What is the potential of Dogecoin?

By Bitcable News | Earn cash online | 7 Feb 2021


This past week has seen Dogecoin rise above the $0.5 mark, and although this may not seem like much, it is a very good gain in crypto.

This was partly due to Elon Musk, along with other famous people, tweeting about Dogecoin.

However, there is one aspect of Dogecoin that some are weary of and that is that it has an unlimited supply. People are scared, that with an unlimited supply, the price can never reach a high value as supply and demand will not be a factor. On the other hand, others believe that as there is an unlimited supply, Dogecoin can be widely used by everyone across the globe.

 

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