Will Doge coin everly hit $1? - page 4.

Sophokles

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Quote from: Samlucky O on November 09, 2023, 12:53:37 AM

Why do altcoin don't have the characteristics of bitcoin? After the creation of bitcoin thousands of coin surface the crypto market, some altcoin became a huge success but some still reamain dumant and has no hope of even attaining the high of $1

Dogecoin is one of a long time COIN that has been in existence for over 10years now. since December 2013 dogecoin hit 0.0000869 on may 6 2015 and today is $0.076 now am wondering if it could reach $1price after 10years compeard to Bitcoin.

All the crypto currencies have different characteristics than bitcoin so it is not reasonable to compare other cryptos with bitcoin. Token supply, technology, community and adoption have a great influence on its price. The price of Dogecoin surged after Elon mask started promoting it. Without elons push I don't think dogecoin will be in this place it is right now. I also wonder why some people always want to compare a crypto price with fiat currencies. Inflation lowers the value of fiat currencies gradually when crypto has a limited supply and if it continues to gain new users and its community increases in size its price grows as well.

avikz

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Quote from: Samlucky O on November 09, 2023, 12:53:37 AM

Why do altcoin don't have the characteristics of bitcoin? After the creation of bitcoin thousands of coin surface the crypto market, some altcoin became a huge success but some still reamain dumant and has no hope of even attaining the high of $1

Dogecoin is one of a long time COIN that has been in existence for over 10years now. since December 2013 dogecoin hit 0.0000869 on may 6 2015 and today is $0.076 now am wondering if it could reach $1price after 10years compeard to Bitcoin.

No! I don't see Dogecoin reaching $1 ever in the future. It has a huge amount of supply which is not really suitable for that coin to reach this price point, especially when there is zero utility.

Elon Musk is a crypto gambler. He made millions by manipulating the crypto crowd and we are still speaking whether this coin will ever reach $1 or not. It is just not possible.

el kaka22

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Even though I dislike doge as much as anyone, I could say that it has peaked at 70 cents not too long ago, during the last part. I think it should be noted down that we are talking about a situation that is a little bit different, and we need to arrange our thoughts according to what it could be, and not what it should be. I would clearly be able to say that it SHOULD not be 1 dollar, it doesn't deserve to be like that, and it never made sense to me that it would worth that much.

However, if we are talking about what it COULD be then I would say that one dollar is not something gigantic for it, there is definitely a very well possibility that it could reach those levels and be able to go above 1 dollar during next bull run.

Essential10

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No one can say for sure whether Dogecoin will reach $1 in the future, it's just a guess. It is difficult to predict the future of this currency with the possibility of investment and price appreciation. As far as I know, Elon Musk has already started working on the payment system that Twitter or X is going to launch with crypto. You may know that currently more than 450 million are connected to Twitter or X. If somehow the Twitter or X payment system is activated and it is through dogecoin then these 450 million people will have the opportunity to transact through dogecoin. In that case we will see a positive effect in dogecoin. It is only a matter of time how far doge coin can progress or not.

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Quote from: Cryptoababe on November 09, 2023, 07:30:44 PM

DOGE ATH is 0.7. And I was shocked when it got to that value. Many bought at that price as they all expect it to hit 1 usd. I can't say doge will hit 1 usd but crypto is unpredictable and if It can break that previous ATH again, It will surely pass $1. We currently don't know where Bitcoin is heading to and we all know that everything depends on Bitcoin.

It is very important for us to understand little more about the market so that we can know when the market tend to add more in prices or when things are going to get better. Bitcoin is the major force of the market and we need to market sure we out things in place so that we can earn more as the price of Bitcoin keep going bullish. When the price is going to set for a bull or not we should be ready to invest some part of our funds and relax watching the price where it would tend to go. All we have to do to benefit from the market is to keep watching to see how the market want to send price to.

masulum

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Quote from: fat buddah on November 10, 2023, 04:42:49 AM

Elon won't be able to pump it as hard as he did a few years back. People don't react that big to his actions with DOGE now.

Exactly, after the pump carried out by Elon was successful during the previous bullish period until it reached ATH more than $0.7. I think at that time, Elon attempt to bring Doge to $1, but it cannot become a reality, because Doge cannot pump any higher. It wasn't just one, but few times to try it, however, the effect was no longer as hype as when the public first discovered that Elon had a lot of Doge. Even using Doge to buy Tesla merchandise cannot pump Doge prices anymore, meaning the public is starting to become uninterested in Elon's tweet to create Doge FOMO.

fat buddah

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Quote from: adaseb on November 10, 2023, 01:10:57 AM

I don’t think it will hit $1 and if it does somehow, it will be momentary because dogecoin is still POW mineable and has lots of supply coming in.

