Dogecoin has been different kinds of low level names in the past and in the present but the altccoin seem to have woken up to prominence and maybe it could keep sustaining the move as some altccoins like bnb, xrp, Ada, ethereum have done. Despite the name calling, the growth of dogecoin has really gone pass many so called promising coins and it is now at the 7th spot in crypto ranking.
Therefore, maybe dogecoin can get to $20,000 and above in 5 years time
just like this user predicted the price of bitcoin in the beginning
Therefore, maybe dogecoin can get to $20,000 and above in 5 years time
just like this user predicted the price of bitcoin in the beginningIndeed we can estimate the price of a coin as high as any, but we also need to look at other supporting factors that can affect the price according to our estimates. The most basic thing is the supply of the coin. Apart from that, the rate of mass adoption and the level of popularity. Every day there are thousands of tweets about Bitcoin, while Dogecoin tweets are minimal. Plus the negative tweets.