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What I think about DogeCoin Value

I just thought I'd share my thoughts.

Current Value:

DogeCoin is approximately 1/7076th of a BitCoin, by volume.
If taken directly against BitCoin, with equal market value, Dogecoin would be worth $0.056, and where we're currently at is 1/1769911th of a BitCoin by price.

Estimates:

If BitCoin value rises to where Raoul Paul says, we're looking at a BTC value of $1,000,000 or $100,000 which would have us sitting at $141 or $14 given equal market share (Doge/BTC calculated by Volume), or at our current market share, $0.565, or $0.056 (Doge/BTC calculated by price).

Conclusion:

I think we need to close the gap in market share before BitCoin value jumps through the roof because at our current 1/1769911th rate, we'd be worth very little even with BTC appreciation.
By my estimates, we need to improve Dogecoin's value by a factor of 250 to reach the 1/7076th by volume. If we get larger than that, we would be the dominating cryptocurrency.
What do you think?
submitted by DRKMSTR to dogecoin [link] [comments]

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SLP203 Raoul Pal – Bitcoin and Macro Collide - YouTube

A conversation with Raoul Pal on Bitcoin and the future of finance, hosted by The Blockchain Association of Cayman Island and Digital Cayman, moderated by Pe... In this interview, I speak with Raoul Pal, economist and investment strategist. We take an in-depth look at the state of the global economy, whether we are on the brink of recession and the role ... Is there any way to make sense of bitcoin’s incredible rally? Raoul Pal asks Paul Brodsky, Chris Burniske, Nick Colas, Peter Brandt and Thomas Lee to lay out... Some macro economic thoughts on assets with upside the next year or so from Raoul Pal of Real Vision. Raoul Pal of Real Vision rejoins me on the show to talk about how Bitcoin and Macro are colliding. We talk about the incredible risk:reward opportunity of bi...

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