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Dogecoin is 40 cents, will it become $1 any time soon?

  • Thread starter Thread starter Nomad
  • Start date Start date
If I have enough cash with me, I will just buy like 10,000 units of these coins I'm trip everything once it reaches 1 dollars. I should be able to make nothing less than 60% profit from the transaction if things go right.
 
It will take a time for dogecoin to reach $1 even though there are many investment around even the richest man in the world invested in that coin.
 
Hena101 said:
It will take a time for dogecoin to reach $1 even though there are many investment around even the richest man in the world invested in that coin.
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And the coin is still trying to find its way to become even $0.50 till today which it stands at $0.20 to $0.21 can you imagine?
 
Nomad said:
In January 1st, 2021, dogecoin was $0.004. However, by the end of January, the price per dogecoin was 1 cent. Just a week ago, doge coin was 7 cents, however, now it looks like doge is going to the moon. Dogecoin is 40 cents.
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....Hmm it should get there soon depending on what the market in general tells, we all know that before this year runs out it will get to $1 but we don't know the date....
 
Any good cryptocurrency coin will always increase in terms of price. This is not because they are currency but because they are more like a commodity, like gold, where availability is very low and demand is always very high. So go ahead and invest here, you will always get a higher value and possibly above $1 value.
 
I do not believe that it will reach that amount any sooner because it has a long way to go until it reaches that value. It will probably take many years for it to reach that value.
 
Nomad said:
In January 1st, 2021, dogecoin was $0.004. However, by the end of January, the price per dogecoin was 1 cent. Just a week ago, doge coin was 7 cents, however, now it looks like doge is going to the moon. Dogecoin is 40 cents.
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This goes to all the coin as well, they all have their own season to shine and not to shine as well, so we should always invest wisely in any of the coin if we want to invest in any of it, because we can’t tell what could happen next though.
 
Well, I believe that Dogecoin will rise but after some years. It will only rise till it reaches $1 only if Elon Musk continues to support it and invest in it as his statements make great effects on crypto price.
 
We all thought it would be $ 1 as soon as it reached almost $0.5 , but that didn't happen at all. And now the price is just around $0.3 , and $1 seems out of reach at least for some months.
 
Hena101 said:
It will take a time for dogecoin to reach $1 even though there are many investment around even the richest man in the world invested in that coin.
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You are right. Dogecoin is really struggling to reach and pass the $1 level. Supporters of dogecoin always say dogecoin to the moon in it's price but today it's still at $0.30 cents. Unlike Bitcoin from less than $1 it went up to $40,000 level.
 
I think is increasing maybe the price will also get to that with time, because we all need to see dogecoin going high like other cryptocurrency so that the investors will good money from it.
 
The coin has made a remarkable recovery few days ago though it currently below 30 cents slightly , the market is a bit red in the last 24 hours.
 
Good-Person said:
Well, I believe that Dogecoin will rise but after some years. It will only rise till it reaches $1 only if Elon Musk continues to support it and invest in it as his statements make great effects on crypto price.
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That means an investment of a whale is needed to push up the price of Doge Coin in the market. Maybe I can agree with that because from the 40 cents Doge Coin is now back to 30 cents and if the trend continues then the market price may drop back to 20 cents.
 
If you should repeatedly look at the Dodge coin white paper you will know that it will take some kind of miracle and continuous hype for it to be able to reach $1 one day.
 
Setho said:
If you should repeatedly look at the Dodge coin white paper you will know that it will take some kind of miracle and continuous hype for it to be able to reach $1 one day.
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What makes you think so ? I believe if it's market Capitalization can increase and many companies adopting it as a payment , it will surely rise up to 1$ .
 
In my opinion, I say yes, it could be worth even more than $ 1.
I assume this data from the statistics of the last year about the trend of Dogecoin.
 
Alexandoy said:
That means an investment of a whale is needed to push up the price of Doge Coin in the market. Maybe I can agree with that because from the 40 cents Doge Coin is now back to 30 cents and if the trend continues then the market price may drop back to 20 cents.
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Despite Elon Musk's interest in this coin, it is not rising, so there must be some problem. Elon Musk's statements do have a big influence but I believe that there are other things that also influence Dogecoin's price. Maybe mining activities influence its price?
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Alexandoy said:
That means an investment of a whale is needed to push up the price of Doge Coin in the market. Maybe I can agree with that because from the 40 cents Doge Coin is now back to 30 cents and if the trend continues then the market price may drop back to 20 cents.
Click to expand...

Despite Elon Musk's interest in this coin, it is not rising, so there must be some problem. Elon Musk's statements do have a big influence but I believe that there are other things that also influence Dogecoin's price. Maybe mining activities influence its price?
 
I really hope the price of dogecoin moves very high , because there are speculation of the price reaching $5 soon , many investors just need to invest ahead as they learn
 
Doge was actually $0.4 some months back throughout the bull operate. It was actually impacted due to the dip as well as it is presently about $0.2. It has actually the capacities as well as it is the very initial as well as very most prominent memecoin about.
 
kayode10 said:
If I have enough cash with me, I will just buy like 10,000 units of these coins I'm trip everything once it reaches 1 dollars. I should be able to make nothing less than 60% profit from the transaction if things go right.
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That is a good logic. However, what makes you think that Doge will reach $1 in the market? There are varied factors that control the market price and you have to also be aware of the whales. One whale transaction can make a big difference in the market price.
 
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