Ethereum remains the dominant platform for blockchain applications, but the technology is rather new. Finance report Kaspar said, "Investors are still using crypto as a favorite tool to hedge against inflation. Join us in showcasing the cryptocurrency revolution, one newsletter at a time. So that will initiate it becoming a deflationary asset.". $10 per Dogecoin is also likely within this decade. Meme Investing has taken center stage this year, and Dogecoin (CCC:DOGE-USD) has had a major role in this phenomenon. 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. Any transfer over $10,000 will have to be reported to the IRS. Notably, Ethereum also expanded its network to non-fungible tokens (NFT) trading. 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. However, there is one problem a sufficient amount of money should be put into Dogecoin to get the meme coin to the $10 level. To enjoy our website, you'll need to enable JavaScript in your web browser. The LEASH token holds the same animosity towards any other dog-meme token (especially DOGE) and plans to kill it forever (pun-intended). In the long run, Hayes expects gold to reach $10,000 on the spot, which, he thinks, would make hard money assets, including digital ones, more valuable. 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. WebRight now we are early, because price action is being driven by retail investors who like the charts and fundamentals. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Ethereum remains the dominant platform for blockchain applications. | by randerson112358 | DataDrivenInvestor Write Sign up 500 Apologies, but something went wrong on our end. 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 Celebrity endorsements have had an incredible impact on the cryptos price. 2023 Reddit, Inc. All rights reserved. As more dApps are developed on Ethereum, more users will be drawn to the network. In a Yahoo! Lightning Labs has unveiled its latest offering, the Lightning Terminal Daemon (LiT-D), aimed at simplifying the management of Lightning Network nodes. Earlier this year, in February, Raoul Pal, a former Goldman Sachs GS executive, said that Ethereum ETH/USD could reach $10,000 by 2024. The much wow innovative crypto-currency. Webknow here: Dogecoin Price Prediction Now looking at next milestone that probably $10, $100, $1000, in which $10 quite possible in next 5 to 10 year, but $100 USD and $1000 is Read Also:Elon Musk Twitter Mockery: SpaceX CEO Punches Back at Jeff Bezos Amid Lawsuits. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. The Dogecoin trade was a dream for early adopters as it witnessed meteoric growth in the past year. 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. On the other hand, investors need to be careful with the a Doge sinceit might drop to $0.22. His tweets introduced the cryptocurrency to millions of his followers and created a market frenzy. Theres a high probability that Dogecoin will reach $1 per coin. To reach $1000, TRON would need to amass a $100 Trillion market capitalization. JohnniePeters 2 yr. ago Still don't get that MicroStrategy and Grayscale are asleep on QNT. From what Ive seen, this seems completely impossible due to many reasons but Id like Woah, thats A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. Muslim holds a bachelors of science degree in applied accounting from Oxford Brookes University. and our An analyst shared that Ethereum is likely to hit $10,000 by the end of the year. It is possible. ET There are not entirely outlandish arguments to However, Dogecoin will never reach $1000 per coin. There are 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. what are you waiting for? On the other hand, investors need to be careful with the a Doge since it might drop to $0.22. It remains a highly speculative asset, and with 20% to 30% daily volatility, its not a great store value per se. Six hours before this article, Dogecoin dropped to $0.26 but immediately recovered afterward. 100 yes . From our experience with Bitcoin and Ethereum, we expect that Dogecoin will reach $1 because it has far more potential than Bitcoin. Ethereum is otherwise higherby 10.64% over the past week, Ethereum would need to rise some 510% from current levels to reach $10,000, Dogecoin is lower by 2.06% at $0.068 Monday, The meme crypto is higher by 7.05% over the past week, Dogecoin would need to rise 635% from current levels to reach $0.50. 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. However, not many currencies share the madpower of the. It doesnt matter if you have $500 in savings or $5 million. Its absurd. Dogecoin Market Cap Today's Change (-0.00%) -$0.00 Current Price $0.08 Price as of April 26, 2023, 6:41 a.m. Moreover, widespread adoption remains a concern. This article is not intended as, and shall not be construed as, financial advice. Several investors are carefully observing market trends for the next big surge where they could grab quick profits. Several investors are carefully observing market trends for the next big surge where they could grab quick profits. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. By the end of 2030, there will be 180 billion Dogecoin in circulation. For each dollar increase in Dogecoin price, the market cap would need to rise $180 billion. 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. 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. A market cap of $180 billion is not impossible. The post Dogecoin May Hit $1, But Its Not a Good Play In the Long Term appeared first on InvestorPlace. Lightning Labs Releases LiT-D: A Unified Platform for Simplified Lightning Network Node Management. The Shiboshi NFT characters will also be featured in the upcoming Shiboshi Game, where players can use their NFTs for strategic gameplay. https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/. Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion, the Treasury said. Will the Doge Killer (LEASH) Reach $10,000? 