Despite its origin as an online joke, Dogecoin has made many investors millionaires. With Tesla CEO Elon Musk’s support, Doge price has soared more than 10,000 percent over the past year and about 130,000 percent in the past five years.
Many investors are keen to find the next Dogecoin, which is why Wifedoge price prediction is in sharp focus right now.
What is Wifedoge coin?
Unlike Shiba Inu that has styled itself as Dogecoin killer, Wifedoge is friendly to the flagship Doge. While Babydoge describes itself as the son of Doge, this one calls itself the wife. Therefore, Babydoge and Wifedoge are seeking to complement the flagship Doge.
Elon Musk supports Wifedoge coin?
Billionaire Elon Musk is a big fan of Dogecoin, calling it his favorite cryptocurrency and predicting it could become the standard payment for the world. Dogecoin price usually soars after Musk tweets about it. Is the electric vehicle billionaire supporting Wifedoge as well?
The Wifedoge team has reserved 5 percent of the crypto’s supply for Elon Musk. The plan to release the tokens to Musk in the future. The team appears to be trying to get Musk to endorse Doge’s wife. The Tesla boss has already signaled supported for the little Babydoge.
Is Wifedoge crypto a good investment?
You might be interested in Wifedoge price prediction because you’re trying to figure out if its a good investment. If you missed the opportunity to invest in Dogecoin early and looking for the next dog-themed crypto to explode, you may want to consider Wifedoge crypto.
Wifedoge might also appeal to investors seeking cheap cryptocurrencies to buy. The Doge’s wife currently costs just fractions of a cent. That allows you to start investing with small amounts.
It might also impress prospective investors that Wifedoge aims to have the same value as Dogecoin. If that is the goal and if the new dog-themed token strikes the right chord with investors, then it has enormous upside potential considering where Doge’s price is right now.
However, this being a new cryptocurrency and considering that all investments carry risk, it’s prudent to approach Wifedoge carefully. You might want to start investing with small amounts that you can afford to lose and increase gradually as you make more sense of Wifedoge’s prospects.
Wifedoge's price prediction:
Investors want to know where Wifedoge crypto will be in the future. Interest in Wifedoge’s price prediction has increased after the token’s market cap recently surged more than 3,000 percent in a single day and hopes that Elon Musk will back it.
Meme cryptocurrencies can swing sharply so it won’t come as a big surprise if Wifedoge’s price increased tenfold from the current level by the end of 2021. For example, the crypto’s price could explode if it secures Coinbase listing as that would give it significant investor exposure. Additionally, Wifedoge price could rise rapidly and sharply if major brands move to accept it as a payment.
But a negative event like Elon Musk rejecting his token allocation could cause Wifedoge price to crash. Adverse mentions by other public figures and Doge fans like Mark Cuban could also deal a blow to Wifedoge price.