Dogecoin Price Reaching the Moon - When?
How did it start?
Dogecoin (DOGE) is a cryptocurrency created around 2013 based on Bitcoin source code to be a parody, or a joke. This joke lost its fun when the community grew and the project started to attract the attention of people who did not have an equal point of view, just a joke.When the authors of Doge saw that everything was getting serious, this joke started to go awry, and they tried to leverage some features of the project to create something useful, but made some progress.
To the moon ?
If you buy , 1,000,000 DOGE at 0.001$ then you spent 1000$ for it . If it goes 2 cents as it ATH is . That 1 Million Doge is now 20K making you 19,000 dollars richer . It does not go to the moon per se, its all based on the percent of pump . Hey gimme upvotes . I worked hard for that !
Why can't she appreciate herself?
This crypto has only volunteer developers. While their author, Palmer, recognizes that they all have the ability to keep the ecosystem up to date and safe, over-expected growth opens up gaps for failure and requires dedicated attention that, at least for now, cannot be missed by volunteers.
The worst problem is, while Bitcoin and altcoins are for real purposes, for problem-solving purposes, DOGE has no foundation, it is a groundless movement driven by community strength.
What if someone takes partenity?
Do Doge lovers, who have this crypto in their wallets, ever wonder if anyone decides to believe in the great doge community?
If the currency were revised giving a meaningful purpose, a purpose to it, and then reducing it to less than half of its current supply, can you imagine where the doge would go?
1.1 As of today dogecoin cryptocurrency, having been created on the basis of 'fun', kidding, will be aimed at tips for street performers, humorous nincho youtube channels, humorists etc - finally a purpose.
1.2 Now that we have a purpose, your current supply of 120,787,587,000 in circulation will fall to 87,587,000.
I know there is a lot more to a project, but simple revisions to a currency like a doge that has its own strength from a community that believed in it when it didn't believe in itself could have a big result.
So image the doge's future worth $ 40 dollars ... $ 60 .. $ 100.
If you buy, 1,000,000 DOGE at 0.001$ then you spent 1000$ for it . If it goes 2 cents as it ATH is. That 1 Million Doge is now 20K making you 19,000 dollars richer. It does not go to the moon per se, its all based on the percent of pump. Hey, gimme upvotes. I worked hard for that!
Basically it all boils down to the Market Cap and the total Circulating Supply. And the definition of “Moon”
Just like I said if 1 Doge is 0.001 Cents and it goes to 0.01 Cents, that's a 10X increase relevant to its Market Cap .
It won't go “Moon” like bitcoin to be 20K per coin because of Circulating Supply but if DOGE has Market Cap of 50 Billion Dollars (Hypothetically Ofcourse) it would just cost 50 Cents per DOGE, which is 500X increase if you buy it at 0.001 Cents.