Dogecoin Price Prediction: Will DOGE Hit $1 This Year?

Last Updated August 20th 2021
29 Min Read

Find out the top Dogecoin Price prediction forecasts and discover how much DOGE could be worth this year and beyond. 

In 2013, Billy Markus and Jackson Palmer, a couple of software engineers, founded Dogecoin (DOGE). Genuinely, their intent was for DOGE to be as ridiculous as possible, so they represented Dogecoin with the image of a Shibu Inu, a goofy looking Japanese dog.

For many years, DOGE trolled around the cryptocurrency listings, failing to make price shifts and not being taken seriously. Or so it seemed. Despite the lack of the founders serious intent, or maybe because of it, Dogecoin gathered many loyal followers and somehow made it to the top ten listed cryptocurrencies.

Bitcoin mining has become more complex over the years. The increased costs of setting up and running a Bitcoin mining rig are prohibitive for the average person. Today, Bitcoin miners need ASIC technology to solve the hash problems.

So it became opportunistic for miners to mine Dogecoin. Though still challenging, you can mine DOGE with an affordable GPU (graphics processing unit) on Windows, Mac or Linux systems. It's more cost-effective to mine DOGE than Bitcoin because of the low average of 0.12kWh. Lower running costs, and faster mining speeds, have attracted more miners to Dogecoin, and the rewards are good too, at 10,000 DOGE tokens.

Dogecoin has a loyal community of supporters. Among DOGE fans are Elon Musk, Tesla CEO, who has expressed public belief in Dogecoin several times. Following his statement, "Working with Doge devs to improve system transaction efficiency. Potentially promising," the price of DOGE shot up 40%.

If you know anything about Elon Musk, he may not be the most charismatic personality, but he does seem to know about how to create success. His public statement generated a lot of interest in DOGE. Suddenly, people were taking Dogecoin seriously as a potential investment.

In April 2021, the cryptocurrency market reached the top of an epic bull run. Bitcoin reached $64k, and Dogecoin hit $0.73.

But you cannot compare the two cryptos.

The fact is that investing in DOGE is affordable for the mass public. Buying DOGE is low risk because of the low price, as long as you don't remortgage the house to buy into DOGE.

Dogecoin had a bit of a wobble last month because Jackson Palmer publicly threw his toys out of the pram. He announced that he had sold all of his crypto holdings and that cryptos are a scam, with the rich fat cats at the top creaming off money from the masses. His outburst did temporarily cause DOGE to flop over and remain static for a month or so. But, the public has short memories, and, once again, DOGE is on the move.

Recently (August 2021) DOGE shifted from #8 listed crypto to #7 listed cryptocurrency by market cap  ($38,239,649,021). Today's price for DOGE/USD is almost $0.29, and DOGE is looking strong for further price moves.

This article will look at Dogecoin price prediction for DOGE for 2021, 2022, 2023, 2024, 2025, and we'll take a peek at a price prediction for DOGE in 2030.

We will answer the question 'Will Dogecoin reach $1?'

If you want to buy DOGE quickly and easily, with 0% Commission, check out eToro Exchange!

What Is Dogecoin?

Dogecoin is a decentralized, open-source digital currency. It provides low-cost peer to peer transactions and rewards content creators for sharing content. Dogecoin is a derivative of Luckycoin, which has long since gone. Luckycoin was a fork of Litecoin (#15 listed crypto by market cap)

Dogecoin is the network, and DOGE is the crypto token.

Dogecoin is a proof of work ((PoW) consensus mechanism, though there are rumours that Dogecoin may transition to proof of stake (PoS) in the future.

Dogecoin is fast becoming a viable alternative to Bitcoin and has a vast, loyal and supportive community. Some say DOGE has an almost cult following. This fact is important because belief in a cryptocurrency can ultimately dictate future growth, equating to higher token prices.

Today, Dogecoin founders take a more serious approach to cryptocurrency than at the start of Dogecoin development.

