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
There are currently more than 11,000 cryptocurrencies circulating in the market. It is not an easy matter to predict which coin has a bright future in the long term.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 beginningThe price of dogecoin relies heavily on tweets from Elon Musk. The Elon Musk effect has driven many of Dogecoin price spikes, and it is not a driver of sustainable growth. After Elon Musk stopped promoting Dogecoin through a tweet on his Twitter account, now dogecoin is back to where it started at $0.26 (at the time of this post).
It is very unrealistic to predict the price of Dogecoin to reach $20,000 within 5 years. Although Dogecoin has a large loyal fan community, but for now there is no one capable of leading the ship after Elon Musk abdicated.