There is hardly a person tapping into the crypto market who hasn’t heard about Dogecoin (DOGE) and Bitcoin (BTC). These are two of the most well-known digital currencies, but they won their reputation in different ways.
Dogecoin has gained significant attention because of its meme coin status and endorsements from leading decision-makers. Bitcoin, on the other hand, is the first cryptocurrency ever. It now holds the leading position on the market and is known for bringing impressive gains for investors.
But how do you profit from the DOGE to BTC swap? Keep on reading.
Back in 2013, Billy Markus and Jackson Palmer created a satyric cryptocurrency. They got an idea from the Shiba Inu internet meme to convey their attitude towards big promises of Bitcoin and other cryptocurrencies to take over the world. After Elon Mask supported the DOGE in 2021, its popularity surged.
Compared to other cryptocurrencies, the use cases of Dogecoin are limited. You can use it for payments and purchases. But it won’t satisfy your need in becoming a token for building dApps or enabling smart contracts.
The DOGE coin is accessible to everyone because of its low price. However, it can be highly volatile in a short period. For instance, in 2021, its value skyrocketed from less than a cent per coin to $0.70 (which was an all-time high price). 2022 was a poor year for the meme coin with its value dropping to $0.05 per DOGE. Dogecoin entered 2023 with a $0.018 value but has shown strong potential lately increasing up to around $0.07 per coin.
DOGE Future Price
As we already said, the DOGE coin’s value is highly volatile. Any unexpected event like media coverage may affect the price of this crypto.
However, it is estimated that the average DOGE price will be $0.10 throughout 2023, with min and max values of $0.099 and $0.11. In 2024, we can expect to see growth to $0.14 per coin. 2025 will bring the cost of $0.21 per DOGE on average.
Bitcoin is a pioneer cryptocurrency relying on blockchain technology to carry out peer-to-peer transactions. This way, it helps eliminate the need for centralized regulating authorities (like a bank or other financial institutions). It was released in 2009 by an unknown individual or a group of people under the nickname Satoshi Nakamoto.
BTC, the platform’s native currency, allows users to make transactions and authenticate them. You can buy, exchange, or mine BTC.
Bitcoin holds its value, even despite fluctuations, because of the limited supply. When the demand for this currency grows, so does its value. In November 2021, BTC reached its all-time high value of $69,044. It then experienced a sharp drop in June 2022 going below $20,000. Since the beginning of 2023, Bitcoin has been showing a growing trend, slowly increasing its value. Because of this, we may assume that the coin will unlikely become a profitable asset in the nearest time. Hence, you may want to look at other investment options like https://godex.io/blog/safemoon-price-prediction-for-2022-2025-2030-2035.
BTC Future Price
Will Bitcoin even regain its ever-high value? Considering the behavioral patterns of this currency, PricePrediction suggests that it may happen in 2025. By the end of 2023, the BTC price will grow to $31,243 on average. Then, we can expect to witness the $47,199 BTC value in 2024.
DigitalCoinPrice is more optimistic. They predict that 2024 may be the year when the BTC value will get close to its all-time high price. In 2025, the cost will skyrocket to $92,845 on average.
What Is the Best Investor Choice?
Both Dogecoin and Bitcoin are far from being in their prime time. The fluctuating crypto market is shaping the performance of crypto coins, giving little promise for a rapid recovery.
However, when you decide between Dogecoin and Bitcoin as an investment asset, it is better to estimate your goals, risk tolerance, and scenarios in which you will be using these coins (if any apart from investment).