It is funny, isn't it? Who would have thought in 2014 that Doge would last this long and would even reach almost a dollar? It was a mere meme coin which was meant to be just a joke. It was the ancestor of the likes of boobcoin, beibercoin, trumpcoin, etc. But well this is the crypto market. It would have been better if you've forgotten your Doge until it hit $0.70.
But still I think I wouldn't recommend investing on shitcoins with exaggerated predictions.
Since Doge been hyped by Elon that makes it’s price too high even it is just a meme coin, we can’t really tell upto how much the coin can be since there are influencers who might use their position to give coins some impact. When it comes in other coin predictions it’s hard to tell whether they can get some spotlight unless it’s already trending. Predictions sometimes made by experience market experts but it’s still our decision to check their basis and if it have some potential. At the end of the day it’s our money at stake so we should be careful whether to listen to the predictions or not.
Still, even before Elon's involvement, Dogecoin's price was still high for what it is, a meme coin with an unlimited supply. I remember owning a few thousand when it first appeared. They were worth $5–10 at most. Unfortunately, I sold them when the price had plenty of zeros after the decimal. Even the current prices are extravagant for what Dogecoin is, it serves no purpose, apart from it being used in gambling, perhaps, I can't think of anything else. The interesting part is that it's currently sitting in 11th place on CoinMarketCap, with a market cap of a little over $8.5 billion.
P.S I'm not implying that BTT could possibly reach $30; I'd be a multibillionaire if that were the case. It's just a simple example of how many exaggerated forecasts are out there.
Cryptocurrency market is unpredictable and crazy. I also believe that was an exaggeration, but who would think in 2009 that Bitcoin will reach its price today? Bitcoin is literally $0 way back in 2009 and $0.4 in 2010. I am not saying BTT will have the same fate as Bitcoin but I am just stating a fact about how unpredictable and crazy the cryptocurrency market is.
But in seriousness, no one will believe if a person predicts a cryptocurrency price 30 years from now. Because that statement is speculation at its best. But it doesn't hurt to hold some BTT, around $10 worth is good IMO since that amount won't make us broke.
I certainly see your point of view. In my opinion, BTT, in this case, is highly unlikely to ever see such a hype. I recently saw speculations about Luna Classic too. There are people claiming it could possibly reach $1. I don't see it happening, but I understand that the cause of such predictions varies (efforts to hype a coin, purely fictional, or an attempt to motivate holders).
