Why in my opinion cryptocurrencies like Dogecoin probably won't go up on price in the upcoming years

in #dogecoin7 years ago

Why? Read those statics:

Bitcoin Market Cup in USD: $73,200,757,577
Ethereum Market Cup in USD: $28,466,179,520
Circulating Supply of Doge: 111,325,445,920 Dogecoins

That means that if Dogecoin will cost $0.01 which cause Dogecoin Market Cup in USD to cost ~$1,113,254,459

Well thats a lot, but as other coins going up Doge can go up aswell but slower than others but if it will take few years for it to happen...
Imagine how much time needed for it to get to $1 per Doge!
Imagine how much money is it! $111,325,445,920 Market Cup! More than Bitcoin's.
Thats why it less likely to happen and if it will happen, in my opinion, not in the next few years.

Personaly I like Doge and I woul'd like to see it growing but we should look at the facts aswell.

So you should not invest in Dogecoin or other cheap cryptocurrencies?
Well, what I've showed is just and interesting way to look at the situation.
I am not giving any advices or anything so don't take everything you readed in this article as 100% correct because things can change.

This articles is not more than my personal opinion.

To the moon!

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