If I remember correctly at $1 doge you would need like $500M in buy orders for every month (or two) just to absorb the miner selling pressure. Seems very difficult to achieve. So I don’t think it will happen. Even if Elon starts to pump it again.

Elon won't be able to pump it as hard as he did a few years back. People don't react that big to his actions with DOGE now.

adaseb

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I don’t think it will hit $1 and if it does somehow, it will be momentary because dogecoin is still POW mineable and has lots of supply coming in.

If I remember correctly at $1 doge you would need like $500M in buy orders for every month (or two) just to absorb the miner selling pressure. Seems very difficult to achieve. So I don’t think it will happen. Even if Elon starts to pump it again.

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Quote from: Samlucky O on November 09, 2023, 12:48:14 PM

But do you think this manipulation by Elon musk is intentional? Or was he hired for that? Because that is a business strategy...

How much money should someone have who wants to hire the richest man in the world to promote Doge? Everything that Elon Musk does, he does for his own pleasure, which is pleasant to manipulate public opinion, and then watch what is happening.

Cryptoababe

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DOGE ATH is 0.7. And I was shocked when it got to that value. Many bought at that price as they all expect it to hit 1 usd. I can't say doge will hit 1 usd but crypto is unpredictable and if It can break that previous ATH again, It will surely pass $1. We currently don't know where Bitcoin is heading to and we all know that everything depends on Bitcoin.

Ben Barubal

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Quote from: Samlucky O on November 09, 2023, 12:53:37 AM

Why do altcoin don't have the characteristics of bitcoin? After the creation of bitcoin thousands of coin surface the crypto market, some altcoin became a huge success but some still reamain dumant and has no hope of even attaining the high of $1

Dogecoin is one of a long time COIN that has been in existence for over 10years now. since December 2013 dogecoin hit 0.0000869 on may 6 2015 and today is $0.076 now am wondering if it could reach $1price after 10years compeard to Bitcoin.

If the supply of Dogecoin decreases significantly, I can believe that it will be $1 or more. In what is happening right now, the rise in the value of Dogecoin is based on the pump and dump procedure, if you look and find out what happened before, in fact.

Then what I noticed is that the majority of doge holders seem to be only hoping for Elon Musk's move to make dogecoin rise. While what Musk is doing is obviously just a pump and dump for Doge, if you don't keep up with what he did, you will be left behind.

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Quote from: Samlucky O on November 09, 2023, 12:53:37 AM

Why do altcoin don't have the characteristics of bitcoin? After the creation of bitcoin thousands of coin surface the crypto market, some altcoin became a huge success but some still reamain dumant and has no hope of even attaining the high of $1

Dogecoin is one of a long time COIN that has been in existence for over 10years now. since December 2013 dogecoin hit 0.0000869 on may 6 2015 and today is $0.076 now am wondering if it could reach $1price after 10years compeard to Bitcoin.

Unlikely. There are a lot of factors involved in why Bitcoin grew and doge didn't (though they did get hyped up a lot temporarily), but in this case, I guess the most glaring issue was the use case? I mean Bitcoin is coined as an alternative for fiat as well as a store of value. Doge? Well, Elon's name really is the only thing I can think of about it. I wouldn't say it's impossible though. Who knows, they might just change their use case into something really useful, or Elon just wakes up and suddenly wants Doge to reach $1.

wheelz1200

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Quote from: Samlucky O on November 09, 2023, 12:53:37 AM

Why do altcoin don't have the characteristics of bitcoin? After the creation of bitcoin thousands of coin surface the crypto market, some altcoin became a huge success but some still reamain dumant and has no hope of even attaining the high of $1

Dogecoin is one of a long time COIN that has been in existence for over 10years now. since December 2013 dogecoin hit 0.0000869 on may 6 2015 and today is $0.076 now am wondering if it could reach $1price after 10years compeard to Bitcoin.

It's all dependent on bitcoin pricing honestly. If bitcoin hits $1million than sure possibly. The main reason I don't think is because dogecoin has block rewards of 10,000 new coins minted every minute..forever. there is no way that demand will forever increase so eventually the price will go down due to the constant increase in supply.

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Quote from: Magic-Money on November 09, 2023, 10:23:41 AM

Doge Coin has to be Meme Coin before, and has make a good impact in the cryptocurrency industries which was waiting for Bitcoin to hit $100k enable Doge Coin price to be $1 and that was been prediction towards Doge Coin and be side Doge Coin can't be compared with Bitcoin, to start with Doge Coin total supply is very high much to compare with Bitcoin, therefore the gab between Doge Coin and Bitcoin will be very high difference as well.

