How does dogecoin go up?
So, how does dogecoin go up? You can speculate on what will happen to dogecoin, but you can’t predict when it will happen.
This article is going to be about the inner workings of dogecoin and the diverse ways people speculate on its future.
How do people speculate on dogecoin?
If you look on dogecoin.org, they have a page where you can type in what you think dogecoin is going to be worth in the future. They have links for actual currency, but what they do is let you type in what you think it will be worth in the future. They give you a value for dogecoin, and then they show you how much that would be worth in different currencies, like USD, Pound Sterling, Euros, and Gold.
This is called a Rate Prediction.
There is a way to calculate dogecoin’s rate predictions. For most people, they are going to be hugely different. But some people use the same equation for calculating dogecoin’s rate predictions.
It’s not secret: Bitcoin uses the same equation to calculate it’s rate predictions.
So, how does dogecoin use the same equation? The equation is called:
dgp = a * (btc / t) ^ (t / 365) * (v / v0) * (1 + r)^(t/365)
dgp = dogecoin’s rate prediction
a = dogecoin’s rate prediction
btc = Bitcoin’s current rate
t = how many days since the prediction
v = dogecoin’s value
v0 = Bitcoin’s value on the day of the prediction
r = Bitcoin’s annual inflation rate
What do they use as Bitcoin’s current rate?
The easiest way to calculate it is to use the current rate of $1,000,000. This is $1,000,000 divided by $1,000,000 = 1.
What do they use for Bitcoin’s value on the day of the prediction?
They use the current rate of $1,000,000, which is the easiest way to calculate it. It’s an uncomplicated way to do it and it’s the one that is used the most.
What is Dogecoin worth today?
To stay updated with Dogecoin and to read more detailed information visit my dedicated Dogecoin page found here: Dogecoin | Will Dogecoin reach 1$? | Why is Dogecoin a joke? (lewis-anderson.com)
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