🐞 Dogecoin Will hit $1?

[nikokovacic90]

I absolutely agree with your conclusion that Dogecoin's chances of hitting $1 are minimal. Dogecoin's excitement appears to be driven more by social media memes and celebrity endorsements than by any real-world use or value proposition. The distribution of the coin is also a source of worry, as a big portion is controlled by a tiny number of people, making it prone to manipulation. While Dogecoin did hit ATH a few years ago, it was fleeting and unsustainable. A meme-based cryptocurrency with no genuine purpose or innovation is difficult to envisage as having actual long-term worth.

quite a lot of people are expecting the price of dogecoin to reach $1 because the ATH is almost $1. however, I think the price of $1 for dogecoin is a very hard thing to come to terms with. however, the allocation of this coin alone is overwhelming. In fact, if the price of Dogecoin does reach $1, it may be due to the same manipulation as before and it won't last as long as Doge did reach ATH a few years ago.

[sulendra12]

Dump $doge ？

BTC= $100,000, when Doge =$1
BTC= 1 million, Doge= $10

Another thread of this topic?

Even when Doge was at its ATH in May 6, 2021 with the price $0.6528. It was just because of the hype of Elon Musk that could make that thing ever happened to the reality. I wouldn't surprise if Elon decides to not ever promote this Doge and promote another coin to create another hype train, I'd assume you have this kind of speculation because it was reached ATH before but if Elon didn't do it then this thread wouldn't ever exist in the first place.

[cozytrade]

If Elon Musk is involved, it will be very difficult to reach, of course, not impossible. A full coin flip has a half chance of this guess. Dogecoin has a standing army, just a spark can move a lot of people. A lot of my friends are dogecoin supporters and I know a few who keep it aside for $1. I'm not one of them, let me say that.

Elon Musk may have to get involved not only in making his tweets on Twitter, but he can also trigger an increase in the price of Doge on the exchange by setting aside a little money to buy and making the price go up. Because so far, if there is no such inducement, it will make it difficult for Doge to do price increases because there are no further developments that have attracted other investors to Doge.

I think those who are more addicted to meme coin will invest in Doge coin. Because Doge coin is a meme coin. But everyone is very hopeful about Doge coin thinking that the price of Doge coin may be close to 1$ one day but I  I think there is no possibility to go to 1$ in next 2 years. But if Bitcoin price goes to 60$k again then Doge coin price can go to 1$ few years.

[Sebas.tian]

I think, it will be difficult for Dogecoin to hit $1 in this season because the price is too low for their investors to expect such increase in the market. Since many altcoins price are preparing to increase higher for those that invested in them, so that they will have something good to achieve that will give them hope to expect more improvement from altcoins price. I don't think, Bitcoin price will reach $100,000 in this year because the price is still between $23,000 and $24,000, that showed that it will be difficult for the price of Bitcoin to touch $100,000 before the end of this year 2023.

[adaseb]

Dogecoin might of hit $1 if maybe it still wasn’t being mined. However you need to realize it’s still a POW coin. The miner revenue at $1 even if it was hit wasn’t sustainable. Last time I did the calculations it was something like $500,000,000 worth of miner sell pressure in a month. No way that’s possible long term.

Many assumed doge would even hit $5 or $10. And they over invested and are holding the bag. I think these people did it because they missed out on the Gamespot squeeze and wanted to find something to 100x their money.

[FanEagle]

Dogecoin might of hit $1 if maybe it still wasn’t being mined. However you need to realize it’s still a POW coin. The miner revenue at $1 even if it was hit wasn’t sustainable. Last time I did the calculations it was something like $500,000,000 worth of miner sell pressure in a month. No way that’s possible long term.

Many assumed doge would even hit $5 or $10. And they over invested and are holding the bag. I think these people did it because they missed out on the Gamespot squeeze and wanted to find something to 100x their money.

I think it would make it pretty difficult to mine with the difficulty rate going up, and I think with halving and all, that will drop as well. However that is not the main reason why it won't be a dollar, you could literally have more buyers and cover that difference from miners, that is not the issue at all.

