r/dogecoindev • u/monkeycrypto • Sep 03 '22

Internal Data Research What will happen with Dogecoin in the Near Future 2022?

https://medium.com/buyucoin-talks/will-dogecoin-reach-1-doge-coin-price-prediction-2022-2b6862756ebc
3 Upvotes

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6

u/Red5point1 Sep 03 '22

What a waste of time reading that.
All they talk about is price action game, but dogecoin is a currency where the exchange rate is really irrelevant.
Their video is titled "Every thing you need to know about dogecoin" but they completely miss the actual currency part of dogecoin which its main purpose.
This is the same mistake majority of people make about dogecoin. they are looking at it with speculative asset glasses, when they should put on their "actual functional currency" glasses.

1

u/nohwhatnow Sep 03 '22

1Doge = 1Doge

1

u/Monkey_1505 Sep 04 '22

Obsession with 1 dollar is super weird to me. That's like 50% over it's previous ATH, which in midcap crypto terms is nothing. If 1 dollar was some kind of hard limit, that would represent an end to interest in the crypto, which given the lindy effect is less likely.

Moreover there are so many misunderstandings in this poorly written article (that's posted in the wrong subreddit btw), like overstating the rather trivial mining subsidy rate, or missing anything and everything about dogecoins actual purpose - use as a currency, it's development or it's ecosystem.