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Dogecoin is the only coin that has a personality, a mascot, a marketing miracle that everyone ....
At least not anytime soon in the slightest.Right now Doge sits at a market cap of $8,735,377. At 1 cent, Doge would increase to a market cap of $254,696,515 from $8,735,377. And at 10 cents, $2,546,965,157. And that's just at the current coins mined..http://cryptmarketcap.com/ to compareSo someone please explain to me how multiple users are claiming "I predict .04-.08 USD by the end of 2014" those being conservative numbers..I love looking at the moon, and I want to live there someday, yet maybe I'm missing something...
Dogecoin is the only coin that has a personality, a mascot, a marketing miracle that everyone loves. Dogecoin was first noticed by the world because of creative, positive, unique, and fun pictures of the Doge that went viral. What does any other coin have to offer its holders? A feather? A cat? A picture of Coinye? A big "B" or "N" or "P" or "M"? Dogecoin has a fun engaging personality that will interest new people every day. Who will be the biggest group of people to be engaged in owning and actually using cryptocurrency - younger people - people who relate to and love our lovable Doge. Notice that when journalists discuss cryptocurrency in general, Dogecoin is often included, why? Because we have fun pictures of our Doge they can show! They have something interesting to talk about other than just numbers. There's no doubt that Bitcoin, Litecoin, etc had a significant head start on Dogecoin. But Dogecoin is destined to be in many more hands around the world because (a) it s still cheap and everyone who wants some can get some, (b) There are way more Dogecoins than most other coins, (c) Who wants to use .000002 of a Bitcoin - they'll just use cash, and (d) IT'S - MUCH FUN - TO BE A PART OF the DOGECOIN COMMUNITY! We're upbeat, mostly positive (except the ones who are impatient), and we really enjoy owning the coin because we identify with the coin and its community. Dogecoin is not just an investment, it's a culture. We all know instinctively what's ahead for Dogecoin - it's the one coin that will bring more people into the realm of cryptocurrency, and therefore, it's the coin that most people will WANT to have and use. I would much rather hold and use a Dogecoin that was worth $1.00 than one hundred thousandth of a Bitcoin. Put Dogecoin into perspective - as of this writing, it's only been out for a month and 4 days! And look where we are! Another thing, to double your money on an $800 Bitcoin, it would have to hit $1,600. To double your money on a .0002 Dogecoin, it would only have to hit .0004. You can spend the same $800 on either currency. Which do you think has the better odds of occurring the soonest? Finally, and instinctively to all of us, we know that Dogecoin has something no other coin has, it has an endearing quality. Kabosu is the real name of the Doge. Every time we look at the coin or an image of Dogecoin, we see him looking back at us. He belongs to all of us who own Dogecoin. This is our Doge, our currency, and it's likely a potential dream-come-true of almost everyone who gets involved with Dogecoin... So the answer to your question, "Please explain why Dogecoin would even remotely reach 1-10 cents?" is ... Because almost everyone who owns Dogecoin really supports it, and believes in it... And THAT is what gives currency its value. And there will many more of us soon.
The value that a cryptocurrency has is really all about the "value" that people as a group give to it, and the faith that that value will be maintained. Slow appreciation may not get us rich in 5 weeks, but it does mean our coin has the potential to be a stable currency as it appreciates. This is one aspect that people value. Here are some more:Dogecoin is a desireable coin to have and hold. Many people are interested in mining it. There will be many more coins available than most every other coin. Dogecoin will remain relatively inexpensive while so many of its coins are being mined. This will allow a longer period of time where anyone with even just a few bucks can get a fair amount of DOGE while world-wide interest steadily grows. Dogecoin has ongoing technical support and a lively forum. It has an excellent marketing edge. Dogecoin and the creative pictures of the Doge are interesting. The currency creates ongoing media interest. It maintains a high trading volume. People are beginning to make or include Dogecoin in other technical ventures, such as apps, etc. I'm sure there are more aspects of our currency that will give it increasing value. All we're missing is time... It's only been 5 weeks since it's been available. It's just my opinion, but all these things add up to at least 1-10 cents, given a little time. Imagine what interest there will be when our huge number of available coins is worth even just enough to blow the doors off of the Bitcoin market cap. Dogecoin will be at the top of the charts and likely stay there. That's when the interest will get serious and the fun will really begin.
Market Cap is the WRONG METRIC to use.
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