Post
Topic
Board Speculation (Altcoins)
Re: I Predict $20,000 for dogecoin in 5years time
by
wmaurik
on 24/10/2021, 23:27:52 UTC
Indeed 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.
Bitcoin deserves a lot of Tweets because it is the true king of cryptocurrencies and also the one most liked by people who know it very well, while memecoins like Doge are just a complement to liven up the cryptocurrency market, nothing more.