Bitcoin has it's own set of cultural connotations and meanings, as do dollars, euros, and even gold. It looks like generic post #1894 from a Bitcoin user who can't figure out Dogecoin is a happy joke with very few large investors, most of which tip and spend very often. That increase translated to a skyrocketing of Dogecoin… Less than a day after his appearance, however, Musk seemingly came to dogecoin’s rescue by posting a single tweet. “Similar reactions were noticeable after a number of Elon’s tweets relating to dogecoin, in which we saw a dramatic surge in prices before the hype dies out and its value declined,” notes Peter Hanks, an analyst at trading news site DailyFX. Dogecoin is a cryptocurrency based on Luckycoin (which is, in turn, based on Litecoin). In 2013, when it began, it was trading around $0.000232. Dogecoin price performance consistently mirrors that of Bitcoin. “The appearance over the weekend had been expected to mark a watershed moment for Doge, [but] comments from Musk sparked a sell-off in doge,” said Simon Peters, a crypto market analyst at the online trading platform eToro. The biggest threat to Dogecoin is one of their biggest advantages: their use case. This has led to increased popularity as it … Ah, one of those "[random internet thing] will never go global" things. Looks like you're using new Reddit on an old browser. Bitcoin is just as much pro-democracy as it is pro-China. When Elon Musk announced in late April that he would be hosting Saturday Night Live, along with the words “The Dogefather”, the price of dogecoin was just $0.25. Going by this momentum, it could go to $0.697 and $0.740. It has personality. Next Up In Business. Dogecoin is a high value buy for 2020 as predicted by experts. These Utah companies rank on the national list for best workplaces in 2021; Why Dogecoin is evolving in real time; Do you need a mask at Target? Also, dogecoin is just not designed to be as deflationary as bitcoin is. It spells one thing out clearly: N00BS NOT WELCOME. Never thought I would hear you say this, Putin. The live Dogecoin price today is $0.054616 USD with a 24-hour trading volume of $676,614,365 USD. The momentum of these gains could conceivably continue, according to some analysts, provided continued support and publicity from high-profile figures like Musk. This post will probably get downvoted on masse by the Dogecoin faithful but I wanted to post it here anyway so it is out there. It is anti-American and pro-American, anti-European and pro-European. Such doge. The way the market works, the price is only about the last trade and if the sellers hold back and the momentum is up, what’s to stop it.”. Dogecoin will NEVER expand beyond its current level. They are distributed monthly and used to weight your vote on polls. While most analysts claim that Dogecoin will never reach $1 per DOGE like TikTok users hope, CoinSwitch says that the price could double that by the year 2040. Bitcoin has zero personality. You have cash to spare and are willing to gamble with it. The price of dogecoin has increased in the past 24 rising by 3.91 percent as of Wednesday, May 12, at 7.29am. It has irony, and is even ludicrous. Unlike bitcoin, which has a finite supply hardwired into its code, DOGE tokens are inflationary, meaning the supply will never run dry. We will never sell one single Doge ever. Why is Dogecoin Going Up Now in 2020? What is your definition of success because it seems unrealistic? Dogecoin might rise if the traders focus on buying it and following any huge announcements or support from any famous celebrity. It belongs to the 24-30 year old New York media student set. Here's why one crypto exec says he still isn't buying Published Fri, Apr 16 2021 4:41 PM EDT Updated Tue, May 4 … I don't think anyone who believes in Doge thinks it is supposed to rival Bitcoin in anyway. Only two cryptocurrencies have been blessed by Tesla CEO Elon Musk’s Midas touch: Bitcoin and Dogecoin. This is what it means to be global, and that's where it's beauty lies. It is cool. People want to look in the mirror and see their own reflections, not the reflections of strangers. I haven't looked into any doge processors, but if I can accept doge and get paid out in cash or btc I'd sign up. You may think this has something to do with Bitcoin, but it doesn't. Today it is often used as an entry-point into the crypto world. OP doesn't know what global means, he just doesn't like dogecoin. My dad is now going to recommend ALL of his clients install a dogecoin payment processor on their e-commerce websites. Why will Dogecoin succeed? > 3 years account age. It all started earlier this month when the token shot up to about 45 … Its use case is already taken up by bitcoin and other more serious projects. You may think this has something to do with Bitcoin, but it doesn't. To be precise, the price to buy a single Dogecoin jumped by 150%, from $0.0026 to $0.0065, within three days from Aug. 29 to Sep 1. Why does Doge need to be a Global store of wealth to be successful? Everything has a personality. Dogecoin could turn into a real currency to spend rather than hoard. True to his word, the self-proclaimed Dogefather made several mentions of cryptocurrency throughout his performance, even joking that he had bought some for his mother for Mother’s Day. https://www.thesun.co.uk/money/13884696/dogecoin-what-is-price Dogecoin, the cryptocurrency based off a viral dog meme from nearly a decade ago, surged 30% on Tuesday to set a new record high at more than 50 cents per