There is a turning point in the life of every cryptocurrency where that decides its future. If it’s going to become a credible one, or its price will drop and it will become an insignificant participant on the market. There’s no crypto we have on the market that didn’t have this turning point. If you have been present on the market for a long time, you know which ones haven’t managed to become popular. At this moment, we can see that a cryptocurrency called Dogecoin is at this turning point. It approaches that critical demanding zone. If we’re to believe the opinion of experts, it will certainly establish itself as one of the major players. However, we can see that these predictions haven’t proved well for some of the digital currencies. If you are interested in seeing these previous predictions, we are sure you will have no problem finding them online. It needs to be said that this digital currency wasn’t intended to be a serious investment. Instead, the whole project started as some kind of joke. However, we can see that it managed to establish itself to a certain degree. At first, it was one of many altcoins that were intended to be some kind of alternative to the king of all cryptos, Bitcoin. Still, we can see that this is a peculiar case, different from a majority of those that were in this situation. This currency causes a lot of controversy in the world and has been stirring up interest for a long time. But, there are some indications about what could happen in the future. In this article, we want to talk about whether its price will rise and what future awaits it.
If we talk about long-term prospects, then everything is a little more complicated, although the above-described dynamics are expected until 2021. That is expected that the value of tokens will gradually increase. However, these are only assumptions based on certain factors. In the world of cryptocurrencies, there is never 100% certainty, since at any moment everything can change, and radically. If you want to take a look at one of the credible predictions, be sure to check Godex. Therefore, the more long-term projections you want to make, the more difficult it is to make it. Nevertheless, to predict the future, it is important to understand what is happening with Dogecoin today. As we’ve said, we are going to elaborate on this subject.
There are also less rosy predictions from skeptics that explain the sharp rise in interest in the currency with the problems with BTC:
1. growing complexity;
2. high commissions;
3. long-term confirmation of transactions.
Because of this, people are starting to pay attention to less expensive coins with fast trades and low fees. However, Bitcoin developers promise to fix the above problems. This means that the excitement around Dogecoin will subside. Despite this, the currency will not disappear completely, as it is an excellent tool for making small payments.
According to Jackson Palmer: The rise in the rate is mostly a sign of speculative activity that envelops the entire cryptocurrency community, including Dogecoin;
At the same time, Palmer argues that in the cryptocurrency world, attention is focused more on the investment potential of coins, regardless of what technologies they are based on.
Hence the answer to the question of what will happen to Dogecoin in the future. And according to the same Palmer, Dogecoin, together with Ethereum, has a ten-year perspective, after which these currencies will disappear. As you can see, this is a bold statement.
If you ask us, there is no way a prediction can be made at a moment like this. The case of Ethereum is quite clear. A lot of online casinos from all over the world have adopted it recently, which had a positive influence on the recent value growth. We will just have to wait and see.
In general, the developers did not have a goal to create an expensive virtual coin, so the current situation surprised almost all members of the DOGE team. Max Keller also agrees with colleagues. Nevertheless, the team is quite happy about Dogecoin’s “second wind” that has opened. If we were to listen to them, their product will manage to survive all the obstacles and struggles.
The largest market players refrain from loud statements about whether Dogecoin has a future. But most of them agree that the future depends, among other things, on the actions of institutional , as well as on government agencies about virtual money. Certainly, the wider adoption will surely have a massive influence on its future, as it had on all other digital currencies, especially their prices.
DOGE price prediction for 2030
Forecasting prices over a long period includes many factors since it is necessary to take into account the possibility of unforeseen events – 2020 is a very vivid example of this. We can see that pretty much all the digital currencies have suffered a massive price drop, and there was a possibility that many of them will cease to exist. Thankfully, that didn’t happen, and we can see they are still around. After the drop that happened in March 2020, a majority of them have recovered their initial price. In fact, we can see that Bitcoin experienced exceptional growth and it reached its record value of $61,000. Nowadays, the price declined once again. However, we have no doubt it will jump once again in the future. Cryptopolitan’s dogecoin price prediction 2030 looks promising as the DOGE currency is showing pretty strong performance. Partnerships and collaboration news can add value to the Dogecoin blockchain, leading to faster adoption rates. The DOGE price forecast for the next decade assumes its value at $ 0.2. Once again, we would like to say that we will just have to see what will happen in the future.
Summing up, I would like to note that there are always skeptics and fans who create eternal disputes. Taking one side or the other is not worth it. It is worth listening to the arguments of both sides and making your decision. However, the words of the DOGE team members still carry quite a lot of weight. Therefore, taking into account the statements of the developers, we can conclude that there are prospects for the development of Dogecoin. Nobody knows how many years it will last. This is influenced by too many factors that cannot be predicted. It all comes down to a simple sentence we’ve used earlier. We will just have to wait and see.