Absolutely not.

You think its capped?

no for the short term, 10 cents will be a historic day. 10x that in market cap is absurd.

10 cents i would be very happy. 3 months till im considered long term. Hopefully it happens before that

what is market cap?

coin price x # of coins in the market.

doge has a low price, but insanely high number of coins in the market. (129b doge)

BTC has a high price, but low number of coins in the market. (19m BTC)

eth has a mid price, and mid # of coins in the market. (115m ETH)

currently market caps for all 3=

DOGE: 7b$

ETH: 238b$

BTC: 1t$

so a change from .06$ to 1$ would give DOGE an insane market cap.

Thank you for the breakdown. I just started investing in june 2020. At first i went with doge coin and tesla. Both are looking very good right now. As i evolve i want to look into other sectors but getting correct information is getting tough. Right now I'm looking into recovery stocks and mining stocks. Any information on these?

Crypto, in part, derives its value from the underlying tech capability it could be used for. DOGE coin is a meme, no one is developing anything on their protocol.

Do you know which coin is seeing the largest amount of processes being built on their protocol? Ethereum.

If you buy DOGE for the lols and some quick scalping gains that's one thing. Otherwise, get yourself educated on what some of this tech may be used for and go buy things that might actually be accretive in the long term like ETH.

none sadly i dont do stocks.

BTC = best long term play that's safe, for 5-10 year investment

ETH = best medium term play with safest chance to 5x or so in the same time IMO

DOGE = complete crapshoot, likely to spike to like 15 cents at some point then die out to 8-10 cents for a decade. IMO

Some dogecoin gainporn. I Put 40$ dollars in i think

This post was edited by KRR on Apr 8 2021 02:41pm