Its nothing more than a speculative play at this point, which offers nothing to the long-term crypto investor. Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. WebSo in other words to put it simply for DOGE to reach $10k is roughly equivalent to BTC reaching 70 million dollars. The price of Ripple is estimated to reach around $1 to $2 dollars max by the end of 2022. and our If Dogecoin reaches $1 valuation per token, the total market cap of Doge would be $180 billion. However, in the long term, cryptocurrencies such as Dogecoin need to offer real value to their owners if it wishes to sustain its bull run. Privacy Policy. Dogecoin is lower by 2.06% at $0.068 Monday. To see 10,000 QNT will need some real world deployment by big players. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. Ethereum would need to rise some 510% from current levels to reach $10,000. What Happened: what are you waiting for? Each token has its unique aspect and uses in the Shiba environment. Cookie Notice Will the Doge Killer (LEASH) Reach $10,000? EtherRock 38 purchased for 555 Ether($1,730,961.75)21 mins ago (Aug-26-2021 08:14:19 PM +UTC)Txn: https://t.co/f89o4Rz3k7#EtherRock #EtherRocks pic.twitter.com/1xa8qwXLTg. The LEASH token holds the same animosity towards any other dog-meme token (especially DOGE) and plans to kill it forever (pun-intended). The Shiboshi NFT characters will also be featured in the upcoming Shiboshi Game, where players can use their NFTs for strategic gameplay. Monthly NFT sales also average at $900 million in August, according to NonFungible. Moreover, the U.S. Treasury Department has called for stricter cryptocurrency compliance with the laws laid down by the IRS, as they potentially pose tax evasion risk. Just a $10,000 investment in the struggling movie theater chain would be worth $129,765 now. Ethereum remains the dominant platform for blockchain applications, but the technology is rather new. The system forecasts a +21% move from $1,429.25 to $1,731.51 over the next month, Leash has a price prediction of $2,466.30 in over a years time.. Binance NFT Marketplace has announced the launch of The Sandbox NFT Staking Program, allowing users to stake their $SAND tokens and earn exclusive NFT rewards. The Ethereum 2.0 upgrade is going to make things more scalable for every crypto project currently hosted on the ETH platform. It would be nearly impossible for Dogecoin to reach $100, because there isnt quite enough money in the whole world. Therefore, people now buy Bitcoin and hold on to it.. Similar to Dogecoin, Ethereum also doesnt have a coin cap., Over the years, Bitcoin and Ethereum have shown its strength and weaknesses., Nowadays, Bitcoin is considered as an asset, an investment vehicle to grow money. WebIf Dogecoin reaches a price of $1000, the exact price of all the Dogecoin in circulation will be 129,637,821,960,000. Reproduction in whole or in part without permission is prohibited. On the other hand, Dogecoin has promisingly low transaction fees. banking executives forecast a "seismic" shift, Elon Musk Twitter Mockery: SpaceX CEO Punches Back at Jeff Bezos Amid Lawsuits, Monsta Infinite Earning Potential: Roadmap, $MONI Token Worth, Gameplay and MORE, Microsoft to Remove Teams from Office Bundle Due to Antitrust Issue, Yelp Will Now Use Video Reviews and AI in the App's Search Feature. Ethereum remains the dominant platform for blockchain applications. Privacy Policy. Several investors are carefully observing market trends for the next big surge where they could grab quick profits. Lightning Labs Releases LiT-D: A Unified Platform for Simplified Lightning Network Node Management. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The unique aspect of LEASH is its tokenomics, as it, Twitter is the battleground for all cryptocurrencies its how they thrive in the digital world. It has quite evidently lost its thunder, and though it could possibly reach the $1 mark, its not crypto that you can invest in for the long term. It doesnt make any sense.. Furthermore, Dogecoin transfer time is 10x faster than Bitcoin., So, theres the tremendous growth potential for this coin. Scan this QR code to download the app now. At this price point the total market cap of DOGE (value of all 2023 iTech Post All rights reserved. Many people dont trust the US government. Dogecoin significantly dropped from its $0.35 trading value in the last couple of months, resulting in bearish sentiment. At the time of writing,Dogecoin is at $0.29 trading values, with a 9.2 upward trend in the last 24 hours. Six hours before this article, Dogecoin dropped to $0.26 but immediately recovered afterward. This article is not intended as, and shall not be construed as, financial advice. Dogecoin reaching $1 is a distinct possibility. This would be less than 50% higher than the all-time high of about $0.70 per DOGE. The question can Dogecoin reach $100, or $1, or any price for that matter, has to do with two things: DOGEs market cap and its mining dynamics. This article contains links to third-party websites or other content for information purposes only (Third-Party Sites). Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion, the Treasury said. Any transfer over $10,000 will have to be reported to the IRS. Yes, Dogecoin can reach 10 dollars, at least in theory. This article is intended to be used and must be used for informational purposes only. Elon Musk is the founder of X.com, which later became PayPal. However, be warned that its trade value could be priced between $0.22 to $0.64 anytime this week. WebTimes the amount of Dogecoin times 10,000. Notably, Ethereum also expanded its network to non-fungible tokens (NFT) trading. With LEASH crossing the $2,000 mark in the past 24 hours, theres a high chance that with the launch of the Shiboshi NFTs, the LEASH token could potentially continue this rally further. The meme crypto is higher by 7.05% over the past week. However, with no inherent value nor utility, Dogecoin is likely to fall flat in the future. However, there is one problem a sufficient amount of money should be put into Dogecoin to get the meme coin to the $10 level. Therefore, $1 per Dogecoin is not a pipe dream. Meme Investing has taken center stage this year, and Dogecoin (CCC:DOGE-USD) has had a major role in this phenomenon. Epic Games alum Mike Seavers is set to join web3 giant Yuga Labs as Chief Technology Officer (CTO), according to recent announcements. On the other hand, investors need to be careful with the a Doge sinceit might drop to $0.22. LEASH might not be as popular as Shiba Inu or Dogecoin but it still leads the dog pack with the highest price among dog-meme tokens! His tweets introduced the cryptocurrency to millions of his followers and created a market frenzy. Both Shiba Inu (SHIB) and Bone ShibaSwap (BONE) tokens act as a supporting pillar to LEASH, as the huge following of both these tokens especially SHIB helps in stabilizing and often increasing the price of the LEASH token. Muslim holds a bachelors of science degree in applied accounting from Oxford Brookes University. Therefore, he knows what he is talking about. From what Ive seen, this seems completely impossible due to many reasons but Id like Woah, thats For more information, please see our ET There are not entirely outlandish arguments to However, despite the bullish environment of the crypto market and the LEASH charts, the volatility and risk factor must be kept in mind, especially when trading in meme cryptocurrencies. It doesnt matter if you have $500 in savings or $5 million. Though its fees are lower than industry giants like Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD), it is priced significantly higher than many altcoins. Muslim Farooque is a keen investor and an optimist at heart. Even Tesla and SpaceX CEO Elon Musk believes that Dogecoin is underestimated. Shiba Inu has a total supply of 1,000,000,000,000,000, which is one of the main reasons why the dog-meme token will Yes, Dogecoin can reach $10. Canadas Yellow Pages Confirms Data Leak Caused by Black Basta, The Perfect Wallets For Hanging Out With Your Friends, Apples Refurbished 2023 MacBooks May Soon Be Available on Its Online Store, Brave Removes Microsoft From Web Browser, Search Engine, ChatGPT Now Available in Italy Again After Temporary Ban. Let me write that in words: 129.64 trillion dollars. It remains a highly speculative asset, and with 20% to 30% daily volatility, its not a great store value per se. Dogecoin has been dubbed the peoples currency thanks to its popularity among retail traders, celebrities and influencers. Earlier we concluded that it will be nearly impossible for Ripple to reach a value of $1,000 per coin in the near future. Its been subject to numerous wild trading swings in the past few weeks, showing that the tide is already swinging. As treasury printing money, the government adding debt recklessly, and inflation soaring, many are dissatisfied. Many crypto analysts believe that the LEASH token has a high potential of price appreciation in the near future. Get the Most Popular iTechPost Stories in a Weekly Newsletter. For each dollar increase in Dogecoin price, the market cap would need to rise $180 billion. Benzinga does not provide investment advice. 2023 Reddit, Inc. All rights reserved. Yuga Labs Hires Former Epic Games CTO Mike Seavers. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Do Not Sell My Personal Data/Privacy Policy. Financewarned dangerous trading levels if the coin dropped below the $0.27 trade marker, where the coin could dip at the $0.22 price levels. With these two factors, Ethereum is getting stability and market activity which could significantly boost its value over the next few months. Do you feel the rage in the eyes of this (imaginary) rabid dog character? The LEASH token rides the social influence of the Shiba Inu token and also its own popularity, and according to crypto analysts, this is the biggest factor behind the success of the Doge Killer and the Shiba Ecosystem on every social media platform. Here are the full results from this weeks survey: According to our Benzinga team, a $10,000 ETH is possible within the next few years. The market size was valued at $68.9 billion in 2022 and is projected to reach $264.08 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 17.6% By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. This survey was conducted by Benzinga in July2022 and included the responses of a diverse population of adults 18 or older. Its already prohibitively high enough to be useful for daily retail transactions. Dogecoin Market