To be honest, not all altcoins are able to rise drastically and skyrocket even though the price of Bitcoin may skyrocket to reach $100k. Because it's even more of a meme coin, and sometimes it's just hype. It took extra efforts and news for Doge to return to its previous ATH and surpass it. especially if it is Doge, who is expected to make miracles again in the next bullish era. I don't know if I can, this will be really good because I also still have some of my past investments that really made me learn a lot about memecoin. But if you look at it as a whole, it looks like I'm not so sure about this.

The Cryptovator

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If Elon wants, then yes, Doge coin would reach $1; in crypto, everything is possible. But we can't say when it will happen or if it will happen at all. We just can't ignore the possibility. Because during the last bull run it was almost near $1, and currently it's very low compared with the last bull price. But unfortunately, it seems Elong isn't making much noise about Doge lately. Maybe he is busy with something else. However, Doge Coin has a great community already, so they need a spark to go on fire.

goaldigger

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The only concern of many here is the total supply of DOGE and I’m seeing this kind of trend again maybe because the market is rising again. The hype with meme coins are coming and expect that other meme projects will also hype their own project just to follow the current trend. Though anything can happen and maybe when Bitcoin hits a Million mark then that is the only time for Doge to get that $1 mark.

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Quote from: Samlucky O on November 09, 2023, 12:53:37 AM

Why do altcoin don't have the characteristics of bitcoin? After the creation of bitcoin thousands of coin surface the crypto market, some altcoin became a huge success but some still reamain dumant and has no hope of even attaining the high of $1

Dogecoin is one of a long time COIN that has been in existence for over 10years now. since December 2013 dogecoin hit 0.0000869 on may 6 2015 and today is $0.076 now am wondering if it could reach $1price after 10years compeard to Bitcoin.

The meme characteristic with dogecoin, because with the level of hype that was created around the coin, it should have attained that price target since long time ago but since their aim for creating the coin was not for market success and development and created for a joke makes it existence only rely on bump and dump without a plans of making any progress in terms of the price.

But then, a lot of gains have been made from the several pump that have happened in the coin market, so if we want to talk about a real progressive altcoin, then we have to look in the directions of coins like ethereuem and BNB who's value have recorded a lot of uptrend movement since inceptions.

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Quote from: Samlucky O on November 09, 2023, 12:53:37 AM

Why do altcoin don't have the characteristics of bitcoin? After the creation of bitcoin thousands of coin surface the crypto market, some altcoin became a huge success but some still reamain dumant and has no hope of even attaining the high of $1

Dogecoin is one of a long time COIN that has been in existence for over 10years now. since December 2013 dogecoin hit 0.0000869 on may 6 2015 and today is $0.076 now am wondering if it could reach $1price after 10years compeard to Bitcoin.

We definitely see Dogecoin as a long-term currency. These coins were once valued at the same level as Shiba Inu and Pepe coins. But suddenly the price of this coin working with Sir Elon Max Dogecoin started increasing overnight and went from 0.000086 to 0.78$. But I think if Bitcoin market goes from 100k to 1000k after 10 years then DogeCoin can surpass 1 dollar. I believe anything can change at any moment especially in cryptocurrency nothing is impossible. There is no comparison between Bitcoin and Altcoins Bitcoin is completely separate and distinct.

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Quote from: Samlucky O on November 09, 2023, 12:53:37 AM

Dogecoin is one of a long time COIN that has been in existence for over 10years now. since December 2013 dogecoin hit 0.0000869 on may 6 2015 and today is $0.076 now am wondering if it could reach $1price after 10years compeard to Bitcoin.

Dogecoin have turned out to be a shitcoin and few traders convert it to become gas fee. Elon Musk is a top influential whale in crypto, his orders on projects execution have made him more popular in the system, with a single order, the vast majority of traders have followed every single steps he has commanded, more like a demigod in the market. Elon Musk was the CEO of Dogecoin and behind the heavy pumps of the project, but he later abandon the project before he has other exploring projects to focused on, thereby giving lesser attention and that eventually led to the decreased in trading volume of Dogecoin.

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DOGE is probably the craziest wildcard out there. It has a circulating supply of about 140 Billion with an unlimited supply. Less than 5000 wallets out of around a 5 million hold more than 80% of the supply.
The economics is just too skewed. If you are among the lucky 5000, and have more than a million doge, you will be well served by cashing out during the next bullrun. For the rest, you will just have to wait for a major crash to load up on it. Or better still, just start mining.

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