Ten Dollar Dogecoin is Possible. Here is how
Dogecoin currently sits at around 30 cents per doge. The price of dogecoin is expected to reach 10 dollars in the near future. The path to a ten dollar dogecoin is going to be a long one, but there are some key dates which have just been announced which could indicate the dates where this does happen next year or the year after.
Positive catalysts always make the coin go up if there’s enough attention on them and if people believe it, that’s what makes the price of the coin going up. If you know about cryptocurrency, you’ll know that for the price to increase, especially on these parts, it is mainly based in the announcements. A negative catalyst can bring the coin down and vice versa.
Examples of very positive catalyst.
Elon Musk tweeted on April the 1st that SpaceX would put a doge coin on the moon. On April 17th, SpaceX won a two point nine billion dollar contract for the next lunar lander. NASA will pay Elon Musk, SpaceX two point 9 billion dollars to build a lunar landing system to ferry astronauts to the surface of the moon, according to a contract signed by the company on the 17th of April.
I think this could be absolutely insane because this is not impossible. Right now we’re in a bull cycle, which is basically when a crypto comes into fruition. So if we look at something that can accurately predict where the price of bitcoin will always be, we need to look at and model called the after effects model.
The after effects model
This is a model that predicts where Bitcoin is going. So let’s take a look at the Bitcoin to see as to cross model. Now, this means that this should follow a graph that probably not is not saying hundred percent goes like this, meaning that Bitcoin is likely to break the one hundred K barrier.
In five years, dogecoin is going to have to boast, I think, a one point nine trillion dollar market cap, which means it would be over Bitcoin. And by the looks of things, we’re not even halfway into this bull cycle yet. Dogecoin could even more increase, guys. So allegedly by this model, which could be outdated and maybe it won’t work.
Bitcoin is likely to reach the million dollar mark. It’s going to be crazy. Bitcoin will be crazy, right? And you have to think that one point 9 trillion dollars isn’t too shabby and a ten dollar Dogecoin price isn’t something that’s crazy anymore.