MicroStrategy must buy the dip because its reserve of roughly 129,699 BTC is currently experiencing an aggregate value loss of more than $1 billion.
'It's a lot like predicting an earthquake to say that the stock market will crash. 'You know they will happen sometimes, but you never know when or how bad they will be,' Mati Greenspan said.
Although the values of Bitcoin and Ether have recently increased, Bitcoin mining companies have been injecting money.
Well, a $1,000 investment in Dogecoin made in October of 2020 would have netted an investor about 386,000 DOGE. At its current price of 25 cents, that would mean one’s $1,000 investment would be worth just under $100,000 right now. But, let’s not stop there.
Is it worth investing in Dogecoin? Sure, Dogecoin is a standout cryptocurrency. It’s one of the only projects made entirely as a joke, only to see some sort of success. Plus, Dogecoin is also one of the oldest projects in existence. However, because there isn’t much of a unique use case here, Dogecoin is arguably not going to last.
Dogecoin is more likely to reach $1 before Shiba Inu. Both cryptocurrencies skyrocketed ... which means that it currently manages 133 billion Dogecoin and that means that to reach a dollar per token it would have to register a growth of 525%.
How to buy DOGE in 4 steps
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In today's Dogecoin price prediction video I'll show you where I think DOGE could be heading next based on Trade Confident ...