Can Dogecoin reach 1$ soon? - page 24.

tyz

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Quote from: tarable on March 30, 2021, 08:18:20 AM

Quote from: malikg18 on March 29, 2021, 11:10:11 PM

Before entry of Elon mask into Dogecoin it was quite difficult that Dogecoin can show such type of move .But now I think that any other Rumors can push its price to its new all time High.

Yes, Dogecoin can only move when there are outside rumors or influence from certain people in this world, because previously Dogecoin did not experience significant movements as seen earlier this year, even if there were only a few.

As already described, one factor that keeps the Dogecoin price rising is the hype and a figurehead like Elon Musk. However, one factor I haven't read here yet that argues for a further rising price is Dogecoin's high inflation. Currently it is around 5.3%, which is quite high and speaks against larger price increases in the future.

aryana42

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Quote from: gribalenfeksiyon on March 30, 2021, 08:28:59 PM

dogecoin could soon be $ 1. However, external factors such as Elon Musk have a huge impact on this, not its own project quality.

When will it be soon? because you said the timing is uncertain in this case, so you have to say it exactly so that everyone can know when this Dogecoin will hit the price of $ 1, because predictions on tokens like Dogecoin are very difficult to say for sure.

tarable

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Quote from: Unikon on March 30, 2021, 09:29:09 AM

It appears to be the most manipulative coin.
Dogecoin does not represent anything serious itself except for historical interest

Dogecoin has never been manipulative in the past, but for now people with vested interests are making games through Dogecoin, so some people think that Dogecoin is the most manipulative token, which is not the case.

jjdub7

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Quote from: finaleshot2016 on February 11, 2021, 07:06:01 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?

Personally, I don't think Dogecoin can make much progress and I don't think Doge can reach $ 1 any time soon. As you said, the price jumps were caused by tweets and interest of celebrities, but the coin has nothing else to offer.

Eventually, the price of the coin could be increased by more consumption, such as the Dallas Mavericks franchise, which accepts Dogecoin for its fan products from the fans.

mulia sabee

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Of course the price of Dogecoin would go down even further if there were no more support from the likes of Elon Musk and the support of other popular people. I think the soaring price of Dogecoin was due to the big investment made by Elon Musk.

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Quote from: Emitdama on March 30, 2021, 10:55:00 AM

Quote from: wiss19 on March 30, 2021, 07:59:56 AM

A lot of users had different ways of utilizing doge coins and that was the beauty of the coin because it never had too much value in past so one can easily take risks with big amounts of doge coins without actually losing too much in the experiment.

Doge coin was the only one in past which could be sent and received without much of fees been paid but now in the current market there are so many coins like TRX and XRP which can be sent at ever smaller fees and confirms even faster than dogecoin.

I appreciate the existence of dogecoins but I am not a big fan of what is happening in the doge market right now, shilling without reasoning. Still, I may buy more doges if it comes down below 90 satoshi for the target of 300 satoshi in next 4 years. I speculate about 1000 satoshi per one doge in long term; let's wait and watch.

It's true that now Dogecoin isn't the only one with cheap and fast transaction fees. Even now there are many coins that have cheaper and
faster transaction fees than Dogecoin. On the one hand, this is a good thing to make investors and traders have a large selection of coins
that have cheap and fast transaction fees. But on the other hand makes Dogecoin less desirable, if the current high demand for Dogecoin is
not because Dogecoin is better than other coins. However, because of the influence of Elon Musk, who made tweets about Dogecoin and made
his followers panic buying. I am not the same as you, because I still buy coins, even though the coins are often pumped for no apparent reason.
Because for me, as long as the coins can provide profit, why don't we take this opportunity.

gribalenfeksiyon

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dogecoin could soon be $ 1. However, external factors such as Elon Musk have a huge impact on this, not its own project quality.

Om.monata

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actually all coins have the potential, as long as they can have a good development. as an example doge, look at when elon musk was there for a while the doge's rise was very significant. it is only a matter of how a token has progress and when the time of the increase cannot be predicted.

Willitivity

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AFAIK dogecoin wasn't this popular until Elon Musk started his bullish tweets about it or should I say his fun tweet about it,infact dogecoin price was stuck at 28stas for a very long time that one time I used it as a stable coin Cheesy

, so if these high profile personnels stop supporting dogecoin, I don't think it's ever going to cross even 10cents, because you said it already it doesn't have any utility, it's just a meme coin to Elon Musk, also the supply is just too much, it would be hard even with help it has now.

awakpane

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In my opinion, Dogecoin has a hard time getting to $ 1. While Dogecoin's price has increased significantly over the last few months, this doesn't change the fact that Dogecoin has a high rate of fluctuation. however, the DOGE price increase was triggered when Elon Musk tweeted his tweet. Now that the DOGE coin price has decreased significantly it is possible that in the future Dogecoin will return to its original value. We'll see how it develops in the future

Emitdama

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Quote from: wiss19 on March 30, 2021, 07:59:56 AM

A lot of users had different ways of utilizing doge coins and that was the beauty of the coin because it never had too much value in past so one can easily take risks with big amounts of doge coins without actually losing too much in the experiment.

