After several years of being inactive, the foundation was relaunched in 2021 with a “renewed focus on supporting the Dogecoin Ecosystem, community and promoting the future of the Dogecoin Blockchain.” In addition to some of the original core team, the project now has some seasoned industry players as part of its board of advisors. Companies That Accept Dogecoin Because Dogecoin future distribution is endless, and so is the supply, most Dogecoin price targets are low compared to projections on other cryptocurrency assets like Bitcoin. That’s not to say Dogecoin long term price cannot be predicted; it is just that the Dogecoin trend hasn’t always been positive, leaving DOGE future adoption up in the air. If that doesn’t, no matter what the Dogecoin projected growth is, the project could fail and become a poor investment. With new support from big names, however, it just as easily could grow long term.
Unlike bitcoin, which has set 21 million as the finite amount of the digital currency, dogecoin has 129 billion coins in circulatIon and will continue to make new blocks of coins available to mine each year. That's part of the reason one dogecoin is currently valued at about three dimes and a bitcoin is worth about $62,000. What features to use in the CEX.IO app to buy Dogecoin (DOGE)? The Dogecoin price has been characterized by little excitement in recent weeks. While massive price rallies are normal in the bull market, the last few weeks have been characterized by sideways movements. If there is a lack of attention, little will happen in the Dogecoin price apart from small spikes.