Can Dogecoin reach 1$ soon? - page 14.

dre1982

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Quote from: BitTraderCute on May 06, 2021, 05:37:39 PM

Quote from: adekogbe on May 06, 2021, 05:28:11 PM

Dogecoin has pumped from its price of around $0.05 to $0.6 in less than 2 months period. If it can make this type of move organically, i see no reason why the price of dogecoin cannot reach $1 soon. As long as the bull run is still on, dogecoin can reach $1 or more.
Also the effects of the community has also played a big role and the Elon Musk tweets too

new investors buying doge coin rigth , most of them attracted with elon musk's tweet and starting buying doge. in my opinion there are alot fresh money from come from the person who make their first investment in crypto market. we will see after the date elon musk speak in saturday night lounge , doge will continue climbing or maybe dumped.

Investing in DOGE right now isn't a smart move I think. It's just to risky at the moment. Of course it can rise some more but everyone knows it can't stand this high for a long time.

Sithara007

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Quote from: Spanopohlo on May 06, 2021, 10:59:53 PM

The pumping is already underway so needless to say if Elon Musk stop promoting and done with its tweet, it will still increase its value close enough to 1$. And we can't help to think how volatile these values can be, it may be reaching its peak right now and tomorrow it might be descending. But, due to the influence of the Big Guys, it has a great chance that it will gain fame and value in the next few months.

Elon Musk played his part, but a number of whales are also involved in price manipulation of Dogecoin. I am involved in cryptocurrency sector for 7 years now. Previously I have seen pump-and-dump schemes involving various smaller tokens and coins, but this is the first time that I am witnessing something like this happening on such a huge scale. Anyway, the end results are all but certain. Eventually this shitcoin will lose 99% of its value, and those who invested in it during the pump phase will lose all their hard earned money.

Teknisi88

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Dogecoin prices have increased significantly over the past few months, this does not change the fact that the token bearing the dog Shiba Inu has a high level of fluctuations. While most of the altcoin capitalized small market moves quite fluctuating, Dogecoin is one of the most fluctuating tokens.
At the highest level of all time in January 2018, the Doge price reached $ 0.018773. That's when every other cryptocurrency soared and Bitcoin (BTC), almost touched a price of $ 20,000.
So, reaching $ 1 is something that is impossible. Doge evolved from tokens tips to products with more use cases, the possibility of a significant price surge will stay thin. Although for multiples of two or three times, it still allows it well.

Spanopohlo

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The pumping is already underway so needless to say if Elon Musk stop promoting and done with its tweet, it will still increase its value close enough to 1$. And we can't help to think how volatile these values can be, it may be reaching its peak right now and tomorrow it might be descending. But, due to the influence of the Big Guys, it has a great chance that it will gain fame and value in the next few months.

dunfida

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Quote from: BitTraderCute on May 06, 2021, 05:37:39 PM

Quote from: adekogbe on May 06, 2021, 05:28:11 PM

Dogecoin has pumped from its price of around $0.05 to $0.6 in less than 2 months period. If it can make this type of move organically, i see no reason why the price of dogecoin cannot reach $1 soon. As long as the bull run is still on, dogecoin can reach $1 or more.
Also the effects of the community has also played a big role and the Elon Musk tweets too

new investors buying doge coin rigth , most of them attracted with elon musk's tweet and starting buying doge. in my opinion there are alot fresh money from come from the person who make their first investment in crypto market. we will see after the date elon musk speak in saturday night lounge , doge will continue climbing or maybe dumped.

those followers and supporters of Musk are bringing new investment to this coin, believing that Musk will continue to pump this coin, they are
in hope that they'll be able to earn their desire profits.
Very hard to assess as it's only Musk who can provide what would be the next big thing for Doge, possible that it will jump for more or some
huge correction might happen, currently down by 10%.

Feel sorry for those who had been caught on the peak and this is the common situation for those who let themselves fall into the hype.DOGe is overvalued and its a bit obvious
but due to hype then its common that people will really be dealing with it and accumulate while they do believe that there might be more pump soon as Elon get engage into the market.
$1 is too far off but we are halfway there but doesnt mean reaching that target is something could happen in a short time.

