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[Razor1911]

Dogecoin has been the sensation of the market. Started it's journey as a joke, as a memecoin. But now nobody is taking it lightly. The intensity that it showed to travel from $0.008 to ta present level, is just tremendous.

Even, doge has become the highest growing crypto by volume. If it continues, there is no doubt that it may give more revenue than front line coins like BTC or ETH. Do you think it has the possibility to reach $1 in future and if yes then when?

 

[rush08]

I guess those that withdraw their investment off the coin actually benefited , although some actually loss thousand of dollars off investing in dogecoin ,and I guess it was actually an avenue for them to actually learn their lesson on investing ,so they should always take profit at the right time

I do not see the dogecoin reaching the $1 threshold.
The instability in the market is one reason why it will be difficult for the coin to reach that price.
Though nothing is absolutely impossible in life, just like dogecoin is down with other coins it could also bounce back when the market begins to stabilize....

 

[fiery phoenix]

If it becomes possible that DOGE reaches $1,then the DOGEI team wil have to make some tweaks to their blockchain to increase the difficulty to mine DOGE because it will be key going forward.DOGE earned through mining is high in supply,so increasing the difficulty level will make it more scarce thereby increasing demand of the coin.If demand increases,then doge will go to the moon,possibly above $1

 

[Ben Kempton]

i really hope the whales take the move of pumping the coin , because currently it seems they are neglecting investing in the coin and placing interest in other coin , that particularly is not good for the development of the coin ,ever since Elon musk stopped placing interest like that

Well, sometimes those big capitalists could not do anything until or unless they invest their whole capital into the market and this is something that they will never do because volatile markets pose risk to their capital. This is also one of the main reasons why Bitcoin market seems to struggle when there is a big scarcity of dip buyers. This is a kind of trend we have been noticing.

 

[Wisdom01]

Well, sometimes those big capitalists could not do anything until or unless they invest their whole capital into the market and this is something that they will never do because volatile markets pose risk to their capital. This is also one of the main reasons why Bitcoin market seems to struggle when there is a big scarcity of dip buyers. This is a kind of trend we have been noticing.

it's true tho and I also feel that at times greed do take place ,like for instance , some certain holders would keep withdrawing fast anytime they actually see any little increase ,all of these probably do cause fall in the price instead of them intending increase ,this is what is recently happening to bitcoin

 

[rush08]

Dogecoin has had a good price increase about two years ago and many expected the price to have stabilized at least at $0.5 right now because of the trend.
But it will only happen when more investors begin to use the coin for payment and also hodl them ...

 

[fiery phoenix]

it's true tho and I also feel that at times greed do take place ,like for instance , some certain holders would keep withdrawing fast anytime they actually see any little increase ,all of these probably do cause fall in the price instead of them intending increase ,this is what is recently happening to bitcoin

Exactly,the bitcoin market is ranging around the same price levels and there are no breakouts to escape this range.It means that traders are trading in fear,they are buying but not holding for long bexause of the situation the world is in.No one is brave enough to buy and hold,they fear to lose money again and again,and possibly fear a crash that will risk margin calls in this unpredictable market

 

[fiery phoenix]

it's true tho and I also feel that at times greed do take place ,like for instance , some certain holders would keep withdrawing fast anytime they actually see any little increase ,all of these probably do cause fall in the price instead of them intending increase ,this is what is recently happening to bitcoin

Exactly,the bitcoin market is ranging around the same price levels and there are no breakouts to escape this range.It means that traders are trading in fear,they are buying but not holding for long bexause of the situation the world is in.No one is brave enough to buy and hold,they fear to lose money again and again,and possibly fear a crash that will risk margin calls in this unpredictable market

 

[rush08]

Exactly,the bitcoin market is ranging around the same price levels and there are no breakouts to escape this range.It means that traders are trading in fear,they are buying but not holding for long bexause of the situation the world is in.No one is brave enough to buy and hold,they fear to lose money again and again,and possibly fear a crash that will risk margin calls in this unpredictable market

It is really difficult to predict as investors are not ready to trade volume of such coins.
Many traders only buy and sell but are able to keep them, it affects the price of the coin in the market also.,
The price of dogecoin I think will remain in the same range at least for now...

 

[Wisdom01]

It is really difficult to predict as investors are not ready to trade volume of such coins.
Many traders only buy and sell but are able to keep them, it affects the price of the coin in the market also.,
The price of dogecoin I think will remain in the same range at least for now...

some investors has already lost hope of seeing dogecoin reach $1 ,the current price value isnt too encouraging like before , hopefully it starts boosting ,as it seems the former hype that happened on the coin really lowered the coin development and growth well let's see how things would play out

 

[fiery phoenix]

some investors has already lost hope of seeing dogecoin reach $1 ,the current price value isnt too encouraging like before , hopefully it starts boosting ,as it seems the former hype that happened on the coin really lowered the coin development and growth well let's see how things would play out

The former hype was actually thanks to the good performance of the whole crypto market,and majorly because bircoin was around ATH levels.Now that the wave is gone,Doge is still playing according to bitcoin and the rest of the market,it is closed related to bitcoin,since its also has a PoW consensus

 

[rush08]

Bitcoin has always been the influencer, when the Bitcoin is doing well in the market, other coins follow suit but when the Bitcoin is nosediving, other coins also depreciate.
Dogecoin has had its own fair share and since it has that initial pump, the price has been significant enough...

