DOGE coin will it go beyond $1, why & why not?

[protEr]

  Normally coins with a low coin supply usually have a high price while those like doge coin will have a low price because the total supply of coins in circulation is too high to influence price to go up unless there is a significant amount of people demanding for doge.

[1714896097]

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[coingrowth]

I think it is impossible for a Doge coin to reach 1$ because it needs to struggle a lot because once the price of Bitcoin crosses more than 40,000$. Then Satoshi value becomes more expensive and the current value might go over to lower Satoshi. With huge supply of the Doge, it is impossible to cross more than 1$.

[Sirait]

I think it will never reach 1$ because it has a high supply.

That's right, Dogecoin supply has now reached 121 billion coins, if Dogecoin is worth $ 1 then Dogecoin market capitalization will defeat Bitcoin, and this is impossible.

if the Dogecoin Developer wants to burn 50% of their coins then I'm sure Dogecoin will be worth $ 1, but this is not possible, so I don't believe Dogecoin will be worth $ 1.

[Google+]

I think the price of altcoin like this doge has the potential to be expensive, but dogecoin requires a lot of very good developments to be able to attract investors and can make the price go up, all coins that have high prices usually have very good developments and are widely used by people to do a transaction.

[CasinoAdrenaline]

Most definitely no due to total supply of Doge coin. In theory, it would be possible if the total supply gets halved, but I see no reason why would that happen.

[SvonioneFromMangoCoinz]

With the current market situation, nothing will happen. When the bull run comes, we hope the top coins do that extraordinary thing, but for now, hold Doge will be one of the wrong decisions because the market is still having a strong discount in those days. This will not stop because it is about to end Q4 and you will see the red market once again.

[tungaqhd]

I think it will never reach 1$ because it has a high supply.

That's right, Dogecoin supply has now reached 121 billion coins, if Dogecoin is worth $ 1 then Dogecoin market capitalization will defeat Bitcoin, and this is impossible.

if the Dogecoin Developer wants to burn 50% of their coins then I'm sure Dogecoin will be worth $ 1, but this is not possible, so I don't believe Dogecoin will be worth $ 1.

The supply which is too large is really a disadvantage for dogecoin in the price increase because that means dogecoin is not so scarce, it still has a large volume and people easily collect, pushing prices too high to be impossible, whales certainly know that people accumulate quite a lot of cheap altcoins like dogecoin to wait for the pump. Besides, dogecoin is not so potential when in recent years as an end of it, the value and influence to the community is very low, people are only using it to reduce transaction and conversion costs primarily, with very little investment and holding

[AwoCorporation]

the principle will remain the same, when demand is high and supply is limited or little will make prices rise. but you can see how doge has a huge inventory. it will be difficult to grow it, unless the developer will burn most of their coins circulating in the market.

[FLHippy]

I hold some DOGE if it goes 1 USD, I will have some decent money to spend some going to some parts of the world. I just want to know if this year it will touch 1 USD like the XRP which they have the same volume as Billion supply I mean.

It is impossible. DOGE now costs 0,002119USD, you imagine that DOGE will moon and multiply its price 500 times? Bitcoin would then have to cost 500,000USD .That would make everyone millionaire, don´t believe it.

[calandra78]

I hold some DOGE if it goes 1 USD, I will have some decent money to spend some going to some parts of the world. I just want to know if this year it will touch 1 USD like the XRP which they have the same volume as Billion supply I mean.

It is impossible. DOGE now costs 0,002119USD, you imagine that DOGE will moon and multiply its price 500 times? Bitcoin would then have to cost 500,000USD .That would make everyone millionaire, don´t believe it.

nothing is impossible friend. bitcoin doesn't have to reach that price. You can see this and it might happen when doge mining is stopped and the supply is limited and reduced in half or gradually. then the price will also follow the demand in the market.

[nira09]

the principle will remain the same, when demand is high and supply is limited or little will make prices rise. but you can see how doge has a huge inventory. it will be difficult to grow it, unless the developer will burn most of their coins circulating in the market.

burning 50% of the total supply won't increase the price of doge coins to $ 1 USD, besides Doge also doesn't have a token burning program, so just forget your hopes the doge will be $ 1 USD.

[coinswebid]

I hold some DOGE if it goes 1 USD, I will have some decent money to spend some going to some parts of the world. I just want to know if this year it will touch 1 USD like the XRP which they have the same volume as Billion supply I mean.

your predictions was wrong, because in 2018 doge never touch $1 my friend
and maybe this is a big dream from you if doge will touch $1, because in my opinion thats will never happend to doge buddy

[bitkanu]

I think it will never reach 1$ because it has a high supply.

It's not caused by the high supply but the doge can be categorized as a coin with an infinite supply.  The creator of doge is not even telling about how much supply that can be mined by miners to achieve the hardcap supply.
This is a coin with very very big inflation.
$1 is an impossible thing. millions of doge distributed every day to the market.

[lumierre]

I think it will never reach 1$ because it has a high supply.

True, but it does not mean that it is not profitable to deal with it, vice versa. Dogecoin popularity is great, for instance, it is used in different charity projects. A lot of online stores take it as well as casinos online, where you can also make DOGE gambling. This token will live for long, and it has already proved that it is not going to leave the market of cryptocurrencies.

[adroitful_one]

Not any time soon. There are 121 billion Doge coins out there. The whole crypto market cap is only valued at about 217 billion. So, the market cap would have to rise tremendously. I won't say this is impossible. However, it will not be any time soon. It will likely never happen.

[sempak]

Not any time soon. There are 121 billion Doge coins out there. The whole crypto market cap is only valued at about 217 billion. So, the market cap would have to rise tremendously. I won't say this is impossible. However, it will not be any time soon. It will likely never happen.

So much supply to get 1 $? in a short time this is impossible. we may have a target but it should have the right facts so what we do is the right thing to invest or others,agree with you that it's a difficult thing

[numanoid]

I hold some DOGE if it goes 1 USD, I will have some decent money to spend some going to some parts of the world. I just want to know if this year it will touch 1 USD like the XRP which they have the same volume as Billion supply I mean.

your predictions was wrong, because in 2018 doge never touch $1 my friend
and maybe this is a big dream from you if doge will touch $1, because in my opinion thats will never happend to doge buddy

He never predict anything since it's only his opinion whether DOGE will reach $1 or not. He thought DOGE could be like XRP which ever reached more than $1 while their total supply crossed 99billion token. You can't say it won't be happen, do you ever think bitcoin could reached $20k when you knew bitcoin only worth less than pennies?

[Emperor of Man]

Nothing is impossible, but it's highly unlikely.

If DOGE gets $1, its marketcap will go > $120 billion. More than 50% of the total cryptocurrency marketcap these days. How probable do you think that is?

[lab rat hoax]

i think that it is impossible even in the long-term. Of course it may rise too much during bull periods and likewise it may fall too much during the bear period but it will never be 1 dollar as you imagine because the market supply of doge coin is too much and it never sees the investment it need for $ 1.
I suggest you not to have such astronomical dreams

[bitcoin31]

Even they have same supply XRP is really different to dogecoin and we know that Im really sure dogecoin will not cost $1 per dogecoin because if it reach that value is only takes to the coin for few years but look the dogecoin is is one of the oldest but the price is lower than XRP.  Xrp is more potential and the saddest part with that is dogecoin are not potential coin but still consider use it like playing gambling and some ways of investment but for the potentiality they don't have anymore.