The problem is that we are talking about something that is much more serious, which is the fact that doge is only about making fun of crypto and nothing more. It was created as a meme, and memes are not serious investment tools, you can dislike everything else as much as you want, but at least they act serious, doge hasn't even tried to be something legit ever.

[Silberman]

I think, it will be difficult for Dogecoin to hit $1 in this season because the price is too low for their investors to expect such increase in the market. Since many altcoins price are preparing to increase higher for those that invested in them, so that they will have something good to achieve that will give them hope to expect more improvement from altcoins price. I don't think, Bitcoin price will reach $100,000 in this year because the price is still between $23,000 and $24,000, that showed that it will be difficult for the price of Bitcoin to touch $100,000 before the end of this year 2023.

Another important factor which could make this a very difficult goal to reach for dogecoin is that now it has some competition in Shiba Inu, and the capital we could have expected to be used by the supporters of meme coins now will be diluted even further, and if to this we include the hundreds of meme coins which will be released during the next bull run and how a few of them will become successful, then this will decrease the amount of money available for dogecoin to grow and reach the goal of the OP of one dollar for each dogecoin.

[Woodie]

Dump $doge ？

BTC= $100,000, when Doge =$1
BTC= 1 million, Doge= $10

The numbers pretty much fit in well

If I recall before the crypto crush happened at the end of Q4 2021 when bitcoin was flying high and Elon Musk was singing the dogecoin song and using his tesla company to hype the memecoin , dogecoin did actually get close to the dollar, if I remember it should have gotten to about 70 cents there about and if bitcoin can get to a 100k then all these coins will ride the success of btc that's for sure.

[blockman]

I think, it will be difficult for Dogecoin to hit $1 in this season because the price is too low for their investors to expect such increase in the market. Since many altcoins price are preparing to increase higher for those that invested in them, so that they will have something good to achieve that will give them hope to expect more improvement from altcoins price.

Not only that it's difficult but it's highly unlikely that Dogecoin will reach that high. Having that said, the market if ever it goes on bull run again, most of the altcoins won't be back to the top that they've been with before.

I don't think, Bitcoin price will reach $100,000 in this year because the price is still between $23,000 and $24,000, that showed that it will be difficult for the price of Bitcoin to touch $100,000 before the end of this year 2023.

Let's just forget about that because even in the great year of 2021 which was the bull run, bitcoin was expected to reach that $100k but it didn't happen and so it won't be on this current market situation.

[rosefan]

Doge coin's potential and future is highly speculative, as its value largely depends on its popularity among retail investors and influencers. While it has gained significant attention and support from some well-known figures, its long-term sustainability and adoption as a viable payment method remain uncertain.

[Silberman]

Doge coin's potential and future is highly speculative, as its value largely depends on its popularity among retail investors and influencers. While it has gained significant attention and support from some well-known figures, its long-term sustainability and adoption as a viable payment method remain uncertain.

And it is highly probable that this is going to remain the case for dogecoin, dogecoin has some utility as a form of money but at the same time most of its value is not derived from its fundamentals but by pure hype, and as long as this hype exists its value will be high, however the source of its value is not reliable, if at some point another coin appears which captures the imagination of the people then the hype for dogecoin could decrease to the point it never recovers, and all of those still holding a lot of dogecoin could become nothing but bagholders.

[crzy]

Dump $doge ？

BTC= $100,000, when Doge =$1
BTC= 1 million, Doge= $10

I see Bitcoin to achieve that price level but with DOGE, I’m on a bit doubt on this though I’m still open for any possibility. I’ll just hold a few millions for DOGE just in case it reach that level, there’s nothing wrong to hold DOGE but better not to expect that much because maybe, this is just part of a hype from the whales.

[Xampeuu]

Doge coin's potential and future is highly speculative, as its value largely depends on its popularity among retail investors and influencers. While it has gained significant attention and support from some well-known figures, its long-term sustainability and adoption as a viable payment method remain uncertain.

