Can Doge Be Among Top 20?
Can Doge Be Among Top 20?
Dogecoin price is on the rise in 2018. Let us try to evaluate its future and whether Doge can be among top 20 cryptocurrencies in terms of the market value.
It is one of the rising cryptocurrencies, which is decentralized and peer-to-peer virtual currency.
Doge price started its journey from $0.0002, traded as high as $0.0173 and is currently around $0.008.
It has a bright future, but it faces many challenges before it can move into the league of top 20 digital currencies.
DOGECOIN FUTURE PROSPECTS AND MARKET CAP
The current circulation of Doge coin is 113,210,606,017 (data provided by coinmarketcap), and with the current price of $0.007258, the market value is $821,717,674 USD.
With the current market cap, it is ranked 32nd, which is well below some of the most popular cryptocurrencies such as OmiseGo, Nano (XRB), Steem, Binance Coin (BNB), Stratis (STRAT), ICON (ICX), Qtum, Ethereum Classic (ETC), Monero (XMR) and Dash.
To move into the top 20 cryptocurrencies, the market value of Dogecoin has to be more than $2,200,000,000. It means its value has to be at least 4x from the current price. It is possible in the long term, but we need to keep in mind that other top cryptocurrencies will also most likely gain traction if the altcoins market continue to grow.
Having said that, if there are positive developments and continuous growth, Dogecoin moving into the top 20 league could be a reality later in 2018. Recently, the official 1.14 alpha was released by the company. It has a few issues, but the company on them will soon release beta version.
Looking at GitHub channel, there are about 70 issues yet to be resolved, and there are 11 pull requests. The main contributors are Laanwj and Sipa amount the total 298 contributors. The total releases so far are 33, with 8,647 commits.
If you want to get started with Dogecoin, you can download their Desktop wallet (Windows, OS X and Linus) or you can try their android mobile wallet.
Keep innovating and let’s take the cryptocurrency world to a new level in 2018.
Can Doge Be Among Top 20?
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