Many investors are wondering about the future of Dogecoin. Will it reach $1, when will it reach $10? However, the future of Dogecoin is not to be considered in relation to its performance, but rather in relation to its adoption.
The future of Dogecoin, will it reach 1 dollar?
It is very possible that the Dogecoin will reach $1, it got closer to it in 2021 and the whole community was waiting for its parity with the dollar. The memecoin unfortunately made a high at $0.77 and started its downtrend. The price bottomed out at $0.05 in 2022.
Even though DOGE may still hit $1, don’t expect a dramatic rise like 2021. The hype and speculation has dropped a lot even though the number of Dogecoin users continues to grow.
If you are looking for exceptional performance, it is too late for Dogecoin. However, you can bet on new memecoins with great potential.
Tamadoge is one of them. This cryptocurrency is attracting the attention of investors, having raised more than $1,000,000 during its beta-sale which is still ongoing. The token is in presale and you can already be one of the first investors on this memecoin. One (1) USDT buys 100 TAMA tokens, the native token of the project which will be a Play-To-Earn game, unlike Dogecoin which has no native utility.
The future of Dogecoin as a payment method
This is where the future of Dogecoin is very interesting. Dogecoin, for example, is America’s favorite meme currency. According to a survey conducted by Finder in December 2021, the adoption rate of DOGE in the United States is more than twice that of the rest of the globe.
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Dogecoin is owned by about a third of US cryptocurrency owners. One in four Americans, according to a 2021 Gambler Pick study, thought the Dogecoin was the cryptocurrency of the future.
And this is probably the case for all holders. According to a survey by The Advisor Coach, the word DOGE is highly searched on Google.
Respondents saw DOGE crypto as an opportunity to get rich, but we think it’s a good payment method instead.
Elon Musk, for example, continues to promote Dogecoin despite the price drop. The Boring Company, one of his businesses, will start accepting DOGE as payment.
In addition to holding Dogecoin, Tesla has also started accepting payments in DOGE. And it’s far from the first major company to accept payments in Dogecoin. Companies like Twitch, AMC, and Gamestop already allow users to make payments in DOGE. According to the Cryptwerk site, more than 2058 merchants already accept Dogecoin and this number continues to rise.