Can we see a huge rise in the price of Dogecoin ?

[arufox]

Of course we hope that the price of Dogecoin can rise to around $1, especially for people who have bought it before at a price of $0.5...

You can also dream about the price of bitcoin at 1000000 dollars or ETH at the price of 10 thousand dollars. You should understand that the cryptocurrency market can fulfill even the most incredible desire. Nevertheless, when calculating your desires, you need to use Circulating Supply coins and the total capitalization of the cryptocurrency market.

Correct. Indeed the cryptocurrency market can fulfill the most extraordinary desires. But we also have to be realistic in predicting prices by considering the supply and capitalization of these coins and the history of the coin itself. If we predict the price of bitcoin to reach $1 million, of course it is still rational even though it takes a long time, especially with limited supply, it is very possible if the price of bitcoin can reach $1 million, moreover, the price of bitcoin always prints new ATH when the halving comes.

[jossiel]

Correct. Indeed the cryptocurrency market can fulfill the most extraordinary desires. But we also have to be realistic in predicting prices by considering the supply and capitalization of these coins and the history of the coin itself. If we predict the price of bitcoin to reach $1 million, of course it is still rational even though it takes a long time, especially with limited supply, it is very possible if the price of bitcoin can reach $1 million, moreover, the price of bitcoin always prints new ATH when the halving comes.

Bitcoin having a limited supply is a big factor why it is possible to be seen in the future that it might hit $1M.

While for Dogecoin to see a huge price, it does not have that factor because it's got an unlimited supply. We have seen it fly and the same goes with other meme coins.

But we have this thought that if Bitcoin goes up, all the following altcoins including Dogecoin also goes high but, we will see it this time when the next bull run comes.

[Vinaa77]

Correct. I am also not sure if dogecoin will reach new ATH again. Moreover, in the past, not many people were interested in investing in this coin, but suddenly when Elon Musk came with his tweet, the price of Dogecoin soared so that many people flocked to invest.

At CMC we see Dogecoin is trending and now what is happening is Dogecoin is undergoing a correction with a price percentage reaching 3.03%. we can't confidently say that Doge has the potential to soar high given the current state of affairs, but it's a market, anything can happen here.

[kevindjunaidi]

it should be very possible that even if it doesn't have a big impact like Elon Musk initially entered crypto but at least Elon Musk still has a lot of followers and is known as the richest man in the world. There will definitely be an impact on the doge coin it supports.

agree, if Elon Musk still supports Doge, then of course the price of Doge can still increase very high, especially if the alt season comes and Elon Musk makes a good news about Doge, then of course the price of Doge can increase very high or even create a new ATH price, because there are still many people who invest or support Doge until now.

[savetheFORUM]

it should be very possible that even if it doesn't have a big impact like Elon Musk initially entered crypto but at least Elon Musk still has a lot of followers and is known as the richest man in the world. There will definitely be an impact on the doge coin it supports.

agree, if Elon Musk still supports Doge, then of course the price of Doge can still increase very high, especially if the alt season comes and Elon Musk makes a good news about Doge, then of course the price of Doge can increase very high or even create a new ATH price, because there are still many people who invest or support Doge until now.

No, he isn't talking about Elon himself but only to his followers. Yes, Elon is a rich guy but many of its followers aren't although if they will work together, a small combined amount can still go a long way. Maybe not now because Elon their master is still in silent mode, after the Twitter prank. Let see if what is his next move though.

The support of Elon for Doge is obviously still there so people are still hoping that he will manipulate the coin again but if Elon drop the support one day, I think many people will also leave Doge but I don't think Doge will die because before Elon came, Doge is already there. Anyways, alt season is close so let's see if what you are hoping is true.

[Teraboy]

it should be very possible that even if it doesn't have a big impact like Elon Musk initially entered crypto but at least Elon Musk still has a lot of followers and is known as the richest man in the world. There will definitely be an impact on the doge coin it supports.

agree, if Elon Musk still supports Doge, then of course the price of Doge can still increase very high, especially if the alt season comes and Elon Musk makes a good news about Doge, then of course the price of Doge can increase very high or even create a new ATH price, because there are still many people who invest or support Doge until now.

so it's always come back to elon shill and that's true, only elon's shill could somehow move the price of this coin, considering the fact that there are no real utilities with doge it's just constant elon shill that could really helps.