coin.. When do you anticipate ANY company advertising that they accept Dogecoin, outside of fellow neckbeards selling their used wank tissues after whacking off over "le funny memecoin XD SUCH MEME VERY LAUGH XD". Sorry. the mission would be funded by the cryptocurrency, Booking.com discount code: 10% with Level 1 Genius membership, Use this Debenhams discount and save up to 70% on men's lines - Spring offer, 20% off fitness with this exclusive Ideal World promo code, Receive a £2 AliExpress promo code with the official App, Argos discount code for 15% off selected Samsung Galaxy phones. A blank canvas with no voice; just a technical means. The leading community for cryptocurrency news, discussion, and analysis. It does not have a unified community that engages in unified campaigns. Dogecoin falls as much as 29.5%, dropping to 49 cents, during Elon Musk's SNL debut. The trouble with doge however is that it doesn't understand why Bitcoin is global. It is just as much pro-Obama as it is pro-Putin. No company wants to be associated with some kind of internet joke. And despite the huge price swings, dogecoin remains the top performing major cryptocurrency over the last 12 months. Already more than 128 billion DOGE have been mined. It has to do with shit loads of people who are about to find out the hard way what happens when a pump and dump occurs. It is not cool. The @dallasmavs have done more than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE The exclusive, high-brow suffers no fools community. I watched Bitcoin from the beginning (and am kicking myself now, of course), and you know why I didn't get involved? Today we see economic situations breaking down in the Ukraine, and Argentina, and even China. This is how retarded Dogecoin people are. You can also exchange one Dogecoin for 0.00000851 bitcoin(s) on major exchanges. It has a refined community morality that is distinctly American of liberal undertones. Besides, I would rather see Dogecoin as the currency and let Bitcoin fill the investement role. Dogecoin — a cryptocurrency that uses the Shiba Inu dog for its logo — recently surpassed 10 cents in value for the first time in its history, which is a huge markup from its value of $0.0023 cents back in summer 2020. The main reason why the price of Dogecoin is struggling is that it is heavily inflated. First off, Dogecoin is already successful. The joke currency Dogecoin spiked to 47 cents this morning, after starting the year worth less than a penny. Bitcoin will inevitably benefit as situations destabilise. “Excitement for Doge’s Saturday Night Live debut will carry over into tokens with proven utility,” says Nick Spanos, a prominent investor within the cryptocurrency space. When I am sitting on my bed in Germany exchanging currency with somebody from the US, that looks pretty global to me. It also affects the chance of success a lot. Very little OP wrote is reasonable at all. Still, it is unclear why the site believes the asset’s value could appreciate that much and reach such substantial DOGE coin price prediction. Want to bookmark your favourite articles and stories to read or reference later? It is universal. If you are spending it, then you are in the spirit of the coin. The price of dogecoin has bounced between $0.73 and $0.42 over the last two days, and it all appears to be the result of a single person … Dogecoin is a decentralized digital currency based on peer-to-peer technology allowing users to transfer money online. This is dead on. Source: I'm constantly on business trips to China/ many chinese friends, My dad is a consultant for small food companies and one of his clients decided to accept dogecoin and post on reddit. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Dogecoin might be a relic of the early crypto meme scene. During the price falls of March, July, and September, Dogecoin was falling along with the market. The price of dogecoin has bounced between $0.73 and $0.42 over the last two days, and it all appears to be the result of a single person and the market sentiment they can conjure. Here's the problem: Dogecoin is way too middle class America to conquer the globe. So true. As the price of dogecoin rocketed, there have been some big dips in the price over the past few hours. Measuring Dogecoin price USD value we see that it moved from below $0.01 ($0.0077 to be precise) at the end of January to above $0.08 a week later. Nothing is truly neutral. Eventually, the joke will stop being funny and the project will get delisted and effectively killed by the exchanges. The price dive began towards the end of the show, when it became apparent that Musk wasn’t going to make any major announcements, and even suggested that the cryptocurrency itself was “a hustle” of some kind. After SNL, one crypto market analyst believes its astonishing rise could be replicated by other fringe cryptocurrencies, Find your bookmarks in your Independent Premium section, under my profile. During the frenzied sell-off, Robinhood experienced an outage in its crypto trading. OP is correct, dogecoin is what it is. It's entire image belongs alongside Gap adverts, and Apple iPod adverts, and other adverts where multicoloured balls randomly fall down the streets of San Francisco. Here we go again — Dogecoin has risen 400 percent in the last week because why not Dogecoin rallied after Elon Musk tweeted a photo of "Doge Barking at the Moon." Reasons for Dogecoin to go up and rise in price are scarce. I shipped a package to Guatemala for dogecoin and the receiving person was not in the age range of liberal American's that he is clinging to. But in the end it proved anti-climactic, at least for the market. It is supposed to be fun... and it is useful for micro transactions. Bitcoin is hardly neutral. However, as of May 2020, there are several reasons why investing in Dogecoin might prove lucrative. But those are also the least related to the actual usefulness of the coin in-principle. (e.g Dogecoin could easily be pro-Hilary 2016.). Also, I am pretty sure the liberal 24-30 year olds are a good group... better than... over the hill conservatives? Users were unable to sell their holdings in bitcoin and ethereum because of technical difficulties. The cryptocurrency has never been at $1. One Dogecoin (DOGE) is currently worth $0.43 on major cryptocurrency exchanges. When I finally started to get interested in mining, do you know what I found on Google first? The bitcoin price went higher and higher. Moons reward posters, commenters, and moderators for their contributions to the subreddit. Meanwhile Dogecoin is eagerly waiting for that day when its price will explode, just as in the case of Bitcoin. Dogecoin step-by-step tutorials. It is still one of the favorite jokes around, even Elon Musk joins the fun occasionally but we simply do not see the grounds for Doge long-term success. Why invest in Dogecoin 1. “Doge is a powerful marketing tool, driving attention and adoption of crypto and decentralization as a concept. It has an inflationary supply, making it ideal for usage as a currency. The attraction is its stateless and flagless architecture defined by deregulation. Dogecoin’s astonishing rise has seen it become the world’s fourth most valuable cryptocurrency – behind only bitcoin, Ethereum and Binance Coin – and some analysts believe that its renewed popularity could even be replicated by other fringe cryptocurrencies. I expect many people to cash in on their Doge profits in the coming days, and this is likely to boost the wider crypto market as a lot of this money will flow into other altcoins which have strong potential instead of it being converted into fiat money.”, Join thought-provoking conversations, follow other Independent readers and see their replies. Dogecoin was originally designed to be a more approachable alternative to Bitcoin, Litecoin, and other cryptocurrencies. Interestingly, the “Doge” internet meme led to the creation of Dogecoin. When the Cyprus bail-ins occurred and the banks started confiscating wealth, Cypriots trusted their life-savings with Bitcoin and were rewarded accordingly. Dogecoin is up more than 900% in the past month. Dogecoin is up 0.97% in the last 24 hours. I look forward to the day that I can unlock game features, buy songs, get rid of adverts, download api, etc... using DogeCoin. It's just not going to happen. If you are hoarding it expecting huge returns, you will be disappointed. Dogecoin is not neutral. They have bought up huge amounts of the coin thinking that it will rise meteorically, just as Bitcoin did; that it will take over the globe and will award them with ludicrously massive returns. This represents a price increase of 938%. No need to go global if you are going to the moon. Why Is Dogecoin Going Up? Only when the world turns into a global community of liberal Americans of the 24-30 year old age bracket. Haha, wow such comedy. Not that the fundamental function of Doge is different from Bitcoin, but there are rather obvious differences in execution that give Bitcoin some legitimacy and relegate Dogecoin to being a joke with an expensive punchline. Why will Dogecoin fail? Look at the r/bitcoin "sticky" at the top of their subreddit, for chrissakes. Bitcoin, the world's largest cryptocurrency, Ethereum and Ripple's XRP have surged this year too. It has to do with shit loads of people who are about to find out the hard way what happens when a pump and dump occurs. “SpaceX launching satellite Doge-1 to the moon next year,” he wrote, adding that the mission would be funded by the cryptocurrency and mark the first time that a meme has been sent to space. Dogecoin is not the only cryptocurrency that's rocketed in price this year. The Dogecoin community has catapulted DOGE to cult status. Dogecoin enthusiasts had bid up its price significantly prior to Musk's SNL appearance and it crashed after the episode aired. So keep buying.” On March 7th, Cuban highlighted that the Dallas Mavericks became the top Dogecoin merchant in the world after completing over 20,000 DOGE transactions. Here’s the full list of stores where you need to mask up; Why SHIB coin’s price just rose, and why it might go ‘to the moon’ SHIB coin already has some predictions. Make no mistake, most people still consider Dogecoin a joke coin. It can afford to be all of these things, and none of these things, because that is what it means to be universal: Neutral. The value (or market capitalization) of all available Dogecoin in U.S. dollars is $55.85 billion. Dogecoin may be better positioned than Bitcoin to fill the currency role that Bitcoin tried to fill a year ago. Elon Musk said dogecoin’s price could go ‘to the moon’ during his appearance on SNL on 8 May, 2021, Bitcoin price crash – live: Elon Musk clarifies Tesla tweets after BTC and Dogecoin plunge, Co-creator of Dogecoin lashes out at ‘self-absorbed grifter’ Elon Musk over bitcoin stand. This simply would not have happened with Dogecoin. Because many investors bought when the virtual currency was close to its all-time high. Bitcoin is like gold, and nobody