When you are talking about Cryptocurrency, one thing is for sure : you never know what to expect next. Prices are very unpredictable at best, coins with massive support might make it or break it, and the coins no one really liked will end up on top.
Dogecoin is a bit of an oddball in this race. Yes, the name and logo might be childish. The grammar surrounding Dogecoin is laughable. But people keep talking about Dogecoin this and Dogecoin that. It might be cute and all, but people are taking an interest in the coin.
Marketing-wise, Dogecoin has seen some great support from all over the world. There should be no reason why Dogecoin won’t reach 1$ per coin this year, but whether or not it actually will happen, is hard to say at this point.
The fact that they do have an Android application means they do want to be taken seriously though. As Android has the biggest market share of mobile OSes, it’s a good way to get Dogecoin in the hands of more people.
I personally wouldn’t mind seeing Dogecoin reach 1$, as I still have around 17.000 in my wallet. It could be a nice fund for a rainy day., only time will tell….
If Dogecoin hits $1, that would be a market cap of $100 Billion. I think optimistically, a nice target price to shoot for would be $.01 or 1 cent, giving Dogecoin a total market cap of $1 Billion- more in-line with the CryptoCurrency market.
$1 is easily obtainable,
100 bn marketcap is only in relation to bitcoin. Dogecoin will be the first crypto to unshackle that bond. Respect goes to bitcoin for paving the way for all crypto. If there was ever a need for a dollar coin though doge fits the need perfectly.