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Author Topic: Dogecoin 🐕‍🦺 1$ possible in 2022 or not?  (Read 2442 times)
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February 11, 2022, 11:24:18 PM
 #41

When Dogecoin lounch, Dogecoin was a common cryptocurrency But over the trailing 14-month stretch, Dogecoin has rallied approximately 5,000%. And it was up considerably more when it hit its all-time high of nearly $0.74 per coin in May 2021.

With a veritable mountain of support behind Dogecoin, enthusiasts and holders believe it could hit $1 per token.

In terms of catalysts, there's probably none bigger than having the world's richest person in your corner. Tesla CEO Elon Musk owns only three cryptocurrencies. One of those happens to be Dogecoin. Musk is no stranger to promoting Dogecoin on social media platforms like Twitter, or posting obscure memes implying that Shiba Inu dogs are "going to the moon." what do you think about dogecoin?


No it had its pump, it made it to $.70 and that was with as much pressure that could be laid into it.  Volume has drastically reduced.  In terms of sats it will continue to fall as buy volume is drying up yet block rewards continually spit out 10,000 new doge every minute.  This is going under $.10 real quick. 

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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February 11, 2022, 11:28:40 PM
 #42

Per today, the price of Dogecoin is around only $0.1439. The market cap is also dropped very much. We can see also the rank has decreased in the Coin Market Cap.
And expecting that Doge will reach $1 this year?
I think that it is impossible. There seems no good progress or even interesting thing again to make Dogecoin rise up so much again like previously. The hype of Doge has ended and the price will be only around the price right now. Mabe it will only increase some certain cents.
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February 11, 2022, 11:55:25 PM
 #43

doge coin is always possible to reach such valuation. ATH was almost touching $1 and it seems like that the price will not go below 10 cents again. If doge coin can stay at this area and when there will be a big pump and this will be making doge coin to be pumped to the $1. The new floor means more price when it will be reaching its ATH. this may takes years to happen as doge coin will always stable.
You must also see the whole chart of doge coin. it will show you how stable dogecoin before the pump will happen with it

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February 12, 2022, 02:29:01 AM
 #44

Regarding the creation of Dogecoin as a memecoin in the first place, will not escape the thoughts of many people even now that it's beginning to have a use case. When Elon musk hyped the coin, it was booming and many investors bought the coin hoping to make quick profits and some bought the dip believing that it'll pump again but the price failed to boost again. A lot of people that bought the dip are still holding dogecoin but, those that bought when it was high in price I think must have discarded or sold their holdings in severe anger. My advise to investors is for them to look into other coins like ETH, when seeking for a project Defi is also a good option. Dogecoin is not yet capable to hit the $1 mark because it's use case has not been accepted generally.

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February 12, 2022, 06:22:08 AM
 #45

When Dogecoin lounch, Dogecoin was a common cryptocurrency But over the trailing 14-month stretch, Dogecoin has rallied approximately 5,000%. And it was up considerably more when it hit its all-time high of nearly $0.74 per coin in May 2021.

With a veritable mountain of support behind Dogecoin, enthusiasts and holders believe it could hit $1 per token.

In terms of catalysts, there's probably none bigger than having the world's richest person in your corner. Tesla CEO Elon Musk owns only three cryptocurrencies. One of those happens to be Dogecoin. Musk is no stranger to promoting Dogecoin on social media platforms like Twitter, or posting obscure memes implying that Shiba Inu dogs are "going to the moon." what do you think about dogecoin?

In my opinion, Dogecoin (DOGE) will not be able to return to its ATH price, there are several factors that make me think like that, the first is that Dogecoin does not have a fixed supply, every time the supply of Dogecoin (DOGE) will continue to increase, in fact the supply that is unlimited is not a problem if Dogecoin has such clear utility as Ethereum.

The second is from the development side, there is no development whatsoever in Dogecoin, even I think that Shiba Inu (SHIBA) is better than Dogecoin (DOGE) because they have clear utility and fixed supply.

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February 12, 2022, 06:25:06 AM
 #46

However, that $1 is not a hard thing for Dogecoin because of Elon Musk backup.
That's certain. If Elon thinks that he has to play along with the market again, he'll tell his thoughts about Dogecoin which will drive the market crazy again for Dogecoin and as well as its investors.

