Dogecoin Prediction
This new currency has faced a sudden surge that is surprising to us all. After the Gamestop saga with Reddit users raising the value of the stocks, they have turned their attention here. Will Dogecoin hit $1 – that is the true question. However, right now all analysts are saying is that the price will be driven up this week. Reddit users have already driven the price up to 0.0885 US dollars. It has even sprung a debate on dogecoin vs bitcoin.
Currently, according to analysts, Dogecoin Prediction state that a price rise may come but may not be enough. Dogecoin is unpredictable in many ways due to the Reddit surge. The Reddit vs Wall Street game has been highly entertaining but is also a great way to invest. Follow the Reddit path and you might hit gold – or in this case Dogecoin.
Dogecoin Jumps 8 % Today
The question on every mind right now is whether Dogecoin hit $1. The cryptocurrency would make history if this does happen. Already Dogecoin is the 9th largest cryptocurrency in the world currently. Will it be able to overtake other alternative currencies as well.
While Dogecoin prediction shows only its rise, we also see other alternative currencies either benefitting or dropping due to this rise.
This may mean that even though we may not see Dogecoin hit $1, others might as a result of this big surge. Let’s wait and watch to see what happens.
Indian users can buy Dogecoin from Wazirx and Binance, While American users can use Binance.
Dogecoin vs Bitcoin
In the midst of all of this, of course, there is a debate about Dogecoin vs Bitcoin. If you remember bitcoin was the original viral cryptocurrency that took the world by storm. While Dogecoin is a meme its ascendancy has certainly threatened the market. Dogecoin and bitcoin being in the competition are even quite fun – after all Dogecoin is a parody of bitcoin.
However, the rise of this new currency is nevertheless a market threat to the value of bitcoin. Not only that but companies like Robinhood who want to ban Dogecoin have put a blanket ban on similar currencies like bitcoin. Where Dogecoin loses, bitcoin loses too.
The Wall Street rage surrounding Dogecoin could have a ripple effect and hit bitcoin as well. For now, the Dogecoin prediction seems to be hinting at a possible acceleration. We will have to wait and watch what such changes bode for bitcoin as well.
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