Can Dogecoin reach 1$ soon? - page 32.

lixer

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Quote from: Renampun on February 15, 2021, 01:04:10 PM

here I am giving the assumption 50:50...
maybe when the mass adoption of cryptocurrencies occurs we will be able to see this moment. $ 1 is 12x the current price and nothing is impossible but the transaction fee is sure to be big too following the doge price. *Elon = true doge pumper

Well, yeah Musk is pumping it no doubt but I don't think he can actually pump it enough for doge coin to reach $1 and this is because the cost of dogecoin if I am not wrong a few months ago was like $0.005 and even the richest man on earth alone drag the worth of a coin to 200x alone. I mean if there were others who were helping him and there was a group of investors maybe doge coin would or could have reached $1 but alone him cannot really pump it towards $1.

If it still reaches 1 dollar that would be a worrying sign though because it shows us that even a single guy, although the richest one, is able to control and manipulate the crypto market alone.

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here I am giving the assumption 50:50...
maybe when the mass adoption of cryptocurrencies occurs we will be able to see this moment. $ 1 is 12x the current price and nothing is impossible but the transaction fee is sure to be big too following the doge price. *Elon = true doge pumper

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legendary

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Quote from: SaShiRaJaVu on February 15, 2021, 08:43:47 AM

It depends upon individual investors who jump into the coin to ride the rally and if the support is broken they will sell off the coins and jump to other coins as there are several other coins in the market that are rallying as well and probably they will not hold for the long term. If it is institutional investor then he might hold for the long term until the price rallies again but not everyone in this market will hold when the entire market is rallying.

Naturally, trader and investor want a return on every asset they invest. Doge got the full attention of investor and trader only after Elon Musk got involved and these guys have taken a lot of profit from it. I'm still not sure Doge can hit the $1 mark this year even though Elon Musk has always supported him. However I believe that Hype Doge and Elon Musk will not last much longer.

mezzaluna

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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?

With the current trend of support and more and more people with influence getting into the Cryptocurrency Industry, there is really nothing impossible with DogeCoin reaching $1 BUT if you are asking if it would grow on its own, it would be not possible since it has no clear use at the moment but developers and new users are always looking for ways further improve it. Its already at a weird value but nothing can stop it if it keeps on rising especially Elon leading the way into a greater value for it.

ije07

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Quote from: Furious 7 on February 15, 2021, 09:16:05 AM

Elon Musk supports for big doge investors to sell him, what happened to him did Elon just want to buy doge from the bottom?
This is a pattern that is quite paying attention to because where for them it will be a shock for holders who panic to see a tweet like this obviously this is very influential the highest price has been reached but I don't know what Elon Musk's next goal is, is he ready with his new tweet to buy coins this meme?
I'm sure some investors should rely on Elon Musk's tweets, which are a lot of controversy.

With this news there will be concerns for Doge coin holders themselves, especially for those who buy because of hype or buy when the price is high. Besides that, after seeing the DOGE price movement chart, it is currently undergoing a downward correction. and you seem right, the current DOGE holder will depend on the man. This is just my personal perception, that I also doubt a little if DOGE can stabilize again to the ATH price again, maybe the chance is small, but I hope I am wrong about this.

Furious 7

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Elon Musk supports for big doge investors to sell him, what happened to him did Elon just want to buy doge from the bottom?
This is a pattern that is quite paying attention to because where for them it will be a shock for holders who panic to see a tweet like this obviously this is very influential the highest price has been reached but I don't know what Elon Musk's next goal is, is he ready with his new tweet to buy coins this meme?
I'm sure some investors should rely on Elon Musk's tweets, which are a lot of controversy.

SaShiRaJaVu

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Quote from: BITCOIN4X on February 15, 2021, 06:54:00 AM

Today anyone who buy or invest in Doge when the price hit a high start to hesitate to sell or hold this altcoin. Even though Elon Musk with this latest tweet support Doge but I don't think it will be influential enough. In fact, the decline has reached 12% in the last 24 hours. What will you do when this support level break and the price continues to dump ? Is Elon Musk going to buy them all ?

It depends upon individual investors who jump into the coin to ride the rally and if the support is broken they will sell off the coins and jump to other coins as there are several other coins in the market that are rallying as well and probably they will not hold for the long term. If it is institutional investor then he might hold for the long term until the price rallies again but not everyone in this market will hold when the entire market is rallying.

nurilham

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Might be achieved $ 1 if dogecoin continues to exist in the crypto world news when besides elon musk participated. If some business entrepreneurs became interested in coin investments dogecoin, then it affects prices and soaring but all this requires a rather long process for successful price increases dogecoin. As a lover of crypto, from this moment is our opportunity to buy dogecoin, in order to wait later into a coin that produces results.

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legendary

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Today anyone who buy or invest in Doge when the price hit a high start to hesitate to sell or hold this altcoin. Even though Elon Musk with this latest tweet support Doge but I don't think it will be influential enough. In fact, the decline has reached 12% in the last 24 hours. What will you do when this support level break and the price continues to dump ? Is Elon Musk going to buy them all ?

