Regarding dogecoin reaching the price of $1 is not impossible, especially the holders, in the previous cycle doge also almost touched $1 and the difference was only a few cents away, but for dige to reach the price of $1 requires a more powerful price push and speculation, as before elon musk really gave speculation, about dogecoin which made dogecoin rise very significantly last season, but if elon musk speculates again in this altseason then dogecoin has a great probability to go to the price of $1, I highly doubt if elon musk takes the risk again to openly talk about doge in the media.
But still be careful investing in dogecoin / meme coins, in addition to the big risk you might get mental, use the smallest money in your wallet if you want to invest in meme coins.
Dogecoin, which has been called the "king of meme coins," does have a special charm, doesnt it? Going for $1? Possible, but not impossible! The last cycle was crazy and came very close to hitting that magic number. The Elon Musk effect and rumors drove most of the changes. Should Musk drop another Doge bomb in the media, it could really take off and reach the elusive $1 mark.
Dogecoin's strength isns just in tweets from famous people. It has a strong and enthusiastic support group in its community. Because Doge has a strong group behind it, it is a safer bet in the world of meme coins. But lets be honest: putting money into Doge is like taking a roller coaster without a safety harness. Exciting? Of course. Not safe? Sure thing.
So, if you want to jump into the Doge pool, remember: dont spend more than you can afford. As you ride, you want to feel both excited and safe, like you wont sink.
Yes, it is interesting if you think about the dogecoin community that is so large, and I myself admit that it is not only because of elonmusk alone if traced properly, but the catalyst from elon musk may be triggered by the dogecoin community which indicates that they are in a positive flow in price movements.
It is fun to bet on things that can make someone crazy at a certain time, because there are no definite fundamentals about dogecoin as a technological advancement in the world of crypto currency, but even so dogecoin has a large enough audience and to this day after we have gone through very severe market fluctuations, dogecoin still survives in the top 10 CMC which indicates that the holder is also quite strong.
We understand that you should not bet with a margin that you are afraid of losing.