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

  • Thread starter Thread starter Nomad
  • Start date Start date
I don't know what is happening to dogecoin recently because the price has gone very low. But now the price is coming up but still it is still low. The price of dogecoin might reach 1 USD soon
 
It will take so many years if not millennium for this dogecoin of a cryptocurrency to ever get to a dollar. It has actually been a disappointing coin for me for a lot of reasons. I don't see it getting to a dollar anytime soon
 
I also noticed the increase on the doge coin, though it might not get to one dollar right now but I believe with time, there is still hope for the doge coin.
 
Kelly5 said:
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?
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That's it because the price fluctuations of the coins in the market is too high and it became very hard for someone to predict the market.
 
Actually it may not be anytime soon but it's not an impossibility, every great thing start small, Bitcoin started somewhere and it's now great, dodgecoin can become $1 at any time.
 
Oliver4smile said:
Actually it may not be anytime soon but it's not an impossibility, every great thing start small, Bitcoin started somewhere and it's now great, dodgecoin can become $1 at any time.
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Currently dogecoin is at the price of $0.35 , i believe it has been doing well so far and anything can happen be for the end of the year , dogecoin might reaches the $1 landmark,
 
I heard that Doge is a meme coin that was created to drag down Bitcoin, I know that Doge is a meme coin but can anything bring down crypto
 
Oliver4smile said:
Actually it may not be anytime soon but it's not an impossibility, every great thing start small, Bitcoin started somewhere and it's now great, dodgecoin can become $1 at any time.
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In this physical world anything is possible as long as you believe. With Doge coin even if it looks impossible for that coin to reach $1 in the future I would still agree that it can. At present the Doge is pegged at 31 cents which is not really far from $1 because the price is just 69 cents away from the target.
 
Dogecoin is a coin I believe will blow or grow in the future that is why it hurts me when I try to buy dodge coin and I can't buy it that practically was the reason I moved all the coins I had in luno into Trust wallet only for me to find out that I cannot etherium to dodge.
 
While the price may not reach $1 anytime soon, we can expect dogecoin to become 70 cents again just like what it was in May. Since dogecoin has unlimited supply, it may not go too high. I am saying this because every minute 10K dogecoins are released.
 
I know some are still doubting the fact that doge will get to $1 before this year runs out our at the beginning of next year. Every coin av their season, patience is key...
 
Dowenship said:
I know some are still doubting the fact that doge will get to $1 before this year runs out our at the beginning of next year. Every coin av their season, patience is key...
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That's the fact that every Investor needs to understand , people who are in hurry to trade off eventually loose more because every coin has it buy back time and burning time differently.
 
Dowenship said:
I know some are still doubting the fact that doge will get to $1 before this year runs out our at the beginning of next year. Every coin av their season, patience is key...
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This is an understanding I would expect most investors especially retail investors to have. One coin may be down in price today but moon the very next day or even hour.
 
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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I agree with you. The one dollar price target for dogecoin is very elusive. Even though Elon Musk always have positive tweets in twitter about dogecoin still the cryptocurrency coin is still struggling to reach one dollar.
 
jeff87 said:
I agree with you. The one dollar price target for dogecoin is very elusive. Even though Elon Musk always have positive tweets in twitter about dogecoin still the cryptocurrency coin is still struggling to reach one dollar.
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Moreover, I do not think that Elon Musk totally supports Dogecoin. There are many other coins and I think that Elon Musk is also interested in them, too. Elon Musk is also interested in many other coins such as bitcoin.
 
The price movement of dodge coin is mostly dependent on the hype around it and as such I do not believe it is going to get to $1 in the next few years.
 
It's not like I am been pessimistic but 1 dollar is still kind of far from 4 cents, however it will be a good thing if your assumption comes true.
 
Even though it is not that easy to predict the future of cryptocurrency because of its volatility nature, it is possible for dogecoin or any other coins for that matter to get to $1 in the nearest future. Personally, I don't have much money in dogecoin. It is just my opinion.
 
Every minute 10 thousand new dogecoins are released by the miners. Dogecoin also does not have maximum cap supply. When a currency has a huge supply, can it actually become highly valued, I doubt it.
 
I think it's currently facing some challenges as the coin is getting sluggish and lagging behind in increasing in its value recently. It won't amount to $1 anytime soon considering it's present state
 
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