DOGE Price Forecast For 2021 and Beyond: Dogecoin Price Prediction

DOGE is the perfect example of what can be achieved if a cryptocurrency has strong community support. Born as an Internet meme, Dogecoin demonstrates how a simple joke may increase in value and reach a $32 billion market capitalization. We’ve collected facts about the Dogecoin success story and provided DOGE price prediction.

Dogecoin Origin & Purpose

Dogecoin was designed using the codebase of Litecoin and its development was aimed at providing an alternative to Bitcoin. It should’ve been a more approachable and friendly cryptocurrency.

Its most distinct feature, however, is its mascot. The developers of Dogecoin chose a “fun” approach towards its development.

The coin got a Shiba-Inu logo and the name “Dogecoin”, reflecting the internet meme “Doge”.

Dogecoin was just a little changed when developed as a fork of Litecoin. New blocks in the DOGE blockchain are created faster than in Litecoin – 1 minute against 2.5 minutes in LTC. Dogecoin’s mining difficulty is adjusted every block found and the reward is fixed. The most distinct change happened in the brand and it became a driving force behind its popularity.

The fun image of the crypto helped the coin to get attention in various social media. The coin turned famous even outside of the community of blockchain technology fans.

Charity & Tipping

For around three years the coin was famous but not actively traded and there were no rapid price movements either. Several charity programs and friendly DOGE community helped the coin to get the trust of the community.

The coin grew its user base with the help of the Reddit community and other social platforms. It moved the Dogecoin market cap in rates not even the most bullish analysts could’ve predicted.

Doge Market Capitalization Graph

Doge price dropped significantly, and its market cap has also left its high point. Still, it is one of the top-15 coins on the market and overall ROI is around 11,000%. It is also pretty popular crypto since Elon Musk is encouraging users to buy it and send it to the moon.

Dogecoin is the tenth by sales and exchange cryptocurrency on Changelly, but despite this, users regularly exchange it thanks to the long existence and development of the coin.

Dogecoin (DOGE) Live Price

Dogecoin Price by Nomics (A Crypto Market Cap Provider)

Dogecoin (DOGE) Price Analysis

2018 was a tough and bearish year for DOGE. Similarly to the other market, Dogecoin price lowered by the loss of the public’s attention.

Dogecoin (DOGE) Price Graph for All Time

Dogecoin price was in a downtrend for all 2018, despite the several times the Dogecoin price was going up for a short period of time. Today, the long term Dogecoin forecast is not very bright.

During the price falls of March, July, and September, Dogecoin was falling along with the market. The DOGE price drop isn’t that bad as it is for Bitcoin and the price spikes after the downtrend show that DOGE was recovering faster than BTC.

Dogecoin is obviously very dependent on the overall interest in the blockchain industry and behaves like most of the other coins, discussed the Cryptocurrency Price Predictions articles published on our website. For example, Zcash and BitcoinCash – both coins mirrored the Bitcoin price graph.

Due to the fact that DOGE depends on the cryptocurrency market movements, predicting its price becomes difficult, especially for the long term.

Dogecoin Trend Analysis

Dogecoin popularity was outstandingly stable over the course of the previous year. You can see on the following graph that the coin even managed to get a search term “Dogecoin” spike in popularity.

Dogecoin query trend via Google

The coin was very interesting for Google users in January 2018. A couple of less significant peaks happened in July and December. At the start of 2019, the popularity was around the same level as it was in the same period of 2018, which is a major accomplishment in terms of the industry crisis, happening today.

DOGE is widely owned and the community members seek to use their Dogecoins in everyday life. Recently added Bitrefill’s AirBnB payment option is a good example.

The price of Dogecoin is not very responsive to media attention. For example, the news about Airbnb caused a price rise against USD in ~3% over 3 days after the announcement.

According to Google Trends, DOGE has its committed audience and most popular in Venezuela.

Similarly to Dash, DOGE turned out to be one of the go-to cryptos in countries where the financial system is struggling. Other countries with a large amount of the “Dogecoin” searches include Bangladesh, Pakistan, Philippines, and Nigeria.

It is a good sign that the coin is used as an alternative to the official fiat currencies of these countries for monetary exchange between regular people.

A warning has appeared in Dogecoin’s official Twitter account, aimed at potential cryptocurrency buyers. In it, developers urge not to succumb to FOMO and make investment decisions on their own.

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Throughout its two decades, Amazon has been brazen: it gives two hoots about maximizing profits for investors and, instead, focuses on expansion at any cost. Last year, its revenues hit $88 billion, but it lost $240 million.
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FACEBOOK WILL END ON MARCH 15th, 2012!

Mark Zuckerberg reportedly said outside Facebook's offices:

“Facebook has gotten out of control,” said Zuckerberg in a press conference outside his Palo Alto office, “and the stress of managing this company has ruined my life. I need to put an end to all the madness.”

“After March 15th the whole website shuts down,” said Avrat Humarthi, Vice President of Technical Affairs at Facebook. “So if you ever want to see your pictures again, I recommend you take them off the internet. You won’t be able to get them back once Facebook goes out of business.”

When asked about money, Zuckerberg said "I don't care about the money. I just want my old life back."

I am not sure what will happen to us when Facebook is out from the Internet. What are we going to do without Facebook? There is no more status updates, give walls to our friends, and check out our family relatives new photos like we always do in the past years. Facebook has become a part of our life.

The Facebook Corporation suggests that users remove all of their personal information from the website before March 15th. After that date, all photos, notes, links, and videos will be permanently erased.

What's your opinion on this issue? Are you agree with him to close Facebook?


Source: Internet

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