Dogecoin VS Bitcoin and other Cryptos 

 Dogecoin will never beat Bitcoin because Dogecoin is rising sharply, it is not a value store, it has no investment interest in the institution, it has limited usage, and is much worse than USD as a currency.


Bitcoin now has a market limit of $ 1.1 trillion ($ 1100 billion), while Dogecoin has a market limit of $ 8 billion. The current price of Bitcoin is $ 60,000 / coin, while Dogecoin trades at $ 0.60 / token.


We can confidently say that the price of Dogecoin will never go up above $ 10 / Doge. We also believe that the Dogecoin market will reach $ 1 trillion. In short, Dogecoin will never beat Bitcoin. Let's find out why.



Technically Bitcoin and Dogecoin are similar. Both cryptocurrencies have a block size of 1 MB. The only differences between them are:


Bitcoin blocking time is 10 minutes, but Doge has a blocking time of 1 minute.

Bitcoin has a supply limit of 21 million. Dogecoin does not have a cap cap.

Bitcoin uses SHA-256, and Dogecoin uses a hash-based hash function.

Total Offer:

Currently, there are a total of 130 billion Dogecoin distributed. Bitcoin has a supply limit of 21 million, and to date, 18.7 million coins have been mined, with the last Bitcoin mined in 2140. Compared to Bitcoin, Doge has an additional 7,000X supply.


It is estimated that about 20% of Bitcoin is lost permanently. So, Bitcoin is smaller than we can imagine.



The following table shows the number of currencies available and their market value in the order of their most popular cryptocurrensets.


Cryptocurrency Current Supply Market Cap

Bitcoin 18.7 Million $ 1.1 Trillion

Ethereum 115.1 Million $ 206 Billion

Cardano 31.9 Billion $ 38.7 Billion

Polkadot 922.3 Million $ 34.2 Billion

XRP 45.4 Billion $ 23.1 Billion

Dogecoin 128 Billion $ 7.4 Billion

If we assume that the price of Dogecoin will rise to $ 1 / coin over the next two years ($ 10 billion), then the market value of Doge should be (130 + 10) billion x $ 1 / coin revenue = $ 140 billion.


Bitcoin has a market value of about $ 1100 billion ($ 1.1 trillion). Even if we think Dogecoin will be the largest crypto in the world, its price will not exceed $ 10 / Doge.


If we ignore Dogecoin inflation, for Doge to reach $ 1.1 trillion in the market, each coin will have a value ($ 1100 billion cap cap) / (130 billion coins) = $ 8.46 / Doge.



However, if Dogecoin takes four years to reach a market cap of 1.1 trillion, the value of each coin will be $ 1100 billion / $ 150 billion = $ 7.33 / Doge.


So, even if Dogecoin becomes the most popular cryptocurrency in the world, the price of Dogecoin will not go up to $ 10 / coin.


Inflation:

Everyone sees the USD inflation badly. No one likes our printing money for the federal reserve.


Unlike Bitcoin, Dogecoin is inflation and has no supply limit. Every minute, 10,000 Doge is added to the network. At this rate, miners can add up to $ 5 billion a year.


One thing we can say for sure by looking at Google trends is that Dogecoin is a hot topic in the crypto industry these days. Commonly known as a cryptocurrency inspired joke, Dogecoin is now accused of hitting bitcoin with its high values. Recently, the Dogecoin market value reached $ 8 billion, and the value of each currency reached $ 60,000.


We know that these numbers are nothing compared to bitcoin, but anything that can happen in this dynamic crypto market. Despite being a very cheap crypto, Dogecoin is still making the latest tweets of Elon Musk and other influential crypto leaders, indicating that there is something different about it. As mentioned, let’s find out if all the predictions and predictions about Dogecoin hitting Bitcoin are true or just hitting the bush.



First of all, Dogecoin is inflation, as you can see its unexpected price increase just like the usual tweet of Elon Musk. So is Dogecoin flexible, but we will find a big difference between Dogecoin and Bitcoin.


From having a 1-minute blockchain to a scrypt-based hash function, Dogecoin is not even a step closer to Bitcoin with a 10 minute blocking time and a massive market offering of 21 million.


In short, Bitcoin is better than Dogecoin in every way. Not only is it highly advanced and secure, but it also grows significantly more than any other currency on the market. In contrast, Dogecoin gained a lot of love and affection due to its invention and relationship with Shiba Inu dog. Shortly after the tweet was released, Dogecoin took to social media by storm, including comments from Elon Musk and Mark Cuban.