The dogecoin has already pumped up twice with the help of popular persons like Elon Musk, now that many people are trying to invest in Dogecoin, expecting to have another madness on doge. So what if, Elon Musk and other popular experts stopped supporting this meme coin, is there are a possibility that Dogecoin reaches 1$ on its own?
Well, like what I've said, this is just a meme coin, no utility, no usage but what do you think will be the realistic value of Dogecoin for the upcoming years?
You said it yourself, no utility. So it's utility is reliant on support / meme. In otherwords who knows... 1$ is just as likely as $0 (not zero but you get my drift). I'd rather rely on utility then hype cycles tbh.. utility can be more easily measured / predicted then hype... makes for more comfortable investments.