DOGECOIN: ‘The People’s Crypto’
- NOTE: Cryptocurrency is speculative. This page contains editorialized information and is not sanctioned financial advice. Readers acknowledge that any investment comes with both risks and rewards. Like buying a stock, no one is encouraged to make an investment they cannot afford to lose.
Decentralized cryptocurrency is an inevitable way of the future. There are often financial rewards for those who are a step ahead of the curve. While Bitcoin was the crypto trailblazer, its low/finite coin supply makes it a great holder of value, but less practical for hand to hand use. More businesses are incorporating crypto as an accepted form payment for goods and services and Dogecoin is catching on. Although the coin was originally created in irony, Dogecoin is technologically sound and secure. Elon Musk has publicly expressed on numerous occasions that he sees real potential in Dogecoin as a major player in the digital economy of the future.
Dogecoin to the Moon?
Dogecoin to the Moon?
Dogecoin to the Moon?
At the time of this writing, Dogecoin’s market cap is approximately $7 billion, making each of the 128 billion coins valued at around 5 cents (USD). Many experts expect that we are still very early in what could be a “Crypto Boom” over the next several years. Should the foresite of Musk and others be correct and Dogecoin continues its emergence, the per coin value could realistically rise to anywhere between $1-$15, making its current low price a fascinating investment opportunity for many.
Big Picture
Dogecoin to the Moon?
Dogecoin to the Moon?
Bitcoin made news when it surpassed the $1 trillion milestone in market cap and the expectation is for all major cryptos to continue growing. Should Dogecoin achieve just half of that market cap over the next few years, the value of each coin would rise to approximately $3.63. A hypothetical $1,000 investment at the current price of $0.05 would mean a portfolio value rising to around $72,000 if that were to happen, and that’s the potential that has a growing community buzzing.
Impatience Rarely Wins
Dogecoin to the Moon?
Impatience Rarely Wins
Newcomers should understand that cryptocurrency is volatile with lots of raises and dips a long the way. Like a stock, you may buy in and the price dips. This is why you see many in the online community reminding each other to “Hold”, or more humorously written: “HODL”. One’s coin-count remains the same no matter the price, so many crypto veterans will remind you that an investment is only a loss when you choose to make it one by selling.
Through ups and downs, as long as the overall pattern supports growth, here is a glimpse at what holding that $1,000 buy at the current price of $0.05 would look like as the price per coin surpasses various thresholds:
$0.50... $10,000
$1.00... $20,000
$2.00... $40,000
$5.00... $100,000
$10.00... $200,000
*(Updated March 3)