It's like Elon is the godfather of the investors of Dogecoin and that's where they're been depending with their decisions. It's an indicator to them if Elon starts to tweet about Doge again.

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February 12, 2022, 06:37:14 AM
 #47

Dogecoin still has the potential to go to $1 but it will take time, and I don't think Elon Musk alone is enough to keep dogecoin going up, it looks like it needs support from a new big guy, because Elon Musk was once branded a market manipulator, I don't think his influence is as big as before.

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February 12, 2022, 06:52:43 AM
 #48

When Dogecoin lounch, Dogecoin was a common cryptocurrency But over the trailing 14-month stretch, Dogecoin has rallied approximately 5,000%. And it was up considerably more when it hit its all-time high of nearly $0.74 per coin in May 2021.

With a veritable mountain of support behind Dogecoin, enthusiasts and holders believe it could hit $1 per token.

In terms of catalysts, there's probably none bigger than having the world's richest person in your corner. Tesla CEO Elon Musk owns only three cryptocurrencies. One of those happens to be Dogecoin. Musk is no stranger to promoting Dogecoin on social media platforms like Twitter, or posting obscure memes implying that Shiba Inu dogs are "going to the moon." what do you think about dogecoin?

Dogecoin's journey from the beginning until now continues to grow, where there was no initial support that made Dogecoin stagnant at that time, but when the hype influenced this coin to develop at a higher price, Elon Musk was the figure behind the coin's success, but after the hype ended Dogecoin doesn't seem to be a priority anymore by Elon Musk, what we need to understand is, Elon Musk's figure only surprised me once, after that he died the coin and switched to another coin, that's the pattern of investors in making coins valuable or declining.
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February 12, 2022, 07:19:09 AM
 #49

The hype that has happened to Dogecoin has started to decline with today's trading volume falling by 37% as well as ShibaInu and I think the price of this coin will drop even further but I am still optimistic that these two coins will strengthen again if Elon Musk tweets positive about the two coins, because Elon is still very strong to lead coin meme lovers so that the coin can go to the moon.
I am not optimistic about this coin in any way at all, the trend ended so quickly, and Shiba Inu took over.  Even the Shiba Inu’s trend didn’t last for a long time, both of them were something that lasted just for a short time, and it just happened for those who were lucky enough to be there when it happened. But any person that was late for it ended up losing their money.

I even saw some Twitter folks who were being positive that the price would get to $1, but they were disappointed that they price fell from $0.68 and down to what it is now. It just seems like people has already moved on, but let’s look forward to next year or before this year ends , and see what would happen to Doge coin or any of these meme coins.

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February 12, 2022, 08:07:14 AM
 #50

Dogecoin still has the potential to go to $1 but it will take time, and I don't think Elon Musk alone is enough to keep dogecoin going up, it looks like it needs support from a new big guy, because Elon Musk was once branded a market manipulator, I don't think his influence is as big as before.

Power from an Elon Musk I think can't be to this no more than ATH $ 0.7 - $ 0.8 in the bull run period after the bitcoin halving this time.
Even to reach $1 this year, $DOGE has lost its strength. There were a lot of people who were also stuck in the ATH price range at the time, and some people who were disappointed above that. Of course this also triggers fear.

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February 12, 2022, 08:18:15 AM
 #51

I think Doge coin has great potential to continue to grow, now more and more companies are active and developing Doge so that it will become a stronger coin, this of course has a positive impact on prices that will continue to increase, I'm sure the price of $1 is not a difficult thing to achieve this year This is of course if the market can move positively.

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February 12, 2022, 08:43:07 AM
 #52

I think it's too fast for dogecoin to $1. except this year there are signs of a bull run. so far there is no definite sign that the bull run market will exist this year. However, that $1 is not a hard thing for Dogecoin because of Elon Musk backup.
Even with Elon Musk behind me, I still have my doubts.
Dogecoin has now been branded as a manipulation coin by most people and it will surely have a disastrous impact even if they are in the billionaire pump.
Many people have bought at high prices a few months ago and it is not impossible that they will leave if there is a pump there.
I'm personally not too sure even they reach their same ath even if it's pumped by this billionaire

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February 12, 2022, 09:34:03 AM
 #53

~
When Musk hyped DOGE, nobody expected that he will do it thus the price of DOGE at that time pumped all the way to ~$0.70.
Will this pump ever happen again with DOGE, possibly yes but the question is which influencer will try to hype it again and will he be as popular and powerful as Musk?