Doge coin was the only one in past which could be sent and received without much of fees been paid but now in the current market there are so many coins like TRX and XRP which can be sent at ever smaller fees and confirms even faster than dogecoin.

I appreciate the existence of dogecoins but I am not a big fan of what is happening in the doge market right now, shilling without reasoning. Still, I may buy more doges if it comes down below 90 satoshi for the target of 300 satoshi in next 4 years. I speculate about 1000 satoshi per one doge in long term; let's wait and watch.

Unikon

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Quote from: tarable on March 30, 2021, 08:18:20 AM

Quote from: malikg18 on March 29, 2021, 11:10:11 PM

Before entry of Elon mask into Dogecoin it was quite difficult that Dogecoin can show such type of move .But now I think that any other Rumors can push its price to its new all time High.

Yes, Dogecoin can only move when there are outside rumors or influence from certain people in this world, because previously Dogecoin did not experience significant movements as seen earlier this year, even if there were only a few.

It appears to be the most manipulative coin.
Dogecoin does not represent anything serious itself except for historical interest

tarable

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Quote from: malikg18 on March 29, 2021, 11:10:11 PM

Before entry of Elon mask into Dogecoin it was quite difficult that Dogecoin can show such type of move .But now I think that any other Rumors can push its price to its new all time High.

Yes, Dogecoin can only move when there are outside rumors or influence from certain people in this world, because previously Dogecoin did not experience significant movements as seen earlier this year, even if there were only a few.

wiss19

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Quote from: finaleshot2016 on February 11, 2021, 07:06:01 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?

A lot of users had different ways of utilizing doge coins and that was the beauty of the coin because it never had too much value in past so one can easily take risks with big amounts of doge coins without actually losing too much in the experiment.

I remember my first few purchases were from a website that was called weselldoges or something like that and they used to sell doge coins with PayPal and I was one of the very frequent buyers so they even raised by limit manually after some purchases. I also one of those believer who are all expecting dogecoin to test $1 levels in coming months or at least at coming years Wink

.

worldofcoins

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Quote from: Amejoaquim on March 28, 2021, 12:08:01 AM

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.

Exactly, The max it can go is 0.2 (I was overly optimistic when i put that number so don’t get your hopes up that it’ll for sure hit 0.2)

Second point to note is Doge has unlimited supply unlike BTC whose supply is limited which makes me wow at even the current price of Doge.

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TangentC

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Quote from: finaleshot2016 on February 11, 2021, 07:06:01 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?

It already has more utility and companies accepting it than bitcoin did when it was only 5 cents.

https://www.ibtimes.com/these-48-companies-accept-dogecoin-payment-3161086
https://www.financemagnates.com/cryptocurrency/news/latvian-airline-starts-accepting-payments-in-dogecoin-other-cryptos/
https://cryptwerk.com/pay-with/doge/

If you believe bitcoin is going to $1 million,
then Doge going to $1 should be an easy stretch of the imagination.

But as with all investments, the individual should decide for themselves.

Never forget in the past, many people said Bitcoin would never reach $1. Wink

This is my personal viewpoint, that doge will reach $10USD per coin, within 15 years.

malikg18

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Before entry of Elon mask into Dogecoin it was quite difficult that Dogecoin can show such type of move .But now I think that any other Rumors can push its price to its new all time High.

poodle63

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Quote from: btc-facebook on March 28, 2021, 07:14:46 PM

If we look at today's Dogecoin price of $0.05, then for $1 it won't be too difficult for Dogecoin as long as Elon Musk and his followers still support this meme coin, I will be a little pessimistic that Dogecoin will go to $1 if there is no support from Elon Musk, because Dogecoin is fundamentally not strong enough.
But who knows the future, this bull market is very different from 2017, maybe Dogecoin has other supporters besides elon musk and the price is pumped to $1.

Doubt that, reaching $1 gonna be extremely difficult since it's gonna need to multiply its current value 20 times atleast and even going up 100% of its current price already hard enough for doge coin even with elon's tweet, and yes elon's tweet could help but the money to pump dogecoin need to come from somewhere else, it's not as simple as elon tweeting and the coin gets pumped, the market of dogecoin also need capital or money flowing in to support the pump otherwise it's also won't hold for too long since people dumping coins if that price reached.

manul888

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Most of other coins are also overvalued these days, so there seems to be no reason why Dogecoin cannot reach 1$

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