Can Dogecoin reach 1$ soon? - page 6.

btc78

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Quote from: dongyi17 on May 24, 2021, 11:43:48 AM

all things is possible in crypto, maybe this year can reach 1$ or maybe not, it defend how dogecoin pump and people support this coin. Meme's dogecoin influence many investor thats why dogecoin pump again now.

But not too soon as what OP is asking right? Dogecoin has just starting to recover now gaining 3% in the last 24 hours from another 13% loss in the 7 days period. yeah Dogecoin is really one of the promising coins now like reaching more than ATH multiple times but not for the bearish market like now.
so lets see what happened in the next 2 quarters more.

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Not easy for Doge coin back to $1 because many people have thousand and billion assets there, when Elon Musk make new tweet thousand hundred investor waiting for to sell Doge coin. I think not will be forever Elon Musk tweet get impact with Doge coin because many other person have make like Elon musk just few while and later their tweet nothing any effect anymore.

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Quote from: Marvelman on May 22, 2021, 07:35:36 AM

Quote from: Noruka on May 19, 2021, 06:19:15 AM

Quote from: Marvelman on May 19, 2021, 05:42:58 AM

My point is doge's hype is beginning to dissipate. When will doge actually bottom out? Only time will tell.
Bitcoin's dominance has also been on the decline. Not to say doge is worthless, but the comparison shows the currency is nothing more than a fun diversion and nothing more.

Although, it has been nothing but a roller coaster ride. I have seen doge go from, "I got this stupid shit" to "this shit is real" faster than you can say, "Holy sh**, this has never happened before."

Dissipate sounds like it is over, but I don't see Doge coming to an end. It might go into a downtrend right now, but there are chances that Doge goes up again a lot in the future. Do we all like that? No, but it can happen especially if someone like Musk decides to make it happen.

This sounds like too much trust is being placed in one individual. I don't like that idea.
This is in violation of the principles of decentralized currency.

In essence you are right, but Ethereum has also been closely attached to Vitalik Buterin. What would happen if Buterin announces he will take a step back and exit cryptocurrencies and in particular Ethereum? It could happen that it drops significantly. Human beings like leaders and Musk is a leader as it seems.

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Quote from: Vaskiy on May 24, 2021, 12:21:51 PM

Quote from: Karartma1 on May 24, 2021, 08:11:27 AM

In any case, to see Doge reaching the infamous $1 price it would require a Bitcoin over $100K minimum where reaching the dollar parity for Doge would be only possible because of the super high price of bitcoin.
I don't see any other scenario where that's even conceivable.

Even with the price of Bitcoin around $60k there is more chance of dogecoin reaching $1. In no time just with few tweets the dogecoin market is manipulated. So, if the market have gained support around its ath value now dogecoin could've crossed $1.

I think doge coin is not really care what happen and price with bitcoin, always up when bitcoin down and down when bitcoin up, I see many time bitcoin going down but doge coin always up depend how many time elon musk make tweet about doge coin. But when bitcoin dump last week doge coin keep going down and never take place with higher price.

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Quote from: Karartma1 on May 24, 2021, 08:11:27 AM

In any case, to see Doge reaching the infamous $1 price it would require a Bitcoin over $100K minimum where reaching the dollar parity for Doge would be only possible because of the super high price of bitcoin.
I don't see any other scenario where that's even conceivable.

Even with the price of Bitcoin around $60k there is more chance of dogecoin reaching $1. In no time just with few tweets the dogecoin market is manipulated. So, if the market have gained support around its ath value now dogecoin could've crossed $1.

dongyi17

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all things is possible in crypto, maybe this year can reach 1$ or maybe not, it defend how dogecoin pump and people support this coin. Meme's dogecoin influence many investor thats why dogecoin pump again now.

Golftech

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Quote from: ?? on ??

Someone can tell me what the creators of the doggie do in general. I can, of course, google and collect some information, but in the end, they are engaged in a project or is it just an effect from the media personality of Elon Musk.

More on Musk participation personally speaking, as the hypes happened after He(Musk) declared his support publicly

and those who are watching and following him take place and take part, the after effects is a huge pumped and now

it's currently holding @ $.3+, hard to tell if what will happened in the next following weeks or months, it's more on

the holders side to decide whether to stay positive or if it's time to let go and find another project to support.

