Will Doge coin everly hit $1? - page 5.

MAAManda

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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.

Based on a comparison I did on Marketcapof, if the market cap of Bitcoin (BTC) was held by that of Dogecoin (DOGE), it would be around $5. So, it actually makes sense that Dogecoin (DOGE) could eventually reach $1. Even more so when considering the inflation that occurs every year at FIAT. But I'm not sure if that will happen any time soon.

Samlucky O

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Quote from: $crypto$ on November 09, 2023, 06:08:23 AM

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.

You asked about the doge to $1, look at ATH before it was $0.76 this is getting to $1 it is not impossible if the market pump occurs then the price can reach $1 unless there is a bigger hype behind it, say Elon Musk is acting again with doge when the market pump is rising.

Meme coins do not need to be expected more even though doge has been in the market for a long time compared to other altcoins or memes, we cannot guess the same as bitcoin which has a fixed cycle every halving, because doge has too much circulation it may go down it may go up because of Elon Musk's explosion.

The only one who can control doge is the owner of Space X or X.com. Grin

But do you think this manipulation by Elon musk is intentional? Or was he hired for that? Because that is a business strategy. I think the developer of Dogecoin might be in secret agreement before he could do that. But I still doubt if he did that for any reason.

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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.

Actually in this case I don't really like to compare doge with bitcoin because however regardless of the price that doge gave before we should realize that they have such a big increase because of what.
Doge is one of the alt that I used to use because I quite like transacting with this coin but now that is not possible after the intervention of elon and some other influencers who did a very crazy pomp to this meme coin actually it was the end of them and I was not there anymore until now.

Regardless of anything at the moment their progress remains the same, doge can still go up but it's only temporary due to the hype with a quick pump and dump because with the previous big pump as well as the fall that many people suffered of course coins like this will not be looked at much more for now especially for investment issues.

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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.

Doge ATM was $0.7 very close $1 that was in May 2021 thereafter had been dumping and since then it price never drew close to that price mark, presently the price isn't close to $0.1 talkless of reaching $1, what could have been responsible for it non growth? probably it developers are not been putting in more effort in sustaining it development unlike other altcoins who had been sustaining their growth through new innovations thus encouraging new investors, it's obvious a lot of altcoins that were launched after Doge had grown rapidly in term of price and this is wake up call to doge developers to spearhead a massive improvement on the project.

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Quote from: nelson4lov on November 09, 2023, 08:38:47 AM

In a full fledged bull run which I think the next bull run will be, it might be possible. When Doge peaked at $0.74 years ago, I really thought it was going to finally reach the $1 mark as it was very very close than ever. In such a market, it won't matter if Dogecoin is a shitcoin, just one top tier tweet from Elon Musk would be enough to pump it to the stratosphere. Doge hitting $1 is akin to BTC being parabolic enough to hit $100K which is very much possible.

You are absolutely right that Doge might perform well in the next bull run expected in 2024, but as we all know that price of Doge tends to dance on tweets of Elon Musk, lacking a practical use case. However it is important to note that narrative of every bull run of altscoins market is different, the narrative of previous bull run was DEFI sector. The narrative of upcoming bull run could be Layer2, Real Wold assets coin or Artificial Intelligence coins. Crypto is dynamic market and predicting the future price of any coin is very challenging.

Magic-Money

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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.

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In a full fledged bull run which I think the next bull run will be, it might be possible. When Doge peaked at $0.74 years ago, I really thought it was going to finally reach the $1 mark as it was very very close than ever. In such a market, it won't matter if Dogecoin is a shitcoin, just one top tier tweet from Elon Musk would be enough to pump it to the stratosphere. Doge hitting $1 is akin to BTC being parabolic enough to hit $100K which is very much possible.

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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.

Maybe yes or maybe no, it gets to the current level because of one man Elon Musk, if Elon continues to hype and continue to support Dogecoin and integrate it on many of his projects and platforms it will surely hit $1, but if Elon Musk decided to drop Dogecoin then it will go back to where it was before, even if they have a strong community support its Elon Musk continuous support of the project is what keeps it in the top.

Even if the transaction fee is low and the transaction speed is attractive for traders it is still Elon who decides on Dogecoin futures, so if you want to know if Dogecoin will reach $1 check and follow Musk's decision on Dogecoin and you will have a hint on the direction it will go.

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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 potential of altcoins is something we do not need to discuss further, but looking at the fact that the few successes show their risks, the important thing is that altcoins are dependent on the development of bitcoin. So don't compare bitcoin with the rest of the market.

In the case of dogecoin, a cryptocurrency where much of its growth comes from manipulation and pump/dump by early adopters and their influence. Its current position in the market will have many different opinions, and the price increase expectation for this crypto will be similar to other leading altcoins, when the bull season comes, people will naturally come back to exaggerate to help it reach the target.

yazher

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It's hard to say no because the people behind this coin are amazing and even though they are not like others who are constant in their development, they have successful stories like Elon Musk who is followed for whatever he is suggesting. Dogecoin is still one of the best but you just need to do your own research about the time to sell it because if you don't follow the right procedures which you get from your personal experience when you bought it and wanted to sell it when the price still high, you might end up losing because investing in such coins are like gambling, they have their own way to rise and fall.

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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.

After all, not all people know that Bitcoin is a unique creation and different from others which is why we can't compare altcoins. And this is because of these things;
- key role and function
- profit potential
- trust and market confidence

It is not a question why altcoins including Doge can't compete with Bitcoin because, in the first place, they don't deserved it. Yes, thousands of altcoins, are new projects but guess what, most of them are scams and useless. In fact, Dogecoin became popular because of the influence of EM, not because of its function.