Snappycoco

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Unless it has its purpose, it wont go that far. Unless Elon Musk integrates DOGE in his companies transactions, 1$ is quite impossible. You have said it yourself, no utility, no usage, no price u to $1. Its just a hype I guess.

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Quote from: Ziskinberg on February 15, 2021, 06:20:05 AM

Quote from: blue_nexus15 on February 15, 2021, 05:52:26 AM

In my opinion, no! Having ruled out fomo from Elon Musk, I couldn't imagine a meme coin could have created such a rally of value and impulsiveness. This is accidental, I suppose, and cannot be sustained. Although, Elon always has ideas and often changes suddenly, but Doge is an ingredient that creates the spice and emotions of this space.

Definitely, you said it right mate, Elon Musk started this FOMO for DOGE which later affected other altcoins, so if it will dump, it should not surprise us, unless we are blinded by the reality that the significant price increase was mostly due to price manipulation only.

Elon Musk tweeted again on his Twitter that holding a token that sells will be supported by him? is this really fomo they do?
So I think this meme coin is affecting other altcoins but I don't think the big dump will happen but it will last for the big holders.
We will see how the reaction of the tweet will affect it once?

franciscoDC

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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?

I think it can reach the price of 1$ without elon musk but no one can predict when it will be ,i could say this because the price of doge have endurancy and the market of it are also base on bitcoin so when the demands got hight the price of it will increase too just we need to wait the other futures of this project.

Ziskinberg

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Quote from: blue_nexus15 on February 15, 2021, 05:52:26 AM

In my opinion, no! Having ruled out fomo from Elon Musk, I couldn't imagine a meme coin could have created such a rally of value and impulsiveness. This is accidental, I suppose, and cannot be sustained. Although, Elon always has ideas and often changes suddenly, but Doge is an ingredient that creates the spice and emotions of this space.

Definitely, you said it right mate, Elon Musk started this FOMO for DOGE which later affected other altcoins, so if it will dump, it should not surprise us, unless we are blinded by the reality that the significant price increase was mostly due to price manipulation only.

blue_nexus15

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In my opinion, no! Having ruled out fomo from Elon Musk, I couldn't imagine a meme coin could have created such a rally of value and impulsiveness. This is accidental, I suppose, and cannot be sustained. Although, Elon always has ideas and often changes suddenly, but Doge is an ingredient that creates the spice and emotions of this space.

kesmex

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Quote from: cafee_orange on February 15, 2021, 03:21:30 AM

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 is possible for the price of DogeCoin to reach $ 1, because I have always noticed that Dogecoin and Bitcoin are in line, where when the Bitcoin price starts to soar high, Dogecoin also goes up. That's why I am very confident that the Dogecoin price will break through $ 1.

I think the price of Dogecoin went up due to the influence of Elon Musk's tweet,
and we cannot make a benchmark that if the price of bitcoin goes up then the price of Dogecoin also goes up,
whether Dogecoin will break through $ 1 I don't know either,
to make it clearer let's just look at the price development

VanDeinsberg12

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Quote from: akar87 on February 14, 2021, 07:25:56 AM

Why not just wait Elon Musk tweet doge coin could raise 1000% again, before Doge coin tweet by Elon price still under 0.006 and now Doge coin have raise to higher price above 0.066 and become more profitable for every one have buy Doge coin now, waiting next time tweet by elon Musk doge coin will back above 0.1$ and more surprises maybe doge coin can hit above $1.

Problem that doge faces to reach that high price is its total supply, the supply is just simply too much in the market that the money needed or required to pump it to that price gonna be very huge.
At current doge state it's really hard unless some portion of coin is burned but that's not gonna happen trust me.

cafee_orange

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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 is possible for the price of DogeCoin to reach $ 1, because I have always noticed that Dogecoin and Bitcoin are in line, where when the Bitcoin price starts to soar high, Dogecoin also goes up. That's why I am very confident that the Dogecoin price will break through $ 1.

dre1982

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Looks like Elon supporting this dump: 'If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.'

https://twitter.com/elonmusk/status/1361094185412100096

I think when it goes below 100sat it will go even harder.

kawetsriyanto

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

is there are a possibility that Dogecoin reaches 1$ on its own?

Basically, we cannot say NO about it. There should be always a chance but it is probably hard to happen without help from Elon Musk. Cheesy

If there are no tweets to support Dogecoin anymore, I suspect the price of this coin to drop continuously. So, don't expect too much even if the chance is always there. If you want to have more convincing crypto assets, why don't holding trusted coins such as ETH, BNB, TRX, or DOT?

Lanatsa

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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?

Nope, it wont able to reach $1 anytime soon spite of all the hypes that circulating around Doge.

Currently, it is priced $0.06174 and now moving sideways or on downward trend but lets see if there would be an another plan to make this meme coin pump.

For those investors out there or do tend to buy Doge then If I were you then always take precaution and do mind about risk factors before proceeding.

Its better to take out measures rather than making yourself get caught with the hype and would be ending up on holding like forever.

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