Dogecoin Overview

Cryptocurrency

Dogecoin

Ticker Symbol

DOGE 

Price 

$0.3286

Price Change 24h

+6.09

Price Change 7d

+16.43

Market Cap

$41,200,611,219

Circulating Supply

130.91B DOGE

Trading Volume 24h

$3,662,173,321

Dogecoin ROI

+56461.06%

All-time High

$0.7376

All-time Low

$0.00008547

 

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The Dogecoin (DOGE) Community: How Does It Work?

Dogecoin is renowned for rewarding users who generate and share great content. It's known as the Dogecoin tipping service. The Dogecoin community wants to spread the word for Dogecoin. When users post valuable content, the community rewards their contributions, much like many mainstream social media platforms.

The Dogecoin system is user-friendly and compatible with smartphones, laptops, PCs, or directly on the website. There's nothing complex to overcome, which makes Dogecoin attractive to the Dogecoin community and new followers.

As Dogecoin grows in popularity, more people are adopting DOGE as the coin to HODL. Belief for favourable predictions for DOGE prices is high.

The Dogecoin fan base hangs out in large colonies on:

  1. Facebook
  2. Twitter
  3. Reddit
  4. Discord

The entire Dogecoin community believes the price of DOGE will skyrocket.

Should we trust that Dogecoin will make millionaires, as Bitcoin did in 2017? Indeed, the Dogecoin community has faith that DOGE could be the next Bitcoin.

Consider what creates value for a cryptocurrency. Bitcoin is way behind in functionality and speed compared to Dogecoin and many other cryptos.

In truth, the staunch Dogecoin community of followers are creating value. Confidence inspires and encourages others to back Dogecoin, to invest in DOGE for the long-term. It's no secret that more and more adopters of DOGE are appearing. And, with Elon Musk's encouragement, this inspires more faith in the price of DOGE skyrocketing.

Another little known aspect of Dogecoin is its philanthropic contributions to worthy causes, including sponsoring a NASCAR. This aspect of Dogecoin adds further attraction for followers to get involved in the Dogecoin community, and there's more.

  1. The Dogecoin community supported the Jamaican Bobsled team by raising $50,000 to send the team to the 2014 Sochi Winter Olympics.
  2. The community raised $30,000 in 2014 for clean water wells in Tana Valley, Kenya, for World Water Day.
  3. The Dogecoin community sponsored $55k to Josh Wise, a driver, to race in a Dogecoin NASCAR themed car.

Contributions such as the above raise awareness of Dogecoin by increasing the global presence, something few other cryptocurrencies do. Dogecoin provides value and utility.

The Dogecoin (DOGE) Wallet

Dogecoin has its own secure wallet to protect your DOGE tokens. Like all other secure wallets, you get a private key and a public key. The former is for your use only, and the latter is for others to transfer DOGE to the wallet.

You can download the digitally hosted dogecoin wallet for free from the Dogecoin website. You have two options for a Dogecoin wallet, depending on your operating system:

  1. Multidoge – for Windows, Linux and macOS
  2. Dogecoin Core – for Windows 32-bit, Windows 64-bit, Linux 32-bit, Linux 64-bit and macOS

After downloading the Dogecoin app, you have the option of creating a login with your email address, Facebook or Google or your mobile phone number.

You can follow real-time DOGE price charts, and, if you wish, your balance can display in fiat currency.

The Dogecoin wallet is easy to use and stores your DOGE securely. There is even a free app for your mobile phone for Android or Apple devices.

The Dogecoin wallet has excellent protection. If you lose your mobile, all is not lost. The security features built into the Dogecoin wallet include:

  1. PIN code lock
  2. 2-factor authentication
  3. Fingerprint Login
  4. Email confirmation for each transaction

A worry for most crypto users is if they lose their private key. With the 4-step protection, it's less of a concern for DOGE users.

Also, you can top up your balance with most other cryptocurrency and send to different altcoin addresses, and the transaction is free between users. If you are interested in trading, you can convert DOGE to another crypto coin with an integrated cryptocurrency exchange.

Customer support for the Dogecoin wallet is excellent with 24/7 accessibility, and the Dogecoin app is available in multiple languages, such as French. German, Russian and Spanish, and many more.

The ease of use for the Dogecoin wallet is attractive to new Dogecoin users. You get your Dogecoin wallet, buy some DOGE and get started HODLing your DOGE or trading, whichever is appealing to you.

What Makes Dogecoin (DOGE) Different?

Many cryptocurrencies, such as Bitcoin, for instance, are deflationary cryptos with a fixed market cap. Bitcoin's cap is 21 million BTC, with 18 million in circulation. The concern is that once the circulating coins reach the supply cap, what happens next?

For proof of work (PoW) consensus, it may no longer be viable for network miners to continue validating and securing the network. Plus, every four years, the rewards halve. Bitcoin issues 6.25 BTC rewards currently but will split again in 2024.

Dogecoin rewards are 10,000 DOGE tokens.

Transaction fees could rise to incentivize miners, and transactions could slow down significantly.

As we mentioned earlier, Dogecoin mines DOGE with proof of work (PoW). The miners validate and process transactions and try to solve the complex hash problems. The nearest to the target hash is the miner that receives the reward.

The answer is the closest or equal to the target but not higher. When the new DOGE block is added to the Dogecoin network, the DOGE miner receives the reward. The Dogecoin mining process helps to regulate creating new DOGE, which Dogecoin miners then distribute.

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Dogecoin Price Prediction Forecasts

How to measure crypto trends and understand the bears and the bulls

There are times when the cryptocurrency markets do not make sense. When the crypto market is trending, it's clear the bulls are in charge. During these periods, crypto prices make significant daily gains, and the charts are easier to read.

Then, seemingly out of nowhere and for no reason, the crypto market implodes. Fundamentals don't add up, and crypto prices don't make sense. In the Forex market, price action is more straightforward. The market is either trending or ranging.

But, in the crypto market, bull runs are often followed by confusing and mixed market signals. The crypto prices may be stationary for days, weeks or months, with no capacity for trading cryptos at these times.

Uncertain markets are dangerous. Traders no longer trust the crypto markets and back away until something happens. Dogecoin is not exempt from crypto market conditions. After zooming to a high of $0.73, it flopped over and the price sunk to $0.17.

What was the reason for the dismal fall of DOGE?

The entire crypto market averaged 50% drops, including Bitcoin. DOGE performed poorly, succumbing to the ridiculous volatility we often see with cryptocurrencies. Jackson Palmer's rant didn't help, of course, but Elon Musk's support undoubtedly helped to wash over Palmer's crypto tantrum.

We rely on technical analysis for DOGE to feed us information on what might happen with DOGE next.

The image below is the daily chart for DOGE/USD

DOGE/USD daily chart

Without drawing channels or trendlines, take a look at the DOGE/USD chart. The horizontal line is (kind of) an area of support. But, if you look left, you see the price spiked through support several times before bouncing back above.

Technically, with any other market, you could say that DOGE has broken above support. We always suggest waiting for a retest before taking a trade, so, right now, we wait to see if DOGE gains momentum. Are the bulls lurking in the background, waiting to take the price of DOGE higher? Or will DOGE break support and the bears retake control?

The thing about the cryptocurrency market is the wild price swings.

Looking again at the DOGE/USD chart, observe the big red spikes when the price of DOGE swung one way and then another. If you trade DOGE during these times, 99% certainty, your stop loss is triggered. If you are HODLing DOGE, you have to walk away and not be concerned about seeing the value of your DOGE holdings dropping.

Realistically, at the high of $0.73, DOGE gained 15,000% in a year. Ignore what's happening now because, for sure, the price of DOGE will head back up and supersede $0.73.

Over the last six months, the media coverage has influenced the price of DOGE, but it still has to fall in line with what is happening overall in the crypto market.

Check Out: 5 Reasons Why Dogecoin Could Double Your Money

Exciting News About the Future of Dogecoin

According to a report on Coin Market Cap, the Dogecoin Foundation has announced a new leadership team.

So what? What's so exciting about that?

Well, it's not so much the what, but the who. The new team includes -

  • Billy Markus – Dogecoin co-founder
  • Vitalik Buterin – Ethereum Founder
  • Elon Musk – Tesla CEO

The Dogecoin Foundation has been dormant for a while, but the involvement of the three crypto luminaries will indeed signify improvements for Dogecoin.

Vitalik Buterin has previously expressed interest in a bridge with Ethereum and Dogecoin. He said he "kind of want the fans to feel like Ethereum is - at least a little bit - in spirit itself a dog coin."

Elon Musk, as we mentioned earlier in this article, has ongoing support for Dogecoin. He said, "There is merit imo to Doge maximizing base layer transaction rate & minimizing transaction cost with exchanges acting as the de facto secondary layer."

The new Dogecoin Foundation expressed the intent of "developing a currency for the people."

What's likely to happen for Dogecoin?

  • Increased development efforts
  • Projects to improve the utility of the Dogecoin ecosystem.

The group said Dogecoin improvements would "complement the current Core Wallet to enable faster integration and easier APIs for Financial, Social and Charitable projects wishing to use Dogecoin." 

They added, "We believe that the success of Dogecoin is through broad global adoption and utility, and intend to focus on projects that increase Dogecoin uptake at a grassroots level."

The Dogecoin Foundation released a manifesto calling Dogecoin "the accidental crypto-movement that makes people smile."

The manifesto outlined four project values:

  1. Being useful
  2. Personable
  3. Welcoming
  4. Reliable

The manifesto states, "We are developing a currency for the people, and we strive to do only good every day."

Will the launch of the new Dogecoin Foundation increase the price of DOGE?

Indeed, the relaunch of the Dogecoin Foundation and the new prominent members will increase faith and confidence in Dogecoin.

Uncertainty diminishes growth potential, but confidence and certainty drive demand.

Underestimating Dogecoin would be a mistake. DOGE could become a functional currency rather than a speculative investment. If Musk and Buterin are involved, undoubtedly, that will be the goal.

This news is very positive for the future of Dogecoin. Long-term projections for DOGE indicate price momentum. The news release on the 18th of August may take a week or so to filter through to the masses. And technical analysis for Dogecoin shows that DOGE/USD is above a support zone. If the price bounces off support and shows upward momentum, we could see a break of the last high of $0.73

Read Also: Is It Worth Investing In Dogecoin?

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According to the recent DOGE price predictions, Dogecoin price will be valued at $1.1 by the end of 2021, $1.5 by the end of 2022, $1.5 by the end of 2023, $2.15 by the end of 2024 and $3 by the end of 2025. Dogecoin will rise to $4.5 in 2027, and $6 in 2030.  

Dogecoin Price Prediction for 2021

As per Dogecoin price prediction 2021, Experts data indicate that the DOGE price is predicted to cross $1 by the end of the year. The predicted high for 2021 might be around $1.13, and the low might be around $0.85

The crypto market is stalling again for the last few days. But we know from the history of cryptocurrency that significant momentum follows periods of dormancy. DOGE is becoming widely available across many exchanges and recently added to eToro, the leading social trading platform.

Elon Musk continues to build interest for DOGE, and his pledge to the Dogecoin Foundation signifies further support for Dogecoin.

So many other cryptos have little to no media coverage, and, as you now know, social media content can influence the price of Dogecoin. Elon Musk is not known for charisma or humour. But when asked about his interest in DOGE, Musk tweeted that "Doge has dogs & memes, whereas the others do not."

A lot can happen in a few months, and Dogecoin may reach $1 before the end of the year.

We predict that the price of DOGE will reach $1 by the end of the year. The high could be around $1.15, and the low just over $0.90. There may likely be a bull run from mid-September, which may continue until Christmas.

Dogecoin Price Prediction for 2022

The price of Dogecoin is expected to trade with a bullish trend and head $1.55 towards the end of 2022. As per Dogecoin price prediction forecast 2022, the price of Dogecoin (DOGE) might be valued at $1.5 by the end of the year. The predicted high for 2022 is around 1.60, and on the downside, the low price might be around $0.98.

If the Dogecoin Foundation becomes publicly active and transparent, the price of DOGE will reflect the Foundation's efforts. The improved utility for Dogecoin would see further price gains for DOGE.

During the early part of 2022, the crypto market may pull back with bearish momentum, but DOGE may hold above $0.908. Once DOGE breaks the dollar barrier, the price may stretch towards $1.60.

It takes time to innovate and implement new technology. There are five core veteran developers on the new Dogecoin Foundation team. Undoubtedly they are working towards a practical currency. In reality, the results from the Foundation's efforts may take a year or more to come to fruition.

Dogecoin Price Prediction for 2023

As per the DOGE price prediction for 2023, the price might reach $1.70 by the end of 2023. As per prediction and price forecast, the predicted high for 2023 might be around $1.78, and on the downside, the low might be around $1.38. 

The price of Dogecoin (DOGE) could be higher. If by 2023 the PoS consensus has started or completed, the price of DOGE could be closer to $1.95

Dogecoin Price Prediction for 2024

As per experts, the price prediction of Dogecoin (DOGE) might continue the gradual upwards trend. And as per experts' forecast data, by the end of 2024, Dogecoin would be able to cross the $2 level. The predicted high for 2024 might be more than $2.10, and the low might be around $1.70.

Based on our forecast, the DOGE price prediction for 2024 is for significant gains. The price of Dogecoin could reach $1.95 by the very end of 2024. A lot depends on what happens with the Dogecoin Foundation. DOGE prices are unlikely to fall below $1, and the low for Dogecoin might be around $1.67

Dogecoin Price Prediction for 2025

As per experts Dogecoin price prediction 2025, the meme coin might be able to touch the $3 price mark on the upside, while it might fall to $1.85 on the downside. As per DOGE price prediction and forecast update, the coin price might trade around $2.95 by the end of 2025.

Subject to technology development, if the Dogecoin Foundation succeed in improving Dogecoin utility, the price of Dogecoin (DOGE) could be as high as $2.50 in the next five years.

As per our Dogecoin price prediction for 2025, the low price for Dogecoin (DOGE) in 2025 could be around $1.50, and the high price prediction is over $2.5.

Dogecoin price prediction for 2030

As per our Dogecoin price prediction 2030, the coin might be able to touch the $5 price mark on the upside, while on the downside, it might fall up to $3.5. As per our DOGE price prediction and forecast update, the currency price might trade around $5.6 by the end of 2030.

According to the latest DOGE long-term, Dogecoin price will hit $4 by the middle of 2026 and then $6 by the end of 2030. 

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Don't Miss: Dogecoin (DOGE) Price Prediction for 2025 and 2030

Will Dogecoin (DOGE) Hit $1?

According to experts, The price of Dogecoin will reach $1 before the end of 2021. There could be the announcement of the new board for the Dogecoin Foundation, faith, confidence and belief in Dogecoin tend to increase in the digital currency's price.

Dogecoin is a fixed inflationary currency, so it more closely aligns with the advantages of fiat currency. Many Dogecoin users trade DOGE actively and use it as a currency.

We all want to secure our future financially, and many are hoping that Dogecoin could be the vehicle for significant financial gains. So many people wish they had bought Bitcoin when it was under a dollar. Back then, nobody anticipated the crazy ride that Bitcoin gave the crypto market.

Few people took Dogecoin seriously, not even the founders who wanted to create a ridiculous crypto. And they did, with the face of a cartoon Shibu Inu representing the Doge in Dogecoin. But, somehow, and for whatever reason, followers aligned with the lighthearted approach. The Dogecoin community evolved and grew like a weed, adding support and belief to the utility of Dogecoin.

With this week's news of the new board members to the Dogecoin Foundation, Dogecoin's future became even brighter.

Could Doge be the next crypto to skyrocket? Could Dogecoin eventually create multiple millionaires?

The price prediction for Dogecoin (DOGE) is $1 before Christmas. If you haven't bought Dogecoin yet, are you considering investing in Dogecoin before the price takes off?

Trading or investing in financial instruments such as cryptos may not be suitable for all investors. It does involve risk and the possibility of a loss of capital. There are no guarantees for profiting from cryptocurrencies, and it's advisable only to risk what you can comfortably afford to lose.

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Virtual currencies are highly volatile. Your capital is at risk.

Read More:

Is Dogecoin A Good Investment And Should I Invest In DOGE?

Pros and Cons of Investing in Dogecoin

How to Stake Dogecoin

Is Dogecoin a Good Buy?

What Will Dogecoin Be Worth in 10 Years?

Why Dogecoin is So Cheap?

FAQs

Will Dogecoin ever reach $1?

According to the current trend and experts, The price of Dogecoin will reach $1 before the end of 2021

What is the Dogecoin (DOGE) Price Prediction for 2030?

The price for Dogecoin in 2030 could be as high as $7 if the utility improved upon current infrastructure.

Is it worth investing in Dogecoin?

Dogecoin is worth investing. the asset has proved to be a massively profitable investment.

There's probably never going to be a better time to invest in Dogecoin. The low entry price is not reflective of the potential for Dogecoin. Interest in Dogecoin is increasing, more miners are mining Dogecoin, and the Dogecoin community is growing.

How do I get started with Dogecoin?

It's easy to get started with Dogecoin

  1.   Download a Dogecoin wallet
  2.   Make a note of your Dogecoin private key and public key
  3.   Open an account with an exchange that sells DOGE
  4.   Buy Dogecoin (DOGE)
  5.   Transfer your DOGE to your wallet

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Where can I buy Dogecoin?

You can buy Dogecoin (DOGE) from most cryptocurrency exchanges. eToro also now has DOGE.

How do I store my DOGE?

You can download the Dogecoin secure wallet, or most cryptocurrency exchanges have a secure online wallet. Make sure you keep your private key separate from your public key.

How do you mine Dogecoin (DOGE)?

You can mine Dogecoin with an ordinary PC with a GPU. Unlike Bitcoin, you don't require expensive ASICs to mine DOGE.

You can mine DOGE as a solo miner. Or, for a small fee, you can join a Dogecoin mining pool. You share your computing power with the Dogecoin mining pool and receive a fair share of the rewards (according to how much computing power you have).

Mining Dogecoin is low-cost, averaging 12kWh, so it is affordable for the average person.

The benefit of joining a Dogecoin mining pool is you may receive more regular and consistent rewards than if you mined Dogecoin as a solo miner.

You can cloud mine Dogecoin by joining an online cloud mining company.

Is it worth mining Dogecoin?

Mining Dogecoin is easier than mining Bitcoin.

The rewards for mining DOGE are 10,000 DOGE tokens. At $0.29 per DOGE, that’s $2,900. You have running costs to deduct as a solo miner, and you need a reliable mining rig to mine DOGE. Many Dogecoin miners find it preferable to join a Dogecoin mining pool to share resources and rewards.

How do I join a Dogecoin Community?

Dogecoin has a loyal community on Reddit and Discord.

You can join the Dogeductation Community and become part of the growing fanbase for Dogecoin.

How do I earn rewards from the Dogecoin Community?

When you participate in the Dogecoin community, you receive rewards. By supporting content creators and spreading the word for Dogecoin, you are helping to grow the community and support for Dogecoin.

You can also buy from a waterbowl (the term for a Dogecoin Faucet), where you can collect free Dogecoins at predetermined intervals for a few hours each day. Again, this process helps to build interaction with the Dogecoin communities.

Will Dogecoin make me a millionaire?

If you bought enough Bitcoin in 2009, you would be a millionaire by now.

Today, the price of DOGE is $0.29. Imagine if you bought a few thousand DOGE today and waited for a few years. How much money can you make from investing in Dogecoin?

Let's look at a scenario for becoming a millionaire with Dogecoin.

Today, you buy 10,000 DOGE at $0.29 = $2,900

The price of DOGE rises to $1.50 = $15,000

The price of DOGE rises to $15 = $150,000

The price of DOGE rises to $100 = $1,000,000

Of course, in time, the price of Dogecoin (DOGE) could end up being ridiculously high, as Bitcoin showed us is possible.

If enough people believe in and support Dogecoin, the demand rises. If Dogecoin transitions to proof of stake (PoS), people can invest and stake DOGE for rewards. That would add to the value of DOGE.

Will Dogecoin reach $100?

Some crypto experts predict that Dogecoin (DOGE) will never reach $100.

But, did anyone imagine the Bitcoin price going to $64,000? It's impossible to predict what might happen with the price of Dogecoin. But, DOGE could reach $100 in the future, maybe ten years from now or more.

Could Dogecoin be the next Bitcoin?

Dogecoin has the second-largest global community to Bitcoin. Could Dogecoin become the next Bitcoin?

 Let's look at some facts:

  1.   Dogecoin has no hard cap, unlike Bitcoin's hard cap of 21 million BTC.
  2.   Bitcoins market cap is $843,622,241,000 and Dogecoin is $38,239,649,021. So, Dogecoin has a way to go to beat Bitcoin's market cap.
  3.   Financial institutions and companies have invested in Bitcoin. Dogecoin has yet to make headway with corporate investors (it will come).
  4.   Dogecoin is not (yet) as widely accepted as Bitcoin (only because Bitcoin was the first-move cryptocurrency).
  5.   Every cryptocurrency exchange supports Bitcoin, but not all support Dogecoin (that will change in time).
  6.   Bitcoin is deflationary, but Dogecoin is inflationary.
  7.   Dogecoin can become mainstream crypto, whereas Bitcoin equates to a form of digital gold.
  8.   Bitcoin mining rewards are decreasing every four years.

When the hard cap of 21 million BTC is complete, Bitcoin miners have a profitability issue. They either have to increase transaction fees or transition to mining another, more profitable crypto.

High transaction fees will reduce interest in Bitcoin.

Dogecoin doesn't have this issue. They have a 5 billion per year coin supply indefinitely. Consequently, Dogecoin has the lowest transaction fees among all cryptos. It's also faster than Bitcoin at 1-minute, whereas Bitcoin transactions take 10-minutes.

Bitcoin price is only as high because people believe it will be scarce in the future and anticipate higher prices. Therefore, the masses believe Bitcoin is a good investment.

Recall the true story of Banana Art, where an artist sold a banana duct-taped to a wall, and some (idiot) bought it for $120,000. But someone else attended the exhibition and ate the banana.

The perception of value is flawed.

Because Dogecoin is $0.29 and Bitcoin is $46k, people mistakenly think Bitcoin is the better value. In reality, it is likely the other way around.

Dogecoin can, and likely will, overcome all of the current lack of mainstream adoption. But Bitcoin is a technologically out-of-date dinosaur and cannot become a streamlined cheetah.

Dogecoin can transition into far greater things than Bitcoin can ever achieve, especially with the genius power of Elon Musk and Vitalik Buterin on the board of the Dogecoin Foundation.

We could have said yes, Dogecoin could become the next Bitcoin. But, you might find it helpful to understand why Dogecoin is better than Bitcoin.

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