Dogecoin is a crypto dating back to 2013, based on Luckycoin, which was a split from Litecoin (LTC). The idea is to bring even more fun and exciting crypto to the market. This coin style is based on a popular internet meme and therefore also bears the Shiba Inu logo.
When Dogecoin hit the market, there wasn’t as much competition as there is now and BTC is still often associated with illegal practices on the dark web. But what started out as a fun currency grew into a full-fledged crypto that has earned quite a bit for some early-time investors.
Also read: Prediksi Harga Shiba Inu Coin Juni 2021
Estimated price of Dogecoin 2021–2025
It is difficult to predict what we can expect from Dogecoin, it is primarily used as a means of payment and it seems that Dogecoin lacks a strong vision for the future. However, a lot of money is being made by speculating on the value of DOGE / BTC and DOGE has also proven to be firm in its position albeit with a pleasant approach.
These coins are traded on many exchanges, including Binance and behind the humble coin is an active and open community that, for example, raised $50,000 in 2014 for the Jamaican bobsleigh team, so they can participate in the Winter Olympics in Sochi. In addition, several wells have also been built in Kenya to provide drinking water for the local population.
DOGE’s strength lies not in innovative apps, but in a loyal community who value decentralized payment methods that are reliable and… a touch of humor.
The most important thing about buying or trading cryptocurrency is that you know what the company is doing. The new developments will lead to greater adoption and eventual price changes.
For example, the team behind Dogecoin is busy with new innovations, which are very positive for the future. The future price of Dogecoin will also wait and see how all of the above points will be realized by the team behind it. In any case, the plans and expectations for 2021-2025 look good.
The Dogecoin unit, DOGE is mainly used as an online payment method, for example, content creators on social networks like reddit. The price has a low absolute value, but the percentage fluctuation can be significant and the coin has peaked in 2017, 2018 and also in 2021. Its value is no longer a joke, the coin now has a market cap of around one. . billion USD and beat so many other coins that are serious about it.
The future value of DOGE seems unpredictable, but it is also frequently traded for Bitcoin. DOGE’s price against Bitcoin fluctuates between 20 and 110 satoshis and there is often speculation about this.
Below is the Dogecoin price chart. This gives you an analysis of what the price has done in the past. You will also find options to buy crypto outright.
Also read: Rapper Meek Mill buying Shiba Inu Coin
Different views with Bitcoin
Like Bitcoin, Dogecoin is primarily used as a means of payment. And like Bitcoin, anyone with the necessary computing power can mine new coins.
But Dogecoin differs from the Bitcoin proof-of-work protocol in several ways. Dogecoin uses a script-based consensus algorithm to get computers on the network to approve transactions. Block time is 1 minute and the total supply is unlimited! So there is no maximum amount that can be mined. This means that mining may become less interesting, but since 2014 you can also mine Dogecoin and Litecoin in the same process.