Topic: Will Doge coin everly hit $1? - page 6. (Read 657 times)
There are a couple of red flags with Dogecoin and the biggest of them is its high supply. If I am correct it has a supply of $132 billion and that does not make it good to achieve $1 price in the long term or the short term. The reason why it reached an ATH of $0.76 last time was due to the hype created by Mr Musk and the due to the bull run. It is not a cryptocurrency with any kind of real-world utility as it was created as a joke/meme coin by the founders and to date there is zero development happening after its creation. It does have a big community but most meme coins have a big community which does not make it a favourite of everyone. Everyone holding a meme coin is only waiting for hype or a bull run in the market to exit.
Altcoins do not have the same characteristics as Bitcoin for a few reasons. First Bitcoin was the first cryptocurrency and set a good dominance on the entire market. It gained a significant amount and get trust from investors. Some altcoins have been successful in gaining popularity and value like you can see Ethereum BNB XRP. And many are there.
It is true that dogecoin in existence for over 10 years. But it can never touch the Bitcoin or can not get hype like Bitcoin. Its value from 0.0000869 to 0.076 it is just due to Elon Musk. He was manipulating this meme coin. And still can Manipulate. If this will happen so we can see the Dogecoin at $1.
It is true that dogecoin in existence for over 10 years. But it can never touch the Bitcoin or can not get hype like Bitcoin. Its value from 0.0000869 to 0.076 it is just due to Elon Musk. He was manipulating this meme coin. And still can Manipulate. If this will happen so we can see the Dogecoin at $1.
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.
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.
Altcoins including Doge coin vary in characteristic from Bitcoin for several reasons including technology and purpose of heir creation. Bitcoin was created as method of payment and Doge coin was created for fun but surprisingly during the last bull run of 2021 its price skyrocketed to $0.74, which nobody had expected, largely attributed to backing of Elon Musk. How it performs in the next bull run, will depend on its practical use case, support of its community and celebrities like Elon Musk.
Is it possible? Yes. Is it likely? I'm not so sure. It's a memecoin, and memes tend to fade with time. Even Elon can't help with it. It's still relatively good coin, but there are a lot of better options.
The supply amount of each coin is different, the mining method is different, the ownership rates are different, inflation is different. It's like comparing apples and oranges. Also the price of the coin isn't the only factor. Some coins go higher prices but their inflation is also higher so in reality holders are not in profit.
About DOGE 1 dollar isn't impossible, but reaching this price can only be achieved through extremely speculative movements. You remember how it went ATH the last time. That wasn't an organic growth so it's not sustainable.
About DOGE 1 dollar isn't impossible, but reaching this price can only be achieved through extremely speculative movements. You remember how it went ATH the last time. That wasn't an organic growth so it's not sustainable.
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.
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.
Jump to: