Future of DogeCoin

[nitin8263]

DogeCoin is not a big coin.Future of this coin may be a good but its demand in not much.If you have a Dege coin so you can hold but not for a long term.

[ryancpk]

Good analysis on Dogecoin. You can now forget about it and move on with other coins.

[k-west]

Doge coin is ok for me,I'm using it for transferring funds from one exchange to another.It is quick and cheap transaction.lots of people are using DOGE too,so I think it has good future.

[D-Fault]

People are used to that coin and I don't think anything might changed in the future. It's great for small transactions and pretty quick to use.

[furfurol]

I think Dogecoin create only fun. I don't see future for this coin. Even now price DogeCoin very high, this coin can't cost much more.

Yes, this coin was created as a joke and now it's a ridiculous coin. I will quote the statement of one person that I recently found

"BTC = reserve currency for people that hate the fed;
ETH = reserve currency for people that hate the SEC;
XMR = reserve currency for people that hate big brother;
Dogecoin = reserve currency for people who don’t care about money"

[pizzacraver44]

I think Dogecoin create only fun. I don't see future for this coin. Even now price DogeCoin very high, this coin can't cost much more.

Yes, this coin was created as a joke and now it's a ridiculous coin. I will quote the statement of one person that I recently found

"BTC = reserve currency for people that hate the fed;
ETH = reserve currency for people that hate the SEC;
XMR = reserve currency for people that hate big brother;
Dogecoin = reserve currency for people who don’t care about money"

So True.  The coin itself is as worthless as Mint, but with the coin on so many pump lists, I dont ever see it going away.

[Olivia_Nielsin]

Dogecoin is a first coin that is actually based on the marketing initiatives. Efforts are constantly being made in the crypto community to attract more people in dogecoin. The price may be reduced at this point but there is a very bright future in it.

Do you think that this crptocurrency will become popular in 2018 at the expense of low price?

[bitcoin31]

I don't think dogecoin have future.  Because until now there's no progress to dogecoin. I bought dogecoin ast few years ago and my money was stock because of this coin.  I hope I can back my capital from this coin.  Im contented if the price of dogecoin increase at 100-200 satoshi and I will sell all my dogecoin so I can get my money back for sure many people also stock their money too. I hope there's new investor in dogecoin.

[crestella]

Future of dogecoin ? The future of dogecoin if I look at the same thing with ethereum and bitcoin, its future is quite clear for the upcoming year, because dogecoin lovers quite a lot and its prices on the market quite stable.

[Plimo]

Dogecoin is not doing anything
Dogecoin is on 25 place and it will fall for sure,
Don't invest on Dogecoin.

[Pablojob]

Doge coin wont have any future because it is long dead,there is no active development with this shitcoin why would have this shitcoin a future?it is just created for fun as a meme coin for all the cryptocurrency users,invest to this will risk your money you should stay away from it while you can.

[BCEmporium]

Dogecoin is not doing anything
Dogecoin is on 25 place and it will fall for sure,
Don't invest on Dogecoin.

Doge is a fairly predictable coin for trading.

[kevin135]

DogeCoin  has no future.
Dogecoin is not doing anything that will effect their price.

[BCEmporium]

DogeCoin  has no future.
Dogecoin is not doing anything that will effect their price.

It doesn't really have to. It doesn't look like Doge is just going to die since people can trade it and it has quite a large volume. And as a coin it's quite decent from a tech perspective.

[Baimovic]

thanks for the explanation, and I also see dogecoin has a bad development, dogecoin is old altcoin, but can not compete with other altcoin.

low preparation, low spreading and volume make the doge should be under. I see the future of doge will be difficult to rise and high,

[Zeneize]

Dogecoin as a coin IMHO doesn't make any sense at all, however it has got quite a large community in the years, and what is giving value to coins is actually the community, so as long as the community will believe in this silly coin, this silly coin will have a present, maybe even some future.

[dogemoon]

People underestimated Dogecoin, believing that only the coins that are used for pyramid investments, or finance, or even crime and black money, would have a future.

Why can not a coin be successful for normal people and social networks? And what better for a internet coin for fun and friendship than a logo of a dog's pet taken from a meme?

[dasha_buka]

And that this coin can from themselves represent ? The usual joke coin , but it a well-earned and in particular , but I think it has outlived its

[EMV]

Yesterday one of my friend sent me some dogecoins, so out of curiosity i started digging information about how this coin work and how it is different from others as it is my first interaction with this Crypto-asset.

I found some interesting information regarding how it's origin is based on a popular internet meme and it's community active participation in various charity works and even in helping their fellow mates who lost their dogecoins in a cyberattack through various crowdfunding efforts, which is indeed appreciable.

If we specifically talk about speed of transactions - i have to say dogecoin is indeed fast. But the thing which caught my attention is there is no limit to its suppy, which means it is present in infinite amount.

Till today more than 100 billion dogecoins are in circulation. With as of today Oct-23-2017 , 1 DOGE =   $0.00101075 .
We have been taught about price-supply-demand things in school , in simple terms a price of an asset will depend on demand in market and its suppy - if supply of an asset is more than demand price falls and if supply is less and demand in market is more then price of an asset increases. So we can relate this to the continous BTC price increase as demand for bitcoin is more and supply is limited which increases it's value.
Comming to the fact that dogecoins have no limit of supply i hardly think it can ever become an investment asset or a stable currency ever. I see some people on twitter who are investing in alt coins see it as an long investment on which i completely disagree.

If we want to see doge coin really succeed , here are my views what the developers should seriously take note of:

1. Limit its Supply:

 More than 100 billion doge coins are in circulation with market cap of approx. USD 13.5 MIL . 100 billion is a big number and it's always increasing so unless community decide to limit it , i donot think it can attain any significant value in longterm.

2. Ok if we limit it - what will we do with existing coins?:

Solution to above problem is quite simple. We just need to publish a new Crypto-token or currency which will derive it's value from previous currency in circulation. For Ex: Let the new currency be called Super Dogecoin denoted by S-DOGE. As per our convenience we can set it's base value like 1 S-DOGE could be equal to 1000 or 10K or say even 100k DOGEs . So not just it will decrease the numbers of coin but will also hold significant value. And this new currency could also be listed to the exchange if needed.
Thank you.

Concerning what prospects at dogecoin for 2018, are expressed different expert opinions. Someone predicts to "sobakodenga" slow fading and death, others declare the good prospects of growth. Opponents of dogikoin-pessimists reasonably note that "death" of currency was predicted already repeatedly, but the cryptocurrency community retains stable interest in Doge

[JaRViZZ]

Therefore, he gave that values in it, and she has not been to the market for a long time. It used to cause a boom, but not for long, so now it's just a collector's coin.