BitTraderCute

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Quote from: adekogbe on May 06, 2021, 05:28:11 PM

Dogecoin has pumped from its price of around $0.05 to $0.6 in less than 2 months period. If it can make this type of move organically, i see no reason why the price of dogecoin cannot reach $1 soon. As long as the bull run is still on, dogecoin can reach $1 or more.
Also the effects of the community has also played a big role and the Elon Musk tweets too

new investors buying doge coin rigth , most of them attracted with elon musk's tweet and starting buying doge. in my opinion there are alot fresh money from come from the person who make their first investment in crypto market. we will see after the date elon musk speak in saturday night lounge , doge will continue climbing or maybe dumped.

adekogbe

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Dogecoin has pumped from its price of around $0.05 to $0.6 in less than 2 months period. If it can make this type of move organically, i see no reason why the price of dogecoin cannot reach $1 soon. As long as the bull run is still on, dogecoin can reach $1 or more.
Also the effects of the community has also played a big role and the Elon Musk tweets too

Almasani

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Quote from: finaleshot2016 on February 11, 2021, 06:06:01 AM

The dogecoin has already pumped up twice with the help of popular persons like Elon Musk, now that many people are trying to invest in Dogecoin, expecting to have another madness on doge. So what if, Elon Musk and other popular experts stopped supporting this meme coin, is there are a possibility that Dogecoin reaches 1$ on its own?

Well, like what I've said, this is just a meme coin, no utility, no usage but what do you think will be the realistic value of Dogecoin for the upcoming years?

I think Dogecoin will be raised to $ 1, and this is to set a new record. If Doge is at $ 1, then BNB's 3rd position will now be shifted by Doge, or BNB will have to raise the price to $ 1k to maintain its position.

prosperoustop

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Dogecoin is now very popular, even the price of Dogecoin is now at $ 0.60 so it is possible if the Doge price will touch 1 $ later, the reason why the Dogecoin price is so high is of course because of Elon musk, making people flock to buy Dogecoin. , even though they don't know what Dogecoin is for

Such big price we see because it depends from Elon Musk tweets, I dont think that Dogecoin will reach 1$, also I think it very dangerous to invest in it

Pamadar

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Quote from: Gayong88 on May 06, 2021, 02:11:51 AM

An attractive doge token with a fantastic supply and reaching $ 1 is possible, this is due to the support of Tesla CEO Elon Musk and the strong doge community/users. Moreover, on May 8 there will be a moment the tweet of Elon Musk https://twitter.com/elonmusk/status/1387290679794089986

How big might be it? no one knows but it's all about anticipating and how good you are in riding with the current trend.

Carefully analyze and always have a good back up plans, set your goals accordingly and never to be beaten by greed inside you, the chance
is great but if you fail controlling yourself the chance of being trap and stuck with your investment is very high,
Bad side, losing money by miscalculating your target and emotionally follow your fear., Be ready as to adjust calmly decide for your next target.

tygeade

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Dogecoin is now very popular, even the price of Dogecoin is now at $ 0.60 so it is possible if the Doge price will touch 1 $ later, the reason why the Dogecoin price is so high is of course because of Elon musk, making people flock to buy Dogecoin. , even though they don't know what Dogecoin is for

You are right; it seems no one is looking for the fundamental of dogecoins; all of them are just searching for short term benefits which must be the reason dogecoin got more than 800% growth in less than 2 months of time. I am foreseeing it will continue beyond $1 as well because there cannot be any reason for Elon Musk to stop in near future; it seems he is planning to make dogecoins too bigger in a manner it will be directly competing against bitcoin in terms of second highest marketcap.

I speculate dogecoin may hit $5 to $10 in coming months but anything may happen hence investing only affordable money into gogecoin as of now is important at the same time, a dogecoin investor must plan for long term holding as well.

Gayong88

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An attractive doge token with a fantastic supply and reaching $ 1 is possible, this is due to the support of Tesla CEO Elon Musk and the strong doge community/users. Moreover, on May 8 there will be a moment the tweet of Elon Musk https://twitter.com/elonmusk/status/1387290679794089986

Zilon

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News plays a major role in the value of any commodity. Doge coin like other asset might get to $1 with the level of investment it has received lately from Elon Musk and other top investors causing the market capitalization and volatility higher than it's previous high.

Although Doge is barely a meme coin but has lots of investors it would certainly break up to 1$ since it's not a stable coin and has such is bound to experience a change in price

clint25n

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Many trader and investor not believe what happen with doge coin right now because price success break to higher price, I believe doge coin can raise more than $1 and keep positive news giving by Elon Musk every day. Maybe need few days to see Doge coin break above $1 and believe most important think with Doge coin become the best coin.

electronicash

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Quote from: dre1982 on May 06, 2021, 01:18:54 AM

Quote from: pixie85 on May 05, 2021, 04:18:52 PM

Bitcoin's crash will mean doge's crash, but doge's crash won't mean bitcoin's crash. Think about it.