With regards to DOGE to 1$, I'm not leaving the possibility that it can happen since we've seen DOGE pumped so much because of hype. Maybe another hype can put DOGE to 1$ but it will not sustain and stay to that price because of its nature of having an unlimited supply. Its only possible thru hyping it and nothing more.

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February 12, 2022, 10:01:11 AM
 #54

Doge coin already made it to 0.7$ so how hard can 1$ per doge coin be? It might not happen very fast but it's very possible, new loads of funds need to get into the project but I believe that 1$ is possible for doge coin, let me ask you guys this question is there anything that's impossible in crypto space anymore?.

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February 12, 2022, 10:22:11 AM
 #55

I don't believe it will happen again. The money he put in was a large amount to make the pump and hype it up. But now, investors learned their lesson and that's a good example of it. They cannot rely on simple hypes by a known billionaire whoever it is. It's more of manipulation rather than a value increase because of the project behind it.
So, it may never happen again and neither is $1. It would be healthier to lower the expectations and look for a new choice of investment.

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February 12, 2022, 10:32:38 AM
 #56

The answer is maybe yes or maybe not. There are lots of thing that will answer this whether doge coin may possible to go to the $1 this year. If bitcoin will be so stable like this time this year and no chance for doge coin to be worth $1 until the end of this year, The big cycle already passed and we are also entering into the another uncertainty when crypto didn't know its direction. So many things happened with stock market and crypto. It seems like the world is facing a big problem as more and more countries starting to be contradicted from one to the each other.
A lot of fear came from the possibility for the world war to happen soon. I doubt it'll reach $1



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February 12, 2022, 10:38:29 AM
 #57

I think it's too fast for dogecoin to $1. except this year there are signs of a bull run. so far there is no definite sign that the bull run market will exist this year. However, that $1 is not a hard thing for Dogecoin because of Elon Musk backup.
If I actually see it it becomes very difficult even though last year it was at a price of $0.7 in one unit of Dogecoin because for this year the conditions are starting to be different for Dogecoin and everyone's belief in Dogecoin has also started to be different, so things will not happen very easily this year.

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February 12, 2022, 10:38:40 AM
 #58

At the moment it's price is like €0.126.

If this 2022 year will continue to be bullish, it is still possible for dogecoin to grow 8 times in value, if tiktokers and other campaigns do their job. Without any help, it will be difficult to reach this price, though, as many other cryptoprojects go alive every day: the cake is bigger, but there are more and more players to the table.

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February 12, 2022, 11:44:38 AM
 #59

In terms of catalysts, there's probably none bigger than having the world's richest person in your corner. Tesla CEO Elon Musk owns only three cryptocurrencies. One of those happens to be Dogecoin. Musk is no stranger to promoting Dogecoin on social media platforms like Twitter, or posting obscure memes implying that Shiba Inu dogs are "going to the moon." what do you think about dogecoin?

Dogecoin has reached this value only because of Elon Musk. You can also say Dogecoin is the toy of a rich man who has fun controlling the price of an asset at will without probably owning Doge himself. He has never confirmed that he holds Dogecoins. If Elon ever loses interest in Doge, the price will drop permanently.
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February 12, 2022, 11:56:05 AM
 #60

When Dogecoin lounch, Dogecoin was a common cryptocurrency But over the trailing 14-month stretch, Dogecoin has rallied approximately 5,000%. And it was up considerably more when it hit its all-time high of nearly $0.74 per coin in May 2021.

With a veritable mountain of support behind Dogecoin, enthusiasts and holders believe it could hit $1 per token.

In terms of catalysts, there's probably none bigger than having the world's richest person in your corner. Tesla CEO Elon Musk owns only three cryptocurrencies. One of those happens to be Dogecoin. Musk is no stranger to promoting Dogecoin on social media platforms like Twitter, or posting obscure memes implying that Shiba Inu dogs are "going to the moon." what do you think about dogecoin?

Dogecoin to $1 is just wishful thinking....if you follow Elon's twitter account then you know Elon Musk has tried several more times to make the price of Dogecoin go up but until now his efforts have failed lol.  many people are smart enough nowadays, who prefer to buy Bitcoins instead of meme doge coins.

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