Post
Topic
Board Speculation (Altcoins)
Re: I Predict $20,000 for dogecoin in 5years time
by
mamesso
on 26/10/2021, 10:30:36 UTC
the OP of this thread make this as a hopeful for Dogecoin loyalist but this does not mean reality will come , exaggerating thread it is and we must not treat it that serious , for me Dogecoin cannot even reach 1$ because the totality of volume is huge .
Unless they will burn more and more each year then yes 1$ might come this way.
Dogecoin was created just as a joke, in early 2021 Dogecoin has increased in value by ± 5000%, One of the factor for the increase in the price of Dogecoin is because Elon Musk calls Dogecoin his favorite cryptocurrency. Maybe for this reason the OP hopes that Dogecoin can surpass its ATH in the next 5 years.

In fact now Dogecoin is back at rock bottom as there is no very strong mining community in the Doge ecosystem. So it is very unlikely that Dogecoin can reach $20,000 in the next 5 years, moreover the totality of the volume is very large.
Yeah, if they do burn some doge supply already circulating, $1 figure is very decent for doge in the next 5 years.