Creating wealth is one of the most common reasons people want to invest. But becoming rich or financially comfortable is not going to happen overnight. It takes innovative thinking and smart investing to make money from investing. That is why it is important to understand that short-term rewards are very risky when it comes to trading on the market. Slow and steady often wins the race, and those willing to be in it for a long time often reap financial benefits. This is similar in the case of cryptocurrency.
There are a few technical explanations for what cryptocurrency is, but simply, it is a form of currency similar to regular currency such as the dollar, yen or euro, the only difference is that it is digital. It can be used to pay for goods or services in the same way that you use your physical currency or a debit card. It is also available for trading just like all other currency, except it not as regulated as the traditional stock exchange. But if you are looking to jump into the crypto trading exchange, there is one crytocurrency that you should be watching.
Dogecoin is a cryptocurrency invented by Billy Markus and Jackson Palmer software engineers who have decided to set up a payment system that is instant, fun and free of traditional banking fees. To do this, the coin featured the friendly face of the Shiba Inu dog of the popular “Doge” meme as its logo.
WalletInvestor maintains that DOGE is a good long-term investment. Based on the Dogecoin prediction by WalletInvestor, a price increase is expected. The lowest possible price of Dogecoin in 2021 is $0.002, while the highest price is $0.01.
Coinliker has given the most bullish price prediction on Dogecoin for the upcoming years. They predict that DOGE will grow to $0.023831 in just one year. Dogecoin will keep growing and may reach $0.089169 by 2025, a ten-fold increase in just five years.
The CoinSwitch Dogecoin price prediction concurs with Coinliker’s that DOGE may rise in the coming years. Even though their forecast of a $0.02 price per DOGE token in 2020 failed, they foresee a future price increase. CoinSwitch predicts that Dogecoin’s future value may rise to $0.03 by 2023 and keep rising to $0.045 by 2025.
Today’s Dogecoin price is $0.009594, which is up 11% over the last 24 hours. Nomics’ 7-day Dogecoin price prediction is $0.007425 / -9% ; the 30-day mean error rate is 26%. Dogecoin’s market cap is $1.23B. 24 hour DOGE volume is $476.94M.
The outlook for this cryptocurrency is looking good and it is FiWEH prediction that over the next few months, Dogecoin will grow steadily between the $0.009-0.02 trading range. Therefore, it is a good time to get trade. Ultimately, Dogecoin has the potential to grow and it did so within two weeks, going from .002 to .009, hence the reason it’s absolutely possible this cryptocurrency will eventually exceed investors expectations. After Elon Musk tweet about the price increased by 20% in one day, imagine the possibilities.