Post
Topic
Board Altcoin Discussion
Re: The reason Dogecoin could fail in the future
by
Ozero
on 31/01/2023, 16:49:53 UTC

Investors advice on investing in Dogecoin now as this is being the best time to purchase doge. Dogecoin prices are expected to rise as we approach the annual close. The increase in price fluctuations may eventually assist the price to soar and as per Coinpedia doge price prediction it will close the year at $0.118.

I don't think that Dogecoin is currently a good investment in this market in terms of making a profit in the future. This is evidenced at least by the fact that with the current slight increase in cryptocurrency prices, the price of this coin did not rise by the end of the past year to the projected price of $0.11, but remains only at the level of $0.09. Like bitcoin, this is a general purpose coin, without any additional useful features. But Bitcoin wins primarily due to its popularity, and against its background, Dogecoin has no chance of achieving good price performance in the long run.