Can Dogecoin reach 1$ soon?

[bryant.coleman]

DOGE is currently going up and everyone is excited about it. As we have seen numerous times in the past, when a particular cryptocurrency goes up, most of the users ignore the fundamentals and keep holding on to their coins believing that it will go up even further. And when the crash comes, they will be completely unprepared. If DOGE can go up 5x as a result of a single tweet, then it can also crash by 90% from a single tweet. Always remember this before investing in DOGE.

[Skieleton]

Since Dogecoin's future distribution is infinite, as is supply, most of Dogecoin's target prices are low compared to forecasts for other cryptocurrency assets such as Bitcoin. This does not mean that the long-term price of Dogecoin cannot be predicted; quite simply, the Dogecoin trend has not always been positive, leaving future DOGE adoption in the air. If it doesn't, no matter what Dogecoin's projected growth is, the project could fail and become a poor investment.

[LUCKMCFLY]

for Doge coin has indeed experienced a very significant increase. but to reach the price of 1 $ is not possible because we just look at the fantastic total supply of Doge coins. the price is now very expensive. like the doge coin won't touch the price of 1 $.

It's not that it won't hit the price of $ 1 but it will be difficult for Dogecoin to touch unless there is more support from the other side which can make the volume of its buying requests increase sharply without the slightest waste, so that's what seems hard to happen to Dogecoin.

Even if its demand is increased, still it is very difficult for doge to reach a dollar because of its huge supply. It will require a very big marketcap for this and it is not practically possible.

If elon musk declare publicly that he is no more into dogecoin, I foresee it downfall which is normal. Majority of the people that are trading dogecoin today do so just because of the sudden flare for it by elon musk

That will be the end of the doge coin if elon musk tweet anything negative about it.  All of this doge hype is only because of Elon Musk tweets.

I totally agree with you, Doge's pump is very likely due to Elon Musk's tweets, and on Reddit it was all crazy. When observing the chart we have the following:


tradingview.com

It is clear that there is a very large volume of sell.
Some Doge defenders indicate that they expect to have much higher values of it, for others Doge means just a meme, the capitalization power that it can obtain for many is mere luck. However, in some casino and betting platforms, Doge is widely used, especially to avoid high fees, and this has given the currency much more mobility.


If there is another tweet in favor of Doge right now, it can certainly take a big leap, but I see a long way to go to 1USD for now.

[bandungan]

It is very difficult in my opinion, seeing the current price of Dogecoin with a large total supply and also Dogecoin will not be like other altcoins that can have a drastic pump in just a few hours. but even so, Dogecoin can still be used as one of the coins used

[susuberuang]

DOGE coin is very good altcoin to invest in the long run, but DOGE coin is unlikely to reach $1 in the near future because The doge coin is coin that is not ready financially, and I think this coin am being pushed too hard by Elon.  Musk, if the tweetan didn, 't say he didn, 't join the doge coin, this coin would not stand out of the way it is today, my advice is to be the careful investing with the doge coin,

[deathcode]

to be honest that would be hard to achieve. $ 1 is still too far and heavy for Dogecoin. even if there was a coin burn of up to half I still doubt Dogecoin would have achieved it.
The current price of Dogecoin is clearly regulated by their large community which holds large amounts of coins. if the developer does not limit supply and mining. $ 1 is very unlikely to be achieved.

[TastyChillySauce00]

It is very difficult in my opinion, seeing the current price of Dogecoin with a large total supply and also Dogecoin will not be like other altcoins that can have a drastic pump in just a few hours. but even so, Dogecoin can still be used as one of the coins used

Agreed, even the fact that doge could still hold its value at around half of ATH despite the hype has died out is already good enough for Doge. If it really hits $1 in the future then the market capitalization would be very huge and I doubt at that time people not gonna dump, it seems the big whales gonna dump doge to the bottom if $1 price ever reached since that's exactly what they aiming for.

[gurunanakji777]

In my opinion, I do not think it will ever touch 1$ value. Its been quite popular now When Elon Musk also invested money in Dogecoin. Yes, Its just a meme coin, and I don't have expectations from this coin but sometimes markets behave unnaturally and anything can happen with any coin still the chances of Doge to 1$ is almost nil.

[Mauser]

Dogecoin is a meme coin or shitcoin that has no value from year to year, now Dogecoin has shown its identity and is attracting investors with an increase that is very far from analyzing the possibility that Dogecoin will stick higher or fall lower in the coming year, Dogecoin is also a one of the coins that are the target this year is it last long, we are not yet in the next year what will happen

I would be carefulwith Dogecoin aswell. So far the Coins performed very well this year with 1000 % year to date return. But expecting Doge to rise to $1 is too much in my opinion. With currently only $0.055 that would mean it would be another huge rally. This could only happen if another big investor would decide to buy a large part of the market.