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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.

You asked about the doge to $1, look at ATH before it was $0.76 this is getting to $1 it is not impossible if the market pump occurs then the price can reach $1 unless there is a bigger hype behind it, say Elon Musk is acting again with doge when the market pump is rising.

Meme coins do not need to be expected more even though doge has been in the market for a long time compared to other altcoins or memes, we cannot guess the same as bitcoin which has a fixed cycle every halving, because doge has too much circulation it may go down it may go up because of Elon Musk's explosion.

The only one who can control doge is the owner of Space X or X.com. Grin

btc78

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altcoins are literally cryptocurrencies that were derived from bitcoin in hopes of being better than the latter.

i’ve heard lots of people wonder why even if there are altcoins that are objectively better than bitcoin, bitcoin is still the no. 1 cryptocurrency well the answer is pretty much simple
bitcoin has placed itself on the very center of the world of cryptocurrency
it’s the most well-known cryptocurrency being the first one ever and the cryptocurrency that has stood the test of time almost all transactions involve bitcoin you cannot directly buy an altcoin with fiat money without going through bitcoin first

dogecoin has grown over the years but most experts say that it reaching $1 in a short period of time is highly unlikely however with the presence of Elon Musk it wouldn’t be surprising to see this coin stay and persevere

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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 supply of each coin is different and thus the unit price per coin is also different. You cannot compare Bitcoin and doge coin in this regard. If you have to compare price of two coins, compare those which have identical supply. Regarding whether doge coin can reach $1 or not, it depends on a number of factors like news associated with coin. I see less possibility of this happening now as Elon Musk all hype is gone now.

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Doge coin is one meme coin that has attained some level of stability over the years and is still very promising with how well it could definitely appreciate. Over the years, doge has continually appreciate in it's value which will make us have confidence that it can hit a certain price some day so I think getting to $1 someday is very possible but it will only take some time over the years doge have done x10, x20 and even bigger so if it continues with such it can definitely get to $1 some day.

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It purely depends on particular Altcoin and their supply, service it has to offer and development.

Since we are discussing particularly about Doge, let me share my opinion as I think doge definitely has possibility of touching $1 as it went so close in May 2021 but it didn't happen due to any solution which coins offers in real world but rather because of hype and FOMO created by Elon Musk's lethargic support for Doge as there are people who had respect for Elon Musk and his work hence they blindly invested into Doge as the talk of the town was if Elon being the richest person in the world is supporting Doge then they though he has some plans of including Doge in his projects but it was just occasional tweets and talks nothing more than that.

After a while even Elon's mention of Doge started fading it's power where we saw 10x increase for the first time was reduced to just 10% to 20% pump for few mins whenever Elon was mentioning Doge at later stage. If similar thing repeats with a strong speculation that Doge will be made mainstream then we may see it touching it $1 but cannot guarantee it will stay around same level.

Even if Doge is here for 10 more years without any development we cannot expect it's value to increase.

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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

You've just answered your question and that's because of the high supply that they've got and the main purpose that they've introduced to the people. So, for the likes of those meme coins or tokens, there is not that much hope for the newly created ones. They gain popularity and then make some buzz in the news and community and then what's next? Dump.

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.

Its peak was $0.7 and that was close to $1 that you guys are hoping for. I'm guessing that most of you have been holding thousands to millions of it but if you have never dumped that coin to the peak or at least close to that, you've missed the train. I am not saying that it is no longer going to peak again but we don't know when it does. As an altcoin, it follows the trend for Bitcoin but we saw that it didn't do much during 2021 bull run.

So in hopes of the next bull run maybe next year or two, if it don't move that much again then your expectations for it to reach $1 should be void. Remember that Dogecoin keeps on printing more supplies so it has an unlimited supply and that's why instead of deflating, its supply is inflating and its price will keep on decreasing, law of supply and demand mate.

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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 problem you are making is looking at the bare price for 1 piece of token, when you should be looking at marketcap, i.e. the value of all coins in circulation. I can create a coin today that will cost $100,000 tomorrow. How will I do it? I will create a coin of which there is only 1 piece and i own it. Doge is not as small as you think, because there are 7,300 times more of them than bitcoins and this makes dogecoin only 70 times smaller than bitcoin and not 50,000 as you might think.

My thread about this written in 2018.
difference between 1$ coin and 1000$ coin

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When the demand is very low then the supply will be very low as well. People that are using Dogecoin is not much. The population is very low and it is when the population of the coin is high the price is also high. This is a very simple mathematic. If Dogecoin founder pump invest some millions of dollars and when people see the appreciation in value then people will be using it and the price will be on the rising side. But nothing is done to increase the value the population will also drop because nobody will like to keep funds in a place that is not moving on.

And the way I look at it, Dogecoin is one of the major coins that is making altcoins a shitcoins because the movement is not encouraging people to invest. But as you ask I ever the coin will hit $1. Guy this is serious matter. $1 not even $100. Well from the figures you have 0.0000869 to $0.076 that means it is getting closer, so I believe it will hit the $1 next year. That is my prediction on it.

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because Doge has the supply of trillions circulating which everyone is ready to sell by the time it hits the holder's target price. it may just need the intervention of Elon once again to hit $1. eventually this bull market, Doge price will still climb. it may not beat the ATH $0.75 but it will go up hopefully.

you have to be a long-term holder of this coin before you can appreciate its price right now but if you have bought also at $0.06, you will just be impatient. don't get your hopes up too much that it will hit $1. whatever will be, will be. Grin

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