Does dogecoin have potential - What will dogecoin do

There Are Other Meme-Dog-Inspired Cryptos in the Market Now

Dogecoin, often referred to as the original meme coin, has had a rollercoaster ride in the crypto market. Its price skyrocketed to an all-time high of $0.7315 in May 2021, only to plummet significantly since then. Despite this setback, dedicated Dogecoin holders, like YouTuber Glauber Contessoto, continue to believe in the coin’s potential. Will dogecoin reach bitcoin levels Years later, Dogecoin is still a popular digital currency altcoin and has even attracted interest from the likes of Elon Musk, who the crypto community has affectionately dubbed the “CEO of Dogecoin.” Musk has even talked about Dogecoin publicly on the popular TV show Saturday Night Live, and is now working with Dogecoin developers closely. But all the positivity couldn’t stave off a large crash in mid-2021.

What will dogecoin do

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The downward trend of the DOGE cryptocurrency over the charts is depicted by the Dogecoin price prediction. The dogecoin price estimate for 2023 confirms the statistics indicating that DOGE cryptocurrency will have its greatest comeback in 2023. In the middle of 2023, when Dogecoin’s price reaches the $0.25 level, analysts anticipate that it will begin its rebound surge. How Dogecoin works Dogecoin has an unlimited supply, meaning there isn’t a finite number of coins that will be created. (According to Wikipedia) Dogecoin does not have a supply cap like other cryptocurrencies, such as Bitcoin with its capped supply of 21 million coins. Dogecoin has instead a deliberately stable, “deterministic inflation” rate of 10,000 Dogecoin per block, with a block time of one minute. Exactly five billion new Dogecoin will be created and enter circulation every year. This means the supply will continue to increase forever, and the greater the circulating supply given a constant market cap means a lower price.

Is dogecoin going to get big

With this in mind, Dogecoin has a degree of centralisation due to how easy it is for one man to influence its price. If he were to abandon the crypto, the strength of the community could deteriorate along with Dogecoin's price. Follow Us Big Eyes Coin (BIG) is a community-based meme coin with a unique advantage over Dogecoin and its doggy descendants. Big Eyes Coin has identified and filled a cat-shaped hole in the cryptocurrency market and is currently growing quickly in its presale, with over $8.8 million raised so far.