 

[Wisdom01]

Bitcoin has always been the influencer, when the Bitcoin is doing well in the market, other coins follow suit but when the Bitcoin is nosediving, other coins also depreciate.
Dogecoin has had its own fair share and since it has that initial pump, the price has been significant enough...

I believe the good time for Bitcoin would come , although things aren't going well ,probay the bad economy and others ,is actually slowing the growth and development of the market ,but as time goes on the market would go stable and would claim high development

 

[rush08]

I believe the good time for Bitcoin would come , although things aren't going well ,probay the bad economy and others ,is actually slowing the growth and development of the market ,but as time goes on the market would go stable and would claim high development

It is predicted that before the end of 2022 that the price of Bitcoin could rise up to $50,000 .
But with the current market trends it is mostly unlikely that we could experience such surge in price.
Bitcoin always determine the price of all other coins in the market. So the price of dogecoin may not rise to $1 in the nearest future....

 

[fiery phoenix]

There is a smaller version of Dogecoin called babydoge formed to increase the utility of the dogecoin network.There are also projects like Gigawallet and RadioDoge are going to be formed to increase more awareness of Dogecoin meaning DOGE is building a better foundation for its price to grow in the future

 

[Wisdom01]

It is predicted that before the end of 2022 that the price of Bitcoin could rise up to $50,000 .
But with the current market trends it is mostly unlikely that we could experience such surge in price.
Bitcoin always determine the price of all other coins in the market. So the price of dogecoin may not rise to $1 in the nearest future....

even if Bitcoin rises to $50k ,am sure that it might not move above $0.50 , because that's the range of price the coin was at when Bitcoin was $50k , probably when Bitcoin reaches $100 k and that doesn't seem to happen right now looking at the current price range of Bitcoin

 

[Gen Evie]

For me i think it will rise to 1 dollar, that's what posterity does. There's bound to be a change. Dogecoin was nothing until Elon Musk boost it. And ever since then even though there are no promotions or campaigns going on to create more awarness for the coin it has remain stable in a positive way..it didn't fall totally, and it still increases. But there's a New coin coming up now and 2weeks old but already listed on exchanges LAIKA is the name of this new coin. It doesn't have names that make you think twice before you invest...i.e dogelon, babydoge.

 

[Ben Kempton]

It is predicted that before the end of 2022 that the price of Bitcoin could rise up to $50,000 .
But with the current market trends it is mostly unlikely that we could experience such surge in price.
Bitcoin always determine the price of all other coins in the market. So the price of dogecoin may not rise to $1 in the nearest future....

Many professionals and investors usually make such kind of statements in order to create hype. Many investors also make exaggerated claims about certain kinds of altcoin in order to increase the popularity of their coins. However, the fact of the matter is that you may need to analyse these statements carefully and judge their claims by gaining knowledge about the market. An intelligent trader makes predictions regarding cryptocurrencies by analysing the circumstances and the current market conditions.

 

[rush08]

Many professionals and investors usually make such kind of statements in order to create hype. Many investors also make exaggerated claims about certain kinds of altcoin in order to increase the popularity of their coins. However, the fact of the matter is that you may need to analyse these statements carefully and judge their claims by gaining knowledge about the market. An intelligent trader makes predictions regarding cryptocurrencies by analysing the circumstances and the current market conditions.

I wonder how much they are to benefit from such hype.
When it is actually obvious that the proclamation and prediction might be realized as a result of what are obtainable in the capital markets.
Though nothing is impossible in the world of cryptocurrency but the price of dogecoin rising to $1 is just imagination.....

 

[fiery phoenix]

I wonder how much they are to benefit from such hype.
When it is actually obvious that the proclamation and prediction might be realized as a result of what are obtainable in the capital markets.
Though nothing is impossible in the world of cryptocurrency but the price of dogecoin rising to $1 is just imagination.....

Usually the investors who hype a coin are whales who would have invested a certain amount in the coin and since they need quick gains,they will go on social media and start posting memes if the coin,with tags of praise to pump the coin and once others investors invest the coin pumps they get quick gains,and then liquidate,then the coin dumps quickly

 

[Balint098]

Without insane utility that makes people flock to Doge, I think that's near impossible. Remember that doge was created as a purely memecoin with no inherent value. The only thing that drove up the price in the past is Elon manipulating the market and the meme hype.