And it is highly probable that this is going to remain the case for dogecoin, dogecoin has some utility as a form of money but at the same time most of its value is not derived from its fundamentals but by pure hype, and as long as this hype exists its value will be high, however the source of its value is not reliable, if at some point another coin appears which captures the imagination of the people then the hype for dogecoin could decrease to the point it never recovers, and all of those still holding a lot of dogecoin could become nothing but bagholders.

influencers and momentary investors who can increase the price of doge. but this is indeed very speculative, considering that many of the coins in this condition cannot recover. Moreover, the skyrocketing Doge was previously caused by the influence of Elon Musk, which influenced many people to buy it and in the end, until now many holders are frustrated due to the deteriorating market. moreover bitcoin has not shown positive sentiment, of course it is difficult for its steps to skyrocket

[cafee_orange]

Dogecoin is a memecoin that must be considered, apart from having large holders or a large community, Dogecoin also has an investor who is the richest person in the world, namely Elon Musk. I think Doge Coin will be volatile again and will reach the price you mentioned if Elon Musk returns to post interesting news about Dogecoin.

[ichsan ardi]

Dump $doge ？

BTC= $100,000, when Doge =$1
BTC= 1 million, Doge= $10

I think Doge will break 1$, moreover, Doge is in great demand by many people, what's more, Elon Musk, who is called Doge's father, and soon there will be a Bitcoin halving where mining rewards are cut in half from usual, this will affect coin memes like Doge, Shiba and others. Maybe just for doge it will go up to 1$ or more TO THE MOON.

[bittraffic]

People who are new to crypto and are late in investing BTC will look for other investments apart from BTC and Doge due to its cheap price is a good alternative.

Doge is the most searched according to google data so there must be a lot of people going for it since the time it shoots to the moon. And it could happen again in time because the last time it hit $0.75, it will go to $1 when the bull run come.

[bitkanu]

I don't believe that coin that is already gaining massive increase in value could further increase its value just like doge, it's already good enough that doge has reached current value but I don't think such increase will goes on forever.
eventually doge will stuck and I think doge this time around will just stuck with current valuation.

[yohananaomi]

Dump $doge ？

BTC= $100,000, when Doge =$1
BTC= 1 million, Doge= $10

I think Doge will break 1$, moreover, Doge is in great demand by many people, what's more, Elon Musk, who is called Doge's father, and soon there will be a Bitcoin halving where mining rewards are cut in half from usual, this will affect coin memes like Doge, Shiba and others. Maybe just for doge it will go up to 1$ or more TO THE MOON.

agree, remember doge's last ATH was in May 2021 which was earlier than the ATH of other coins. but with the achievement at $ 0.73, it is clear that in order to reach $ 1 in the upcoming halving, Doge will certainly be able to get it easily.
what is feared in 2023, will there still be many who can survive for memecoin, the market situation will not improve and will continue to be haunted by the world economic crisis.
if it goes well then there will be surprises that can happen and of course it is very much anticipated, but always analyze first if you want to buy memecoin now like doge.

[fullhdpixel]

if it goes well then there will be surprises that can happen and of course it is very much anticipated, but always analyze first if you want to buy memecoin now like doge.

Bitcoin is way above 22k right now, and doge is not 1 dollars, that is answer enough? I mean bitcoin at 100k equals to doge 1 dollar maybe? That could be what OP wanted to say? Because, we are 20k+ and doge is nowhere even near to a dollar, so it can't be 10k what OP meant, probably 100k and that is why I think it is quite important to know the difference.

Even at 100k per bitcoin, we may not see 1 dollar for doge because it was a big hype that saw it go up, and we will probably not going to see it again anytime soon, it will be quite different.

[mulia sabee]

dogecoin will reach $ 1 it is just a fantasy in my opinion. dogecoin which is a meme token is going through a period of great decline in value, dogecoin has ended its heyday and is no longer backed by the great investors it was before. I think dogecoin will return to its base price