Thats 100% true. Just use DOGE nowadays for daytrading but I wouldn't use it for longterm investment. If this bubble pops, it will be huge.

but before that we shall see doge to $1.
this is really not going to surprise those who believed the dogefather to bring doge to the moon. $0.60 wasn't in the mind of its holder when the price was just $0.05 a few weeks ago. they were still betting on dice using doge but now it's becoming a serious crypto asset for investment.

dre1982

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Quote from: pixie85 on May 05, 2021, 04:18:52 PM

Bitcoin's crash will mean doge's crash, but doge's crash won't mean bitcoin's crash. Think about it.

Thats 100% true. Just use DOGE nowadays for daytrading but I wouldn't use it for longterm investment. If this bubble pops, it will be huge.

Sithara007

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Quote from: Falconer on May 05, 2021, 02:52:28 PM

I think this doge rate hike is due to the contribution of hype from popular people like elon musk, doge will very easily hit $1 this month but I am worried that if elon musk is no longer present making the tweet sensation about doge then the trade may not be volatile at that time.

A cryptocurrency can't go up for an indefinite period of time just because of hype. And it is not just Elon Musk who has promoted the Dogecoin. A few other celebrities have also caused spikes in the past - examples are Snoop Dogg, Kevin Jonas, Gene Simmons and Mark Cuban. And the latest spike is believed to be resulting from the tweet by Guy Fieri (celebrity chef). The issue here is that unlike the case with Elon, many of the other celebrities seems to be profiting from the Doge pump.

finaleshot2016

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Quote from: MinoRaiola on May 05, 2021, 02:42:15 PM

KFC Canada Says It Now Accepts Dogecoin

Sources and discussions:
https://u.today/kfc-canada-says-it-now-accepts-dogecoin
https://www.reddit.com/r/dogecoin/comments/n5lvfo/kfc_canada_accepting_doge/

For a limited period of time, KFC is selling a bucket of fried chicken for $20 presented in a bitcoin-themed container demonstrating the price of the fried chicken bucket at the time of the sale.
https://www.newsbtc.com/news/bitcoin/kfc-canada-started-accept-bitcoin-cryptocurrency-themed-fried-chicken/

So Dogecoin is becoming a utility coin right now!
The transition of meme coin to utility coin is pretty quick, thanks to Elon!

Actually, that's not the only one who accepts dogecoin right now, even a pc hardware shop Newegg accepts Doge right now.

and.. Travala

So now it's likely that we'll hit $1; many people didn't believe it at first, but utility coin is now a big boost for Doge to reach the top four most valuable market capitalization.

pixie85

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Quote from: Noruka on May 05, 2021, 11:26:15 AM

Quote from: oemar bakrie on May 04, 2021, 06:00:17 AM

the doge coin factor can penetrate up to $ 1 because the popularity of this token is very high, and that all makes the possibility that Doge will be pumped to the highest point ..
but the name is crypto we will not know exactly when it goes up and when it goes down..

Whatever the Dogecoin factor is, it is valuable. Dogecoin turns out to be a great investment, but I can't mediate any truth about it. Invest your money wisely.

It's a great thing to trade. I wouldn't call it a great investment because its pump was unexpected and unwarranted.

This coin slept for many years just to be awakened by Musk which is such a random event that you can't rely on it and doge is not something you should be putting your money in for long term profits or even store of value. It's the very definition of a bubble as it's a coin that isn't used for anything but speculation and it as all altcoins do depends on Bitcoin.

Bitcoin's crash will mean doge's crash, but doge's crash won't mean bitcoin's crash. Think about it.

Dexion

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Quote from: oscarftw on May 05, 2021, 02:07:54 PM

Strongly, I advise everyone to stay away from Dogecoin, especially those people who can't afford to lose money. I haven't found anything interesting as price now since I'm here. Now I should mention that Dogecoin is a simple coin without Elon musk. Dogecoin prices should be similar to the last bullran, but now almost 1 USD. As 2018, now we have another person to create some hype.

The influence of Elon Musk on the development of Dogecoin is very pronounced, every time Elon makes a sensation whether through a purchase or a tweet he makes, is able to cause an increase in Dogecoin, the most visible risk is that if Elon Musk decides to stop at Doge it will make Doge sink, and hopefully it won't occur.

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