So you think doge should be worth over $5 billion?
That analysis is wrong on so many levels.
Doge will have a massive run and it will make new record highs but at best it will be worth about $1 billion. Which for a totally inflated ShitCoin is unreal.
At $1 billion it would be a return of 100 fold from today's $10 million market-cap which would be a 10,000% increase or 2,500 Satoshi.
This is a best case scenario for Doge which would only happen if they're added to BitPay/Coinbase and their hedge fund backed marketing machine kicks into high gear and they significantly slow down their massive imfsltion rate.
Cheers!
You do realise $5 billion for a currency is, to use your term, shitcoin compared to conventional currencies which rank in the trillions of USD. That's not a target to hit, that's a minor stepping stone. Excellent progress for a 5 year old currency, but not by any means a destination. So, yes, any successful crytocurrency should be targeting substantially more than half the market cap of Snapchat [Suspicious link removed]j.com/articles/snapchat-fetches-10-billion-valuation-1409088794)
Do you see the news:"Citi: Miners and Merchants Are Keeping Bitcoin Prices Low"
That is what I worried for a long time.
People and company have no reason to keep Cryptocurrenc, if it's inflation higher than USD.
So reduce to
1 Billion new dogecoin every year could change this trend. Then the inflation is
1% lower than USD. Then comany could keep the cryptocurrenc, maybe bank could use cryptocurrenc for a loan later.