Is Dogecoin a good investment in 2020?

Discussion in 'Crypto Assets' started by Selina_12, May 18, 2020.

  1. Selina_12

    Selina_12

    Dogecoin is the most loved cryptocurrency today. It was named after the famous meme of the Shiba Inu dog that has attracted the attention of the blockchain community. All it was started as a simple joke, but the coin took an important place in the crypto sphere thanking its fans and charity activity. Today we will know about DOGE’s features, the coin’s future and, price predictions for 2019 and 2020.

    What is Dogecoin?

    Dogecoin was formed by using codebase of Litecoin and its development was designed at providing an alternative to Bitcoin. It should’ve been more accessible and friendly cryptocurrency.

    Its most noticeable feature, however, is its mascot. The developers of Dogecoin chose a “fun” way towards its development.

    The image of the crypto helped the coin to get attention in various social media. The coin turned famous even outside of the community of blockchain technology lovers.

    Dogecoin Price Analysis

    The year 2018 was tough and bearish for DOGE. Similarly to the other market, Dogecoin’s price was decreased by the loss of the public’s attention.

    Google users found the coin very useful in January 2018. A couple of less important peaks happened in July and December. At the beginning of 2019, the popularity was around the same level as it was in the same period of 2018, which is a major achievement in terms of the industry crisis, happening today.

    Price Prediction 2020

    As per sources, DOGE is a profitable investment depending on the forecast. In 2020, the coin value will reach $0.00552. In 2025, DOGE rate can be around $0.01136.
     
    Last edited by a moderator: Jan 5, 2021
  2. Nobert

    Nobert

    No.

    Just no.

    Noone should buy this garbage.
     
    Fx-Game likes this.
  3. Opcodes

    Opcodes

    yes

    just bought 100k
     
  4. jys78

    jys78

    Nope.
     
  5. Trader Curt

    Trader Curt

    It's super risky. There probably will be an alt coin that replaces Bitcoin, but it will be a 1 in a thousand chance that it's dodge coin. And the only way dodge coin is going to rally is if Bitcoin rallies. Bitcoin is a better bet right now.

    A lot of people are saying XRP is a good bet, and I can see the logic, but xrp hasn't done shit since the 2017 rally.
     
    Fx-Game likes this.
  6. Fx-Game

    Fx-Game

    Check ada ;
     
  7. Opcodes

    Opcodes

    You are in the wrong forum these traders never even heard of opcodes

    Bitoin will fail, hail buttcoins
     
  8. Big No for Dogecoin, I have some dogecoins from a year and have no profit yet.
     
  9. mlawson71

    mlawson71

  10. themickey

    themickey

    When I think of doggycoin, I picture doggystyle.
    (No meme this time)
     
    #10     Dec 27, 2020
    Nobert likes this.