[Shussainshah]

i am not agree with your statement because doge is not any fundamentally strong doge coin is meme coin  and some big influencer are talking about and they suggest t every one buy this coin so that the reason they will get some hype in 2021 but i am not sure they will reach 1$ we all this is a crypto market everything is possible i am not sure they will reach this kind of price .

[geegaw]

Dogecoin is a meme coin or shitcoin that has no value from year to year, now Dogecoin has shown its identity and is attracting investors with an increase that is very far from analyzing the possibility that Dogecoin will stick higher or fall lower in the coming year, Dogecoin is also a one of the coins that are the target this year is it last long, we are not yet in the next year what will happen

I would be carefulwith Dogecoin aswell. So far the Coins performed very well this year with 1000 % year to date return. But expecting Doge to rise to $1 is too much in my opinion. With currently only $0.055 that would mean it would be another huge rally. This could only happen if another big investor would decide to buy a large part of the market.

The manipulation action around dogecoin is quite obvious, the profit number you say doesn't prove dogecoin's performance, it just proves more that your worries are correct because this market doesn't have a lot of randomness, the factors behind are important and without the factor behind, the project will slow down and stop growing. The factor that changed the dogecoin is Elon Musk but the successful first revolution will not mean that the second will be the same, investors began very high alert with the farce that this guy created

[Alohadanc3]

For me it's really hard to reach $1 dogecoin. But this market is full of volatile so it's also hard to predict. And when it's doge it's really hard to predict. Cause doge come to this market just to fun with no future preparation. But somehow the doge community started to like it and now many celebrities are into doge. So it collect some free promotion to mass from many big names. If more people started to promote it I think it can reach any target.

[xanxus.kun]

In my opinion I find it really hard for this coin to pump around $1.00 or so, due to the hype of media and Elon Musk the coin pump for some reason however the utility of this token is a huge question. Don't ride this hype with a billion token circulating, I don't think so.

[ultrloa]

In my opinion I find it really hard for this coin to pump around $1.00 or so, due to the hype of media and Elon Musk the coin pump for some reason however the utility of this token is a huge question. Don't ride this hype with a billion token circulating, I don't think so.

Dogecoin does get strong support for Elon Musk but you must know that the supply of Dogecoin is too much so that it will make it difficult for Elon to increase its price, there should be another strong support that has a lot of money to make the Dogecoin price go up and of course can use Dogecoin as one alternative transactions that can be used for many people because when demand increases it will make the price rise.

Thats right so before Doge reach that $1 price it should have a tremendous volume cane from various investors since if only elon will just hype it up maybe we can only see a pump and dump scheme from Dogecoin. Although many look at it as option in their transaction but I think this is still not enough for it to reach that price.

[Amejoaquim]

It wouldn't be happen, trust me.

I think theres a lot of peoples knowing about DOGE is just meme coins and dont have any target in the future.

How is that possible with 120 B supply can reach $1, no no no for me it's delusional.

[poldanmig]

Predictions that I think are impossible in the near future. No matter how strong Elon Musk's fomo is to encourage people to buy, it would take 10X of Doge's current Marketcap to push the price down to 1 $. and I think this will be impossible if done in the near future. It takes big money to be able to change the price of a doge by 1000% increments. In addition, people have also started to get bored with what Elon Musk did to provide information, but every time it turns around to what he tweeted before.

[LGD2Business]

It won't reach 1$ unless they limit supply and burn tokens, which looks impossible right now.

Don't get your hopes up because it has ridiculous market cap value already. It can't pass Bitcoin marketcap, ever.

[gabbie2010]

It wouldn't be happen, trust me.

I think theres a lot of peoples knowing about DOGE is just meme coins and dont have any target in the future.

How is that possible with 120 B supply can reach $1, no no no for me it's delusional.

I day traded DOGE in Binance I was very disappointed with the the coin has a low volatility without any momentum the coin was stagnant throughout while other coins pumped  I hurriedly close my position and move on to another coin.
I agreed DOGE huge supply had an impact on the low growth of the coin imagine lot of coins that were launched after DOGE are all pumping well and trading with huge volumes in all the major exchanges I hope DOGE developers look into it thus  putting it into a proper shape.

[bittick]

It wouldn't be happen, trust me.

I think theres a lot of peoples knowing about DOGE is just meme coins and dont have any target in the future.

How is that possible with 120 B supply can reach $1, no no no for me it's delusional.

Couldn't agree more, not to mention the coin keep adding day by day and there's no hard cap for total supply (cmiiw).
some people more specifically in reddit think doge really gonna hit $1 mainly because they want to ride the same elon hype train again but trust me, if people really want doge to reach $1 one day, they gonna need more than elon's tweet.

[bobyhodob]

It is very difficult for Dogecoin to reach 1 $ because of the enormous supply and the pump price because of the Fomo effect of the big people in the world because there is very little demand