Dubai Coin Price Prediction: How much can the price of Dubai Coin rise in the future?

A new cryptocurrency called Dubai Coin has recently been trending on the internet and among various crypto groups and forums. The coin has become quite popular since its recent inception, rising up more than 1000 per cent in 24 hours just after being introduced into the market. Dubai Coin has been built upon a public blockchain and is currently available on very few exchanges. Read on to know more about Dubai Coin and Dubai Coin Price Prediction. 

Dubai Coin Price Prediction

Making crypto price predictions can be difficult. Fortunately, many crypto experts and websites have given a price prediction for Dubai Coin. At the time of writing this article, the price of Dubai Coin stands at $0.09, according to Digital Coin Price. Digital Coin Price predicts that the price of Dubai Coin could go up to $0.13 by 2021 and up to $0.29 by the end of 2025. The website Crypto Ground predicts that the price of Dubai Coin can go up to $0.42 in one year and up to $2.6 by the end of 5 years. The website Bitgur has given a short term prediction for the coin, claiming that the coin could reach up to $0.71 in 30 days, a highly optimistic outlook. As of now, interested investors can buy Dubai Coin on these crypto exchanges -  HitBTC, Cryptopia. However, DubaiCoin is a fairly new cryptocurrency, and investors are advised to research the legitimacy of the coin before choosing to invest in such a brand new project. 

About Dubai Coin Controversy 

The creators of Dubai Coin announced that Dubai Coin will be used to pay for a range of goods and services both in-store and online, with the clear intention for the coin to be used in place of traditional bank-backed currencies. The company also announced that the circulation of the new digital currency will be controlled by both the city itself and authorised brokers, implying that the Dubai government also has a stake in this cryptocurrency. 

However, a Dubai authority rejected that claim, with a Tweet saying that Dubai Coin was never approved by any official Dubai authority. They also called the website promoting Dubai Coin an elaborate phishing campaign. You can check the official tweet here. So it appears, Dubai Coin is not an official Dubai government-backed cryptocurrency. You can take a more in-depth look at the coin here. 

DISCLAIMER: The information provided on this website is for educational and entertainment purposes. The information provided on this website does not constitute investment advice, financial advice or trading advice. Republic World does not recommend purchasing any cryptocurrency. Crypto markets are highly volatile and crypto investments are risky. Readers should do their own research on cryptocurrencies and consult their financial adviser before making any crypto investments. 

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