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. Because of its nature, Dogecoin has defied logic, spiking at insane profits and dropping without market warning. Please click here to learn how. If Dogecoin is very unlikely to reach 1000, then $10,000 is a pipe dream. Monthly NFT sales also average at $900 million in August, according to NonFungible. Speculative investing by institutions could drive us to 3-4K. Thats why over the years, Bitcoin and other cryptocurrencies became popular., Still, the regular currency has superior use cases and functionality than cryptocurrency. Ethereums transaction fees are also high. They want a financial system that is independent of any government control. 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. Crypto analyst who nailed ethereum's climb to $3,400 says $10,000 is next. More predictions for Ethereum and Dogecoin are coming in, but not everything is good news. Related Article: Monsta Infinite Earning Potential: Roadmap, $MONI Token Worth, Gameplay and MORE. Finance. Privacy Policy. 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% With these two factors, Ethereum is getting stability and market activity which could significantly boost its value over the next few months. 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. This article is intended to be used and must be used for informational purposes only. The second-largest crypto Ethereum has a market cap of $200 billion. Many crypto analysts believe that the LEASH token has a high potential of price appreciation in the near future. Even Tesla and SpaceX CEO Elon Musk believes that Dogecoin is underestimated. Its been subject to numerous wild trading swings in the past few weeks, showing that the tide is already swinging. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. 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. Dogecoin offers virtually no utility to its owners in comparison to other cryptocurrencies. Dogecoins enthusiasts believe that it provides real value to its users, particularly in lower transaction fees. 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/. There is nothing to say that DOGE will not break the $10,000 barrier one day, but you should exercise extreme caution. However, despite the bullish environment of the crypto market and the LEASH charts, the volatility and risk factor must be kept in mind, especially when trading in meme cryptocurrencies. Therefore, he knows what he is talking about. 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. Benzinga does not provide investment advice. Furthermore, Dogecoin and other digital assets could face serious regulatory crackdowns globally. 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! Any transfer over $10,000 will have to be reported to the IRS. The study reflects results from over 1,000 adults. So, for $1000 per Dogecoin, the total market cap of Doge would be more than $180 trillion, two times that of the worlds economy. However, its impossible that Dogecoin will ever get to $1000 per coin. , 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, , . This launch, if wildly successful, could boost the price of tokens present on the Shibaswap platform. Dogecoin is lower by 2.06% at $0.068 Monday. Today, its market capitalization exceeds $50 billion, which is higher than several big names trading at the stock market. 7 Best Vaccine Stocks for Their Pipeline Potential. Dogecoin significantly dropped from its $0.35 trading value in the last couple of months, resulting in bearish sentiment. Furthermore, Dogecoin transfer time is 10x faster than Bitcoin., So, theres the tremendous growth potential for this coin. Therefore, $1 per Dogecoin is not a pipe dream. Do not reproduce without permission. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Scan this QR code to download the app now. At this price point the total market cap of DOGE (value of all The transaction cost of Bitcoin is rising steadily. r/dogecoin Can this actually reach $10? Both Shiba Inu (SHIB) and Bone ShibaSwap (BONE) tokens act as a supporting pillar to LEASH, as the huge following of both these tokens especially SHIB helps in stabilizing and often increasing the price of the LEASH token. Cookie Notice 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. Lets explain., The US has a GDP of around $21 trillion, and China has approximately $15 trillion. 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. All rights reserved. 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. Copyright 2023 iTech Post All Rights Reserved. As treasury printing money, the government adding debt recklessly, and inflation soaring, many are dissatisfied. Muslim Farooque is a keen investor and an optimist at heart. 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. Heres the basic math (and remember market cap = total number of coins * price per coin). Earlier we concluded that it will be nearly impossible for Ripple to reach a value of $1,000 per coin in the near future. 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. It doesnt make any sense.. On the contrary, cryptocurrency is still in its infancy. WebTimes the amount of Dogecoin times 10,000. Privacy Policy. This survey was conducted by Benzinga in July2022 and included the responses of a diverse population of adults 18 or older. Analysts fromYahoo! From what Ive seen, this seems completely impossible due to many reasons but Id like to hear some other peoples opinions. Wider acceptance, faster and easier transfer are a few of them. 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. WebTheres a high probability that Dogecoin will reach $1 per coin. 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 The views and opinions expressed in this article are the authors [companys] own and do not necessarily reflect those of CoinMarketCap. Yes, Dogecoin can reach 10 dollars, at least in theory. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. 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. Binance Launches The Sandbox NFT Staking Program. Elon Musk is the founder of X.com, which later became PayPal. 2023 Benzinga.com. Reply . 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.