Too good to be true if Dogecoin can reach $1 someday. But hopefully it will be happen
although 3 - 5 years later. This is my first coin when I know about crypto. My friends always use Dogecoin to make transfer between exchanges, they said fast and low fee of course. The best time for invest doge is right now, still cheap.
Personally, $1 is un-reachable target for Dogecoin.
With its extremely high inflation rate and current high circulating supply, I strongly believe that Dogecoin will never hit $1.
XRP has about the same supply, and it's much shittier than Dogecoin, and yet it still went over a $1, so there's no reason why Dogecoin can't do the same.
The high circulating supply doesn't matter since the amount of times you slice a pizza doesn't change its value, I'm not sure why people keep mentioning this as an argument.
What matters more is the market cap, and perhaps $115B that is needed for Doge to be at $1 may seem to be a bit much. If there are developments in the dogeconomy that make it as useful as Ethereum then perhaps it can do that, or with consistently increasing usage over the years. Otherwise 1-10 cents may be a bit more reasonable for now.
