Dogecoin doesn't have a max supply, how is it possible that this token will reach $1 usd, but Hype will tell another story, Doge's price is going up because of the support from the community and Elon musk, I believe Dogecoin's price can reach $1 when the BTC price goes up at the next Halving
This is what the hype takers can't understand. Even if Elon Musk tweets, changes the logo into Dogecoin of Twitter for so many times.
It won't matter or it will matter for a few times and price but it will be just temporary and that is because Dogecoin has an unlimited supply.
$1 is too much and ambitious.
In the last season, Dogecoin was very close to the price of 1 dollar during the rise. After the logo change on Twitter, it broke $0.01 and then returned to its old price. A dollar doesn't seem impossible. What bothers me is that the herd has a shepherd and where does the flock do it, since it was close to this price before. Making money like this bothers me so I haven't even invested. There are many new projects beneficial to the ecosystem.
I don't think 73 cents can be considered as "Very Close" to 1$ considering that doge now valuing 0.008 dollars meaning that 20 cents is
too far from a dollar value, and now that this Twitter thing arise , still doge price didn't follow any close to that last ATH.
as the All Time High at May 08, 2021 (2 years ago) is $0.7376
in this case I'm afraid that there is a near sighting of DOgecoin reaching a 1$ price.
not Unless Elon once again Push this coin to the limit and with His complete blessing then maybe there is a possibilities .
seeing the perspective of the current valuation that doge has, and the potential shilling from elon musk since it seems he favour this coin so much then it's certainly possible but what's doge coin lacking heavily is the institutional investments that gonna make their value gets retained in the long term.
He keeps doing this for how many times and we can see that its getting low in effect. not like in the past that the impact is really high.