Others include: Dogecoin is also much easier for regular users to understand in a world increasingly about smart contract platforms and DeFi (decentralized finance). What youll get: Weekly updates on the latest and trending They thought it would be funny to combine cryptocurrency with Doge Shiba Inu memes that were highly popular. Tax on profits may apply. So Ive seen a variation of this question asked multiple times so I went ahead and did the literal math to calculate it out. The market cap of Dogecoin would have to expand by $180 billion for each dollar rise in the price of Dogecoin. What will change if it does happen? . It was created as a joke cryptocurrency and aimed at a broader audience than a costly Bitcoin. //]]>. Invest better with The Motley Fool. This plan already seems to be in motion as Elon Musk announced he will be proposing some massive upgrades to the Dogecoin network that will enable it to compete with Bitcoin. There's no doubt that Dogecoin will reach 50 cents per coin before 2022 ends. Based on our DOGE forecasts, a decrease is expected, the price prognosis for 2023-12-31 is 0.009 US Dollars. //
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