Cap Today's Change (-0.00%) -$0.00 Current Price $0.08 Price as of April 26, 2023, 6:41 a.m. and our In five to 10 years' time, cryptocurrencies might even replace traditional fiat currencies. By the end of 2030, there will be 180 billion Dogecoin in circulation. Although Dogecoins returns have been staggering, the reality is that they have been driven by hype and misinformation. From what Ive seen, this seems completely impossible due to many reasons but Id like to hear some other peoples opinions. The post Dogecoin May Hit $1, But Its Not a Good Play In the Long Term appeared first on InvestorPlace. The Shibu Inu coin (SHIB) is the second largest meme coin and probably as useless as a crypto investment as the mother of all meme coins Doge. Still, laugh all you like. Doge is worth $17.9 billion and trades over $341 million a day. Shiba is worth around $14 billion and has a daily trading volume of $324 million. An analyst shared that Ethereum is likely to hit $10,000 by the end of the year. In the long run, Hayes expects gold to reach $10,000 on the spot, which, he thinks, would make hard money assets, including digital ones, more valuable. 7 Best Vaccine Stocks for Their Pipeline Potential. Moreover, as there are 5 billion coins per year for miners, the Dogecoin transfer fee will remain low. However, $1000 per Dogecoin is unachievable. I'm a technical author and blockchain enthusiast who has been in love with crypto since 2020. Analysts say that the ETH market has a huge potential for growth in the coming months, so cryptocurrency holders should reconsider their long-term investments. Several investors are carefully observing market trends for the next big surge where they could grab quick profits. As of now, the price of the LEASH token and current technical indicators point towards a bullish sentiment. The much wow innovative crypto-currency. Furthermore, Dogecoin and other digital assets could face serious regulatory crackdowns globally. Lets explain., The US has a GDP of around $21 trillion, and China has approximately $15 trillion. The crypto market sentiment is bullish right now, and the LEASH token has taken full advantage of it by more than doubling its price from Oct. 4, which was trending around $850. The views and opinions expressed in this article are the authors [companys] own and do not necessarily reflect those of CoinMarketCap. Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion, Dogecoin May Hit $1, But Its Not a Good Play In the Long Term, UPDATE 1-Florida board to countersue Disney, Stocks mixed as JPMorgan Chase takes over First Republic: Stock market news today, UPDATE 1-GM cuts several hundred full-time contract workers, NIO reports EV deliveries jump more than 30% in April. More countries are also likely to follow suit in developing their own set of regulations. To emphasize, Dogecoin recovered from its dangerous trading levels, saving investors from losing their money. Dogecoins enthusiasts believe that it provides real value to its users, particularly in lower transaction fees. In order to keep the network secure and operational, theres always an incentive of 5 billion coins per year for miners. From our experience with Bitcoin and Ethereum, we expect that Dogecoin will reach $1 because it has far more potential than Bitcoin. $10 per Dogecoin is also likely within this decade. There is nothing to say that DOGE will not break the $10,000 barrier one day, but you should exercise extreme caution. A major reason is that in the first 24 hours, the Shiboshi NFTs can ONLY be bought with LEASH, which means that the trading volume of the Doge Killer token may experience a big increase along with considerable price appreciation. However, its impossible that Dogecoin will ever get to Top Stock Picker Reveals His Next Potential 500% Winner. On the other hand, investors need to be careful with the a Doge since it might drop to $0.22. The dominant ranking factor for this crypto asset is Social Following., Our Forecast System predicts that Leash could possibly increase in value in the short term by +6% to $1,520.28 from $1,429.25. So that will initiate it becoming a deflationary asset.". According to the official announcement, this project is ready to giveaway $10,000 for votes in the first-ever Love Hate Inu poll by simply submitting your email address. Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Towards the end of the year, beginning of next year, we'll have about a million worth of ethereum coming out of supply. The most amazing place on reddit! It is possible. Cryptocurrency is also highly volatile., Nevertheless, Bitcoin, Ethereum, and other cryptocurrencies have shown great potential. WebCan Dogecoin cryptocurrency hit $10? This surprised me: yes. Please click here to learn how. WebDo you think it is possible for dogecoin to reach $10,000 (if so how and when)? Shiba Inu has a total supply of 1,000,000,000,000,000, which is one of the main reasons why the dog-meme token will take a significant time to reach its long-term target of $1. Do this now. All rights reserved. WebRight now we are early, because price action is being driven by retail investors who like the charts and fundamentals. Copyright 2023 iTech Post All Rights Reserved. Today, its market capitalization exceeds $50 billion, which is higher than several big names trading at the stock market. , If you have any additional questions, you can always contact our support via email, xn--80aa3agjl3d.xn--80adivwhn5n.xn--j1amh , xn--80aa3agjl3d.xn--80adivwhn5n.xn--j1amh , Domain "xn--80aa3agjl3d.xn--80adivwhn5n.xn--j1amh" is not parked, , . Finance report Kaspar said, "Investors are still using crypto as a favorite tool to hedge against inflation. LEASH, on the other hand, has a total supply of just 107,647 tokens, which means that with the rising demand for the Doge Killer token, the price of LEASH can skyrocket much faster than Shiba Inu or any other token that has a huge token supply. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The social media craze for LEASH is no less and its huge increase in price is solid proof of the influence social platforms can bring in the Doge Killers price. Even if single crypto becomes the worlds de facto crypto still, theres no possibility that Dogecoin will ever become more valuable than the whole worlds GDP. Celebrity endorsements have had an incredible impact on the cryptos price. Dogecoin offers virtually no utility to its owners in comparison to other cryptocurrencies. Stock Prodigy Who Found NIO at $2 Says Buy THIS Now. Our whole economy revolves around traditional money. The study reflects results from over 1,000 adults. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Therefore, to achieve $10,000 is even more unlikely. The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. 100 yes . On the contrary, cryptocurrency is still in its infancy. Given the market cap requirements for a price of $10000 reaches thousands of trillions, it is quite impossible for Dogecoin to reach $10000 Note: Crowdwisdom360 This week, we posed the following question to over 1,000 Benzinga visitors on cryptocurrency trading and investing: Which will happen first, Ethereum ETH/USD at $10,000 or Dogecoin DOGE/USD at $0.50? Binance Launches The Sandbox NFT Staking Program. A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. With the king of cryptocurrencies trying to reclaim its former glory, all digital currencies including Shiba Inu and LEASH have shown massive gains in their overall price in the past few days. This year in particular in it has surged to new heights following several tweets from billionaire Elon Musk, often referred to as the Dogefather. Related Article: Monsta Infinite Earning Potential: Roadmap, $MONI Token Worth, Gameplay and MORE. Analysts fromYahoo! The price of Dogecoin is largely based on hype and network effect, which by nature is an exponential r/dogecoin Can this actually reach $10? Opting into the survey was completely voluntary, with no incentives offered to potential respondents. Ethereums transaction fees are also high. Finance. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. A $1,000 dogecoin purchase on Jan. 1, 2021 at a price of less than a cent per coin would be worth $121,052 at Wednesdays high of 69 cents, a gain of more | by randerson112358 | DataDrivenInvestor Write Sign up 500 Apologies, but something went wrong on our end. The race is on for it to eclipse the $1 mark, and though its plausible, its clear that the crypto will falter in the long run. Can Dogecoin Reach $1, $5, or $10 ? However, its impossible that Dogecoin will ever get to $1000 per coin. The second-largest crypto Ethereum has a market cap of $200 billion. To reach the cheery $100 price, the network would need to attract investments worth at least $10 Trillion which is more than 5X the entire crypto industry market capitalization today. This week alone, a cartoon image ofa rock sold for 555 ETH, more than $1.7 million equivalent. Every $1 that the Dogecoin price were However, not many currencies share the madpower of the. With such a killer name and objective, the LEASH token is on a relentless mission of killing Dogecoin with the help of its ever-growing LEASH community. $10 per Dogecoin is also likely within this decade. Reply . Bitcoin has seen a solid price gain and currently trending in excess of $50,000, an appreciation that was last seen back in July. Because of its nature, Dogecoin has defied logic, spiking at insane profits and dropping without market warning. Its absurd. Join the thousands already learning crypto! I just say YES. Doge coin will definitely hit $1 someday, and once it hit that it would hit $5 very quickly since cryptocurrency is so volatile. Obviously it would not just go up and up only, it will also show small small crashes while growing to the moon. Follow this article for Dogecoin Live Updates. Do not reproduce without permission. Dogecoin started as a joke online, and shot up over 11,000% in value in the past 12-months. Earlier this year, in February, Raoul Pal, a former Goldman Sachs GS executive, said that Ethereum ETH/USD could reach $10,000 by 2024. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. The transaction cost of Bitcoin is rising steadily. So, for $1000 per Dogecoin, the total market cap of Doge would be more than $180 trillion, two times that of the worlds economy. In a Yahoo! Moreover, widespread adoption remains a concern. