Is dogecoin expected to surpass Bitcoin in the future?

Dogecoin cannot surpass Bitcoin in the future.

Because the distribution mechanism and management mode of DoCoCoin and Bitcoin are different, DoCoCoin's distribution mechanism is based on 65438+ 10,000 blockchain, but the number of bitcoins issued is limited to some extent, and more than 20 million bitcoins will be emptied, so DoCoCoin cannot surpass Bitcoin in quantity supply. Moreover, it is impossible for the market to have a financial currency of10 million times, because the current stock of funds in the market is not enough to support the market value of the second bitcoin.

Any financial market depends on the relationship between supply and demand. Although dogecoin has risen sharply recently and surpassed bitcoin in a short period of time, it is very unlikely that its stock and market value will surpass bitcoin.

Dogecoin has a small application range and a small audience.

Dogecoin and bitcoin have different usage scenarios. Master, the founder of Tesla, will be allowed to use Bitcoin to buy Tesla vehicles in his store in the future. As a giant in the technology circle, Master is also very optimistic about the future development space and application scenarios of Bitcoin. Dogecoin and Bitcoin have a certain gap in influence. Dogecoin's recent surge is driven by the capital market, rather than optimistic about the future development space. At present, dogecoin's application scenario only appears in American forums, and it is paid by tipping others. In reality, the physical store has no monetary attribute, and the corresponding company recognizes its value.

The essence of dogecoin's skyrocketing is a carnival feast of funds.

Recently, all kinds of media are scrambling to report the crazy rise of DoCoIN, which will bring a big wave of funds to DoCoIN, but the rise of any financial assets has cycles or peaks. Dogecoin has risen several times since the bottom. If you enter the market now, there is a high probability that you will pay for others. Many people are promoting that dogecoin will become the second bitcoin, and it will rise wildly by ten million times. The purpose of these propagandists is to attract off-site funds to buy dogecoin and let them sell it. The law of financial market is the rising stage in the early stage, and there is no news and no news. It is a common trick in the financial circle when someone needs to enter the market to take over. I hope investors can keep a clear head, don't get carried away by short-term gains, and use their real money to buy these without any, er, trading value? Coins? .

Finally, the currency circle is risky and investment needs to be cautious.