Karartma1

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In any case, to see Doge reaching the infamous $1 price it would require a Bitcoin over $100K minimum where reaching the dollar parity for Doge would be only possible because of the super high price of bitcoin.
I don't see any other scenario where that's even conceivable.

Ziskinberg

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Quote from: kotajikikox on May 24, 2021, 03:00:23 AM

Quote

Btw Elon Musk does not own Tesla inc by himself. He is a CEO and a co-founded, and only 21% of Tesla belongs to him.

yup this is how funny many comments has here, they tend to inform people that Elon owns Tesla when the truth is he is just one of the bosses.

21% is a huge share of a business, yes, he doesn't own it solely but as a CEO he can make a decision and the decision of Tesla suspending the acceptance of bitcoin is his decision as well, don't get fooled, Elon is Tesla, that's it, period.

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Quote from: bakasabo on May 24, 2021, 02:22:24 AM

Quote from: Blowon on May 23, 2021, 12:05:09 AM

Currently, Elon Musk is in complete control of doge, he may have a doge #1, If he wants to make a doge $1 maybe very easy, he owns a tesla, and has a rich friend, also has a group of whales.

If you think that Elon Musk controls dogecoin, then why his latest tweet did not affect dogecoin price at all ? If he can do dogecoin cost $1, then why he did not do it ? He is probably holding a lot of dogecoin and with such a pump can earn astronomical profit. But he is somehow waiting.

Maybe he is onto more bigger outcome that's why he is not pushing that fast, maybe he uses His holding to support His out of this world plans so His Dogecoin will be the Funding for the Mars migration of people Grin

Quote

Btw Elon Musk does not own Tesla inc by himself. He is a CEO and a co-founded, and only 21% of Tesla belongs to him.

yup this is how funny many comments has here, they tend to inform people that Elon owns Tesla when the truth is he is just one of the bosses.

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Quote from: Blowon on May 23, 2021, 12:05:09 AM

Currently, Elon Musk is in complete control of doge, he may have a doge #1, If he wants to make a doge $1 maybe very easy, he owns a tesla, and has a rich friend, also has a group of whales.

If you think that Elon Musk controls dogecoin, then why his latest tweet did not affect dogecoin price at all ? If he can do dogecoin cost $1, then why he did not do it ? He is probably holding a lot of dogecoin and with such a pump can earn astronomical profit. But he is somehow waiting.

Btw Elon Musk does not own Tesla inc by himself. He is a CEO and a co-founded, and only 21% of Tesla belongs to him.

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Quote from: wallet4bitcoin on May 23, 2021, 11:29:43 PM

Doge dumping. I think price of doge will decrease more. Recent market condition isn't good and Elon musk being annoying for maximum traders. I think this cause also effect on doge market. Doge price can increase is future. But, at this time, doge has low chance to touch $1.

If we talk about the current market conditions it is down and I think it affects all coins,
I agree with you that the price of Doge will go down and of course it will make it more difficult to reach $ 1,
I am not sure that it will be achieved in the near future but I hope the market will recover soon

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Unfortunately, the altcoin season is over and now all cryptocurrency digital assets are experiencing a steep decline. To get the same momentum as this, it took quite a while. The year 2025 is predicted by everyone regarding altcoins and bitcoins that they will rise to new heights.

CL only adds to the risk, but most of the people do it to get new profits investing in cryptocurrency. DOGE is finished this year, and Elon Musk has to come back again in the next four years to get the past moment repeated, and DOGE can be predicted to be $ 1 in just four years. We'll wait 2025 for the answer.

Dr.Osh

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Quote from: Xxmodded on May 23, 2021, 10:41:00 PM

Doge coin without Elon Musk is nothing and last two weeks Elon have been silent and never make any tweet about Doge coin, become bad news for Doge coin holder because they less hope with doge coin can break to higher price. Now when Elon never any update with Doge coin we still get anything surprise how doge coin can back to higher price again.

well, but so far Doge is still supported by Elon Musk, so the price of $ 1 is still a big potential if the price recovery occurs. However, under current circumstances, it looks like even reaching the $ 0.5 mark is still very difficult. however, I still hope for a recovery in prices to occur in the near future.

wallet4bitcoin

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Doge dumping. I think price of doge will decrease more. Recent market condition isn't good and Elon musk being annoying for maximum traders. I think this cause also effect on doge market. Doge price can increase is future. But, at this time, doge has low chance to touch $1.

