Dogecoin Can Get to Ten Dollars?! Here Are The Reasons Why This Can Happen!!
Dogecoin is a peer-to-peer decentralized cryptocurrency that enables you to send money online easily. Doge has scope to rise to a dollar, three dollars and ten dollars as well. And there are many reasons Dogecoin can get to ten dollars. The amount of currency and supply will keep a lid on the price of doge, and this is designed to ensure that the currency is continuously available for millions of people across the world.
Major companies accepting Dogecoin
Businesses across North America and Europe have begun accepting Doge as a payment medium. The Dallas Mavericks, owned by Mark Cuban, is one of the major companies accepting Doge.
The additional demand stemming from its increased use cases will equally make the currency rise to ten dollars. Doge can get to 10 dollars because businesses are increasingly warming to the currency. The total number of users is set to rise over time, making it a bulwark and cryptocurrency markets.
Celebrity endorsement and tweets from Elon Musk will make Dogecoin hit new highs
A celebrity endorsement and continuous tweets from Elon Musk will make the currency hit new highs. Primate’s notes that while there will be winners and losers, it’s unlikely that any set of events will cause Doge to get to ten dollars. The long run trend suggests that the cryptocurrency will likely rise over the long run. Dogecoin is driven based on trading fundamentals and events such as celebrity endorsements and acceptance in major corporates.
The Doge community is growing fast
The Doge community will grow and continue to support from Elon Musk and other celebrities will continue to prop up the currency. The fact that the mainstream media is latching onto the currency and the Doge community is rising suggests that more and more people will buy Dogecoin.
The cryptocurrency market is cyclical and goes through bull and bear markets of varying degrees. The fact that it’s being traded on major currency exchanges and used across North America and Europe will equally boost the currency’s adoption demand for it.