Dogi is the first cryptocurrency registered with the DRC-20 standard. It was deployed in March 2023, and its minting was completed in May, during the BRC-20 craze.
The total supply of $DOGI is 21,000,000, and as of writing, it is not yet listed on big centralized exchange. However, it is generating increasing interest, and the team working on its development has already secured listings on centralized exchanges (Ascendex, Gate.io).
Its interest is recent. The decline of BRC-20 tokens in June had the effect of overshadowing other blockchain standards like Dogecoin’s. However, since November, there has been a resurgence in the overall market and specifically in BRC-20 after the listing of ORDI on Binance.
This time, the DRC-20 has quickly caught the attention of the community, which recognizes its potential. Enthusiasts have started investing in this crypto, seeing it as the next ORDI. The DRC-20 now has a large community, and other tokens following the same standard are also experiencing significant growth.
This is notably the case with DCEX, launched by the DOGI development team, aiming to raise funds for marketing and the listing of DOGI.
The DOGI token has already shown impressive performance, having increased tenfold in the last 2 months.
Predictions for DOGI: Where could the DRC-20 token go?
While it is impossible to predict the future price of DOGI with certainty, it is evident that this cryptocurrency has potential. The team behind the token is highly active and is working towards listing on exchanges that could be game-changers.
The community is already quite large for a crypto that is not listed anywhere and is bought on auxiliary platforms.
We might be at the beginning of a bull run, as many predict for early 2024, which will likely lead to an alt season.
DOGI has the advantage of being correlated with Dogecoin, a cryptocurrency in which many believe for the next bull run. It indeed has potential, being at 1/5 of its all-time high (ATH). Events like DOGE-1, scheduled for the beginning of the year, could potentially drive its price up.
Moreover, DOGI attracts all those nostalgic about ORDI who missed that opportunity and don’t want to miss the next one.
With only 21 million tokens, its market capitalization can increase rapidly. For comparison, $ORDI recently surpassed 1.8billions in market capitalization, which would correspond to over $90 per DOGI.
Of course, it’s essential not to make shortcuts or awkward parallels!