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (thats right, millions love us!) The good news for LEASH holders is that the ShibaSwap platform is soon going to launch Shiboshi NFTs a collection of 10,000 lovable creatures. A market cap of $180 billion is not impossible. More predictions for Ethereum and Dogecoin are coming in, but not everything is good news. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. When the ETH 2.0 upgrade happens, it will attract a lot of crypto projects and users, which will increase the worth of the Ethereum blockchain along with the crypto projects already hosted on the platform. https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/. Wider acceptance, faster and easier transfer are a few of them. As more and more developers learn to use the Ethereum network over the coming years, more dApps will exist on Ethereum, and more users will be drawn to the network Read More. If we sum up all the countries GDP, the total GDP would be $87 trillion., Source: https://www.statista.com/statistics/268750/global-gross-domestic-product-gdp/. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. If Dogecoin is very unlikely to reach 1000, then $10,000 is a pipe dream. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. An analyst shared that Ethereum is likely to hit $10,000 by the end of the year. How Has Fiber Technology Contributed To Sustainable Development? Scan this QR code to download the app now. Therefore, its tough to predict which one will become mainstream cryptocurrency. Only a few people know about it, and it isnt widely accepted. The Shiba Inu ecosystem consists of three major tokens SHIB, LEASH and BONE. Here are the full results from this weeks survey: Ethereum will reach $10,000 first: 41.3% Cardano will reach $5 first: 23.7% Dogecoin will reach $1 first: 35.2%. This launch, if wildly successful, could boost the price of tokens present on the Shibaswap platform. Never going to happen. 2023 Benzinga.com. Can Dogecoin reach $10,000? The Shiba ecosystem operates on the Ethereum blockchain, which means that the upcoming ETH 2.0 upgrade can have a massive impact on the price of every token, including LEASH. Now, she is forecasting that the market cap could hit $8,000 to $10,000 sometime in 2021. Social Media Craze of the Shiba Ecosystem, From a narrow-angle, the LEASH token may seem like any other project, as it fell from its. As it stands, all the countries GDP combined is not enough for Doge coins to even reach However, you might continue to see spikes in its price in the short term after a tweet from Elon Musk or a viral TikTok video. Magnetic Managing Director Megan Kaspar shared the sentiment in her prediction with Ethereum, as reported byYahoo! At the time of writing,ETH is valued at $3,254.32, with a 5.4 percent upward trend in the last 24 hours. Its not that crazy high., There are currently around 18 million Bitcoins in circulation, and it has a market cap of about $900 billion. Thats why over the years, Bitcoin and other cryptocurrencies became popular., Still, the regular currency has superior use cases and functionality than cryptocurrency. She accurately predicted ETH's price spike to $3,000 when it was still trading at $1,000 in January. Every coin has pros and cons. For more information, please see our Speculative investing by institutions could drive us to 3-4K. Until Oct. 4, 2021, the LEASH token was priced around $850, however, from that point on its price touched a high of $2,535, a level which was last seen in July 2021. As per our Doge Killer analysis, today the investment has a 2.0 out of 10 safety rank and +873.8% expected ROI with the cost going to $7,468.97. The much wow innovative crypto-currency. : dogecoin. #Uptober is in full trend and the Bull Gods are shining down on the crypto world. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Heres the basic math (and remember market cap = total number of coins * price per coin). The most amazing place on reddit! Its current market cap (at $.21 a coin) is $28 billion. Lightning Labs has unveiled its latest offering, the Lightning Terminal Daemon (LiT-D), aimed at simplifying the management of Lightning Network nodes. However, Dogecoin will never reach $1000 per coin. China has already banned the use of cryptocurrencies for financial institutions, and more countries could follow suit. ETH continues to process a high volume of transactions, it remains the leader in the dApp and decentralized finance (DeFi) space and seems poised to improve its scalability. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. But still, its not enough to replace the US dollar., There are hundreds of cryptocurrency. To reach $1000, TRON would need to amass a $100 Trillion market capitalization. Not only that, the much-anticipated upgrade will also lower gas fees, improve transaction speeds, resolve environmental concerns, and increase the overall value of the Ethereum blockchain. Ethereum is otherwise higherby 10.64% over the past week, Ethereum would need to rise some 510% from current levels to reach $10,000, Dogecoin is lower by 2.06% at $0.068 Monday, The meme crypto is higher by 7.05% over the past week, Dogecoin would need to rise 635% from current levels to reach $0.50. Ethereum has been doing relatively well in these last couple of weeks, do much so thatbanking executives forecast a "seismic" shifthappening.
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can dogecoin reach $10,000