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Dogecoin and Tradecurve To Reach $1, Top Traders Give Their Views

It’s been a crazy couple of weeks for crypto, with the news that Blackrock is filing for a Bitcoin ETF, trumping the SEC FUD.  So as the markets are in the green and memecoins are back in favor, we ask, can Dogecoin and Tradecurve reach $1?


Can Dogecoin really reach $1?

If you do the math, it’s highly unlikely, since at the current price of $0.066, a move to $1 would require approximately a 1400% increase.  This means that Dogecoin would have a market capitalisation of around $140 billion, which, as the Motley Fool points out, is more than the market cap of Starbucks and Paypal.

Still, let’s explore some other viewpoints. Techopedia predicts that it is possible that Dogecoin reaches $1 by 2030, noting positive developments such as Elon Musk temporarily changing the Twitter logo to the Dogecoin logo. Also, the creation of the “DRC-20” token standard led to increased network activity on the Dogecoin blockchain, which follows the lead of the Bitcoin Ordinals and Litecoin Ordinals protocols.

However, Techopedia note that whether this will generate sustained demand or remain a passing trend is yet to be determined.  Another point in Dogecoin’s favor is that it is a Proof of Work coin, and therefore it is not declared as a security by the SEC.

On the negative side of things, they point out two tokenomics issues that could limit Dogecoin’s price. Firstly, the concentration of ownership is a concern, with the top 10 holders controlling 46% of all Dogecoins.

Secondly, unlike the majority of cryptocurrencies, Dogecoin lacks a maximum supply. As an inflationary token, new sell pressure is continuously introduced into the market, distinguishing it from assets like Bitcoin, Shiba Inu and Tradecurve

Tradecurve to $1 – a matter of when, not if?

For those unfamiliar, Tradecurve is a decentralized trading platform that combines the best features of a decentralized exchange like Uniswap, with a spread betting platform like IG, and a centralized exchange like Binance.

Tradecurve essentially allows anyone to use crypto as collateral to trade assets such as gold and silver, forex, stocks and shares, bonds and more. As everything is on the blockchain, no KYC is required and the SEC’s regulations don’t come into play.

Tradecurve is currently in presale at $0.018 and it will continue to rise in price until it reaches $0.088, at which point the presale concludes. They will then launch on Uniswap and Tier-1 exchanges such as Coinbase.

Market analysts are predicting anywhere from 50X to 100X for this coin, and if they are correct, then the coin will far exceed $1.

If the TCRV token hits $1, given that the token has a supply of 1.8 billion tokens, the market cap would be $1.8 billion dollars, a mere fraction of the theoretical $140 billion needed for Dogecoin to reach $1.

To put all of this in perspective, Binance’s BNB coin, which launched in 2017 for $0.11, now has a market cap of $39 billion.  Since Tradecurve see themselves as a challenger to Binance, TCRV’s $1.8 billion target to reach $1, seems achievable.

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