Dogecoin Price Prediction for 2018. $2.14+

in #dogecoin7 years ago (edited)

This prediction is actually very simple. It is not based on where the cryptocurrency market is going, but merely where it currently is, and on Dogecoin's relationship to Bitcoin.

Bitcoin's circulating supply is 16,719,612. Let's call that value "X".

Dogecoin circulating supply is 112,537,138,714. We'll call that value "Y".

Dogecoin, like Bitcoin, is an electronic currency, or 'store of value', to be used as a medium for trade. Therefore, without getting too complicated, you can infer a mathematical relationship based on the current amount of circulating supply.

Y/X = 6710.7777, meaning for every 1 bitcoin, there are 6710.7777 Dogecoin.

Bitcoin's current $ Value is $14,368.00

$14,368.00 / 6710.7777 = $2.14 = Dogecoin's calculated value.

Dogecoin is currently less than $0.01. I'll let that sink in for a minute.

Here's part B. This is where it get's good.
There are currently over 9 Billion $100 Dollar Bills In circulating supply. That amounts to $900,000,000,000.00 in circulating currency, excluding all other US Dollar Denominations. If Bitcoin only ever took place of the US $100 Bills:

$900,000,000,000 / 16,769,612 = $53,668.00 for 1 Bitcoin.
Applying the same previous Math, 1 Dogecoin would then be valued at $8.00

Let me remind you again that Dogecoin is currently valued at less than $0.01.

Sort:  

I Think now is time to buy Cryptocurrencies- and platform, most of them are gonna raise like an airplane!

Congratulations @sbelecengnr! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Russia vs Croatia


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @sbelecengnr! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.25
TRX 0.20
JST 0.037
BTC 96295.92
ETH 3577.12
USDT 1.00
SBD 3.74