOGE is undervalued.  The hard part is convincing others to invest in DOGE.