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Doge coin without Elon Musk is nothing and last two weeks Elon have been silent and never make any tweet about Doge coin, become bad news for Doge coin holder because they less hope with doge coin can break to higher price. Now when Elon never any update with Doge coin we still get anything surprise how doge coin can back to higher price again.

sapnu

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For an altcoin that mostly rely on a billionaire's tweets or advertisement, dogecoin would have to go through many hardships first before its price can reach $1. The market is currently on a bloodbath and as we usually see, once bitcoin's price goes down the altcoins would soon follow. Once the people in the market gets used on Elon Musk's scheme and started disregarding all of it, he might abandon it too just like what he did with bitcoin or it may start the continuous downfall of Dogecoin. So be wise and smart if you are planning to invest in Dogecoin.

monineklutak

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Quote from: TopT3ns on May 23, 2021, 06:52:04 AM

Quote from: Ziskinberg on May 23, 2021, 06:36:01 AM

Of course, that would not happen, we have been witnessing a bloodbath for many days, and it's altcoins that were heavily affected. looking at the dominance rate of bitcoin which has increased to 46%, that means people are panicking and they are leaving altcoins now.

The top 5 altcoins are affected a lot, down almost 50% in 7 days in average, not looking good now.

unfortunately so far I see cryptocurrency price movements from year to year, no one can predict with accuracy because all possibilities can happen whereas for Dogecoin price movements the possibility of jumping to the price of $ 1 can occur, but not in the near future, no one knows when the price doge hit that target.

Of course, accurately predicting cryptocurrency price movements is not easy and of course requires a really good analysis,
For Dogecoin, I am personally a little hesitant to reach $ 1,
but anything can happen so we just follow the developments

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Quote from: bryant.coleman on May 23, 2021, 08:01:17 AM

Quote from: ?? on ??

If Elon Musk can still help him get up with his statements, actions, etc., why can't he do that now? You need to know that without Bitcoin recovery in the crypto market, don't expect more increases in Altcoins, let alone meme coins like Dogecoin.

The simple truth is that Elon Musk has run out of steam. Hardly anyone in the cryptocurrency market takes him seriously anymore. Even if he tweets something about Dogecoin, I don't think that it will be of any help. When he put up the poll on whether Tesla should accept Dogecoin, BTC was trading at $57,000 and Doge was trading at $0.50. And see what he has done. Bitcoin is now trading at $34,000 and Doge at $0.30. I had stated this manytimes before. Altcoins can't exist without Bitcoin. If Bitcoin goes down by 20%, the alts may go down by 30% or 40%. Because they don't have an independent existence without BTC.

The gist is that if Elon was thinking that he can promote Dogecoin by harming Bitcoin, then he was 101% wrong. It just had the completely opposite impact.

You are right, we know that will happen anytime soon but it just happen earlier than expected because Tesla suspended accepting bitcoin, that was a bad move that resulted in a market dump, and now there's this china news that has a big negative impact on bitcoin.

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Quote from: ?? on ??

If Elon Musk can still help him get up with his statements, actions, etc., why can't he do that now? You need to know that without Bitcoin recovery in the crypto market, don't expect more increases in Altcoins, let alone meme coins like Dogecoin.

The simple truth is that Elon Musk has run out of steam. Hardly anyone in the cryptocurrency market takes him seriously anymore. Even if he tweets something about Dogecoin, I don't think that it will be of any help. When he put up the poll on whether Tesla should accept Dogecoin, BTC was trading at $57,000 and Doge was trading at $0.50. And see what he has done. Bitcoin is now trading at $34,000 and Doge at $0.30. I had stated this manytimes before. Altcoins can't exist without Bitcoin. If Bitcoin goes down by 20%, the alts may go down by 30% or 40%. Because they don't have an independent existence without BTC.

The gist is that if Elon was thinking that he can promote Dogecoin by harming Bitcoin, then he was 101% wrong. It just had the completely opposite impact.

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