ever spends gold. Today, the long term Dogecoin forecast is not very bright. The record price rally has been accompanied by record volatility, with a recent market report from the cryptocurrency exchange Kraken recording a monthly volatility reading of 442 per cent for dogecoin. Dogecoin started as an internet joke, but has grown to become the fifth most valuable cryptocurrency in the world. Press question mark to learn the rest of the keyboard shortcuts, Platinum | QC: BTC 188, VTC 131, CC 118 | r/Politics 815. The meme-inspired cryptocurrency began to climb in value, as investors anticipated that any mention of dogecoin on SNL by the SpaceX and Tesla CEO would cause the price to spike. This is a joke coin – never meant to stay alive this long, nor to reach these market caps and market exposure. Dogecoin price was in a downtrend for all 2018, despite the several times the Dogecoin price was going up for a short period of time. Dogecoin has a personality, sure, but it may be a personality that's less offensive to most people then bitcoin's personality; it's basically an inoffensive, light, funny personality. Much of Bitcoin's ascent revolves around its perception of being an alternative store of wealth during economic uncertainty. It's not looking at the situation through the eyes of the global community but rather the American-centric, liberal orientated world of the college middle classes. Apparently being the face of anonymous drug trading for two years before becoming the currency of choice for radical libertarians on the internet makes Bitcoin faceless, and having several huge online communities doesn't make it unified in any way, and having obvious libertarian undertones means it doesn't have libertarian undertones. The superficial 'personality' or 'public appeal' are basically the easiest to talk about, try to influence initially, and the most basic way to appeal. It might never die, but it sure as fuck won't succeed any further. Per CNN, the cryptocurrency — which was really began as a meme and has existed for close to seven years now — is currently trading for $0.13 cents. But recently it is going through turmoil as there is a lack of Dogethereum (a bridge between dogecoin and ether chains), the project which has a lot of potentials to grow. Dogecoin will NEVER expand beyond its current level. Dogecoin, the cryptocurrency that no one was meant to take seriously, was up 43% in late morning trading Wednesday.What is going on? We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Will that day ever arrive? < 300 comment karma. If you had invested $1,000 in Dogecoin on Jan. 1, 2021, you'd have approximately $85,000 today. “Right now, it only needs another 50 per cent gain to get there. People just won't be willing to invest their life savings into a coin that started as a joke and has the personality derived from an alien culture. Therefore, if any of these things happen, the price may jump to reach $1, else may follow a steady growth and close the yearly trade of 2021 around $0.7 to $0.8. The Doge-1 announcement not only stopped the price slide but also saw it rebound back above $0.50, up more than 10,000 per cent in 2021. Apparently this post alone sold 100+ units. This is because Dogecoin has been struggling to find strong support for some days now and if Elon Musk Dogecoin doesn’t recover soon, there will be a massive sell-off that may eventually lead to the death of this meme coin. I am always a bit puzzeled what people mean by that. This is the main reason why people ask: will dogecoin ever go up? In the lead up to Doge Day, the price of Dogecoin saw a hefty increase. http://www.reddit.com/r/dogecoin/comments/1yloj6/i_represent_a_young_granola_company_who_wants_to/. But he’s probably kidding about the latter. Say what you will about Doge, but it gets people in. A lot of Dogecoin believers really do think Dogecoin could one day be on parallel with Bitcoin. In the big cities new pet shops open all the time. The problem is that bitcoin does have a personality; it's strongly associated with libertarian, anti-government types who hate the idea of central banking, that think that paper money is "worthless fiat currency", and is associated with various kinds of black markets. New comments cannot be posted and votes cannot be cast, More posts from the CryptoCurrency community. Where does dogecoin’s price go from here? Start your Independent Premium subscription today. Want an ad-free experience?Subscribe to Independent Premium. If a large part of the Dogecoin community believed it was going to overtake Bitcoin, it wouldn't be used as a tip currency as much as it is, why give away something that's going to be worth thousands in a year? After climbing to yet another all-time high in the build-up to the show on Saturday, dogecoin’s price began to drop before a flash crash wiped out more than a third of its value. Pets, especially dogs, are very popular among the new middle class in China and they become more and more liked. People of the world connect with it, because it can be anything you want it to be. It sent the Jamaican bobsled team to the Olympics. “There has been much talk about getting Doge to $1, and whilst it has seemed like an impossible dream for a while, things are starting to pull in the right direction,” says Antony Portno, founder of cryptocurrency information site Traders of Crypto. It is mute and humourless and numb. No company wants to be associated with some kind of internet joke. 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