can dogecoin reach $10,000
This year in particular in it has surged to new heights following several tweets from billionaire Elon Musk, often referred to as the Dogefather. 2023 Benzinga.com. At the time of writing,Dogecoin is at $0.29 trading values, with a 9.2 upward trend in the last 24 hours. Although Dogecoins returns have been staggering, the reality is that they have been driven by hype and misinformation. Towards the end of the year, beginning of next year, we'll have about a million worth of ethereum coming out of supply. An analyst shared that Ethereum is likely to hit $10,000 by the end of the year. LEASH, on the other hand, has a total supply of just 107,647 tokens, which means that with the rising demand for the Doge Killer token, the price of LEASH can skyrocket much faster than Shiba Inu or any other token that has a huge token supply. Its not that crazy high., There are currently around 18 million Bitcoins in circulation, and it has a market cap of about $900 billion. Ethereum remains the dominant platform for blockchain applications, but the technology is rather new. Privacy Policy. All rights reserved. However, $1000 per Dogecoin is unachievable. So that will initiate it becoming a deflationary asset.". This surprised me: yes. As it stands, all the countries GDP combined is not enough for Doge coins to even reach On the contrary, cryptocurrency is still in its infancy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. However, you might continue to see spikes in its price in the short term after a tweet from Elon Musk or a viral TikTok video. As of now, the price of the LEASH token and current technical indicators point towards a bullish sentiment. The Dogecoin trade was a dream for early adopters as it witnessed meteoric growth in the past year. At the time of writing,ETH is valued at $3,254.32, with a 5.4 percent upward trend in the last 24 hours. Join the thousands already learning crypto! Earlier reportshighlighted Dogecoin as a crypto dependent on market trends and internet sentiment. To reach the cheery $100 price, the network would need to attract investments worth at least $10 Trillion which is more than 5X the entire crypto industry market capitalization today. WebIf Dogecoin reaches a price of $1000, the exact price of all the Dogecoin in circulation will be 129,637,821,960,000. Top Stock Picker Reveals His Next Potential 500% Winner. Read Also:Elon Musk Twitter Mockery: SpaceX CEO Punches Back at Jeff Bezos Amid Lawsuits. To emphasize, Dogecoin recovered from its dangerous trading levels, saving investors from losing their money. More predictions for Ethereum and Dogecoin are coming in, but not everything is good news. Just a $10,000 investment in the struggling movie theater chain would be worth $129,765 now. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (thats right, millions love us!) Crypto analyst who nailed ethereum's climb to $3,400 says $10,000 is next. Ethereums transaction fees are also high. Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion, Dogecoin May Hit $1, But Its Not a Good Play In the Long Term, UPDATE 1-Florida board to countersue Disney, Stocks mixed as JPMorgan Chase takes over First Republic: Stock market news today, UPDATE 1-GM cuts several hundred full-time contract workers, NIO reports EV deliveries jump more than 30% in April. WebSo in other words to put it simply for DOGE to reach $10k is roughly equivalent to BTC reaching 70 million dollars. r/dogecoin Can this actually reach $10? I'm a technical author and blockchain enthusiast who has been in love with crypto since 2020. Cookie Notice Ethereum remains the dominant platform for blockchain applications. To enjoy our website, you'll need to enable JavaScript in your web browser. Canadas Yellow Pages Confirms Data Leak Caused by Black Basta, The Perfect Wallets For Hanging Out With Your Friends, Apples Refurbished 2023 MacBooks May Soon Be Available on Its Online Store, Brave Removes Microsoft From Web Browser, Search Engine, ChatGPT Now Available in Italy Again After Temporary Ban. The meme crypto is higher by 7.05% over the past week. A major reason is that in the first 24 hours, the Shiboshi NFTs can ONLY be bought with LEASH, which means that the trading volume of the Doge Killer token may experience a big increase along with considerable price appreciation. Additionally, Dogecoins listing on various cryptocurrency exchanges will further impact its price in the short term. Notably, Ethereum also expanded its network to non-fungible tokens (NFT) trading. Analysts fromYahoo! Join us in showcasing the cryptocurrency revolution, one newsletter at a time. In a Yahoo! Furthermore, Dogecoin transfer time is 10x faster than Bitcoin., So, theres the tremendous growth potential for this coin. The system forecasts a +21% move from $1,429.25 to $1,731.51 over the next month, Leash has a price prediction of $2,466.30 in over a years time.. Only a few people know about it, and it isnt widely accepted. If we sum up all the countries GDP, the total GDP would be $87 trillion., Source: https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/. The much wow innovative crypto-currency. The market size was valued at $68.9 billion in 2022 and is projected to reach $264.08 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 17.6% and our Reproduction in whole or in part without permission is prohibited. On the flip side, the internet favorite meme coin traded at dangerous levels in the last 12 hours. Theres a high probability that Dogecoin will reach $1 per coin. Scan this QR code to download the app now. On the other hand, investors need to be careful with the a Doge since it might drop to $0.22. Do you feel the rage in the eyes of this (imaginary) rabid dog character? The good news for LEASH holders is that the ShibaSwap platform is soon going to launch Shiboshi NFTs a collection of 10,000 lovable creatures. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. However, Dogecoin will never reach $1000 per coin. Any transfer over $10,000 will have to be reported to the IRS. The post Dogecoin May Hit $1, But Its Not a Good Play In the Long Term appeared first on InvestorPlace. On the other hand, investors need to be careful with the a Doge sinceit might drop to $0.22. Please click here to learn how. Its absurd. Wider acceptance, faster and easier transfer are a few of them. Yes, Dogecoin can reach 10 dollars, at least in theory. Get the Most Popular iTechPost Stories in a Weekly Newsletter. It doesnt make any sense.. The transaction cost of Bitcoin is rising steadily. Its nothing more than a speculative play at this point, which offers nothing to the long-term crypto investor. Can Dogecoin Reach $1, $5, or $10 ? Finance. The Ethereum 2.0 upgrade is going to make things more scalable for every crypto project currently hosted on the ETH platform. However, in the long term, cryptocurrencies such as Dogecoin need to offer real value to their owners if it wishes to sustain its bull run. Its current market cap (at $.21 a coin) is $28 billion. With these two factors, Ethereum is getting stability and market activity which could significantly boost its value over the next few months. Many people dont trust the US government. #Uptober is in full trend and the Bull Gods are shining down on the crypto world. Lets explain., The US has a GDP of around $21 trillion, and China has approximately $15 trillion. Stock Prodigy Who Found NIO at $2 Says Buy THIS Now. The price of Ripple is estimated to reach around $1 to $2 dollars max by the end of 2022. Benzinga does not provide investment advice. Yes, Dogecoin can reach $10. This article is not intended as, and shall not be construed as, financial advice. By the end of 2030, there will be 180 billion Dogecoin in circulation. This article is intended to be used and must be used for informational purposes only. Its been subject to numerous wild trading swings in the past few weeks, showing that the tide is already swinging. Scan this QR code to download the app now. The dominant ranking factor for this crypto asset is Social Following., Our Forecast System predicts that Leash could possibly increase in value in the short term by +6% to $1,520.28 from $1,429.25. With LEASH crossing the $2,000 mark in the past 24 hours, theres a high chance that with the launch of the Shiboshi NFTs, the LEASH token could potentially continue this rally further. The views and opinions expressed in this article are the authors [companys] own and do not necessarily reflect those of CoinMarketCap. Though its fees are lower than industry giants like Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD), it is priced significantly higher than many altcoins. But still, its not enough to replace the US dollar., There are hundreds of cryptocurrency. The race is on for it to eclipse the $1 mark, and though its plausible, its clear that the crypto will falter in the long run. A $1,000 dogecoin purchase on Jan. 1, 2021 at a price of less than a cent per coin would be worth $121,052 at Wednesdays high of 69 cents, a gain of more $10 per Dogecoin is also likely within this decade. Its more than the whole crypto market. Woah, thats However, its impossible that Dogecoin will ever get to $1000 per coin. Therefore, to achieve $10,000 is even more unlikely. The price of Dogecoin is largely based on hype and network effect, which by nature is an exponential This week, we posed the following question to over 1,000 Benzinga visitors on cryptocurrency trading and investing: Which will happen first, Ethereum ETH/USD at $10,000 or Dogecoin DOGE/USD at $0.50? As per our Doge Killer analysis, today the investment has a 2.0 out of 10 safety rank and +873.8% expected ROI with the cost going to $7,468.97. $10 per Dogecoin is also likely within this decade. Speculative investing by institutions could drive us to 3-4K. His tweets introduced the cryptocurrency to millions of his followers and created a market frenzy. LEASH might not be as popular as Shiba Inu or Dogecoin but it still leads the dog pack with the highest price among dog-meme tokens! Therefore, its tough to predict which one will become mainstream cryptocurrency. what are you waiting for? Finance report Kaspar said, "Investors are still using crypto as a favorite tool to hedge against inflation. ETH continues to process a high volume of transactions, it remains the leader in the dApp and decentralized finance (DeFi) space and seems poised to improve its scalability. WebTheres a high probability that Dogecoin will reach $1 per coin. Related Article: Monsta Infinite Earning Potential: Roadmap, $MONI Token Worth, Gameplay and MORE. Copyright 2023 iTech Post All Rights Reserved. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The LEASH token rides the social influence of the Shiba Inu token and also its own popularity, and according to crypto analysts, this is the biggest factor behind the success of the Doge Killer and the Shiba Ecosystem on every social media platform. Cryptocurrency is also highly volatile., Nevertheless, Bitcoin, Ethereum, and other cryptocurrencies have shown great potential. The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Meme Investing has taken center stage this year, and Dogecoin (CCC:DOGE-USD) has had a major role in this phenomenon. From what Ive seen, this seems completely impossible due to many reasons but Id like to hear some other peoples opinions. Here are the full results from this weeks survey: Ethereum will reach $10,000 first: 41.3% Cardano will reach $5 first: 23.7% Dogecoin will reach $1 first: 35.2%. Social Media Craze of the Shiba Ecosystem, From a narrow-angle, the LEASH token may seem like any other project, as it fell from its. WebTimes the amount of Dogecoin times 10,000. Here are the full results from this weeks survey: According to our Benzinga team, a $10,000 ETH is possible within the next few years. According to the official announcement, this project is ready to giveaway $10,000 for votes in the first-ever Love Hate Inu poll by simply submitting your email address. They want a financial system that is independent of any government control. A market cap of $180 billion is not impossible. Do not reproduce without permission. Never going to happen. Given the market cap requirements for a price of $10000 reaches thousands of trillions, it is quite impossible for Dogecoin to reach $10000 Note: Crowdwisdom360 Therefore, $1 per Dogecoin is not a pipe dream. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Yuga Labs Hires Former Epic Games CTO Mike Seavers. Dogecoin is lower by 2.06% at $0.068 Monday. Dogecoin offers virtually no utility to its owners in comparison to other cryptocurrencies. The Shibu Inu coin (SHIB) is the second largest meme coin and probably as useless as a crypto investment as the mother of all meme coins Doge. Still, laugh all you like. Doge is worth $17.9 billion and trades over $341 million a day. Shiba is worth around $14 billion and has a daily trading volume of $324 million. Dogecoin reaching $1 is a distinct possibility. This would be less than 50% higher than the all-time high of about $0.70 per DOGE. The question can Dogecoin reach $100, or $1, or any price for that matter, has to do with two things: DOGEs market cap and its mining dynamics. Ethereum would need to rise some 510% from current levels to reach $10,000. Similar to Dogecoin, Ethereum also doesnt have a coin cap., Over the years, Bitcoin and Ethereum have shown its strength and weaknesses., Nowadays, Bitcoin is considered as an asset, an investment vehicle to grow money. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. Lightning Labs has unveiled its latest offering, the Lightning Terminal Daemon (LiT-D), aimed at simplifying the management of Lightning Network nodes. Today, its market capitalization exceeds $50 billion, which is higher than several big names trading at the stock market. Shiba Inu has a total supply of 1,000,000,000,000,000, which is one of the main reasons why the dog-meme token will As more dApps are developed on Ethereum, more users will be drawn to the network. https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/. ET There are not entirely outlandish arguments to Magnetic Managing Director Megan Kaspar shared the sentiment in her prediction with Ethereum, as reported byYahoo! It is important to do your own research and analysis before making any material decisions related to any of the products or services described. EtherRock 38 purchased for 555 Ether($1,730,961.75)21 mins ago (Aug-26-2021 08:14:19 PM +UTC)Txn: https://t.co/f89o4Rz3k7#EtherRock #EtherRocks pic.twitter.com/1xa8qwXLTg. This launch, if wildly successful, could boost the price of tokens present on the Shibaswap platform. For more information, please see our WebRight now we are early, because price action is being driven by retail investors who like the charts and fundamentals. Furthermore, Dogecoin and other digital assets could face serious regulatory crackdowns globally. Lightning Labs Releases LiT-D: A Unified Platform for Simplified Lightning Network Node Management. Thats why over the years, Bitcoin and other cryptocurrencies became popular., Still, the regular currency has superior use cases and functionality than cryptocurrency. It doesnt matter if you have $500 in savings or $5 million. It has quite evidently lost its thunder, and though it could possibly reach the $1 mark, its not crypto that you can invest in for the long term. Let me write that in words: 129.64 trillion dollars. When the ETH 2.0 upgrade happens, it will attract a lot of crypto projects and users, which will increase the worth of the Ethereum blockchain along with the crypto projects already hosted on the platform. For each dollar increase in Dogecoin price, the market cap would need to rise $180 billion. The social media craze for LEASH is no less and its huge increase in price is solid proof of the influence social platforms can bring in the Doge Killers price. Muslim holds a bachelors of science degree in applied accounting from Oxford Brookes University. Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. The unique aspect of LEASH is its tokenomics, as it, Twitter is the battleground for all cryptocurrencies its how they thrive in the digital world. However, with no inherent value nor utility, Dogecoin is likely to fall flat in the future. Cookie Notice What Happened: This article contains links to third-party websites or other content for information purposes only (Third-Party Sites). The much wow innovative crypto-currency. However, be warned that its trade value could be priced between $0.22 to $0.64 anytime this week. banking executives forecast a "seismic" shift, Elon Musk Twitter Mockery: SpaceX CEO Punches Back at Jeff Bezos Amid Lawsuits, Monsta Infinite Earning Potential: Roadmap, $MONI Token Worth, Gameplay and MORE, Microsoft to Remove Teams from Office Bundle Due to Antitrust Issue, Yelp Will Now Use Video Reviews and AI in the App's Search Feature. Moreover, widespread adoption remains a concern. Its already prohibitively high enough to be useful for daily retail transactions. JohnniePeters 2 yr. ago Still don't get that MicroStrategy and Grayscale are asleep on QNT. It remains a highly speculative asset, and with 20% to 30% daily volatility, its not a great store value per se. More countries are also likely to follow suit in developing their own set of regulations. Reply . Will the Doge Killer (LEASH) Reach $10,000? Until Oct. 4, 2021, the LEASH token was priced around $850, however, from that point on its price touched a high of $2,535, a level which was last seen in July 2021. , If you have any additional questions, you can always contact our support via email, xn--80aa3agjl3d.xn--80adivwhn5n.xn--j1amh , xn--80aa3agjl3d.xn--80adivwhn5n.xn--j1amh , Domain "xn--80aa3agjl3d.xn--80adivwhn5n.xn--j1amh" is not parked, , . However, its impossible that Dogecoin will ever get to WebLEASH Tokenomics Holds a Big Advantage. Do this now. Several investors are carefully observing market trends for the next big surge where they could grab quick profits. Not only that, the much-anticipated upgrade will also lower gas fees, improve transaction speeds, resolve environmental concerns, and increase the overall value of the Ethereum blockchain. For more information, please see our Every coin has pros and cons. There are Dogecoin significantly dropped from its $0.35 trading value in the last couple of months, resulting in bearish sentiment. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Shiba Inu has a total supply of 1,000,000,000,000,000, which is one of the main reasons why the dog-meme token will take a significant time to reach its long-term target of $1. China has already banned the use of cryptocurrencies for financial institutions, and more countries could follow suit. Ethereum has been doing relatively well in these last couple of weeks, do much so thatbanking executives forecast a "seismic" shifthappening. Every $1 that the Dogecoin price were Our whole economy revolves around traditional money. Analysts say that the ETH market has a huge potential for growth in the coming months, so cryptocurrency holders should reconsider their long-term investments. | by randerson112358 | DataDrivenInvestor Write Sign up 500 Apologies, but something went wrong on our end. From what Ive seen, this seems completely impossible due to many reasons but Id like On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. Monthly NFT sales also average at $900 million in August, according to NonFungible. From our experience with Bitcoin and Ethereum, we expect that Dogecoin will reach $1 because it has far more potential than Bitcoin. Financewarned dangerous trading levels if the coin dropped below the $0.27 trade marker, where the coin could dip at the $0.22 price levels. Six hours before this article, Dogecoin dropped to $0.26 but immediately recovered afterward. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. On the other hand, Dogecoin has promisingly low transaction fees. Celebrity endorsements have had an incredible impact on the cryptos price. Each token has its unique aspect and uses in the Shiba environment. There is nothing to say that DOGE will not break the $10,000 barrier one day, but you should exercise extreme caution. Bitcoin has seen a solid price gain and currently trending in excess of $50,000, an appreciation that was last seen back in July. This survey was conducted by Benzinga in July2022 and included the responses of a diverse population of adults 18 or older. It would be nearly impossible for Dogecoin to reach $100, because there isnt quite enough money in the whole world. If Dogecoin is very unlikely to reach 1000, then $10,000 is a pipe dream. I just say YES. Doge coin will definitely hit $1 someday, and once it hit that it would hit $5 very quickly since cryptocurrency is so volatile. Obviously it would not just go up and up only, it will also show small small crashes while growing to the moon. Follow this article for Dogecoin Live Updates. Because of its nature, Dogecoin has defied logic, spiking at insane profits and dropping without market warning. Elon Musk is the founder of X.com, which later became PayPal. Dogecoin has been dubbed the peoples currency thanks to its popularity among retail traders, celebrities and influencers. Moreover, the U.S. Treasury Department has called for stricter cryptocurrency compliance with the laws laid down by the IRS, as they potentially pose tax evasion risk. However, not many currencies share the madpower of the. The most amazing place on reddit! Even if single crypto becomes the worlds de facto crypto still, theres no possibility that Dogecoin will ever become more valuable than the whole worlds GDP.