People tend to talk a lot about Bitcoin. It can be easy to forget that there are hundreds of other cryptocurrencies. Some of these cryptocurrencies may even attribute similar features as Bitcoin. But cryptocurrencies are not just digital assets, they include their communities, too. One altcoin with a growing community is Dogecoin.
In this Dogecoin price prediction, we will start by explaining briefly what Dogecoin really is. This will be followed by its future and DOGE price for coming years.
What is Dogecoin?
Dogecoin is a peer-to-peer, decentralized, and digital currency that allows you to send money online easily. Dogecoin right from its launch has become very much significant in the crypto world. The Doge cryptocurrency is even used by retailers to accept payments. Its logo is a dog, which is their friendly mascot.
Dogecoin is a user-friendly cryptocurrency project launched on December 06, 2013. It uses its own blockchain and is widely supported by many wallets and Exchanges. Dogecoin’s main use case is for making payments and recently it has also been used as a tipping coin for rewarding small tokens to people during social media interactions.
FunFact about Dogecoin
Its most distinct feature, however, is its mascot. The developers of Dogecoin chose a “fun” approach towards its development.
Dogecoin was created by Billy Markus, Oregon, and Jackson Palmer. It was introduced as a joke, but who knew it would become so significant in the crypto world. It is also used by retailers to receive payments.
Dogecoin Technical Analysis 2013-2020
2013
Dogecoin made its debut in December 2013 at $0.0006 with a $3.5 million market capitalization. For a year, Dogecoin was on an upward trajectory and doubled exponentially.
2014
But the year 2014 was not as good for Dogecoin, New cryptocurrencies emerged on the market, such as NEO, Stellar, and Monero, and traders turned their attention to them. DOGE’s price fell to $0.0001.
2015
Co-founder Jackson Palmer quit the project unexpectedly in 2015. He explained that he preferred to concentrate on the technical aspects of the blockchain. With the news, the world began to speak of DOGE’s impending death, but this did not happen. DOGE managed to trade at $0.00014 by the end of December 2015.
2017
Dogecoin, however, did not cross the $0.0002-0.0003 price range until 2017. Yet consumers purchased coins for personal payments, and the capitalization of the altcoin rose steadily. Then the value of the coin increased dramatically to $0.003 in the spring of 2017 and further continued to vary. Surprisingly, DOGE surged to $0.007 at the end of 2017.
