I am bullish on Dogecoin because it's going to increase due to the fact that it is used in Twitter for transaction and Twitter is a big social media that could influence the Dogecoin tremendously.
Will 2023 be the best year for Dogecoin Can its value exceed $1 this year?
- Thread starter Yaqoob Habib
- Start date
Dogecoin has gained a lot of recognition recently and we should be bullish and have the notion that dogecoin may probably reach $1 in the future but the time it will attain this value is what I do not know.
Doge coin could reach $1. Just like targets in bear run seem impossible until they are reached, that's the same with a bull market. Even if it does get there, it's possible make a good 5x or 10x from here.
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From another perspective this is true, We all saw how plenty of coins multiplied in the last bull season, with a new All Time High created. What I know is that if Dogecoin should reach $1 then plenty of coins would experience massive increase.
Actually, shitcoins are the last to pump, and I've learnt that that's a sign you need to start getting out of the market.
What happens is that people are cautious at first, hence they only invest their hard-earned money in sure projects. Once these pump, they now have enough profits to risk on shitcoins.
When they have enough money from shitcoins, they start pulling it out and price nosedives.
Yes, No truer words can be said than this.
I actually noticed this trend you explained above, First, Bitcoin pumps first as the King of the market, Then Top Altcoins follow, This scenario continues till it gets to the bottom which is meme coin.
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I am very bullish on Dogecoin presently because I know that it is going to reach $1 by the end of year 2023 which makes it a very good cryptocurrency to hold for anyone who wants to make profit in cryptocurrency investment.
It is very true that dogecoin is going to develop very quickly this year and I'm very bullish on the coin. The reason being that it is enjoying serious backing from the Twitter boss.
Dogecoin has way too much in circulation, it just does not have the capacity to reach a dollar. That would mean it's market cap would reach trillons of dollars.
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Actually it's very difficult sometimes to predict how the value of any cryptocurrency it raising or even falling.
It might be possible for it value to raise depending the market forces of demand and supply.
It might be possible for it value to raise depending the market forces of demand and supply.
With how things are going currently, i highly doubt this, i do not see doge coin reaching this level this year. But one thing i have come to understand is that one cannot really predict how things would go in crypto. Anything can happen at anytime.
I can't specifically tell the growth that dogecoin would experience thos year but it is certain it would make huge strides. Dogecoin has actually fought a good fight so far.
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I don't really know those factors that people see before thinking a coin will go bullish but i know that most times, coins that we do not even expect anything from are the one that always go bullish
It is possible for Dogecoin to reach $1 this year because if you follow the news around these coin, it is pointing to the fact that it will surge and it will be a great business opportunity.
I don't think the coin has the capacity to get to a dollar in this year but I know that is going to happen someday about not very soon even though with the influence of Elon Musk
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Besides, the backinge it enjoyed from Elon Musk could make it to reach $1 very easily. Moreso, it is a coin that is very promising and could give you huge profit if you keep holding it.
Well, Dogecoin is unpredictable. It can increase 10 times in one day. Let's not forget that Elon Musk made only one tweet and the price of Dogecoin increased dramatically. So why not? The price of Dogecoin can reach 1 dollar
Thanks for sharing! It garing that dogecoinmove up and down and it is not stable due to pumping and dumping techniques that is pronounced with this coin.
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We can't tell for sure if 2023 will be the best year for DOGE coin or even if it's value will exceed $1. Cryptocurrencies are very unpredictable, we can only hope for the best.
While Dogecoin gained significant attention and experienced price surges in the past, it's important to approach cryptocurrency investments with caution and conduct thorough research. Dogecoin's value exceeding $1 would require substantial market demand and sustained buying pressure. However, it's impossible to accurately predict if and when such a milestone might be reached.
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