Is Dogecoin a good investment in 2020?

Dogecoin is the most loved cryptocurrency today. It was named after the famous meme of the Shiba Inu dog that has attracted the attention of the blockchain community. It started as a simple joke, but the coin took an important place in the crypto sphere thanking its fans and charity activity. Today we will know about DOGE’s features, the coin’s future and Dogecoin Price Prediction for 2020.

What is Dogecoin?

Dogecoin was formed by using the codebase of Litecoin and its development was designed at providing an alternative to Bitcoin. It should’ve been a more accessible and friendly cryptocurrency.

Its most noticeable feature, however, is its mascot. The developers of Dogecoin chose a “fun” way towards its development.

The image of the crypto helped the coin to get attention in various social media. The coin turned famous even outside of the community of blockchain technology lovers.

Dogecoin Price Analysis

The year 2018 was tough and bearish for DOGE. Similarly to the other market, Dogecoin’s price was decreased by the loss of the public’s attention.

Google users found the coin very useful in January 2018. A couple of less important peaks happened in July and December. At the beginning of 2019, the popularity was around the same level as it was in the same period of 2018, which is a major achievement in terms of the industry crisis, happening today.

Price Prediction 2020

As per sources, DOGE is a profitable investment depending on the forecast. In 2020, the coin value will reach $0.00552. In 2025, DOGE rate can be around $0.01136.

It has an unlimited supply so I don’t think it’s price will significantly increase.

no I think Dogecoin will not be a good investment in 2020. because, I have not found any need for them yet. If so, just wait for someone to make a bid :face_with_monocle:

I prefer bitcoin over other coins.

Me too. And maybe Ethereum. Smaller altcoins are just too unreliable to me.