There’s a good chance that DogeUSD at https://www.webull.com/newslist/ccc-dogeusd would hit 1 per coin. Within this decade, 10 USD per Dogecoin is also a distinct possibility. Dogecoin is expected to reach 100 USD per coin. Dogecoin, unlike other cryptocurrencies, does not have a cap. Miners are given a yearly reward of 5 billion coins to keep the network safe and operational.
There will be 180 billion Dogecoins in circulation by the year 2030. If Dogecoin is valued, at 1 USD per token, its total market capitalization would be 180 billion USD. It is not that high.
There are around 18 million Bitcoins in circulation right now, with a market capitalization of about 900 billion USD. Ethereum, the second-largest cryptocurrency, has a market capitalization of 200 billion USD. Ethereum is similar to Dogecoin in that it does not have a coin cap. Bitcoin and Ethereum have shown their strengths and limitations over time.
Bitcoin is regarded as a commodity, a way of earning money through investment. As a result, people are now purchasing Bitcoin and storing it. Bitcoin’s transaction fees are slowly increasing. It is also costly for everyday online spending. The transaction fees for Ethereum are also very high. Dogecoin has low transaction fees that look promising. Besides that, since miners will receive 5 billion coins each year, the Dogecoin transfer fee will remain minimal. Dogecoin transfers are ten times faster than Bitcoin.
As a result, this coin has a variety of options for development. A market capitalization of 180 billion dollars is possible. As a result, DogeUSD of 1per Dogecoin is not an impossible target. However, achieving a price of 100 USD per Dogecoin is a task. The US has a GDP of about 21 trillion dollars, while China has a GDP of 15 trillion dollars. If all of the countries’ GDPs were added together, the total GDP will be 87 trillion dollars.
The share price of Dogecoin will have to increase by 180 billion USD with every dollar increase in price. So, at 100 per DOGEUSD, the overall share price of Doge will be more than 18 trillion USD. Standard currency has more usage cases and functionality than cryptocurrencies. Normal money is the foundation of our entire economy. Cryptocurrency, on the other hand, is still in its development. It is only known by a few people and is not commonly accepted. In addition, cryptocurrency is extremely unpredictable.
As a result, predicting which one will become a mainstream cryptocurrency is difficult. Dogecoin would never exceed a value of 100 USD per coin. However, on comparing Bitcoin and Ethereum with Dogecoin, we believe Dogecoin will eventually hit 1 USD because it has much more potential than Bitcoin.