Quote:
Originally Posted by Koapaka
I believe it will drop back to the $30-33K range before rallying forward again. I can certainly live with that given we initially bought less than $3K per Bitcoin. HODLING for sure....corrections are not ONLY in Cryptos......jumping on the Dogecoin now for some REAL gains.
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I _wish_ I had jumped in bigger on my Doge holding. Coinbase is 6-8 weeks from listing it.
It will go up once it's on Coinbase. Like it or not, it has a large enough market cap right now to be a real player. It could easily see $1.50. If the devs built any kind of deflationary mechanisms into it, it could really appreciate well past that number. As it stands there's just so many circulating Doge (and more mining every day) that to hit a stupid number like $5 it'd have to supplant BTC and I don't see how that's possible.
That said, Musk did tweet he'd like to see the block size go up, the transaction time go down and the transaction fees go down a lot. This would make Doge a good bet for micro-transactions. Litecoin was built for this reason. Doge is a fork of litecoin, which was a fork of Lucky coin and ultimately a fork of BTC.
For these reasons, Doge will probably spike to $1 this year before a big pullback as people start selling at limits approaching $1.