You have probably heard of Dogecoin, a popular and well-known cryptocurrency that everyone initially thought of as a joke. Dogecoin is not just a meme. It has its own blockchain and proof-of-work security system, just like any cryptocurrency.
Being launched in late 2013, Dogecoin (DOGE) is the first crypto-asset of its kind which have not been taken as seriously as the rest of the market. Although there are many more mem coins now, DOGE’s success is due to the fact that so many people were attracted to it. It was simple, fun, inexpensive and, most importantly, everyone knew its name.
The creators did take an effort to make it a functional asset. DOGE is a peer-to-peer blockchain based on the Litecoin open-source software, and there are currently over 4 million Dogecoin holders, so it’s certainly a long way from its humble beginnings. You can even use DOGE to pay for things now, making it a functional currency as well as an investment opportunity.
Dogecoin can often be found on lists of the top 10 cryptocurrencies, although it is much cheaper than more well-known and ‘established’ currencies such as Bitcoin and Ethereum. In fact, just by looking at the change in value, you should realize just how successful DOGE has been over the last 9 years. Although it is currently valued at only $0.086767, this rate is much higher than it was in the beginning. Even 5 years ago it was only around $0.0002, so you can see this significant increase. This digital coin has grown dramatically over the last 9 years. Although it has had occasional downtime, it has proven to be a pretty solid asset, which is surprising given the fact that it was made as a joke. Given that, it’s easy to comprehend why so many people are keen to invest in this mem coin. The main reasons for Dogicoin’s success have been its appeal among people who are interested in cryptocurrency and its low price compared to other popular cryptocurrencies. By the way, Elon Musk is a big supporter of this particular cryptocurrency. Dogecoin is even accepted as payment for Tesla goods, and soon the same will be said for SpaceX.
Given the growth that DOGE has seen over the past 5 years, many people are confident about the future of this cryptocurrency. While you may get a different opinion depending on the forecasts you may consider, there are many optimistic estimations.
Changelly`s Dogecoin price prediction for 2025 suggests that DOGE could fall to its economical mark of $0.279972, with its topmost one of $0.339966. As stated by the Technewsleader platform, Dogecoin will remain at current levels for a very long time, and by 2025 DOGE is anticipated to peak at $0.22 with the smallest value of $0.18, but subject to a bull market. PricePrediction believes that Dogecoin will hit the bargain level of $0.28 in 2025, with its utmost potential level at $0.34.
Looking at estimates from experts in the cryptocurrency universe and experienced investors, most of them seem confident about the future of DOGE. The value may fall or even decline from time to time for a while before it starts rising again. To sum up, Dogecoin seems to be a useful asset in the long run and that is one of the most important things to keep in mind. So far, at its best, DOGE has reached £0.63. And at its lowest level, it has fallen to $0.00008. On the other hand, it hasn’t fallen this low in a long time and has remained stable for quite some time.
We recommend you add DOGE to your investment portfolio by buying it via the Godex.io crypto exchange. Along with buying Doge on Godex.io, you can safely exchange Bitcoin to Monero at the most favorable exchange rate. Godex.io exchange transactions are automatic and instantaneous.