Doge Coin price forecast
All possibilities for the price and future of Dodge Coin
What is Dodge Coin?
Well now we know what Dodge Quinn is.
Now let’s examine the possibilities and predictions of the world day, all these predictions have been collected from reputable foreign sites and this is not a fabrication made by my mind!
This is what Coin Desk Korea says:
Dogecoin (DOGE, Dogecoin) is worth just $ 6.73 billion (at the time of writing), which is less than one-hundredth of a bitcoin, and is difficult to understand as a “degree of investment”. There are no assets used in the real world and there is no active derivatives market. For this reason, the discussion of Dogecoin in this column may be a bit questionable.
However, the reason I want to talk about the Dogecoin phenomenon is that it includes two issues that determine the level of interest of institutional investors in cryptocurrencies. One is about the role of “fundamentals” and the other is about the potential of governments to effectively ban cryptocurrencies.
The power of passion
The price of Dogecoin has increased by nearly 1350% since the beginning of this year. Last week, famous American rapper Snoop Dogg combined his name with Dogecoin to form the word “Snoop Doge,” and kiss leader Jean Simmons said he was “the god of Dogecoin.” The Jonas brothers also joined. As more people follow Dogecoin memes following Tesla CEO Elon Musk, that number is now uncountable. People are entertained just because it is fun, and they spread Dogecoin behavior patterns.
– Elon Musk (elonmusk) February 7, 2021
But, can “entertainment” become a real factor in increasing the value of an asset?
It can be enough. As can be seen from the game-stopping crisis, the market perception of the concept of “value” is gradually changing. In today’s world where powerful messages are flowing at high speeds, the message is the value of assets, given the recent phenomenon that the stock market is rising terribly, even when uncertainty and risk are at their highest, and the day Commercial investors are in the media spotlight. It can be found that its effect on
Bloomberg columnist Matt Levine’s explanation of the situation is almost complete.
“Money and value depend on how people interact. In the end, what we spend our money on depends on who coordinates our social activities. In the days when the government fully coordinated social activities, money “It took a little bit. But now, Twitter, Reddit, Elon Musk and others are playing their part. Dogecoin has a lot of potential.”
The Dogecoin phenomenon may be a phenomenon that appears temporarily and then disappears quickly. Interest in Dogecoin could be completely different tomorrow.
But no law says it must be so. Dogecoin developer Billy Marcus said in an interview with Bloomberg this week that he was “embarrassed” by the steady rise in the price of Dogecoin, seven years after the launch of Dogecoin. “It does not make sense for people to be so interested in Dogecoin,” said Jackson Palmer, who co-developed Dogecoin with Billy Marcus, last year. The important point, however, is that it is not the two developers who set the price for Dogecoin. Dogecoin is based on a decentralized public blockchain that no one controls. Dogecoin’s value diminishes as people turn their attention to something else shiny, but that value will remain as long as fans enjoy Dogecoin.
Face the waves
Well now let’s talk about India and Nigeria (do you feel dehydrated?). Looking at what has happened in both countries this week, it feels as if our basic understanding of public blockchains is back to square one.
Last month, CoinDesk reported that the Indian Parliament was considering a government bill banning cryptocurrencies. The cryptocurrency industry created and expanded the hashtag #IndiaWantsBitcoin, “India wants bitcoin”, and Indians sent emails to their representatives calling for more advanced rules.
The huge damage that India’s thriving cryptocurrency ecosystem will suffer is just one of several reasons to oppose the bill. It is currently estimated that there are 10-20 million cryptocurrency users in India and 340 cryptocurrency startups create more than 50,000 jobs. The full content of the bill has not been disclosed, but is interpreted as an intention to prevent competition in digital rupees issued by the government.
I hope the Indian government can learn from the Nigerian case.
Last week, the Central Bank of Nigeria ordered the closure of all bank accounts held by cryptocurrency users. Following the reaction, the central bank issued a press release arguing that the move was not new and in the interest of the people.
It should be noted that the Central Bank of Nigeria reacted immediately to the reaction of the people. Late last year, Nigerians launched the #EndSARS movement to protest the crimes of the Nigerian Police Special Forces (SARS) and called for its disbandment. Widespread protests erupted in Nigeria, with the international community supporting them online, eventually disbanding SARS. That is why the Central Bank of Nigeria has no choice but to react sensitively.
At the time, the Central Bank of Nigeria blocked the accounts of those who took part in the protests, but this week a Nigerian court ordered the release of 20 of them. Non-recoverable cryptocurrencies are rapidly gaining popularity among Nigerian youth who are witnessing government government accounts being blocked.
Nigeria is also called the “Silicon Valley” of Africa. In Lagos, the largest city on the African continent, the technology industry
Crypto 247 Spain predicts:
I tried to convey to you the insights and predictions of different countries, I hope it was useful for those compatriots who want to use their capital in this field.
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