[dansus021]

Elon Musk is a Mystery Box.

yes he is, but since he is a businessman He know with what he doing, meaning he pumped or write something about dogecoin for profit he might buy a little bit and shout it out on twitter so he can make a return  since everything what he says seems can move the candle neither on crypto market or stock market.

But anyway The dogecoin has unlimited supplies no burn and pretty much a meme coin with no other utilities so far, So the price might increase when the altseason is coming or when the BItcoin is rising

[nimogsm]

it should be very possible that even if it doesn't have a big impact like Elon Musk initially entered crypto but at least Elon Musk still has a lot of followers and is known as the richest man in the world. There will definitely be an impact on the doge coin it supports.

agree, if Elon Musk still supports Doge, then of course the price of Doge can still increase very high, especially if the alt season comes and Elon Musk makes a good news about Doge, then of course the price of Doge can increase very high or even create a new ATH price, because there are still many people who invest or support Doge until now.

I’m more waiting for the community to do something on their own and not wait for Elon Musk to solve the price problems and introduce this coin somewhere. As for me, it is as strange as possible when a huge community is waiting for steps from only one person. The last time they added a logo to Twitter, no one understood why it had to be done.

[Woodie]

At the moment I don't think so, and Dogecoin had the best run when Elon Musk kept hyping this coin in all sorts of ways to the extent of wanting to have his Tesla company accepting crypto payments using Doge for its clients to buy automobiles...

But today, doge has one of the toughest competitions from shiba inu which hasn't given doge an inch to recoup and  compete actively...and with its devs not as active as shiba I honestly see the king of meme coins being handled over to shiba inu  anytime soon!

[ZAINmalik75]

So is it possible that he will use the ownership title of Twitter to push the prices of Dogecoin also ? I have observed some increase in prices already but will it continue for long run ?

Some how dogeCoin get hype due to Elon musk support, some people call him father of DogeCoin, it's true that Elon use Twitter to push dogeCoin price because few days later Elon Musk replaced the Twitter bird logo with the Dogecoin logo in order to get attention of investor toward DogeCoin but soon he bring back the bird 🐦. Most of the people trust Elon and if somehow he give indication of any coin through his tweet or any other, investor from all around the world invest Thier portfolio blindly without knowing the result just like when he add Bitcoin logo in his Twitter account bio and idea of accepting doge as a payment method of Tesla.
For a long runs success Elon should add doge as payment method of SpaceX and Tesla because currently it only hyped due to his tweets.

[Amejoaquim]

I think Doge's success will depend on how much Elon decides to manipulate it in the future.
If we look back at 2013/2014 it was .0002 or some ridiculous small number in 2018 before Elon even got on the Doge train it hit .02
So what can i say is Never say never, one thing the last bull run taught me is there is plenty of silly money out there that just needs some douchebag to point them in the right direction.

[riskarcher]

Doge coin is community owned and elon musk has the capability to influence the market price and that is what makes FOMO, honestly since the price was manipulated by elon musk I have no interest in the price of dogecoin and I think the polarization of dogecoin is predictable and no longer interesting because elon musk made doge coin a utility and that is not the standard meme coin that I know.

[v3liana]

As long as Bitcoin continues to go up in price. EVERY coin will eventually reach its former ATH so long as it can scale up with the rest of the market.
Though there are a few exceptions to that.
And one more thing is we cannot underestimate the power of memes and stupidity. And Elon.

[poodle63]

Speaking about doge coin and this time elon has many choices. elon was not always focusing on tweeting about doge coin right now. Elon's tweet didn';t give impact anymore to the price of doge coin.

I heard rumor about elon wanna make doge coin as one of payment in twitter but it was not coming true.

Doge coin only rely to the elon.