Dogecoin prediction 2017
It's not just about Dogecoin, though. After an article in crypto-oriented media outlet Coindesk focused on Palmer's comments on Dogecoin, he posted an expanded statement on Twitter. As a result, we're seeing even highly centralized assets such as Ripple achieve extremely high valuations, despite their lack of technological innovation and misalignment with the original vision of Bitcoin," he wrote.
In general, the current market is a "bubble," claims Palmer, though he doesn't dare predict when it will burst. Need to differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society. Palmer is not the only one who's worried that enormous valuations of cryptocoins and greed have eclipsed the technological innovations that the cryptocurrency space offers. Ethereum co-founder Vitalik Buterin recently tweeted that "billions of dollars of digital paper wealth sloshing around" isn't quite the same as "achieving something meaningful for society.
Thanks to crowdfunding efforts, a gold coin representing the cryptocurrency will be reaching the Moon's surface in Well, for starters, it exists to compete with bitcoin, which is likely its primary function. Bitcoin, as many would no doubt believe, is the leader amongst the digital currency entities. It rules the world of virtual finance and has made its mark like no other competing cryptocurrency has.
In the long run, dogecoin is not quite where bitcoin is, but that could primarily be because dogecoin is still in its infancy. Bitcoin has now been in existence for a solid eight years, and while there have certainly been ups-and-downs the digital currency has certainly managed to hold its position and stand strong in times of strife and turbulence. Its price is incomparable to those of its competitors.
Dogecoin, on the other hand, is only a little over a year old. However, dogecoin has another purpose, and that is to provide those in the financial world with things that they would probably not receive through any other means.
Despite its lagging price over the past year, dogecoin has managed to do wondrously charitable things on a global scale. It has raised money to build schools in Cambodia and sent the Jamaican bobsled team to the Winter Olympics.
Leave a comment Bryan Ryersen. Bryan how could you forecast such a escalation for Doge? I predict big suprises if China latches. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates. View ICO See whitepaper. What is Helbiz HBZ crypto and will it disrupt the car sharing sector? EOS Analysis - Descending triangle confirms the sell signal.
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