Dogecoin Price Prediction 2020
September 24, 2020
What is Dogecoin (DOGE)
Dogecoin (also known as DOGE) is a Litecoin-based cryptocurrency mined with the Proof-of-Work algorithm. It is designed as an alternative to major coins such as Bitcoin with an emphasis on easier mining and better accessibility. DOGE has the Japanese Shiba Inu dog breed as a logo and mascot which became popular thanks to an old meme — it was picked as a symbol of friendly and fun marketing policy.
Dogecoin was created in 2013 by programmers Billy Markus and Jackson Palmer. They aimed to invent an altcoin setting apart from Bitcoin. The initial Dogecoin mining complexity was set to a 1-minute level in order to provide better adoption for big demography groups. As a result, the project became a sort of folklore currency: users in social media use it to send tips to each other for creating and distributing media content. DOGE is also known for participation in charity activities, supporting the Jamaican bobsleigh Olympic team and NASCAR racer Josh Wise.
Dogecoin (DOGE) Market Features
As of this writing, the Dogecoin current price is $0,002656 or 0,00000031 BTC. The all-time high was $0,018773 on Jan 7, 2018. The all-time low DOGE price was $0,000085 after the cryptomarket crash on May 7, 2015. Initially, the Dogecoin blockchain was designed to have a total issue of 100 billion coins, but later the limit was removed. As a result, there are 122 billion DOGE in circulation.
Dogecoin price has been fluctuating in a sideway since the beginning of 2018. It’s remarkable that the fun-driven Dogecoin has a quite stable price even when the whole market experiences roller coaster rides. DOGE currently takes the 30th place in the world cryptocurrency ratings.
Dogecoin (DOGE) News
Dogecoin news has been quite positive for the last two years. Experts, traders and major portals mark that Dogecoin price has significant support which leads to market growth. On top of that, DOGE is getting more and more support from world-known crypto exchanges and services.
Dogecoin (DOGE) Gets Listed on Binance US
One of the latest and most important news is that DOGE/USD pair is now listed on the major US-based exchange Binance US. At the moment, the exchange website shows $0.0025993 as the last Dogecoin price.
Previously, DOGE was listed on the main Binance exchange in July. Right after that DOGE price rose by 30%.
Dogecoin (DOGE) Releases a Bugfix Patch
Dogecoin Reddit community reports that the major bugfix is out. It helps with the backward compatibility and makes transactions go even smoother. Improving the blockchain always has a positive impact on market positions and Dogecoin price should be rising thanks to this update.
Dogecoin Gets Listed on Huobi
Earlier this year, in April DOGE appeared on another major exchange — Huobi. That was the point when people started saying that the project is now in the major league and Dogecoin price might grow.
Dogecoin (DOGE) Price Forecasts
Coinpredictor portal says that Dogecoin price will reach $0.002737 by the end of January, 2020.
Beincrypto cryptocurrency analysis portal published the DOGE price prediction that concludes that the price will be $0.0191 by the end of 2020 as the mid-term forecast and $0.072 in December, 2024 as the long-term prediction.
Walletinvestor forecast service predicts that DOGE value will reach $0.007 in the beginning of 2020 but will go down to $0.002 by the end of the year.
According to the Cryptoground portal Dogecoin will grow to the point of $0.0065 by the end of 2020 and will continue the growth to the point of $0.0126 at the end of 2023.
Digitalcoinprice analysis portal states that Dogecoin will reach $0.0049 in 2020 and continually grow to have value of $0.0118 in 2026.
Altcoin Buzz is one of the most popular crypto channels on YouTube having over 200k subscribers. They don’t support fun-coins but say that Dogecoin could be a real thing. Dogecoin current price, market capitalization and rank were spotted there as well.
One of the most popular and famous figures in the world of blockchain and crypto Andreas Antonopoulos mentioned Dogecoin in 2014, a year after it was created. He said that he saw the spirit but supposed that rivalry with Bitcoin is not a right direction.
An experienced trader Joch McGruff made a big article for Hackernoon in 2018 where he made an analysis for DOGE price. He called it one of his favorite coins to deal with and mentioned 1100% growth in 2017 along with very dedicated community.
Crypto trader Anambroid published the DOGE price chart calling it the asset of this winter. This definitely warms up the interest as it’s obvious that Dogecoin current price has an interesting position at the moment.
The last but not the least one is opinion by Tesla and SpaceX CEO Elon Musk. He simply likes Dogecoin despite he says he’s not into crypto and doesn’t own any.
Dogecoin (DOGE) Price Prediction
Our own dogecoin prediction must not be taken as direct advice, but we would say that DOGE gathers growing hype around itself. It is a popular opinion that the current Dogecoin price which has been standing in a sideway will turn to be super-bullish in the next year. Constant blockchain improvements, good attitude of the crypto community and great support from world players make an impact to provide the power of the asset making Dogecoin prediction promising.
Different Dogecoin price predictions meet in one point: all of them say that this asset is going to bounce up against Bitcoin. This tends to be a good position, but it should be taken into account carefully.
Dogecoin (DOGE) Price Prediction Verdict
Dogecoin is one of the most interesting investment options for today. Dogecoin news and expert opinions along with blockchain technical features conduct interest around this coin making it more and more valuable. It is quite possible that this is the right moment to buy DOGE and hold it waiting for the soon bullrun.
However, if you want to invest in DOGE, you need to purchase, store and manage it. That’s why you need a reliable wallet.
How to Buy and Store Dogecoin
The most comprehensive and reliable option is the Atomic wallet. It is a blockchain-based cryptocurrency wallet supporting more than 300 assets. You can buy Dogecoin inside the wallet using a credit card or exchange it with another asset — it is easy, quick and safe. Atomic wallet has one of the best rates on the market in addition to the high speed of operations.
The service has interfaces of desktop solutions for Windows, MacOS, Ubuntu, Debian and Fedora along with Android and iOS mobile apps. Just choose the option for your device and download the program. The installation takes literally no time and it’s completely free.
The service has a great emphasis on security and privacy. Private keys and funds are encrypted and don’t leave the user’s device. In addition, Atomic wallet is fully non-custodial. On top of that, Atomic’s is designed to be user-friendly and clear even to an inexperienced user.
How to Exchange Dogecoin
On top of that, Atomic wallet makes exchanging DOGE quick and easy. The wallet has built-in quick exchange service.
If you want to exchange Dogecoin, you need to go to the ‘Exchange’ section. Then choose the trading pair, type in the sum you want to send – it is located on the left. After that, the service will display an estimated result of the exchange. If you find it profitable, click on the ‘Exchange’ button and the exchange will go live. Necessary transactions usually take from 5 to 20 minutes after which you get the coin on your Atomic wallet.