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People That Say “Imagine If DogeCoin Went to $10 or $100” Do You Guys Understand Market Cap and Circulating Supply? Dogecoin Price/Market Cap/Circulating Supply Analysis and Calculation

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# If you are buying dogecoin because:

1. *You are doing it for short term profit (Which is a risky game you are playing)*
2. *You are doing it for fun*

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**I’m okay with this because you understand the dynamics involved.**

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# But if you are doing it for long term profit…

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https://preview.redd.it/vmrn8qo7hxu61.png?width=1095&format=png&auto=webp&s=777bb4a5f8341d8f310854ffe3f743bc21205477

**Lets examine this:**

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Note: I calculated this when dogecoin was at $0.32 several days back (this might not reflect the price when you read this)

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[https://www.coingecko.com/en/coins/dogecoin](https://www.coingecko.com/en/coins/dogecoin)

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* **Although there are many factors that drive Cryptocurrency price, this is a general way to calculate what the price of a cryptocurrency is going to be.**

https://preview.redd.it/kbiy1nrzhxu61.jpg?width=1098&format=pjpg&auto=webp&s=902c50332aa269726b18b8ad1ad399c90f362d25

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* **When you are dividing, if the top number is higher, the answer will be a higher number.**
* **When you are dividing, if the bottom number is higher, the answer will be a lower number.**

https://preview.redd.it/7stufha9ixu61.jpg?width=1098&format=pjpg&auto=webp&s=321c77a9ee07dc367175896d00a2f7e1df7f2f20

* **In order for the Market Cap (Top Number) to go up, many people would have to buy dogecoin**, but many people understand this is a meme coin or a pump/dump coin. They are using this as short term profit or self entertainment because there is no long term adoptation compare to other crypto currency projects.
* **In order for the Circulating Supply (Bottom Number) to go down, they would have to stop mining dogecoin**, but there is 14.4 Dogecoins being produced in one day which is 5 Billion Dogecoin a year.

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* **If you want DogeCoin to be $10** based on the circulating supply we have now, then the **Market Cap would have to be 1.29 Trillion** *(Note: I calculated this several days back, so the number might be even higher now)*, **that’s if DOGECOIN STOPPED MINING and NEVER MAKE ANYMORE!**

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https://preview.redd.it/y8uj7wpnkxu61.jpg?width=1098&format=pjpg&auto=webp&s=51bad19cb85914a73423e7e106f224b6fabc6133

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* **How big is a 1.29 Trillion Market Cap? How much would it need to reach $10?**

https://preview.redd.it/z0x2clr2mxu61.jpg?width=1098&format=pjpg&auto=webp&s=d106a23320cfb6d4aedce9742171525939e4ebc2

* **Dogecoin would have to overtake Facebook and Tesla!**

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**Once again, this is if Dogecoin stopped mining right now and produced no more Dogecoin supply, but Dogecoin will produce to infinity, it will not stop producing because there is no cap.**

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**This is like trying to mop a wet floor that has a water leak and the water leak will never stop leaking. Yes, you can recruit more workers to mop the floor, but at some point the workers will quit and leave, then you are left mopping the water by yourself and eventually you will drown in the water.**

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**Take your mop and go home!**

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PS: I’m NOT posting this in Dogecoin subreddit. I will get stoned to death.



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25 Comments

  1. > I will get stoned to death

    This has a completely different meaning if you were in California or Colorado. Some people would pay a lot of money for that! ![gif](emote|emo_pack_1|dancing_wojak)

  2. Market Cap is a construct. Suppose everyone HODLs and the supply on exchange goes to near zero. A single buyer could pay a few bucks to send the “price” super high. Does that person’s couple of bucks make DOGE worth billions more? No. Market cap assumes every holder can sell at the current price without affecting the price, which is preposterous; it doesn’t really tell you much in the end.

  3. My problem with all of this is I remember the exact same conversation on 4chan in 2014 about Bitcoin. THE EXACT SAME CONVERSATION. ABOUT MARKET CAP AND CIRCULATION AND EXPECTATION VS. REALITY. When Bitcoin was only .5 per coin. SO FOOL ME ONCE TROLL.

    PS I do appreciate the time and effort put into make this though. Not financial advice but that time could have been spent buying the dip

  4. You forget that the USD is added at a rate of 9.8 BILLION per year, which is almost double the rate of dogecoin… by this logic the dogecoin will eventually reach >2x the USD, especially since:

    -there are only 300m Americans using USD, potential for way more in crypto
    -Doge based off of global GDP not just US
    -As middle class expands worldwide and access to technology/internet expands, crypto will continue to grow at an unprecedented rate
    -doge followers have something no other crypto holder has, loyalty
    -As businesses continue to accept crypto, the pressure to accept doge will be irresistible due to the high pressure of its loyal following

  5. Nice job writing this. Love the graphics you made

    It’s important to note that Doge’s inflation is currently around 4% annually. This is actually similar to the rate Ethereum has at this time. Because Doge keeps producing 5 billion per year the rate of inflation will continue to go down. Inflation isn’t the reason why it’s not a good investment, marketcap and tech are

    ^(Disclaimer: Yes, I know my name contains Doge. No, I don’t own Doge)

  6. Yeah but doge has already blown past projections. And it’s still cheap. So it’s a get rich quick scheme which is why it’s so popular. I agree w u and would never suggest it as an investment but it makes sense why people are into it

  7. *standing ovation*

    You’ll be surprised to see that not even your detailed explanation will turn many opinions. People are funny that way. But it’a as good of an effort as you can make. Well done sir.

  8. >2. You are doing it for fun

    The only right reason to buy doge. It was never intended as a serious investment and a lot of people have been/will be hurt by the fall out

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