Well, if you fold a paper 43 times, that paper will reach the moon… I’m not kidding. Now, here’s a question: How tall do you think the folded paper would be if you folded it 43 times? Most people guess about 10 inches high. When you fold it, it gets taller (or thicker). 2 becomes 4, which becomes 8, 16, 32, 64, 128, 256, 512, etc… If you don’t think that the network effect grows fast enough, or that exponential growth isn’t enough, think about this: Let’s pretend it’s possible to fold a piece of A4 paper an unlimited number of times. The great thing about networks is that they are exponential by nature. The actual value of the Dogecoin network also increases in tangent with this network effect: Basically, if more people buy DOGE, more businesses will try to implement DOGE into their services, leading more people to buy Doge, etc. It’s almost like a pyramid scheme, only that it really isn’t. However, in this type of gambling, you’re rewarded for inviting more “players”, starting some sort of network effect. No… People buy DOGE because it is fun! It’s sort of like gambling, but with a lot more winners. Also, remember what’s driving the price of Dogecoin – The network effect: People don’t buy DOGE because of its awesome fundamentals, or its ability to “change the world”.
If Bitcoin reaches $1 million, there’s a high chance we’ll see a DOGE well into the “multi-dollar” territory.
A market cap of 1.75 Trillion Dollars for a meme-coin seems too good to be true, right? Well, it depends on how you look at it: Dogecoin follows the growth of Bitcoin to some degree.
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